operational balancing account definition
operational balancing account means an account between adjacent transmission system operators, to be used to manage steering differences at an interconnection point in order to simplify gas accounting for network users involved at the interconnection point;
operational balancing account means an account between the Parties, to be used to manage steering differences at the IP and which will be operated in accordance with [Allocation Section].
operational balancing account or “OBA” shall mean an account, to be used to manage steering differences between the TARGETED VALUE for the GCP and the actual GAS FLOW at the GCP in order to simplify gas accounting for Shippers involved at the GCP.
More Definitions of operational balancing account
operational balancing account or “OBA” means the account between the Matching Operator and Initiating Operator, to be used to manage Steering Differences at the Entry Point in order to simplify gas accounting for Shippers involved at the Entry Point, in accordance to Article 4
operational balancing account means an account between two adjacent TSOs, to be used to manage steering differences at an IP in order to facilitate the allocation of gas to Network Users in accordance with Confirmed Quantities
operational balancing account means an arrangement (forming part of the Interconnection Agreement) between National Gas Transmission and the Adjacent TSO pursuant to which (except on Non-OBA Days) Steering Differences are managed operationally between the TSOs and the quantity of gas comprising the Cumulative Steering Difference is treated as borrowed by one TSO from the other TSO;