Flexibility Service definition

Flexibility Service means the applicable Balancing Service;

Flexibility Service. , means an Additional Service defined as per the TIRG, for which the Operating Company makes available on Day D: (i) to the Users a Redelivery Program Variation and (ii) to the Transport System Users, a Gas exchange at PSV for the same Day D and/or for Day D+1. The Operating Company also indicates the constraints within which the Compensation Period ("CP") can be defined, namely the times and quantities to: (i) compensate the Redelivery Program Variation to its Users and /or (ii) compensate the Gas exchange at the PSV with the Transport System Users

Flexibility Service means a service that permits, in a cost-effective way, to reduce the need to increase or replace the throughput capacity of the network by expanding the electricity market, among others, to producers of electricity from renewable sources, to distributed producers, to market participants participating in demand response, to undertakings operating energy storage activities, to providers of reserve capacity required for system management and to aggregators;

Flexibility Service means the services to be provided by the Flexibility Service Provider to the Company under contract which give the Company the ability to manage the load at a specific point of the Network at certain points in time; “Flexible Unit” means one or more Energy Resources that are aggregated, regarded as a single entity, and meteredon a single metering output and, as such, is providing a flexibility service; “Grace Factor” the percentage of under delivery below 100% for which renumeration of 100% will be applied, relevant both to utilisation and availability performance at the Company’s discretion; “Metered MW” means the actual metered MW value of the Flexible Unit at the minute in question. A Demand asset is represented by a negative number with a generation asset a positive number; “Metered Time Period” the time period used in the payment calculations, this will either be minute by minute or 30-minute granularity; “Peak Reduction Service” a flexibility service where FSPs commit to reduce their highest demand peaks during pre-contracted windows; “Turnup/Turndown Service” flexibility services that require FSPs to change their energy import or export behaviour during pre- scheduled windows or in response to a Utilisation Instruction; “Utilisation Event” or “Utilisation Period” means a utilisation request to deliver flexibility services, inclusive of a specified start and end time; “Utilisation Instruction” means an instruction by the Company to the FSP to deliver Flexibility Services; “Utilisation Payment” the amount payable by the Company to the Provider for the utilisation of any Flexibility Service; “Utilisation Performance” means the calculated performance per utilisation event after any factors have been applied; “Utilisation Price” means the contracted fee £/MWh in respect of utilisation; “Utilised MW” means the MW value instructed within a Utilisation Event; (Represented by a positive number for a demand reducer / generation increase asset and a negative number for a demand increase/generation reduction asset; Performance Multiplier the factor by which any percentage of under delivery below the grace factor will be multiplied by in order to calculate payable delivery;

Flexibility Service. , means an Additional Service defined as per the TIRG, for which the Operating Company makes available on Day D: (i) to the Users a Redelivery Program Variation

Flexibility Service a service allowing Shippers to benefit from Daily Send-Out flexibility around the Reference Send-Out, in accordance with paragraph 8.1 of the General Terms and Conditions. Flexibility: range of possible Daily Send-Outs determined in accordance with paragraph 8.1 of the General Terms and Conditions. French Energy Regulation Commission (CRE): independent administrative authority organised in particular by Title III of Book I of the French Energy Code. Gas Offtake: offtake in kind referred to in Paragraph 11.5 of the General Terms and Conditions. Gas Restitution: restitution in kind referred to in Paragraph 11.6 of the General Terms and Conditions. GPMM: Grand Port Maritime de Marseille, where the Terminal is located Gross Calorific Value (GCV): quantity of heat, expressed in kWh, that would be released by complete combustion at the pressure of 1.01325 bar of one m³(n) of dry gas under real conditions (volumetric GCV) or one kilogram of dry gas (mass GCV) in the air, with all of the combustion products being considered at the same temperature of 25 °C and at the same pressure of 1.01325 bar as those of the reacting bodies (the dry gas and the air) both in gaseous state, with the exception of the combustion water, which is considered in liquid state. Hour: a period of 60 (sixty) consecutive minutes beginning and ending on the hour. IGC Code (International Gas Code): international compendium of rules relating to the construction and equipment of vessels that carry liquefied gases in bulk and its amendments in force. International Maritime Organization (IMO): specialised agency of the United Nations responsible for the safety and security of transportation, and the prevention of marine pollution by ships. Inventory Extension Option: option enabling a Shipper having unloaded a Cargo during Month M-1 to benefit from a positive Shared Stock Level at the end of Month M, provided that he has subscribed truck or micro-methane vessel loading capacity on Month M+1, in accordance with the rules defined in paragraph 1.3 of Appendix 6 ; the total quantity of energy, expressed in MWh (GCV), available under the Inventory Extension Option is annually set by the Operator and published on its website. Invoicing Period: designates the Period of Validity, when this is less than one year. When the Period of Validity is greater than or equal to one year, it designates a period of one year starting on the Service Start Date, or its anniversary date, except for the last year of the P...

Flexibility Service a service allowing Shippers to benefit from Daily Send-Out flexibility around the Reference Send-Out, in accordance with paragraph 8.1 of the General Terms and Conditions. Flexibility: range of possible Daily Send-Outs determined in accordance with paragraph 8.1 of the General Terms and Conditions. French Energy Regulation Commission (CRE): independent administrative authority organised in particular by Title III of Book I of the French Energy Code. Gas Offtake: offtake in kind referred to in Paragraph 11.5 of the General Terms and Conditions. Gas Restitution: restitution in kind referred to in Paragraph 11.6 of the General Terms and Conditions. GPMM: Grand Port Maritime de Marseille, where the Terminal is located Gross Calorific Value (GCV): quantity of heat, expressed in kWh, that would be released by complete combustion at the pressure of 1.01325 bar of one m³(n) of dry gas under real conditions (volumetric GCV) or one kilogram of dry gas (mass GCV) in the air, with all of the combustion products being considered at the same temperature of 25 °C and at the same pressure of 1.01325 bar as those of the reacting bodies (the dry gas and the air) both in gaseous state, with the exception of the combustion water, which is considered in liquid state. Hour: a period of 60 (sixty) consecutive minutes beginning and ending on the hour. IGC Code (International Gas Code): international compendium of rules relating to the construction and equipment of vessels that carry liquefied gases in bulk and its amendments in force. International Maritime Organization (IMO): specialised agency of the United Nations responsible for the safety and security of transportation, and the prevention of marine pollution by ships. Invoicing Period: designates the Period of Validity, when this is less than one year. When the Period of Validity is greater than or equal to one year, it designates a period of one year starting on the Service Start Date, or its anniversary date, except for the last year of the Period of Validity when it refers to the period between the anniversary of the Service Start Date and the Contract Expiry Date. kWh (GCV): quantity of dry natural gas for which the complete combustion at the pressure of 1.01325 bar in dry air would produce a quantity of heat of one kWh, with all of the combustion products being returned to the same temperature of 25 °C and to the same pressure of 1.01325 bar as that of the reacting bodies (the dry gas and the air), both in gaseous state...

Flexibility Service by DSOs means a service necessary for DSO to manage local congestion or to improve efficiencies in the operation and development of the distribution system, provided by flexibility resources; this could be considered as: non-frequency ancillary services (inter alia: voltage control), local congestion management services, and grid capacity management services.

Flexibility Service means a service performed by the Participant to increase its electricity demand from the Network from either generation curtailment and/or load shift, to be performed on the dates and times set out in the Events Schedule. Flexibility Target means the ‘Flexibility Target’ stipulated in the Details Schedule.