Balancing item

Balancing item

Represents differences between the sum of the components of natural gas supply and the sum of the components of natural gas disposition. These differences may be due to quantities lost or to the effects of data reporting problems. Reporting problems include differences due to the net result of conversions off low data metered at varying temperature and pressure bases and converted to a standard temperature and pressure base; the effect of variations in company accounting and billing practices; differences between billing cycle and calendar period time frames; and imbalances resulting from the merger of data reporting systems that vary in scope, format, definitions, and type of respondents.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Energy
Category: Coal; Natural gas; Petrol
Company: EIA
Product:
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