Balancing Action definition

Balancing Action means a Balancing Gas Call or a Balancing Gas Put.
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Balancing Action means a Balancing Gas Buy or a Balancing Gas Sell under a Balancing Gas Contract in respect of a Day;
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Balancing Action means an action undertaken by the transmission system operator to change the gas flows onto or off the transmission network, excluding those actions related to gas unaccounted for as off-taken from the system and gas used by the transmission system operator for the operation of the system;
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Examples of Balancing Action in a sentence

  • In the event that National Grid NTS does not undertake a Market Balancing Action on a Day then the Total Incentivised Nomination Charge payable by a User, in respect of that day, will be zero.

  • For the avoidance of doubt, National Grid NTS may not take a Market Balancing Action for the purposes of buying or selling gas for the account of a Shrinkage Provider.

  • National Grid NTS will maintain a record (which, without prejudice to any other provision of the Code, will not be available to Users) of each Eligible Balancing Action taken.

  • Particular Open Access Personnel shall not transact on any Trading Platform or Balancing Platform for any reason other than undertaking a Balancing Action or purchasing Fuel Gas.

  • TSP may undertake a Balancing Action by using a Trading Platform, a Balancing Platform, or a product bought or sold by negotiated bilateral agreement.

  • M Market Balancing Action (MBA) An action taken by National Grid Gas to balance the system in which it enters into a transaction with a party so that that party will agree to make an acquiring or disposing trade nomination.

  • A Balancing Action means a Balancing Gas Buy or a Balancing Gas Sell under a Balancing Gas contract in respect of a Day is required.

  • The Transporter shall, after the end of each Gas Year and prior to the Annual Disbursements Account Reconciliation referred to in Section 1.4.7, calculate, for that Gas Year, the total net annual cost of the Balancing Actions (“ Net Annual Balancing Action Cost”) undertaken by the Transporter in respect of the preceding Gas Year which cost may be negative amount.

  • Payments associated with accepted DSR offer energy quantities will be settled as follows:a For each relevant Day after the declaration of GDE stage 2, all settlement of DSR Offer energy quantities accepted prior to the declaration of entry into GDE stage 2, will NOT be executed within the settlement timescales prescribed for Market Balancing Action settlement arrangements.

  • In applying Section F4 in respect of Days during a Gas Deficit Emergency (at Stage 2 and higher), to the extent amounts payable by National Grid NTS to Users pursuant to paragraph 4.2.6 exceed the amounts payable pursuant to paragraph 4.2.2, the excess amounts will be taken into account as though such amounts were Market Balancing Action Charges payable by National Grid NTS (for the purposes of Section F 4.4.3).


More Definitions of Balancing Action

Balancing Action means an action undertaken by the TSO to change the gas flows onto and/or off the transmission network with the aim to keep it within its operational limits. Buying and selling of gas by the TSO related to fuel gas for compressor stations and/or shrinkage shall not be considered as Balancing Actions under this Network Code.
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Balancing Action means an action undertaken by the transmission system operator to change the gas flows onto and/or off the transmission network. Buying and selling of gas by the transmission system operator related to fuel gas for compressor stations and/or shrinkage shall not be considered as balancing actions under this Regulation.
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Balancing Action means the successful purchase or sale of Natural Gas by GTS on the Exchange within day market to balance the National Grid in accordance with the terms of the Transmission Code;
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Balancing Action. As defined in Article 3(2) of Regulation (EU) No 312/2014.
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Related to Balancing Action

  • Imbalance Energy has the meaning set forth in the CAISO Tariff.

  • Balancing Authority or “BA” shall mean the responsible entity that integrates resource plans ahead of time, maintains load-interchange-generation balance within a Balancing Authority Area, and supports interconnection frequency in real-time.

  • Financing Agreements means, collectively, this Agreement and all notes, guarantees, security agreements and other agreements, documents and instruments now or at any time hereafter executed and/or delivered by Borrower or any Obligor in connection with this Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Connection Point means an exit point or an entry point or a bidirectional point identified or to be identified as such in an access contract.

  • Project financing gap means the part of the total project cost,

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Financing Costs means for each calendar day the product of:

  • Excluded Hedging Obligation means with respect to any Subsidiary Guarantor, any Hedging Obligation, if, and to the extent that, all or a portion of the guarantee of such Subsidiary Guarantor of, or the grant by such Subsidiary Guarantor of a security interest to secure, such Hedging Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Subsidiary Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time the guarantee of such Subsidiary Guarantor or the grant of such security interest becomes effective with respect to such Hedging Obligation (such determination being made after giving effect to any applicable keepwell, support or other agreement for the benefit of the applicable Loan Party). If a Hedging Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Hedging Obligation that is attributable to swaps for which such guarantee or security interest is or becomes illegal.

  • Permitted Swap Obligations means all obligations (contingent or otherwise) of Holdings or any Restricted Subsidiary existing or arising under Swap Contracts, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments or assets held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person in conjunction with a securities repurchase program not otherwise prohibited hereunder, and not for purposes of speculation or taking a “market view”.