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Flexibility mechanism
The UK's flexibility mechanism, also known as the flex, is operated by Transco (British Gas) to make sure the amount of gas in the pipeline remains more or less constant at all times. If the system goes out of balance, Transco uses the flex to balance the system by buying and selling gas based on bids and offers submitted by shippers.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
- Product:
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