Balancing Service definition

Balancing Service means a service provided to a trans­ mission system operator via a contract for gas required to meet short term fluctuations in gas demand or supply, which is not a short term standardised product;

Balancing Service means either an Interruptible Park Service or an Interruptible Loan Service and shall be defined as the quantity of gas held or owed respectively by DTE on behalf of Customer in the Balancing Account.

Balancing Service. As defined in the EU EBGL Guideline.

Examples of Balancing Service in a sentence

• In utilizing the funds on the Cash Account, the Account Holder shall follow the obligations set out in the Imbalance Settlement Agreement / the Balancing Service Settlement Agreement.

• The Account Holder hereby grants eSett an unconditional right of disposal over the balance on the Cash Account, to be utilized in accordance with the Imbalance Settlement Agreement / the Balancing Service Settlement Agreement (with its Appendices).

• Pledge in favour of eSett Hereby the Account Holder chooses to post Cash Collateral as security for the Account Holder’s obligations towards eSett under the Imbalance Settlement Agreement / the Balancing Service Agreement by pledging a Cash Collateral Account in favour of eSett.

• The Bank is not required to monitor that said obligations are followed or obligated to indemnify eSett if the Account Holder utilizes the funds from the Cash Account against the Imbalance Settlement Agreement / the Balancing Service Settlement Agreement or other agreement made between the Account Holder and eSett.

• In addition, the Account Holder may under this Agreement provide the Cash Collateral referred to in the Imbalance Settlement Agreement / the Balancing Service Settlement Agreement by pledging a separate account, opened in a Settlement Bank, in favour of eSett (“Cash Collateral Account”) as described in more detail in section 3.

More Definitions of Balancing Service

Balancing Service means the provision of the contracted reserve capacity and/or balancing electricity, used by the Transmission System Operator to perform the balancing.

Balancing Service means providing reserve capacity contracted and/or balancing electricity, used by Transmission System Operator to perform the balancing.

Balancing Service means either an interruptible Parking Service or an interruptible Loan Service, as the case may be, and shall be so defined depending on the quantity of gas held or owed by Union on behalf of Shipper in the Balancing Account;

Balancing Service. , shall mean the provision of contracted reserve capacity and / or balancing energy used by the Transmission System Operator to perform balancing.

Balancing Service means a service provided to a transmission system operator via a contract for gas required to meet short term fluctuations in gas demand or

Balancing Service means a service provided to a transmission system operator via a contract for flexible gas which is not a short term standardised product referred to in Article 9(3).

Balancing Service means a service provided to a transmission system operator via a contract forgas required to meet short term fluctuations in gas demand or supply, which is not a short term standardised product;