OBA Balance definition

OBA Balance means the level, at a specified point in time, of the Operational Balancing Account.
View Source
OBA Balance means the level, at the Entry Point in time, of the Operational Balancing Account.
View Source

Examples of OBA Balance in a sentence

  • For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to ▇▇▇▇▇▇▇'s daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.

  • Positive OBA Balance indicates that Gastrade is short towards the zero balance position, with a quantity equal to the absolute value of OBA Balance.

  • DESFA will also inform Gastrade if any Proportional Allocation Event occurred in the previous Gas Month and its effect on the OBA Balance.

  • DESFA will also inform Gastrade if any Proportional Allocation Event occurred in the relevant Gas Day and its effect on the OBA Balance.

  • If the operation of the Operational Balancing Account is suspended, then the Parties will meet to discuss and agree a protocol (which may include the transfer of Natural Gas between the Parties to reduce the OBA Balance) and timeline for the resumption of the Operational Balancing Account and the end of the proportional allocation regime set out in Article 6.

  • If the operation of the Operational Balancing Account is suspended, then the Parties will meet to discuss and agree a protocol (which may include the transfer of Natural Gas between the Parties to reduce the OBA Balance) and timeline for the resumption of the Operational Balancing Account and the end of the proportional allocation regime set out in Article 4.

  • For the first Gas Day (d) of operation of the Operational Balancing Account, the OBA Balance for that Gas Day (OBAd) shall be equal to the Daily Unbalance Quantity for that Gas Day (DUQd).

  • A positive OBA Balance indicates that DESFA is short towards the zero balance position, with a quantity equal to the absolute value of OBA Balance.

  • ICGB will also inform DESFA if any Proportional Allocation Event occurred in the relevant Gas Day and its effect on the OBA Balance.

  • For so long as the OBA Balance is less than ▇▇▇ ▇▇▇, the Allocated Quantities will be equal to that ▇▇▇▇▇▇▇'s daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.