TRAS definition
Examples of TRAS in a sentence
The TRAS may provide it to other energy suppliers (where you have an energy account with them) or to Ofgem and other industry bodies in accordance with agreed industry processes in order to identify fraud and detect energy theft.
If we suspect or confirm that you have committed energy theft a record of this will be kept by us and the TRAS which may include sensitive personal information about alleged criminal offences you havebeen accused of.
If we suspect that you or someone else has interfered with your gas or electricity meter or stolen gas or electricity we will share this information with the industry appointed Theft Risk Assessment Services Fraud Prevention Agency (TRAS), who will use that information to check databases they hold and may provide information to us to help identifyfraud and energy theft.
Payment period for Sale in other market segments such as TRAS and others shall be as per applicable regulations.
The Nodal Agency shall further sell this power through bilateral tie ups, bidding in Power exchange {High Price Day Ahead Market (HP-DAM)/ High Price Term Ahead Market (HP- TAM) or other segment of any of the power exchange(s)} and shortfall Tertiary Reserve Ancillary Services (TRAS) or through any other market segments as per the provisions of this agreement and RFS including amendments/corrigendum if any or instruction received from NLDC.
This shall be applicable only for bilateral/Market transaction and not under TRAS.
We subsequently issued a direction requiring the establishment of the Theft Risk Assessment Service (TRAS).
The aim of the TRAS is to assist suppliers’ efforts in detecting theft by using data analytics to profile the risk of theft at given premises.
With bank transfers, payment is timely made when ON- TRAS' transfer order is received by the bank prior to expiration of the payment deadline; ONTRAS shall not be responsible for delays by banks participating in the payment process.
These schedules formed that basis on which the service was procured, with the TRAS contract being a tripartite agreement between DCUSA Ltd, SPAA Ltd, and the TRAS provider - Experian.