Transmission Right definition

Transmission Right means for the purposes of these Daily Allocation Rules a Physical Transmission Right acquired through the daily auction; Use It Or Lose It (UIOLI) means an automatic application by which the underlying daily Cross Zonal Capacity of the non-nominated Physical Transmission Rights irrevocably fall back to the relevant TSO(s) and whereby Transmission Right holders that do not nominate to use their rights have no right to receive a pay-out; Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform location; Working Hours means the hours on Working Days specified within the Participation Agreement.
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Transmission Right. As defined in the EU FCA Guideline. Market Access Point: A virtual point located within a CDS and used to calculate some or all of the active power injected into and/or taken from the CDS by a CDS user.
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Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before start of a Bidding Period; Pre-bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Pre-bids; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
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Examples of Transmission Right in a sentence

  • Market participants may acquire a Long term Transmission Right only from participation in Auctions or/and via transfer.

  • All rights and obligations resulting from these Allocation Rules, with exception of the payment obligation of the original Long Term Transmission Right holder regarding the allocation of Long Term Transmission Right pursuant to Article 62(1), shall be transferred together with the Long Term Transmission Right.

  • Long Term Transmission Right holder(s) may transfer some or all of their Long Term Transmission Rights to another Registered Participant once the Auction results in respect of those rights are final.

  • Long Term Transmission Right holder(s) may return some or all of their Long Term Transmission Rights to the Allocation Platform for reallocation at any subsequent long term Auction once the final Auction results are published.

  • All rights and obligations resulting from these Allocation Rules, with exception of the payment obligation of the original Long Term Transmission Right holder regarding the allocation of Long Term Transmission Right pursuant to Article 63(1), shall be transferred together with the Long Term Transmission Right.

  • Market participants may acquire a Daily Transmission Right only from participation in Auctions.

  • When the FTR Target Allocation is negative, the FTR Target Allocation is set to zero if the FTR is a Financial Transmission Right Option.

  • The difference shall be equal to the day-ahead hourly price of the destination Bidding Zone minus the day-ahead hourly price of the origin Bidding Zone, where the destination and the origin Bidding Zones are those defined in the Auction Specifications of the concerned Long Term Transmission Right.

  • Long Term Transmission Right holder(s) wishing to return their Long Term Transmission Rights shall send a notification, directly via the Auction Tool to the Allocation Platform in line with the corresponding Information System Rules no later than the deadline specified in the provisional Auction Specification for the subsequent Auction to which the Long Term Transmission Right is to be returned.

  • Physical Transmission Right (“PTR”): Right to use Interconnection capacity for electricity transfers expressed in MW.


More Definitions of Transmission Right

Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
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Transmission Right means for the purposes of these Daily Allocation Rules a Physical Transmission Right acquired through the daily auction; Use It Or Lose It (UIOLI) means an automatic application by which the underlying daily Cross Zonal Capacity of the non-nominated Physical Transmission Rights irrevocably fall back to the relevant TSO(s) and whereby Transmission Right holders that do not nominate to use their rights have no right to receive a pay-out; Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform location;
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Related to Transmission Right

  • Financial Transmission Right or “FTR” shall mean a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2 and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • Transmission Injection Rights means Capacity Transmission Injection Rights and Energy Transmission Injection Rights. Transmission Interconnection Customer:

  • Capacity Transmission Injection Rights means the rights to schedule energy and capacity deliveries at a Point of Interconnection of a Merchant Transmission Facility with the Transmission System. Capacity Transmission Injection Rights may be awarded only to a Merchant D.C. Transmission Facility and/or Controllable A.C. Merchant Transmission Facilities that connects the Transmission System to another control area. Deliveries scheduled using Capacity Transmission Injection Rights have rights similar to those under Firm Point-to-Point Transmission Service or, if coupled with a generating unit external to the PJM Region that satisfies all applicable criteria specified in the PJM Manuals, similar to Capacity Interconnection Rights.

