Daily Balancing Sample Clauses
The Daily Balancing clause establishes a process for reconciling and matching the quantities of goods, services, or financial transactions exchanged between parties on a daily basis. Typically, this involves each party providing daily reports or statements of activity, which are then compared to identify and resolve any discrepancies promptly. By requiring regular, systematic checks, the clause helps ensure accuracy in records, prevents the accumulation of errors, and facilitates timely adjustments, thereby reducing the risk of disputes and maintaining operational transparency.
Daily Balancing. The Company will provide and charge the Supplier for balancing service, which will be used to manage differences between the Company’s required daily Supplier delivery and the actual customer’s consumption. There will be an annual election each year for Suppliers whose Pool MDQ is greater than or equal to 1,000 Dth/day and less than 6,000 Dth/day to elect, on or before January 15th each year, either Rider FBS (Firm Balancing Service), Sheet No. 75 or Rider EFBS (Enhanced Firm Balancing Service), Sheet No. 74, to be effective on April 1st each year. With the exeption of Supplier Pools for process-only load, comprised entirely of customers whose loads are not weather dependent, Suppliers whose Pool MDQ is greater than or equal to 6,000 Dth/day shall receive service under Rider EFBS. A Supplier that receives service under Rider EFBS will be billed rates as set forth in Rider EFBS, Sheet No.
Daily Balancing. Each Day Shipper shall cause the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) to equal as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink. Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) is insufficient to support Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly increase its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink. Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) exceeds Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly reduce its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink. If Shipper does not promptly reduce its Daily delivery, LMM may cause such reduction in Shipper’s Daily delivery at whichever Receipt Point(s) LMM deems appropriate. Notwithstanding the foregoing, Shipper may request in writing the right to create a Daily Imbalance when necessary to counteract a prior Daily Imbalance. Whether such request will be granted is within the sole discretion of LMM.
Daily Balancing. Each Day Shipper shall cause the number of MMBtus of Gas being delivered at the Receipt Point(s) to equal as closely as practicable Shipper’s Scheduled Nomination(s) plus Fuel. Whenever the number of MMBtus of Gas being delivered at the Receipt Point(s) is insufficient to support Shipper’s Scheduled Nomination(s) plus Fuel, Shipper shall promptly decrease its daily Scheduled Nomination Whenever the number of MMBtus of Gas being delivered at the Receipt Point(s) exceeds Shipper’s Scheduled Nomination(s) plus Fuel, Shipper shall promptly increase Scheduled Nominations. If Shipper does not adjust such nomination, Gatherer may, in its sole discretion, decline such nomination if necessary to balance Shipper. Notwithstanding the foregoing, Shipper may request the right to create a daily imbalance when necessary to counteract a prior daily imbalance. Whether such request will be granted is within the sole discretion of Gatherer Notwithstanding anything to the contrary herein, Shipper will not be required to reduce the Scheduled Nomination below the number of MMBtus of Gas received by Gatherer less Fuel or increase the Scheduled Nomination above the number of MMBTU’s received by Gatherer less Fuel.
Daily Balancing. 1. The gas day is the balancing period for all quantities. The balancing group manager has a duty to match the inputs to with the offtakes from its balancing group in each balancing period.
2. Any difference between the inputs to and the offtakes from the balancing group during any given balancing period (energy imbalance) will be settled between the balancing group manager and the market area manager at the close of the balancing period. To this end the market area manager charges or pays energy imbalance charges in accordance with Article 22.
3. In addition to the daily balancing system, an hourly incentive system as defined by Article 24 is applied, in which all physical and virtual entry and exit points are accounted for on an hourly basis.
4. The gas quantities relevant for balancing purposes are derived from the following data:
a) Nominated quantities are generally contributed to the balance for the following points: Entry and exit points on market area borders Entry and exit points at cross-border interconnection points Entry points delivering gas from domestic production plants Virtual entry and exit points (VTP) Entry and exit points at storage facilities For these points the principle of “allocated as nominated” applies to all shippers and balancing group managers if these points are operated by the network operators based on the shipper’s nominations. If the point is operated by the shippers themselves, the quantities are determined based on meter values.
b) For all RLM exit points, only the measured quantities (“actual offtakes”) are contributed to the balance.
c) Standard load profiles are contributed to the balance for all exit points for which the network operator is obliged to develop and assign standard load profiles (“SLP exit points”) pursuant to Article 24 of the Gas Third Party Access Regulations (GasNZV). For balancing purposes the daily quantities of standard load profiles at SLP exit points are determined as outlined below: With the synthetic load profiling method, the daily load profile quantity is relevant, calculated on the previous day by applying the temperature projected. A 48-hour time lag applies in determining balancing group quantities using the analytical load profiling method: The allocation on day D corresponds to the load profile’s exit quantity of the day before last (D-2) determined by applying the actual temperature of the day before last (D-2). The market area manager is entitled and required to apply...
Daily Balancing. 2.7.1 Estimated operating quantities flowing at the Interconnection Point shall be used during any current period to determine the estimated Operational Imbalance at such Interconnection Point, with physical flow adjustments to be made during that current period to minimize the Operational Imbalance. Interconnector and SoCalGas shall cooperate in order to minimize the daily over- and under-deliveries. In this regard, Interconnector’s and SoCalGas’ Gas control and scheduling personnel shall be in contact each day in order to balance daily delivered quantities of Gas with Scheduled Quantities of Gas. For the purpose of this Agreement, delivery or receipt of any Gas to resolve an Operational Imbalance is not subject to transportation charges by either Party.
