Reconciliation Quantity definition
Examples of Reconciliation Quantity in a sentence
Any Reconciliation In- voice(s) already issued which is (are) affected by the changes shall be cancelled, re- issued and settled on the basis of the revised Reconciliation Quantity.
Where an Exit Network Operator has to correct a Reconciliation Quantity invoiced to a Shipper and where as a result of this correction the Reconciliation Quantities reported to the Market Area Manager need to be revised, the Network Operator shall submit a revised Reconciliation Notice to the Market Area Manager (with separate revised Rec- onciliation Notices to be submitted in respect of each Reconciliation Month affected).
Where the relevant Reconciliation Quantity is a negative quantity (a “Negative Reconcil- iation Quantity”), the Exit Network Operator shall provide to the relevant Market Area Manager a self-billed Reconciliation Invoice for payment by the Exit Network Operator to the Market Area Manager.
In this case all relevant prices shall be determined in accordance with the pricing method applicable on the date on which the relevant Reconciliation Quantity was initially invoiced.
Each Reconciliation Notice shall specify the aggregate Reconciliation Quantity invoiced in respect of those SLP customers for whom the relevant calculation period (“Reconciliation Period”) ends in the same month (“Reconciliation Month”), and shall be submitted after the end of the second month following the end of the month in which a Reconciliation Period ends (M+2 months) but no later than by the end of the third month following the end of the month in which that Reconciliation Period ended (M+3 months).
For performance periods from 1 October 2020 the following shall apply: If a Network Operator fails to submit to the Market Area Manager any Reconciliation Invoice (INVOIC message) which is due and still has not done so by M+5 months + 1 Business Day, the Market Area Manager shall charge a penalty which shall be payable by the Network Operator irrespective of whether the relevant Reconciliation Quantity is a Positive or a Negative Reconciliation Quantity.
For performance periods until 30 September 2020 the following shall apply: If a Network Operator fails to submit to the relevant Market Area Manager any Reconciliation Notice (SSQNOT message) which is due to be submitted and still has not done so by M+5 months + 1 Business Day, the Market Area Manager shall charge a penalty which shall be payable by the Network Operator irrespective of whether the relevant Reconcili- ation Quantity is a Positive or a Negative Reconciliation Quantity.
Where an Exit Network Operator has to correct a Reconciliation Quantity invoiced to a Shipper and where as a result of this correction the Reconciliation Quantities reported to the Market Area Manager need to be revised, the Network Operator shall submit a revised Reconciliation Notice to the Market Area Manager (with separate revised Reconciliation Notices to be submitted in respect of each Reconciliation Month affected).
Where the relevant Reconciliation Quantity is a negative quantity (a “Negative Reconciliation Quantity”), the Exit Network Operator shall provide to the Market Area Manager a self-billed Reconciliation Invoice for payment by the Exit Network Operator to the Market Area Manager.
Where the relevant Reconciliation Quantity is a positive quantity (a “Positive Reconciliation Quantity”), the Exit Network Operator shall issue an invoice (a “Reconciliation Invoice”) to the Market Area Manager for payment by the Market Area Manager to the Exit Network Operator.