  • Energy Transmission Injection Rights means the rights to schedule energy deliveries at a specified point on the Transmission System. Energy Transmission Injection Rights may be awarded only to a Merchant D.C. Transmission Facility that connects the Transmission System to another control area. Deliveries scheduled using Energy Transmission Injection Rights have rights similar to those under Non-Firm Point-to-Point Transmission Service.

  • Financial Transmission Right Obligation means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(b), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(b).

  • Transmission Operator means the entity responsible for the reliability of its “local” Transmission System, and that operates or directs the operations of the Transmission Facilities.

  • Transmission links are the means used for inter-connecting distributed units for the purpose of conveying signals, operating data or an energy supply. This equipment is generally electrical but may, in some part, be mechanical, pneumatic or hydraulic.

  • Central Transmission Utility means the Government Company notified by the Central Government under Sub-Section (1) of Section 38 of the Electricity Act, 2003.

  • Transmission pipeline means any high pressure transmission pipeline connected to, but excluding the Maui Pipeline, that is used for the open access transportation of Gas, and includes all items of plant, equipment, fixtures and fittings directly appurtenanced to that pipeline, but excluding any item which is controlled by a party other than that pipeline’s TP Welded Party and any low pressure distribution system.

  • Transmission License means the license granted by the Appropriate Commission in terms of the relevant regulations for grant of such license issued under The Electricity Act, 2003;

  • Transmission Licensee means any person who is authorised by a Transmission Licence to transmit electricity, acting in that capacity;

  • Transmission Service means Point-To-Point Transmission Service provided under Tariff, Part II on a firm and non-firm basis.

  • CTU or Central Transmission Utility means the Central Transmission Utility as defined in Sub-Section (10) of section (2) of the EA-2003.

  • Transmission line means any single or multiphase electric power line operating at nominal voltages at or in excess of either 69,000 volts between ungrounded conductors or 40,000 volts between grounded and ungrounded conductors, regardless of the functional service provided by the line.

  • Transmission Customer means any eligible customer, shipper or designated agent that can or does execute a transmission service agreement or can or does receive transmission service, including all persons who have pending requests for transmission service or for information regarding transmission.

  • Transmission means transmission by operation of law, devolution on the personal representative of a deceased person and any other mode of transfer, not being assignment;

  • Transmission Owner means a Member that owns or leases with rights equivalent to ownership Transmission Facilities and is a signatory to the PJM Transmission Owners Agreement. Taking transmission service shall not be sufficient to qualify a Member as a Transmission Owner. Transmission Owner Attachment Facilities:

  • Transmission Licence means a licence granted under section 6(1)(b) of the Act;

  • Transmission Service Agreement or “TSA” shall mean the agreement entered into between Long Term Transmission Customer(s) and the TSP pursuant to which TSP shall build, own, operate and maintain the Project and make available the assets of the Project to Long Term Transmission Customer(s) on a commercial basis;

  • Transmission Provider means any entity or entities transmitting or transporting the Product on behalf of Seller or Buyer to or from the Delivery Point.

  • Transmission Charges means the charges payable to TSP by Long Term Transmission Customer(s) pursuant to the TSA, as adopted by the Appropriate Commission;

  • Transmission Service Provider means the entity that administers the transmission tariff and provides transmission service to transmission customers under applicable transmission service agreements.

  • Transmission Interconnection Customer means an entity that submits an Interconnection Request to interconnect or add Merchant Transmission Facilities to the Transmission System or to increase the capacity of Merchant Transmission Facilities interconnected with the Transmission System in the PJM Region or an entity that submits an Upgrade Request for Merchant Network Upgrades (including accelerating the construction of any transmission enhancement or expansion, other than Merchant Transmission Facilities, that is included in the Regional Transmission Expansion Plan prepared pursuant to Operating Agreement, Schedule 6).

  • P.01 Transmission Grade of Service (“GOS”) means a trunk facility provisioning standard with the statistical probability of no more than one call in 100 blocked on initial attempt during the average busy hour.

  • Transmission Services the services provided by the Transmission Provider(s) to the Distributor;