Basslink definition

Basslink means the interconnection between the electricity grids of the States of Tasmania and Victoria by means of -
Sample 1

Examples of Basslink in a sentence

  • Subject to paragraph (f), the AER must determine the value of the regulatory asset base for the Basslink transmission system for the purposes of paragraph (d) by applying the previous regulatory approach to the circumstances of that transmission system.

  • If, after the commencement date, a network service provided by means of, or in connection with, the Basslink transmission system ceases to be classified as a market network service, it may at the discretion of the AER be determined to be a prescribed transmission service, in which case the relevant total revenue cap may be adjusted in accordance with Chapter 6A and this clause 11.6.20 to include to an appropriate extent the relevant network elements which provide those network services.

  • If, after the commencement date, a network service provided by means of, or in connection with, the Basslink transmission system ceases to beclassified as a market network service, it may at the discretion of the AER be determined to be a prescribed transmission service, in which case the relevant total revenue cap may be adjusted in accordance with Chapter 6A and this clause 11.6.20 to include to an appropriate extent the relevant network elements which provide those network services.

  • Also included in the Group’s restricted cash is the insurance proceeds received in relation to Basslink cable outage, the usage of which is subject to the consent of the lenders.

  • Tasmanian Network Service Provider A person who is a Network Service Provider in respect of a network located in Tasmania (including the Network Service Provider in respect of Basslink).

  • Basslink The project for the interconnection, by means of a DC electricity transmission link, of the Victorian and Tasmanian transmission systems.

  • To avoid doubt, Basslink is not a directional interconnector for the purposes of clause 3.18.

  • On 20 December 2015, the Basslink interconnector experienced an unplanned outage caused by a cable fault.

  • The CRSM payments are based on the differences between the high and low Victorian electricity pool prices, and are subject to a maximum +25% increase (i.e., a payment to Basslink) and -20% decrease (i.e., a payment from Basslink) of the unadjusted facility fee under the BSA.

  • While intended to be neutral over the long-term, the CRSM in Basslink may fluctuate in the short-term and such fluctuations will affect the revenues of Basslink.

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