Calculation of the Deemed Energy Payment. The Deemed Energy Payment shall be calculated as follows: Payment for electricity produced for the Billed Period shall be based on the Base Tariff. The Base Tariff shall be indexed on an annual basis, according to the formula in Section A4 below. The tariff shall be multiplied by the Net Energy deemed to be delivered during the Billing Period. The Deemed Energy Payment for the Billing period, from NamPower to the Seller, shall be: Deemed Energy Payment = Indexed Tariff x Deemed Net Energy for Billing Period.
Appears in 4 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
