Natural Gas Settlement System Code definition

Natural Gas Settlement System Code or “NGSSC” means the AUC’s rules governing the standards for determining and communicating retail Gas consumption for the purpose of load settlement;
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Natural Gas Settlement System Code. , “NGSSC” or “Rule 028” means Alberta Utilities Commission Rule 028: Natural Gas Settlement System Code Rules, governing the standards for determining and communicating retail natural gas consumption for the purpose of Load settlement;
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Related to Natural Gas Settlement System Code

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;

  • securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;