Balancing and Settlement Code definition

Balancing and Settlement Code or “BSC” means the Balancing and Settlement Code maintained pursuant to the NETSO Licence (including any and all subsidiary documents and procedures made under it);

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Balancing and Settlement Code means the document, as modified from time to time, setting out the electricity balancing and settlement arrangements designated by the Secretary of State and adopted by The National Grid Company plc (Registered No. 2366977) or its successor pursuant to its transmission licence.

Balancing and Settlement Code means such code as may be developed by the State Load Despatch Centre and approved by the Commission for the balancing of energy accounts and settlement of differences between energy scheduled and actual energy among the users of the grid in the State of Maharashtra;

Examples of Balancing and Settlement Code in a sentence

Subject to the provisions for earlier termination set out in the CUSC, this Bilateral Embedded Generation Agreement shall continue until all of the User's equipment [or Equipment for which the User is responsible (as defined in Section K of the Balancing and Settlement Code] is Disconnected from the relevant Distribution System at the site[s] of Connection as provided in Section 5 of the CUSC.
Provided that for carrying out balancing and settlement of energy and demand at all entry and exit points relating to open access agreements, the APTRANSCO, PDCL and Open Access Users shall strictly adhere to the Balancing and Settlement Code in force.
For Asset Point Metering, the Provider will ensure compliance with the following metering standards set out within the most recent published relevant Balancing and Settlement Code of Practice Eleven: code of practice for the metering of balancing services assets for settlement purposes: • the metering ‘accuracy requirements’; • the ‘asset meter calibration test certification’; • the ‘limits of error’; • the ‘sealing’ requirements.
Whenever such a change occurs, the User may serve upon the Company a notice setting out the change to the Balancing and Settlement Code and the consequent amendments to the Agreement which it believes are required.
The meter must have an associated export MPAN and be registered under the Balancing and Settlement Code.

More Definitions of Balancing and Settlement Code

Balancing and Settlement Code means the code of that name established under the NGET Transmission Licence;

Balancing and Settlement Code means such Code as may be stipulated by the Commission, or by the SLDC with the approval of the Commission, for the balancing of energy accounts and settlement of differences among the users of the grid in the State of Bihar

Balancing and Settlement Code or “BSC” means the document of that name, as amended from time to time, setting out electricity balancing and settlement arrangements in Great Britain;

Balancing and Settlement Code means such code as may be specified by the Commission for the balancing of energy/demand accounts and settlement of differences between schedule and actual energy/demand among the users of the grid in the State.

Balancing and Settlement Code means the document, as modified from time to time, setting out electricity, balancing and settlement arrangements established by NGC pursuant to its transmission licence;

Balancing and Settlement Code means the legal document that defines the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Great Britain.

Balancing and Settlement Code means the code

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