Nomination and Balancing Sample Clauses
The Nomination and Balancing clause establishes the procedures by which parties must notify each other of their intended quantities of a commodity, such as natural gas or electricity, to be delivered or received during a specified period. Typically, this involves submitting schedules or forecasts (nominations) in advance and then adjusting actual deliveries or receipts (balancing) to match those nominations as closely as possible. This clause ensures that supply and demand are coordinated, minimizing imbalances and associated costs, and helps maintain the reliability and efficiency of the delivery system.
Nomination and Balancing. 7.1 Gas Balancing prior to commencement of balancing mechanism approval
(a) the Gas Balancing of Network Sections will be governed by, and the User and the Service Provider must comply with, Annexure 3; and
(b) the User warrants that each nomination made under this Agreement is made in accordance with Annexure 3.
7.2 Gas Balancing after withdrawal of approval for balancing mechanism
(a) the Gas Balancing of Network Sections will be governed by, and the User and the Service Provider must comply with, Annexure 4; and
(b) the User warrants that each nomination made under this Agreement is made in accordance with Annexure 4.
Nomination and Balancing. 7.1 Gas Balancing under the STTM
7.2 User to provide JGN with forecast of withdrawals
(a) A Forecast Withdrawal for a Day is a forecast of the aggregate Quantity of Gas which the User intends to withdraw from a Network Section on the relevant Day under all agreements between JGN and the User for the transportation of Gas (Forecast Withdrawal). A Forecast Withdrawal must be made on a reasonable basis and in good faith, and itemise:
(i) any forecast Gas requirement for Non Daily Metered Delivery Points;
(ii) any forecast Gas requirement for Daily Metered Delivery Points; and
(iii) when required in advance of the relevant Day by JGN, the Forecast Withdrawal at designated Delivery Points, in such manner and in relation to such times as the User and JGN agree.
(b) JGN may notify the User and all Network Users that Forecast Withdrawals are not required for a Network Section for a designated period. Unless JGN has provided such notification (and this notification has not been rescinded), clauses 7.2(c) and 7.2(d) will apply.
(c) Subject to clause 7.2(a), the User must provide JGN with its Forecast Withdrawals for each of the next three Days (or each of the next seven Days where requested by JGN for operational purposes) for:
(i) each Day that the User receives Services under this Agreement and any other agreement for the transportation of Gas between JGN and the User; and;
(ii) each Receipt Point at which that Gas is received into the Network Section (where information by Receipt Point is available to the User, or where not available, or if JGN has advised a breakdown for each Reciept Point is not required, the aggregate of the Receipt Points within that Network Section).
(d) Subject to clause 7.2(b), JGN will (acting reasonably) determine a timetable for all Network Users to provide the Forecast Withdrawals required under this clause 7.2 which will be based upon the timetable for Forecast Withdrawals contained in the STTM mechanism for Gas Balancing of Network Sections. The User must comply with this timetable.
Nomination and Balancing. The Company’s nomination and balancing terms as set forth in Section 11.0 of the Distribution and Default Service Terms and Conditions for Daily Metered Distribution Service shall apply to Customer’s usage hereunder. If Customer designates the Company as its gas supplier and executes an Interruptible Gas Supply Service Agreement, Customer shall not be subject to the aforementioned nomination and balancing terms, except as provided in the Interruptible Gas Supply Service Agreement.
Nomination and Balancing