Examples of Balancing Mechanism in a sentence
However, as payment for such actions are administered through the CUSC and are consequently not open to the ‘pay as bid’ approach of the Balancing Mechanism, such actions will be treated as an unpriced.
Balancing Mechanism Offers and Bids:These are commercial services offered by generators and suppliers and procured through arrangements set out in Paragraph 5.1, Section Q of the Balancing and Settlement Code.
At present these actions are taken in the Balancing Mechanism in the form of bids, and also via ancillary services, such as Pre-Gate Closure Balancing Mechanism Unit Transactions (PGBTs).
Part B sets out the broad definitions of Balancing Services, the general principles we expect to follow in procuring such services, the relationship between various Balancing Services and a description of actions that will be taken outside of the Balancing Mechanism (BM).
We shall be responsible for making a forecast of ‘GB National Demand’ and ‘GB Transmission System Demand’ (as defined in the Grid Code) and the periodic release of these forecasts to the Balancing Mechanism Reporting Agent (BMRA) in accordance with the timetable specified in the BC1, Appendix 2 of the Grid Code.