Settlement Agreement for Scotland means the agreement of that title, as nominated by the Authority for the purposes of this Section, prepared in accordance with, and comprising such matters as are set out in special condition I (The Settlement Agreement for Scotland) of each of the electricity distribution licences of SP Distribution Limited, Southern Electric Power Distribution plc, and Scottish Hydro-Electric Power Distribution Limited (and any other name by which any of thesecompanies come to be known).

Settlement Agreement for Scotland means the agreement of that title to be prepared in accordance with, and comprise such matters as are set out in, Condition 24 of Part V of the Scottish Generation, Transmission and Public Electricity Supply Licences.

Examples of Settlement Agreement for Scotland in a sentence

In so far as the licensee shall distribute or offer to distribute electricity within any area of Scotland or to the extent that the Settlement Agreement for Scotland may apply in respect of the activities of the distribution business, the licensee shall comply with the relevant provisions of the Settlement Agreement for Scotland.
Scottish Electricity Settlements Limited or its successor in title (or any agent thereof) and any person (or any agent thereof) who is a party to or complies with the Settlement Agreement for Scotland.
Subject to paragraphs 2 and 3, insofar as the licensee supplies or offers to supply electricity to any premises situated in Scotland, it shall become a party to and thereafter comply with the provisions of the Settlement Agreement for Scotland.
Scottish Electricity Settlements Limited (or any agent thereof) and generators which are parties to the Settlement Agreement for Scotland.
The licensee shall be a party to and shall comply with the provisions of the Settlement Agreement for Scotland.

More Definitions of Settlement Agreement for Scotland

Settlement Agreement for Scotland means the agreement of that title, as nominated by the Authority for the purposes of this condition, to be prepared in accordance with and comprise such matters as are set out in special condition I (The Settlement Agreement for Scotland) in each of the electricity distribution licences of SP Distribution Limited, and Scottish Hydro- Electric Power Distribution Limited (and any other name by which any of these companies come to be known) “STC” means the system operator – transmission owner code required to be in place pursuant to the transmission licence granted to the transmission licensees, as from time to time modified “System Operation Agreement” means the agreement known as the System Operation agreement and made between Scottish Hydro-Electric Plc and Scottish Power Plc and dated 1 June 1990, as amended or modified from time to time “GB system operator” means the holder for the time being of a transmission licence in relation to which licence the Authority or the Secretary of State, where appropriate, has issued a Section C (system operator standard conditions) Direction and where Section C of that transmission licence remains in effect (whether or not subject to any terms included in a Section C (system operator standardconditions) Direction or to any subsequent

Settlement Agreement for Scotland means the agreement of that title to be prepared in accordance with, and comprise such matters as are set out in, Condition 24 of Part V.

Settlement Agreement for Scotland has the meaning given to it in standard condition B8 (Settlement Agreement for Scotland).

Settlement Agreement for Scotland means the agreement of that title

Settlement Agreement for Scotland for the purposes of Section B only, has the meaning given in standard condition 8 (Settlement Agreement for Scotland).

Settlement Agreement for Scotland means the Settlement Agreement for Scotland, including all Service Requirements and Market Procedures (as therein defined) made under it;

Settlement Agreement for Scotland has the meaning given to it in the standard conditions of the Scottish Transmission Licence;