>  Term: balancing penalty
balancing penalty

A daily or monthly penalty assessed on the difference between volumes tendered and volumes received by the shipper. The purpose of balancing penalties is to prevent a shipper from tying up storage and line pack with excess deliveries of transportation gas, or from depleting storage and line pack by taking more gas off the system than it delivers, both of which disrupt other sales and transportation services.

0 0

작성자

  • JJD
  •  (Gold) 2369 포인트
  • 100% positive feedback
© 2024 CSOFT International, Ltd.