Template:GTMA Master Agreement 2004 6.4: Difference between revisions
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{{gtmaprov|6.4}} {{gtmaprov|No Fault Error Amounts}}<br> | {{gtmaprov|6.4}} '''{{gtmaprov|No Fault Error Amounts}}'''<br> | ||
If, in respect of any {{gtmaprov|Settlement Period}}, a {{gtmaprov|Grid Trade}} volume is incorrectly notified for any reason (other than for one or more of the reasons set out in clause {{gtmaprov|6.1}} in the case where only one of the {{gtmaprov|Parties}} is a {{gtmaprov|Non-Complying Party}}), then:<br> | If, in respect of any {{gtmaprov|Settlement Period}}, a {{gtmaprov|Grid Trade}} volume is incorrectly notified for any reason (other than for one or more of the reasons set out in clause {{gtmaprov|6.1}} in the case where only one of the {{gtmaprov|Parties}} is a {{gtmaprov|Non-Complying Party}}), then:<br> | ||
:{{gtmaprov|6.4.1}} each {{gtmaprov|Party}} shall owe to the other {{gtmaprov|Party}} an amount equal to half of the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be incurred by the other {{gtmaprov|Party}}; and<br> | :{{gtmaprov|6.4.1}} each {{gtmaprov|Party}} shall owe to the other {{gtmaprov|Party}} an amount equal to half of the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be incurred by the other {{gtmaprov|Party}}; and<br> | ||
:{{gtmaprov|6.4.2}} each {{gtmaprov|Party}} shall owe to the other {{gtmaprov|Party}} an amount equal to half of the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be payable to that {{gtmaprov|Party}}.<br> | :{{gtmaprov|6.4.2}} each {{gtmaprov|Party}} shall owe to the other {{gtmaprov|Party}} an amount equal to half of the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be payable to that {{gtmaprov|Party}}.<br> | ||
Latest revision as of 15:18, 16 July 2012
6.4 No Fault Error Amounts
If, in respect of any Settlement Period, a Grid Trade volume is incorrectly notified for any reason (other than for one or more of the reasons set out in clause 6.1 in the case where only one of the Parties is a Non-Complying Party), then:
- 6.4.1 each Party shall owe to the other Party an amount equal to half of the Deemed Imbalance Charges (if any) deemed to be incurred by the other Party; and
- 6.4.2 each Party shall owe to the other Party an amount equal to half of the Deemed Imbalance Charges (if any) deemed to be payable to that Party.