Template:GTMA Master Agreement 2004 Deemed Imbalance Charges Definition: Difference between revisions

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(Created page with ""'''{{gtmaprov|Deemed Imbalance Charges}}'''" means, for a {{gtmaprov|Settlement Period}} and a {{gtmaprov|Party}}, the {{gtmaprov|Energy Imbalance Charges}} (expressed in ste...")
 
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:(a) what the {{gtmaprov|Energy Contract Volume}} of the {{gtmaprov|Party}} would have been in the relevant {{gtmaprov|ECV Notification}} if it had been an {{gtmaprov|Accurate ECV Notification}}, <br>
:(a) what the {{gtmaprov|Energy Contract Volume}} of the {{gtmaprov|Party}} would have been in the relevant {{gtmaprov|ECV Notification}} if it had been an {{gtmaprov|Accurate ECV Notification}}, <br>
minus:<br>
minus:<br>
:(b) the {{gtmaprov|Energy Contract Volume}} of the {{gtmaprov|Party}} specified in the relevant {{gtmaprov|ECV Notification}} (if any) made for that {{gtmaprov|Settlement Period}} or, otherwise, zero.
:(b) the {{gtmaprov|Energy Contract Volume}} of the {{gtmaprov|Party}} specified in the relevant {{gtmaprov|ECV Notification}} (if any) made for that {{gtmaprov|Settlement Period}} or, otherwise, zero;

Revision as of 15:15, 16 July 2012

"Deemed Imbalance Charges" means, for a Settlement Period and a Party, the Energy Imbalance Charges (expressed in sterling) that would be imposed on, or payable to, the Party under the Balancing and Settlement Code if the Party is deemed to be responsible for only one Account Energy Imbalance Volume (whether positive or negative) equal to:

(a) what the Energy Contract Volume of the Party would have been in the relevant ECV Notification if it had been an Accurate ECV Notification,

minus:

(b) the Energy Contract Volume of the Party specified in the relevant ECV Notification (if any) made for that Settlement Period or, otherwise, zero;