Balance Responsible Entity definition
Examples of Balance Responsible Entity in a sentence
Should the Balancing Responsible Entity of the Balancing Group have access to proper metering data for the relevant metering point, the Parties may request the latter to provide the Transmission System Operator with such metering data in accordance with the provisions of article C.18 of the Balance Responsible Entity Regulations.
In accordance with the provisions of article R.111-27 of the French Code de l'énergie, the Producer hereby agrees to provide the Buyer and the Balance Responsible Entity with, or that the Distribution System Operator remits directly to the Buyer and the Balance Responsible Entity, all Metering Data upon receipt, and shall take all necessary actions for that purpose.
If the Producer does not specify a balancing group for such a change or fails to do so in due time, the Buyer (or the entity designated as Balance Responsible Entity by the Buyer) shall de-register the Wind Farm from the Balancing Group.
Prior to the Supply Period, the Producer shall enter into a joining agreement (accord de rattachement) with the Buyer (or the entity designated as Balance Responsible Entity by the Buyer) and ensure the attachment of the Wind Farm to the Balancing Group.
The Producer shall communicate to the Buyer and the Balance Responsible Entity without delay any faults in or damage to the metering equipment of which it becomes aware.
The Producer shall make all necessary arrangements for the purpose of joining the Buyer’s (or the entity designated as Balance Responsible Entity by the Buyer’s) balancing group, in accordance with article L.321-15 of the French Code de l’énergie, not to be financially liable for the differences between all power withdrawal from and all power injection into the transmission or distribution network it is responsible for.
In this case the Supplier will invoice OLT the purchased LNG, priced at the average of the unbalancing price applied by Balance Responsible Entity for each day of April 2017, minus the transportation grid charges the Supplier would have been anyway in charge of if the purchased LNG had been regasified and redelivered at the Redelivery Point.
The Producer shall make available to the Buyer and the Balance Responsible Entity all Metering Data.
The Buyer (or the entity designated as such by the Buyer) is registered as a Balance Responsible Entity in accordance with article L.321-15 of the French Code de l’énergie, and will be free to act as the Balance Responsible Entity with respect to the Balancing Group.
Under the Agreement, the Balance Responsible Entity shall be: the Buyer; or the following entity as such designated by the Buyer, which shall act under the entire responsibility of the Buyer: [BALANCE RESPONSIBLE ENTITY], a [type of company], incorporated under the laws of [jurisdiction of incorporation], with a share capital of [], whose registered office is [address], [postal code] [city], [country], registered at the [competent trade or company registry] under number [].