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Template:GTMA Master Agreement 2004 5.2: Difference between revisions
Template:GTMA Master Agreement 2004 5.2 (view source)
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Amwelladmin (talk | contribs) (Created page with "{{gtmaprov|5.2}} '''{{gtmaprov|Accurate ECV Notification and Nomination}}''' <br> :{{gtmaprov|5.2.1}} Subject to clause {{gtmaprov|5.2.2}}, an "{{gtmaprov|Accurate ECV Notific...") |
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{{gtmaprov|5.2}} '''{{gtmaprov|Accurate ECV Notification and Nomination}}''' <br> | {{gtmaprov|5.2}} '''{{gtmaprov|Accurate ECV Notification and Nomination}}''' <br> | ||
:{{gtmaprov|5.2.1}} Subject to clause {{gtmaprov|5.2.2}}, an "{{gtmaprov|Accurate ECV Notification}}" means an {{gtmaprov|ECV Notification}} which states for a {{gtmaprov|Transaction}}:<br> | :{{gtmaprov|5.2.1}} Subject to clause {{gtmaprov|5.2.2}}, an "{{gtmaprov|Accurate ECV Notification}}" means an {{gtmaprov|ECV Notification}} which states for a {{gtmaprov|Transaction}}:<br> | ||
::(a) the {{gtmaprov|Settlement Period Volume}} to be taken into account as an {{gtmaprov|Energy Contract Volume}};<br> | ::(a) the {{gtmaprov|Settlement Period Volume}} to be taken into account as an {{gtmaprov|Energy Contract Volume}};<br>(b) the names of the Parties, identifying the {{gtmaprov|Party}} which is the {{gtmaprov|Seller}} as the seller and the {{gtmaprov|Party}} which is the {{gtmaprov|Buyer}} as the {{gtmaprov|Buyer}} (which may require specifying the {{gtmaprov|Settlement Period Volume}} as either positive or negative as it relates to each {{gtmaprov|Party}});<br>(c) the {{gtmaprov|Energy Account}} for each {{gtmaprov|Party}} for the {{gtmaprov|Transaction}}; and<br>(d) such other information as is required (including under the {{gtmaprov|Balancing and Settlement Code}}) for the {{gtmaprov|Settlement Period Volume}} stated in the {{gtmaprov|ECV Notification}} to be taken into account by the {{gtmaprov|Settlement Administration Agent}} in determining the respective {{gtmaprov|Account Energy Imbalance Volume}}s of the relevant {{gtmaprov|Energy Account}}s of the Parties for that {{gtmaprov|Settlement Period}}.<br> | ||
(b) the names of the Parties, identifying the {{gtmaprov|Party}} which is the {{gtmaprov|Seller}} as the seller and the {{gtmaprov|Party}} which is the {{gtmaprov|Buyer}} as the {{gtmaprov|Buyer}} (which may require specifying the {{gtmaprov|Settlement Period Volume}} as either positive or negative as it relates to each {{gtmaprov|Party}});<br> | |||
(c) the {{gtmaprov|Energy Account}} for each {{gtmaprov|Party}} for the {{gtmaprov|Transaction}}; and<br> | |||
(d) such other information as is required (including under the {{gtmaprov|Balancing and Settlement Code}}) for the {{gtmaprov|Settlement Period Volume}} stated in the {{gtmaprov|ECV Notification}} to be taken into account by the {{gtmaprov|Settlement Administration Agent}} in determining the respective {{gtmaprov|Account Energy Imbalance Volume}}s of the relevant {{gtmaprov|Energy Account}}s of the Parties for that {{gtmaprov|Settlement Period}}.<br> | |||
:{{gtmaprov|5.2.2}} If one {{gtmaprov|ECV Notification}} is used for 2 or more {{gtmaprov|Transaction}}s with common {{gtmaprov|Energy Account}}s, then an {{gtmaprov|ECV Notification}} which states:<br> | :{{gtmaprov|5.2.2}} If one {{gtmaprov|ECV Notification}} is used for 2 or more {{gtmaprov|Transaction}}s with common {{gtmaprov|Energy Account}}s, then an {{gtmaprov|ECV Notification}} which states:<br> | ||
::(a) the {{gtmaprov|Net Settlement Period Volume}} instead of the {{gtmaprov|Settlement Period Volume}};<br> | ::(a) the {{gtmaprov|Net Settlement Period Volume}} instead of the {{gtmaprov|Settlement Period Volume}};<br>(b) the {{gtmaprov|Net Seller}} instead of the {{gtmaprov|Seller}}; and<br>(c) the {{gtmaprov|Net Buyer}} instead of the {{gtmaprov|Buyer}}, <br>but which otherwise complies with clause 5.2.1 shall be an {{gtmaprov|Accurate ECV Notification}}.<br> | ||
(b) the {{gtmaprov|Net Seller}} instead of the {{gtmaprov|Seller}}; and<br> | :{{gtmaprov|5.2.3}} An "{{gtmaprov|Accurate ECV Nomination}}" means an {{gtmaprov|ECV Nomination}} which accurately states the information required for an {{gtmaprov|Accurate ECV Notification}} (having regard to the applicable procedures agreed in this respect by the Parties with the {{gtmaprov|ECV Notification Agent}}).<br> | ||
(c) the {{gtmaprov|Net Buyer}} instead of the {{gtmaprov|Buyer}}, <br> | |||
but which otherwise complies with clause 5.2.1 shall be an {{gtmaprov|Accurate ECV Notification}}.<br> | |||
:{{gtmaprov|5.2.3}} An "{{gtmaprov|Accurate ECV Nomination}}" means an {{gtmaprov|ECV Nomination}} which accurately states the information required for an {{gtmaprov|Accurate ECV Notification}} (having regard to the applicable procedures agreed in this respect by the Parties with the {{gtmaprov|ECV Notification Agent}}).<br> | |||