Steering Difference definition

Steering Difference means the difference between the quantity of gas that the transmission system operators had scheduled to flow and the measured quantity for an interconnection point.

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Steering Difference has the meaning given in Section D paragraph 1.3 of the IUK Access Code;

Steering Difference means the difference between the quantity of gas that the transmission system operators schedule to flow and the measured quantity.

Examples of Steering Difference in a sentence

The CSO shall use reasonable endeavours to ensure that the Steering Difference is kept as close as possible to zero.
If this Agreement is terminated then (unless the Operators agree otherwise) the Operators will ensure gas flows before or at the time of termination such that any Cumulative Steering Difference at the time is restored to zero.
The Operators may agree to exclude the Cumulative Steering Difference Correction from the Agreed Target Quantity in respect of a Gas Flow Day in respect of which an Exceptional Event or a Gas Deficit Emergency has been notified.
To National Grid – Shift Representatives Fax No ▇▇▇▇(▇)▇▇▇▇▇▇▇▇▇▇ From GNI (UK) Ltd Telephone: + ▇▇▇ (▇)▇▇ ▇▇▇▇▇▇▇ Fax: + ▇▇▇ (▇)▇▇ ▇▇▇▇▇▇▇ No of pages Subject Steering Difference/Cumulative Steering Difference Date This Notice is given pursuant to paragraph 3.1 in Annex H of the Interconnection Agreement (GB – Ireland Interconnector) and relates to the operational balancing account.
If either Party (i) becomes insolvent or (ii) does not take such action as may be necessary to return such Cumulative Steering Difference to zero at the request of the other Party and/or (iii) on termination of this Agreement, the Party to which a quantity of gas must be delivered to restore the Cumulative Steering Difference to zero will be entitled to make a financial claim against the first Party in respect of the value of the gas comprising the Cumulative Steering Difference.

More Definitions of Steering Difference

Steering Difference has the meaning given in Section D paragraph 1.2 of the Interconnector Access Code;

Steering Difference means the difference between the quantity of gas that the system operators had scheduled to flow and the measured quantity for the Entry Point.

Steering Difference or “SD” shall mean, the difference between the Daily Metered Quantity at the end of Gas Day D and the Agreed Target Quantity for Gas Day D, and is:

Steering Difference means, in respect of any relevant period and any Connection Point, the amount by which the Quantity of Natural Gas physically delivered or redelivered in that period at that Connection Point (as measured in accordance with Section G) is greater than or less than the Aggregate Net Scheduled Quantity for that period and that Connection Point;

Steering Difference means the difference between the quantity of gas that the adjacent TSOs schedule to flow and the measured quantity. [INT 2(1)]

Steering Difference means the difference between Confirmed Quantities and the Metered Quantity for the IP Faxe.

Steering Difference means the difference between the quantity of gas that the TSOs schedule to flow and the actual measured flow.