Balancing Group definition

Balancing Group means, in accordance with article L.321-15 of the French Code de l’énergie and the Balance Responsible Entity Regulations, all means of power injection into and of power withdrawal from the transmission or distribution network the Balance Responsible Entity is responsible for.
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Balancing Group shall have the same meaning as balancing group in the English translation of the TCs;
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Balancing Group means a balancing group pursuant to Section 3 number 10a of the Energy Industry Act,
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Examples of Balancing Group in a sentence

  • Should the Balancing Responsible Entity of the Balancing Group have access to proper metering data for the relevant metering point, the Parties may request the latter to provide the Transmission System Operator with such metering data in accordance with the provisions of article C.18 of the Balance Responsible Entity Regulations.

  • Except as otherwise agreed herein, all other rights and obligations the Balancing Group Managers responsible for the Master Balancing Group and Subordinate Balancing Group linked in each case have under their respective Balancing Group Contracts shall remain unaffected.

  • The Market Area Manager shall forward this message to the Balancing Group Managers concerned without undue delay.

  • Each DAC Balancing Group must be linked with one or several FAC Balancing Groups.

  • The data series listed in section 1(3) above may be transferred to more than one Master Balancing Group on a pro-rata basis (“Pro Rata Apportionment”) in accordance with the Market Area Manager’s supplementary terms and conditions.

  • This Agreement shall not affect the right of the Balancing Group Manager responsible for the Subordinate Balancing Group to grant authorisations for the assignment of Entry and/or Exit Points to the Subordinate Balancing Group.

  • This Agreement shall terminate automatically if and once either of the Balancing Group Contracts governing the Master Balancing Group and Subordinate Balancing Group linked in each case comes to an end or becomes invalid.

  • Where a link between Balancing Groups is temporarily suspended, it will remain ineffective until the end of the gas day (on a rest- of-the-day basis) on which the Balancing Group Manager having registered the DAC Balancing Group in question and the Balancing Group Manager having registered the Balancing Group directly linked to that DAC Balancing Group received notice of the temporary suspension from the Market Area Manager in an electronically processable format.

  • Where in the course of any given month the Market Area Manager terminates a Balanc- ing Group with immediate effect and the Network Operator is not provided with an alter- native Balancing Group to which it can allocate the relevant quantities, the Network Op- erator shall have the right to eliminate these quantities from its Network Balancing Ac- count by making the corresponding additions/deductions, subject to documentation of this being submitted to the Market Area Manager.

  • The DAC Balancing Group affected in each case will be settled separately in the remaining hours of the relevant gas day falling after the point in time when the temporary suspension takes effect.


More Definitions of Balancing Group

Balancing Group means a group made up of one or more electricity market participants whose imbalances fall under the responsibility of a single balancing group responsible party;
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Balancing Group means a group of two or more balance responsible parties where one of the participants is selected to consolidate forecasts, submit and financially settle group imbalances with OST, in accordance with Applicable Laws, in particular the Provisional Balancing Rules;
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Balancing Group means a group of system users with respect to which the volume imbalances of the injection and off-take of natural gas are offset and calculated within a billing period;
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Related to Balancing Group

  • balancing means (in relation to the Network and any relevant period for balancing under the Network Code) taking such measures as may be available to the Licensee, in particular, measures:

  • SAP Group means SAP Parent and any of its Associated Companies.

  • User Group means (a) you; (b) any entity or individual that Stripe reasonably determines is associated with you; and (c) each of your and their Affiliates; that has entered into an agreement with Stripe (or an Affiliate of Stripe) under which Stripe or its Affiliate provides services.

  • Gas Balancing Agreement means any agreement or arrangement whereby any Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Mineral Interests in which any Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom.

  • banking group means the New Zealand business of the registered bank and its subsidiaries as required to be reported in group financial statements for the group’s New Zealand business under section 461B(2) of the Financial Markets Conduct Act 2013.