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.

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. INTERCONNECTION AGREEMENTS

Examples of Steering Difference in a sentence

• Current arrangements in respect of IPs are that User Agents submit allocations to National Grid NTS on behalf of NTS Users for both entry and exit which, in aggregate, equal the measured gas flow4.Within the INT Code, the default allocation rule is for the Adjacent TSOs to allocate gas to Users equal to their Nominated Quantities (commonly referred to as ‘allocate as nominate’) with the Steering Difference allocated to an Operational Balancing Account (OBA) between them.

• 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.

• For a Non-OBA Day (D) the Steering Difference for Day D shall be deemed to be zero.

• For the purposes of deciding whether the requirement in paragraph 3.1.1(a) is met in relation to a Day (D), the Cumulative Steering Difference for Day D shall be determined on the basis of the Measured Quantity for Day D as first determined (in accordance with the Measurement Provisions of the Interconnection Agreement) following the end of Day D; and that decision shall not be revised by reason of any subsequent revision to the Measured Quantity.

• Pursuant to the Matching Procedures and Rules as provided in Section C, the Steering Difference for an Interconnection Point in respect of a Day is the same as the equivalent quantity calculated by reference to IS Users' Interconnected System Nominations.

More Definitions of Steering Difference

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

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 the quantity of gas that the TSOs schedule to flow and the actual measured flow.

Steering Difference has the meaning given in Section D paragraph 1.2 of the IAC;

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.