Sharing of reserves definition

Sharing of reserves means a mechanism in which more than one TSO takes the same reserve capacity, being FCR, FRR or RR, into account to fulfil their respective reserve requirements resulting from their reserve dimensioning processes;
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Sharing of reserves means a mechanism in which more than one TSO takes the same
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Sharing of reserves means a mechanism in which more than one TSO takes the same reserve capacity, being FCR, FRR or RR, into account to fulfil their respective reserve requirements resulting from their reserve dimensioning processes [SO GL] • since TSOs not always use their maximum procured capacity simultaneously, TSOs can share their reserves, reduce the total amount of balancing capacity within the two areas and save procurement costsTSO's procurement of balancing capacity Available CZC is a scarce resource and EB GL allows competition for CZC between SDAC and balancing capacity procurement. The correct allocation of CZC for balancing shall be based on a CZCA Optimisation Function (CZCAOF) The CBA calculates the market value of CZC [EB GL Art. 39] for day ahead market coupling and compares it with the calculated market value of CZC for the exchange of balancing capacity or sharing of reserves. CZC may be allocated for the exchange of balancing capacity or sharing of reserves if: > How to decide to allocate CZC for balancing Objective function for allocation of CZC:Maximisation of welfare surplus of the sum of the BC market and the SDAC Welfare surplus SDAC:Marginal value of CZC for balancing capacity [€/MW]• producer rent, consumer rent andMarginal value of CZC for trading [€/MW]• congestion income andWelfare surplus balancing capacity: Under pay-as-bid for BC:• consumer rent, and• if applicable congestion income Under pay-as-cleared for BC:• producer rent, consumer rent and Total available transmission capacity [MW]CZCA Optimisation Function Title IV
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Examples of Sharing of reserves in a sentence

  • Sharing of reserves between control areas in the Nordic LFC Block, while respecting the responsibility of each control area for operational security.

  • Sharing of reserves was one of the principles utilized in 2002-2003 when Nordic countries had an energy deficiency (N-H.

  • Exchange of balancing capacity between balancing areas may lead to a geographical location of the balancing capacity that differs from the dimensioning results for each area. Sharing of reserves which refers to a mechanism in which more than one TSO takes the same reserve capacity, being FRR or RR, into account to fulfil their respective reserve requirements resulting from their reserve dimensioning processes.

  • Sharing of reserves between control areas, while respecting the responsi- bility of each control area for operational security.

  • Colowyo is proposing no changes to the program specific to the Collom mining area.Use of Introduced SpeciesFor Collom area revegetation, the seed mix is comprised entirely of native species with the specific exceptions described below.

  • Notice of the board's intention to construct said sidewalk shall be given by the village clerk by publication of notice one time in a legal newspaper of general circulation in the village.

Related to Sharing of reserves

  • Sharing Ratio means, subject in each case to adjustments in accordance with this Agreement or in connection with Dispositions of Membership Interests, (a) in the case of a Member executing this Agreement as of the date of this Agreement or a Person acquiring such Member’s Membership Interest, the percentage specified for that Member as its Sharing Ratio on Exhibit A and (b) in the case of Membership Interests issued pursuant to Section 3.1, the Sharing Ratio established pursuant thereto; provided, however, that the total of all Sharing Ratios shall always equal 100%.

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Capital Account Record Date and "Income Account Record Date" shall mean the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Regular general election means the election held throughout the state on the first