Balance Responsibility definition

Balance Responsibility means the obligation of a market participant to ensure that the amount of electricity purchased and/or supplied to the network by the market participant during a trading period is equivalent to the amount of electricity sold and/or acquired from the network by the market participant during the trading period;
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Balance Responsibility means the responsibility of consumers, other than captive consumers, and licence holders to draw up or to have drawn up energy programmes for the generation, transmission and consumption of electricity for the network operators and to act in accordance with such energy programmes subject to the conditions referred to in article 26 (as defined in the NL Definition List);
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Balance Responsibility means the market participant’s obligation to ensure the balance for each balance period.
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Examples of Balance Responsibility in a sentence

  • ESB GWM gave further details on participant exposures in I-SEM, breaking their comments down into three sections, Balance Responsibility, Credit Cover Exposure and Difference Payments.

  • Information in the public part of the Online ServiceList of active market participants and their rolesList of active MGAs and their DSOs, types and MBAsThe active Retailer Balance Responsibility relations per type in different MGAsApproved Settlement BanksImbalance power volumes for each ISP per MBA (only Finland and Norway)Price information for each ISP per MBAFees Table 30.

  • The Licensee shall have Balance Responsibility and shall make all reasonable efforts to forecast its future demand accurately and to provide promptly, fully and accurately all information required to be submitted to any other electricity undertaking in accordance with the procedures approved by the Regulator.

  • In order to Nominate physical transmission rights to RTE, the holders of PTRs must be holder of a Balance Responsibility Contract agreed with RTE and a signer of the French Import/Export Rules in their last applicable version.

  • In order to nominate PTRs to HOPS, the PTR holders and/or their counterparties have to conclude a valid and effective Balance Responsibility Contract with HOPS and/or Electricity Market Participation Agreement with Croatian Energy Market Operator - HROTE (HROTE).

  • The management of settlement structures (e.g. retailer’s Balance Responsibility) is complemented by national legislation in each country.

  • Individual Balance Responsibility BRPs have an obligation of means to be balanced in real-time.

  • As distinct from the previous, announcement of the termination of an elec- tricity retailer’s Balance Responsibility in a Metering Grid Area shall be given no later than 14 full days before the final delivery day (reported to the Imbalance Settlement Unit).

  • The unallowed changes include• new market participant registrations• changes in existing market participants (e.g. mergers)• MGA and MBA definition changes.• changes in Retailer Balance Responsibility contracts (only during second freeze period) Changes to following structures are allowed, but they should be avoided during second freeze period (2.1.2021 – 14.2.2021) if possible:• production MECs• consumption MECs• MGA imbalance retailers• bilateral trades• PX market trades.

  • The method for allocating balancing costs differs widely among countries, and may create an opportunistic value for aggregation.4.2.1 Balance Responsibility Balance responsibility defines which market participants (e.g. generators, suppliers, consumers, and traders) are obligated to submit individual or portfolio schedules (for consumption and/or production) to the SO, and defines the method with which the economic settlement of the deviations from those schedules is performed.


More Definitions of Balance Responsibility

Balance Responsibility and “Balance Responsibility” means the responsibility of consumers, other than captive consumers, and licence holders to draw up or to have drawn up energy programmes for the generation, transmission and consumption of electricity for the network operators and to act in accordance with such energy programmes subject to the conditions referred to in article 26 (as defined in the NL Definition List) of the BritNed Access Rules; and
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Balance Responsibility means the responsibility of the network user for the portfolio imbalance and the settlement of imbalances.
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Balance Responsibility means the responsibility to settle fiscal balances
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Balance Responsibility has the same meaning as in the Market Rules approved by ERO.
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Balance Responsibility means the obligation of the market participants of electricity to balance the generation, consumption and contracted purchase and sale of electricity in the period for which the balance deviation is determined and to take over the financial responsibility for deviation;
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Related to Balance Responsibility

  • Customer Responsibilities means the responsibilities of the Customer set out in Call Off Schedule 4 (Implementation Plan) and any other responsibilities of the Customer in the Call Off Order Form or agreed in writing between the Parties from time to time in connection with this Call Off Contract;

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • parental responsibility , in relation to a child, means all the duties, powers, responsibilities and authority which, by law, parents have in relation to children.

