Breach of Terms. 13.1 Sanction The Balancing Service Provider Shall pay Fingrid a sanction as described in sections 12.2.1 and 12.3.1. 13.2 Temporary exclusion of a Balancing Service Provider from the reserve market Fingrid has the right to temporarily exclude a Balancing Service Provider from the Balancing Energy and Balancing Capacity Market, if the Balancing Service Provider fails repeatedly without an acceptable reason to activate their Balancing Energy Bid in accordance with Fingrid’s order or otherwise breaches the terms and conditions in this document in spite of a written notice by Fingrid. The duration of the temporary exclusion is from one to three months depending on the nature of the violation. 13.3 Cancelling the Agreement In the event of a material breach of contract, Fingrid shall be entitled to terminate the Balancing Market Agreement as laid down in that contract or the Balancing Capacity Agreement as laid down in that contract.
Appears in 1 contract
Sources: Balancing Market Agreement
Breach of Terms. 13.1 14.1 Sanction The Balancing Service Provider Shall pay pays Fingrid a sanction as described in accordance with sections 12.2.1 12.2 and 12.3.1.
13.2 14.2 Temporary exclusion of a Balancing Service Provider from the reserve market Fingrid has the right to temporarily exclude a Balancing Service Provider from the Balancing Energy mFRR energy and Balancing Capacity mFRR capacity Market, if the Balancing Service Provider fails repeatedly without an acceptable reason to activate their Balancing Energy Bid in accordance accord- ance with Fingrid’s order activation or otherwise breaches the terms and conditions in this document in spite of a written notice by Fingrid▇▇▇▇▇▇▇. The duration of the temporary exclusion is from one to three months depending on the nature of the violation.
13.3 14.3 Cancelling the Agreement Agreement
14.4 In the event of a material breach of contract, Fingrid shall be entitled to terminate termi- nate the Balancing Market Agreement as laid down in that contract or the Balancing Capacity mFRR capacity Agreement as laid down in that contract.
Appears in 1 contract
Sources: Terms and Conditions for Providers of Manual Frequency Restoration Reserves (Mfrr)
Breach of Terms. 13.1 14.1 Sanction The Balancing Service Provider Shall shall pay Fingrid a sanction as described in sections 12.2.1 12.2 and 12.3.1.
13.2 14.2 Temporary exclusion of a Balancing Service Provider from the reserve market Fingrid has the right to temporarily exclude a Balancing Service Provider from the Balancing Energy mFRR energy and Balancing Capacity mFRR capacity Market, if the Balancing Service Provider fails repeatedly without an acceptable reason to activate their Balancing Energy Bid in accordance accord- ance with Fingrid’s order activation or otherwise breaches the terms and conditions in this document in spite of a written notice by Fingrid▇▇▇▇▇▇▇. The duration of the temporary exclusion is from one to three months depending on the nature of the violation.
13.3 14.3 Cancelling the Agreement In the event of a material breach of contract, Fingrid shall be entitled to terminate the Balancing Market Agreement as laid down in that contract or the Balancing Capacity Agreement as laid down in that contract.Agreement
Appears in 1 contract
Sources: Balancing Market Agreement
Breach of Terms. 13.1 14.1 Sanction The Balancing Service Provider Shall shall pay Fingrid a sanction as described in sections 12.2.1 12.2 and 12.3.1.
13.2 14.2 Temporary exclusion of a Balancing Service Provider from the reserve market Fingrid has the right to temporarily exclude a Balancing Service Provider from the Balancing Energy and Balancing Capacity Market, if the Balancing Service Provider fails repeatedly without an acceptable reason to activate their Balancing Energy Bid in accordance ac- cordance with Fingrid▇▇▇▇▇▇▇’s order or otherwise breaches the terms and conditions in this document in spite of a written notice by Fingrid▇▇▇▇▇▇▇. The duration of the temporary exclusion is from one to three months depending on the nature of the violation.
13.3 14.3 Cancelling the Agreement In the event of a material breach of contract, Fingrid shall be entitled to terminate the Balancing Market Agreement as laid down in that contract or the Balancing Capacity Agreement as laid down in that contract.
Appears in 1 contract
Sources: Balancing Market Agreement
Breach of Terms. 13.1 14.1 Sanction The Balancing Service Provider Shall shall pay Fingrid a sanction as described in sections 12.2.1 12.2 and 12.3.1.
13.2 14.2 Temporary exclusion of a Balancing Service Provider from the reserve market Fingrid has the right to temporarily exclude a Balancing Service Provider from the Balancing Energy and Balancing Capacity Market, if the Balancing Service Provider fails repeatedly without an acceptable reason to activate their Balancing Energy Bid in accordance ac- cordance with Fingrid’s order or otherwise breaches the terms and conditions in this document in spite of a written notice by Fingrid. The duration of the temporary exclusion is from one to three months depending on the nature of the violation.
13.3 14.3 Cancelling the Agreement In the event of a material breach of contract, Fingrid shall be entitled to terminate the Balancing Market Agreement as laid down in that contract or the Balancing Capacity Agreement as laid down in that contract.
Appears in 1 contract
Sources: Balancing Market Agreement
Breach of Terms. 13.1 14.1 Sanction The Balancing Service Provider Shall shall pay Fingrid a sanction as described in sections 12.2.1 12.2 and 12.3.1.
13.2 14.2 Temporary exclusion of a Balancing Service Provider from the reserve market Fingrid has the right to temporarily exclude a Balancing Service Provider from the Balancing Energy and Balancing Capacity Market, if the Balancing Service Provider fails repeatedly without an acceptable reason to activate their Balancing Energy Bid in accordance ac- cordance with Fingrid’s order or otherwise breaches the terms and conditions in this document in spite of a written notice by Fingrid. The duration of the temporary exclusion is from one to three months depending on the nature of the violation.
13.3 14.3 Cancelling the Agreement In the event of a material breach of contract, Fingrid shall be entitled to terminate the Balancing Market Agreement as laid down in that contract or the Balancing Capacity Agreement as laid down in that contract.
1. Determination of compensation on the Balancing Capacity Market
Appears in 1 contract
Sources: Balancing Market Agreement
Breach of Terms. 13.1 14.1 Sanction The Balancing Service Provider Shall shall pay Fingrid a sanction as described in sections 12.2.1 12.2 and 12.3.1.
13.2 14.2 Temporary exclusion of a Balancing Service Provider from the reserve market Fingrid has the right to temporarily exclude a Balancing Service Provider from the Balancing Energy and Balancing Capacity Market, if the Balancing Service Provider fails repeatedly without an acceptable reason to activate their Balancing Energy Bid in accordance ac- cordance with Fingrid▇▇▇▇▇▇▇’s order activation or otherwise breaches the terms and conditions in this document in spite of a written notice by Fingrid▇▇▇▇▇▇▇. The duration of the temporary exclusion is from one to three months depending on the nature of the violation.
13.3 14.3 Cancelling the Agreement In the event of a material breach of contract, Fingrid shall be entitled to terminate the Balancing Market Agreement as laid down in that contract or the Balancing Capacity Agreement as laid down in that contract.Agreement
Appears in 1 contract
Sources: Balancing Market Agreement