Examples of Volume Notification in a sentence
P110 seeks to allow a BSC Party to nullify their Volume Notifications with another BSC Party, for those Settlement Periods which have not yet passed Gate Closure, in the event that all Volume Notification Agent Authorisations (ECVNAA and MVRNAA) with that counter-Party have been terminated.
Where both the counterparties specify the same ECVNA, this indicates a requirement to use the single notification process for that Authorisation.Currently two counterparties authorise one Energy Contract Volume Notification Agent (ECVNA) to notify on their behalf, utilising the process described in BSCP 71 ‘ECVNA and MVRNA Registration, Authorisation and Termination’.
Within this category Clearing Houses would be able to submit Energy Contract Volume Notifications (ECVNs or ‘notifications’) for their cleared trades in the role of an Energy Contract Volume Notification Agent (ECVNA) as currently, but would not be authorised to act in any other participation capacity.4 However, those Parties registering as Clearing Houses would receive two unique benefits as described in (b) and(c) below.
At its meeting of 20 September 2001, the BSC Panel reviewed the Initial Written Assessment of Modification Proposal P35 ‘Qualified ECVNAs’, raised by Automated Power Exchange (APX) (Reference 1).The Proposal seeks to introduce the concept of Energy Contract Volume Notification Agents (ECVNAs) who have met certain standards of independence, performance and auditability and are therefore granted ‘Qualified’ status.
This activity would be an additional activity undertaken by the BSCCo Finance Department in line with the existing processes adopted for Ad-Hoc Trading Charges.▪ As a result of a Panel determination in support the claim, the Panel would require adjustments to be made to the Volume Notification as soon as is practicable, and taken into account in the next Settlement Run.
The Alternative Modification for P17 seeks to provide an appropriate variant of the Forward Contract (7- Day) Report to the Energy Contract Volume Notification Agent (ECVNA) and the Metered Volume Reallocation Agent (MVRNA), containing the trades notified by the recipient Notification Agent, in order to enable them to identify and rectify errors and / or omissions in their notification submissions.
The ECVAA shall process Volume Notification Nullifications as follows.1: When received from a BSC Party (a VNNR), the ECVAA shall validate the received VNNR.
ELEXON subsequently met with the Proposer to further define the Modification Proposal.The intent of the Modification Proposal is to introduce ‘Qualified’ Energy Contract Volume Notification Agents (ECVNAs), who, in the event of an ECVNA failure, will be able to submit notifications received by them to the Energy Contract Volume Aggregation Agent (ECVAA).
At the time of restructuring, three out the five results indicators had been achieved (see Annex 9); 75% (100% of the credit and 68% of the grant) of the total amount had been disbursed and performance was rated satisfactory.
When received from a BSC Party (a VNNR), the Earliest Nullification Effective Date and Period shall be calculated as being the first Settlement Period for which gate closure has not passed at the time that the Volume Notification Nullification Confirmation Report is expected to be issued.