Notional Welded Point definition

Notional Welded Point means each of the Trading Hub Receipt Point and the Trading Hub Delivery Point.
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Notional Welded Point means each of the Trading Hub Receipt Point and the Trading Hub Delivery Point. “OBA Principles” mean the principles of an OBA.
Sample 1
Notional Welded Point means each of thea Trading Hub Receipt Point and the corresponding Trading Hub Delivery Point.
Sample 1Sample 2

Examples of Notional Welded Point in a sentence

  • The Daily Operational Imbalance Limit at each Notional Welded Point shall be zero.

  • Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance, Running Operational Imbalance and Excess Daily Imbalance in relation to a Notional Welded Point the quantity of Gas that on a Day has flowed through the applicable Trading Hub Delivery Point and the corresponding Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity of that Notional Welded Point for that Day.

  • Notwithstanding any other provision of this Operating Code, MDL shall not deliver, and a Shipper shall not request MDL to deliver, any quantity of Gas to or from a Notional Welded Point unless that Notional Welded Point is at the relevant time registered on the MDL IX as included in that Shipper’s TSA.

  • Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance, Running Operational Imbalance and Excess Daily Imbalance in relation to a Notional Welded Point the quantity of Gas that on a Day has flowed through the Trading Hub Delivery Point and the Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity for that Day.

  • Notwithstanding any other provision of this Operating Code, TSP shall not deliver, and a Shipper shall not request TSP to deliver, any quantity of Gas to or from a Notional Welded Point unless that Notional Welded Point is at the relevant time registered on the TSP IX as included in that Shipper’s TSA.

  • Notwithstanding any other provision of this Operating Code, MDL shall not deliver, and a Shipper shall not request MDL to deliver, any quantity of Gas to or from a Notional Welded Point unless that Notional Welded Point is at the relevant time registered on the MDL IX as included in that Shipper‟s TSA.

  • However, it should be recorded that the main element used to enable the market on the Maui pipeline – the Notional Welded Point ICA – is complex and new, whereas the main element used to enable the market on the Vector pipeline – the GTA – is simple and standard.

  • With the market established, Maui shippers need to nominate flows in and out of the Notional Welded Point to match their settled trades.

  • This involved the trading market operator signing a Gas Transfer Agreement (GTA) which specifies how a Gas Transfer Agent is to reconcile settled trades.From the perspective of a prospective market operator, Vector’s approach allows for significantly simpler initial set-up arrangements, requiring much less negotiation (GTA’s are standardised, simple, well established, relatively short contracts, whereas Notional Welded Point ICA’s are somewhat customised, complex, new, and relatively long contracts).

  • In practice, we would expect that system users will nominate correctly, and for curtailment to be uncommon, in which case OI at that Notional Welded Point will be rare.

Related to Notional Welded Point

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