Trading and Settlement Code definition

Trading and Settlement Code means the Trading and Settlement Codedeveloped pursuant to Section 9(1)(d) of the Act as from time to time, revised, amended, supplemented or replaced with the approval or at the instance of the Commission;

Trading and Settlement Code or “TSC” means the Single Electricity Market Trading and Settlement Code or any replacement thereof which sets out the rules for trading in electricity and settling energy imbalances and the responsibilities of parties to the code;

Trading and Settlement Code means the Trading and Settlement Code

Examples of Trading and Settlement Code in a sentence

• The Licensee shall ensure that the price components of all Commercial Offer Data submitted to the Single Market Operation Business under the Single Electricity Market Trading and Settlement Code, whether by the Licensee itself or by any person acting on its behalf in relation to a generation set for which the Licensee is the licensed generator, are cost-reflective.

• The Licensee shall become a party to the Single Electricity Market Trading and Settlement Code, and shall at all times remain a party to and comply with the Code, insofar as it is applicable to the Licensee in its capacity as an Electricity Supplier.

• The Licensee shall ensure that, in formulating and submitting Commercial Offer Data to the Single Market Operation Business in the Balancing Market under the Single Electricity Market Trading and Settlement Code (whether by the Licensee itself or by any person acting on its behalf in relation to a generation set for which the Licensee is the licensed generator), it acts so as to secure its compliance with the Balancing Market Principles Code of Practice.

• The Licensee shall ensure that, in formulating and submitting Commercial Offer Data to the Single Market Operation Business in the Balancing Market under the Single Electricity Market Trading and Settlement Code (whether by the Licensee itself or by any person acting on its behalf in relation to a Demand Side Unit for which the Licensee is the licensed supplier), it acts so as to secure its compliance with the Balancing Market Principles Code of Practice.

• The Licensee shall be a party to, and shall comply with the Trading and Settlement Code insofar as applicable to it.

More Definitions of Trading and Settlement Code

Trading and Settlement Code means a code of that name adopted by the Market Operator and approved by the Regulatory Authorities.

Trading and Settlement Code means the Trading and Settlement Code developedpursuant to Section 9(1)(d) (Functions of Commission) of the Act (and any Ministerial policy directions thereunder and S.I. No. 49 of 2000), as from time to time revised, amended supplemented or replaced with the approval or at the instance of the Commission;

Trading and Settlement Code or “T&SC” means the code of that name which sets out the rules and procedures for an electricity trading and settlement system for the SEM and any successor(s) or replacement(s) thereto (whether by way or regulation or other instrument) as may be amended, modified or replaced from time to time.

Trading and Settlement Code has the meaning given to it in Statutory Instrument No. 49 of 2000 entitled Electricity Regulation Act, 1999 (Trading Arrangements in Electricity) Regulations 2000;

Trading and Settlement Code means the code of that name which sets out the rules for the market settlement and the responsibilities of the parties to the code;

Trading and Settlement Code means the Trading and Settlement Code developed pursuant to Section 9(1)(d) (Functions of Commission) of the Act (and any Ministerial policy directions thereunder and S.I. No. 49 of 2000), as from time to time revised, amended supplemented or replaced with the approval or at the instance of the Commission.

Trading and Settlement Code means the Single Electricity Market Trading and Settlement Code as defined in the Licence; “Transmission Interface Arrangements” or “TIA” the transmission interface arrangements prepared by SONI and NIE pursuant to the Licence and the NIE Transmission Licence;