Balancing Service definition

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.

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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 supply, which is not a short term standardised product;

Balancing Service. As defined in the EU EBGL Guideline.

Examples of Balancing Service in a sentence

• A party that has access to Reserve Unit(s) that fulfil(s) the requirements laid down in section 5 can become a Balancing Service Provider.

• A Balancing Service Provider does not need to own the Reserve Resource or be an open provider or balance responsible party.

• For the period of force majeure, Fingrid shall not pay compensation in accordance with these terms to the Balancing Service Provider, nor shall the Balancing Service Provider be subject to sanctions under these terms for unmaintained reserve capacity.

• Balancing Service Providers shall be granted the necessary access rights to these systems.

• If one of the factors listed above applies to one of the Balancing Service Provider’s Reserve Units, but the Bal- ancing Service Provider could compensate for the lost reserve capacity using its other Reserve Units, the situation shall not be considered force majeure.

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

Balancing Service means the assurance of the contracted reserve capacity and/or the balancing electricity used from 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 a service operating under market rules, intended to contribute to the security of the electricity system and to provide a price reference for the settlement of imbalances; "Electricity Sector" means all the structures, works and industrial activities carried out in the ECOWAS region, related to the production, transmission, transit, distribution, storage, marketing, import and export of electricity;

Balancing Service means the action of providing Balancing Energy;

Balancing Service as defined in Article 2(3) of Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing;