Imbalance definition

Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

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Imbalance or “Imbalances” means any over-production, under-production, over-delivery, under-delivery or similar imbalance of Hydrocarbons produced from or allocated to the Purchased Assets, regardless of whether such over-production, under-production, over-delivery under-delivery or similar imbalance arises at the platform, wellhead, pipeline, gathering system, transportation system, processing plant or other location.

Imbalance means any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well and allocable to the interests of Seller therein and the shares of production from the relevant Well to which Seller is entitled, together with any appurtenant rights and obligations concerning future in kind and/or cash balancing at the wellhead.

Examples of Imbalance in a sentence

• Ancillary Services include Scheduling, System Control and Dispatch Service; Reactive Supply and Voltage Support Services (or “Voltage Support Service”); Regulation and Frequency Response Service (or “Regulation Service”); Energy Imbalance Service; Operating Reserve Service; and Black Start Capability.

• Imbalance Charges shall not be recovered under this Section 3.2, but Seller and/or Buyer shall be responsible for Imbalance Charges, if any, as provided in Section 4.3. The amount of such unfavorable difference shall be payable five Business Days after presentation of the performing party’s invoice, which shall set forth the basis upon which such amount was calculated.

• In any month in which Owner incurs a 1st Tier or 2nd Tier Imbalance charge, Owner will provide the CAISO with a report showing the allocation of the imbalance charges between Market Transactions and Nonmarket Transactions.

• Pursuant to the above, the Monthly Fuel Imbalance Charge is calculated in accordance with Equation C1-9.

• The Monthly Fuel Imbalance Charge is equal to 75% of 1st Tier Imbalance plus 100% of 2nd Tier Imbalances; Where: The 1st Tier Imbalances is that portion of the Monthly Sum of Daily Imbalance Charges which exceeds 2.25 percent of the CAISO Facility Monthly Billed Fuel Cost for the Month and is less than or equal to 10.0 percent of the CAISO Facility Monthly Billed Fuel Cost for the Month.

More Definitions of Imbalance

Imbalance means the difference between energy quantities of Gas received and Gas delivered, net of adjustments, in an Account each Gas Day;

Imbalance means a measurement of the variation in distribution of mass around the centre axis of the tyre. It can be measured as either "Static" or "Dynamic" imbalance.

Imbalance shall be defined as the difference between the total MMBTU's of Gas received at the Receipt Point(s), less fuel and lost and unaccounted for gas, and the total MMBTU's of Gas allocated to Owner at the Delivery Point(s).

Imbalance means an energy volume calculated for a balance responsible party and representing the difference between the allocated volume attributed to that balance responsible party and the final position of that balance responsible party, including any imbalance adjustment applied to that balance responsible party, within a given imbalance settlement period;

Imbalance means the difference between the quantities of gas received by the Service Provider at Receipt Points for a User's account (net of System Use Gas) and the quantities of gas taken by or on account of the User at the Delivery Points.

Imbalance means (i) any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well and allocable to the interests of Seller therein and the shares of production from the relevant Well to which Seller is entitled and (ii) any marketing imbalance between the quantity of Hydrocarbons required to be delivered by Seller under any Contract relating to the purchase and sale, gathering, transportation, storage, processing, or marketing of Hydrocarbons and the quantity of Hydrocarbons actually delivered by Seller pursuant to the relevant Contract, together with any appurtenant rights and obligations concerning future in-kind and/or cash balancing at the wellhead and production balancing at the delivery point into the relevant sale, gathering, transportation, storage, or processing facility.

Imbalance means the difference between energy quantities of Gas received and Gas