Balancing Services Sample Clauses
The Balancing Services clause defines the obligations and procedures for maintaining the balance between supply and demand of electricity within a power system. It typically outlines the responsibilities of parties to provide or pay for services that help correct imbalances, such as frequency regulation or reserve power, and may specify how these services are procured and compensated. By establishing clear rules for balancing, this clause ensures system reliability and helps prevent outages or instability caused by mismatches in electricity supply and demand.
Balancing Services. If specified as applying in Section B of Part I (Individual Terms), this Agreement additionally governs the provision of Balancing Services by the Buyer to the Seller.
Balancing Services. [ ] Provisions of this Agreement on Balancing Services shall apply; or otherwise Provisions of this Agreement on Balancing Services shall not apply
Balancing Services. If specified as applying in Section B of Part I (Individual Terms), this Agreement additionally governs the provision of Balancing Services by the Buyer to the Seller.
1. Rodzaj Rozliczenia: Niniejsza umowa sprzedaży energii elektrycznej („Umowa”) reguluje:
(a) jeśli w Rozdziale A Części I (Warunki Indywidualne) wskazano Rozliczenie Fizyczne jako mające zastosowanie – zakup, sprzedaż, dostawę i odbiór Ilości Umownej energii elektrycznej od Sprzedającego na rzecz Kupującego, lub (b) jeśli w Rozdziale A Części I (Warunki Indywidualne) wskazano Rozliczenie Finansowe jako mające zastosowanie – wówczas niniejsza Umowa określa zobowiązanie każdej Stron do wypłaty na rzecz drugiej Strony ewentualnej Różnicy Cenowej, oraz zarówno w przypadku Rozliczenia Fizycznego jak i Rozliczenia Finansowego – zakup, sprzedaż, Dostawę i odbiór Ilości Umownej Certyfikatów od Sprzedającego na rzecz Kupującego.
Balancing Services. “Balancing” shall mean the agency service provided by BP for balancing as an individual counterparty as set forth below, with respect to managing the Counterparty’s Gas requirements and resulting financial outcome related to Gas nominations and actual deliveries. The financial outcome is the economic measure of excess or deficient Gas positions and the financial gains or losses generated from such Gas positions.
Balancing Services. Provider shall continuously monitor the gas volumes actually received and redelivered each month and shall notify Customer of any discrepancy between actual deliveries and Schedule Volumes. Provider shall actively work with Customer to manage and minimize imbalances. Any imbalance resulting from the failure of Provider to provide the Services hereunder shall be resolved by Provider at Provider's expense. Any imbalance resulting from the failure of Customer to properly schedule take away capacity Schedule I at a Delivery Point shall be resolved by Customer at Customer's expense.
Balancing Services. Seller shall operate the SCADA system serving the integrated systems and shall provide balancing services to Buyer with respect to Buyer’s system pursuant to the Power Purchase Agreement or, following the expiration thereof, Seller’s then-applicable tariffs.