Settlement FAQs

what is a grid settlement

by Louie Schmeler MD Published 2 years ago Updated 2 years ago
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In urban planning, the grid plan, grid street plan, or gridiron plan is a type of city plan in which streets run at right angles to each other, forming a grid.

Full Answer

What is the settlement with national grid?

On June 24, 2022, U.S. District Judge Joanna Seybert of the Eastern District of New York issued an order granting final approval to a $38.5 million settlement of the long-running abusive debt collection practices lawsuit filed by Lieff Cabraser against National Grid.

What is the National Grid class action lawsuit?

According to the National Grid class action lawsuit, these calls were made using an automatic dialing system and/or pre-recorded or artificial voice messages. Plaintiffs in the case claimed the National Grid automatic phone calls violated the TCPA, a federal law that protects consumers from unlawful telemarketing schemes.

How much did National Grid pay out for TCPA violation?

National Grid has agreed to pay out a settlement of $38.5 million as a result of the class action lawsuit Jenkins v. National Grid USA et al., 2:15-cv-01219 (E.D. N.Y. 2021) that claims the company violated the TCPA Act by calling customers on their cell phones without their consent.

Did you receive automated calls from National Grid?

The settlement applies to anyone in the U.S. who received automated calls on their cell phone from National Grid between March 9, 2011, and October 29, 2021. The prerecorded messages covered under the settlement include those that state:

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How do I know if the settlement applies to me?

The settlement applies to anyone in the U.S. who received automated calls on their cell phone from National Grid between March 9, 2011, and October 29, 2021. The prerecorded messages covered under the settlement include those that state:

How do I file a claim?

If you think you're included in the settlement, you can complete a claim form online or fill out a paper form. The emails National Grid sent out last month will have a Notice ID and Confirmation Code for you to use on your claim. However, you can still submit a claim even if you didn't receive a mailed or emailed notice about the settlement. All settlement claims must be submitted online or postmarked no later than May 12, 2022. Settlement payments are estimated to be between $50 and $150.

Claim

Emails about a class action settlement for National Grid in relation to TCPA are legitimate.

Origin

In January 2022, Google users looked to find out if an email for a proposed class action settlement for National Grid was a “scam or legit,” as readers often do after receiving such notices. The email had the subject line, “Notice of National Grid TCPA Settlement,” and linked to the website, NationalGridTCPASettlement.com.

How Energy Settlement is done?

The following diagram provides an overview of the key steps in the settlement process -

How many settlement periods are there?

The generation, transportation, and consumption of electricity is continuous but for the purpose of trading and settlement, electricity is considered to be generated, transported and consumed in half-hour chunks known as settlement periods – each day being broken up into 48 settlement periods; each settlement period being settled in isolation from settlement periods around it.

How does a supplier deal with a generator?

Suppliers then enter into bilateral contracts with Generators in advance to cover the basic minimum expected demand – known as ‘base-load’. This type of contract is called an “Over-The-Counter” (OTC) contract. Suppliers then buy electricity in Power Exchanges (like APX) to fine-tune their base-load volumes to meet the expected variation is demand on specific days (referred to adding ‘shape’ to base-load). This type of trade tends to be done closer to the time of delivery of electricity when possible causes of variations in demand are better known e.g. weather conditions, television schedules etc. Contracts can be struck up to an hour before the settlement period which the contract is for – this point in time is called the “Gate Closure” for the settlement period.

What is the term for the final physical notification of a gate closure?

This is called the Final Physical Notification (FPN).

Where is gas trading done?

Gas trading is done on a virtual trading point in the UK called the National Balancing Point (NBP) which plays a central role in daily balancing and serves as a virtual delivery point for gas. Shippers can procure gas by entering into bilateral contracts with producers, known as “Over-The-Counter” (OTC) contracts.

Who is responsible for purchasing gas from the wholesale market?

The gas shippers are responsible for purchasing gas from the wholesale market and for having contractual arrangements with the transporters to deliver gas to the customers’ premises. Suppliers are responsible for selling gas to customers and billing them for the gas consumed.

Who is responsible for balancing the electricity supply and demand?

The Electricity System Operator (National Grid) has the responsibility of balancing the system in real-time i.e. matching the supply and demand of electricity. The System Operator (Elexon) calculates the imbalance amount for each supplier i.e. the difference between the amount of electricity purchased by the supplier and the total demand of the supplier’s customers for a period of time (aka. the settlement period) and sends out the imbalance (aka. settlement) invoice to the suppliers.

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