Balancing Mechanism means the balancing mechanism operated at the Agreement Date by the Transmission System Operator and designed to balance supply and demand for electricity in real time on the national electricity transmission system, and shall include any substitute or equivalent mechanism or arrangements;
Balancing Mechanism. “Black Start”; “Contract Year”; “CPC Compensation Shortfall”; “Curtailment”; “Curtailment Compensation”; “Curtailment Compensation Anniversary”; “Curtailment Compensation Excess”; “Curtailment Compensation Shortfall”; “Defined Curtailment Compensation”; “Defined Partial Curtailment Compensation”; “Emergency De-energisation Instruction”; “Imbalance Charge”; “Partial Curtailment”; “Partial Curtailment Compensation”; “Partial Curtailment Compensation Excess”; “Partial Curtailment Compensation Shortfall”; “Preliminary Annual QCPC Report”; “Qualifying CPC Event”; “Qualifying Curtailment”; “Qualifying Partial Curtailment”; and “Revised Annual QCPC Information”; and, if such definitions are so disapplied, any reference to any of the foregoing definitions in any other definition shall be disregarded.
Balancing Mechanism means the mechanism for the making and acceptance of offers and bids to increase or decrease the quantities of electricity to be delivered to, or taken off, the total system at any time or during any period so as to assist the system operator in coordinating and directing the flow of electricity onto and over the national electricity system and balancing the national electricity system pursuant to the arrangementscontained in the BSC; “Notified Electricity Generation” means the intended level of generation notified by the licensee to the system operator for a period pursuant to the notification arrangements established by BETTA and the BSC; “Relevant Arrangements” means arrangements entered into by the licensee and the system operator within the Balancing Mechanism, and the entering of such arrangements shall include the making of a bid by the licensee whether or not that bid is accepted by the system operator; “Transmission Constraint” means any limit on the ability of the National Electricity Transmission System, or any part of it, to transmit the power supplied onto the National Electricity Transmission System to the location where the demand for that power is situated, such limit arising as a result of factors such as:
Examples of Balancing Mechanism in a sentence
However, as payment for such actions are administered through the CUSC and are consequently not open to the ‘pay as bid’ approach of the Balancing Mechanism, such actions will be treated as an unpriced.
Balancing Mechanism Offers and Bids:These are commercial services offered by generators and suppliers and procured through arrangements set out in Paragraph 5.1, Section Q of the Balancing and Settlement Code.
Part B sets out the broad definitions of Balancing Services, the general principles we expect to follow in procuring such services, the relationship between various Balancing Services and a description of actions that will be taken outside of the Balancing Mechanism (BM).
At present these actions are taken in the Balancing Mechanism in the form of bids, and also via ancillary services, such as Pre-Gate Closure Balancing Mechanism Unit Transactions (PGBTs).
We shall be responsible for making a forecast of ‘GB National Demand’ and ‘GB Transmission System Demand’ (as defined in the Grid Code) and the periodic release of these forecasts to the Balancing Mechanism Reporting Agent (BMRA) in accordance with the timetable specified in the BC1, Appendix 2 of the Grid Code.
More Definitions of Balancing Mechanism
Balancing Mechanism means the mechanism for the making and acceptance of offers and bids pursuant to the arrangements contained in the BSC and referred to in paragraph 2(a) of standard condition C3 (Balancing and Settlement Code).
Balancing Mechanism means the mechanism for the making and acceptance of offers and bids to increase or decrease the quantities of electricity to be delivered to, or taken off, the total system at any time or during any period so as to assist the system operator in coordinating and directing the flow of electricity onto and over the national electricity system and balancing the national electricity system pursuant to the arrangements contained inthe BSC;“Expiry Date”means 15 July 2017;“Generating Unit”means any apparatus which produces electricity; “National ElectricityT ransmission System”means the system consisting (wholly or mainly) of high voltage electric lines owned or operated by transmission licensees within Great Britain, in the territorial sea adjacent to Great Britain and in any Renewable Energy Zone and used for the transmission of electricity from one generating station to a sub-station or to another generation station or between sub- stations or to or from any interconnector and includes any electrical plant or meters owned or operated by any transmission licensee within Great Britain, in the territorial seaadjacent to Great Britain and in any Renewable Energy Zone in connection with the transmission of electricity;“Notified ElectricityGeneration”means the intended level of generation notified by the licenseeto the system operator for a period pursuant to the notification
Balancing Mechanism means the mechanism for the making and acceptance of
Balancing Mechanism means the mechanism by the distribution licensee to facilitate the shipping licensees to balance its gas flow to ensure the system’s Linepack is within the limits set by the distribution licensee;
Balancing Mechanism means a mechanism used by the system operator to balance the supply and demand of electricity in real time on the power system by cost effective dispatching of generation and demand
Balancing Mechanism means the platform for the settlement of
Balancing Mechanism means the arrangements for the submission of Physical Notifications and the offer and acceptance of Bids and Offers as described in Section Q of the BSC and BC1 and BC2 of the Grid Code (as to be amended under paragraph C2).