  • Area of responsibility means the geographical area, as

  • Corporate Social Responsibility means Corporate Social Responsibility (CSR) as defined in Section 135 of the Companies Act, 2013 and Companies Corporate Social Responsibility Policy) Rules, 2014;

  • extended producer responsibility ’ (EPR) means responsibility of any producer of packaging products such as plastic, tin, glass, wrappers and corrugated boxes, etc., for environmentally sound management, till end-of-life of the packaging products ;

  • Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in the amount of twenty-five thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and in the amount of twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.

  • Institutional Responsibilities means an Investigator’s professional responsibilities on behalf of the Institution, including activities such as research, teaching, clinical or other professional practice, academic activities, scholarly events, institutional committee memberships, and service on panels such as Institutional Review Boards or Data and Safety Monitoring Boards.

  • Responsibility means a duty for which a person is accountable by virtue of licensure.

  • Responsibilities means the responsibilities delegated to BNY under the Rule as a Foreign Custody Manager with respect to each Specified Country and each Eligible Foreign Custodian selected by BNY, as such responsibilities are more fully described in Article III of this Agreement.

  • Official responsibility means administrative or operating authority, whether intermediate or final, to initiate, approve, disapprove or otherwise affect a procurement transaction, or any claim resulting therefrom.

  • Enhanced Services means any service offered over Common Carrier transmission facilities that employ computer processing applications that act on the format, content, code, protocol or similar aspects of a subscriber's transmitted information; that provide the subscriber with additional, different or restructured information; or involve End User Customer interaction with stored information. "Enhanced 911" or "E911" shall have the meaning set forth in Section 10.3.1.

  • TAXPAYERS' RIGHTS AND RESPONSIBILITIES means the rights provided to taxpayers in sections 718.11 , 718.12 , 718.19, 718.23, 718.36, 718.37, 718.38, 5717.011 , and 5717.03 of the Ohio Revised Code and any corresponding ordinances of the Municipality, and the responsibilities of taxpayers to file, report, withhold, remit, and pay municipal income tax and otherwise comply with Chapter 718. of the Ohio Revised Code and resolutions, ordinances, and rules adopted by a municipal corporation for the imposition and administration of a municipal income tax.

  • Enhanced 911 Service (“E911”) means a telephone communication service which will automatically route a call dialed “9-1-1” to a designated public safety answering point (PSAP) attendant and will provide to the attendant the calling party’s telephone number and, when possible, the address from which the call is being placed and the Emergency Response agencies responsible for the location from which the call was dialed.

  • Oversight means the term as it is defined in the Stewardship Agreement between CDOT and the FHWA.

  • Role means the part or parts an Actor plays in a performance, or the "track" that an Artist follows in performance. The Artist may agree to participate in scene changes and/or supplemental business as part of their originally contracted Role.

  • Residual parental rights and responsibilities means all rights and responsibilities remaining with the

  • Responsible Respondent means a Respondent that has the capability in all material respects to perform the scope of work and specifications of the Contract. In determining whether a Respondent is a Responsible Respondent, the Agency may consider various factors including, but not limited to, the Respondent’s competence and qualifications to provide the goods or services requested, the Respondent’s integrity and reliability, the past performance of the Respondent and the best interest of the Agency and the State.

  • Designated crisis responder means a mental health

  • Enhanced softening means the improved removal of disinfection byproduct precursors by precipitative softening.

  • Program Manager refers to the professional management firm selected by the Owner as the Owner’s representative for the Project, and its employees and consultants.

  • Coordinator means the person designated by Canada to act as the Dispute Resolution Coordinator.

  • Project Management Plan means the management plan that (i) sets out a high level workplan to describe the manner in which the Design-Builder will manage the Project, including to address related matters such as traffic management and communications, and (ii) is prepared by or for the Design-Builder and submitted to the Owner;

  • Individual service plan means the written description of services, supports, and activities to be provided to an individual.

  • Service Level means the standard set forth below by which IBM measures the level of service it provides in this SLA.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;