2.7.2 The actual measured quantity of Gas at the Interconnection Point each month shall be determined and communicated by SoCalGas by facsimile, electronic interface system, or in writing to Interconnector in accordance with NAESB Standard 2.
Daily Balancing. Each day Shipper shall cause the number of MMBtus of Gas being delivered at the Receipt Points to equal as closely as practicable Shipper’s Scheduled Nominations plus FLU. Whenever the number of MMBtus of Gas being delivered at the Receipt Points is insufficient to support Shipper’s Scheduled Nominations plus FLU, Shipper shall promptly decrease its daily Scheduled Nomination. Whenever the number of MMBtus of Gas being delivered at the Receipt Points exceeds Shipper’s Scheduled Nominations plus FLU, Shipper shall promptly increase Scheduled Nominations. If Shipper does not adjust such nomination, Gatherer may in its sole discretion, decline such nomination and/or shut-in production if necessary to balance Shipper. Notwithstanding the foregoing, Shipper may request the right to create a daily imbalance when necessary to counteract a prior daily imbalance. Whether such request will be granted is within the sole discretion of Gatherer.
Daily Balancing. Customers are provided a daily operating window under which the customer’s daily imbalance must be within plus or minus twenty-five percent (±25%) of transportation quantities scheduled for burn on that gas day, or 35,000 therms in Southern Nevada and 18,500 therms in Northern Nevada, whichever is greater. The daily imbalance is defined as the difference between the customer’s daily transportation quantities scheduled for burn and the customer’s daily metered quantity, including the effect of any adjustment for cycle billing. The daily operating window is subject to adjustment depending on upstream pipeline conditions, as well as operation pressures and flow rates on the Company’s system pursuant to Section 6.9.c. herein. November 10, 2009 November 1, 2009 WPD-6 Tariffs Page 2699 of 3291 WPD-6 Tariffs Page 2700 of 3291 WPD-6 Tariffs Page 2701 of 3291 Tariffs Page 2702 of 3291 Tariffs Page 2703 of 3291 Original 72 SCHEDULE NO. ST-1/NT-1 TRANSPORTATION OF CUSTOMER-SECURED NATURAL GAS
Daily Balancing. Each Day Shipper shall cause the number of MMBtu’s of Shipper’s Gas being delivered at the Receipt Points to equal as closely as practicable to Shipper’s Scheduled Nominations. Each Day Gatherer shall cause the number of MMBtus of Shipper’s Gas being delivered at the Delivery Points to Interconnecting Pipelines to equal as closely as practicable Shipper’s Gas received by Gatherer at the Receipt Points, *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. after subtracting FL&U. Whenever the Number of MMBtus of Shipper’s Gas being delivered at the Receipt Points exceeds Shipper’s estimated Actual Allocated Gas delivered at the Delivery Points plus FL&U, Gatherer shall promptly increase amount of Gas delivered to an Interconnecting Pipeline on Shipper’s behalf. In the event that Shipper’s Gas received by Gatherer at the Receipt Points, after subtracting FL&U equals or exceeds Shipper’s nominated quantities of Gas on Interconnecting Pipelines and the Gatherer does not deliver any or all of Shipper’s Gas to the Interconnecting Pipeline on Shipper’s behalf, and the Interconnecting Pipeline reduces Shipper’s nominated quantity of Gas at the Delivery Point, Gatherer shall waive the applicable Gathering Fee with respect to the total quantity of Shipper’s Gas received by Gatherer but not delivered to the Interconnecting Pipeline specified by Shipper.
Daily Balancing. 1. The balancing period for all quantity is the gas day. The balancing group manager shall ensure that there is balanced accounting during this balancing period.
2. The difference in gas quantity between the balance-relevant entry and exit quantities of gas during the balancing period will be invoiced by Aequamus as compensation en- ergy at the end of the balancing period. For this, Aequamus pays or receives compen- sation energy fees in accordance with Section 8.
3. In addition to the daily balancing system, there is also an hourly incentive system pur- suant to Section 10 by which all physical and virtual entry and exit points are analysed on an hourly basis.
4. Gas quantities relevant for balancing are derived from the following data:
a. Nominated quantities are normally considered as allocated quantities in the ac- counting for the following points: Entry and exit points on the border between market areas, Entry and exit points at border connection points, Entry points from domestic production facilities, Virtual entry and exit points, Entry and exit points at storage facilities. For these points, the principle "allocated as nominated" applies to all shippers and balancing group managers, provided these points are managed by the net- work operators on the basis of nominations by the shippers. If management is carried out by the shipper, metered data shall be relevant for accounting.
b. Only metered data (actual offtake) shall be relevant for balancing for consump- tion metered (RLM) exit points.
c. Standard load profiles shall be relevant for balancing for all exit points for which network operators are required to develop and apply standard load profiles ("SLP exit points") pursuant to Section 29 Gas Network Access Ordinance (GasNZV). The daily quantities of standard load profiles are relevant for balanc- ing for SLP exit points in accordance with the following system: For a synthetic standard load profile system, the daily quantity of the load profile resulting from the calculation based on the temperature forecast for the preceding day is relevant. For the determination of the quantity relevant for balancing in analytic standard load profile systems, there is a time-lag of 48 hours: For day D (the day of delivery), the exit quantity of the standard load profile on the day preceding the previous day (D-2) which is based on the actual tem- perature of the day preceding the previous day (D-2) is relevant for balanc- ing purposes. Aequamus...