Carbon Adjustment. (a) For each Billing Period (or part thereof) that occurs after one or more Carbon Schemes or Carbon Taxes have commenced operation, AGL may, in its sole discretion, elect to increase the Energy Charge Rates by an amount equal to the Carbon Adjustment.
(b) If AGL:
i. elects to apply a Carbon Adjustment under clause 3.7(a) it will not pursue recovery of the direct costs it incurs in acquiring Carbon Permits or paying carbon adjustments to third parties under clauses 3.3 or 3.4 (without prejudice to AGL’s right to recover other costs associated with the Carbon Scheme or Carbon Tax under those clauses); and
ii. does not elect to apply a Carbon Adjustment under clause 3.7(a) it may pursue recovery of any costs it incurs as a result of that Carbon Scheme or Carbon Tax under clauses 3.3 or 3.4.
(c) If AGL has not notified the Customer of an election, then clause 3.7(a) will be deemed to apply. AGL may change its election at any time by Notice to the Customer.
Carbon Adjustment. In the event that energy is delivered from an alternate source or group of resources in accordance with Section 3(c) of this Confirmation and, such energy is not generated by and/or attributable to one or more CETA eligible facilities then the difference (in MWh) between the hourly allocated generation quantity and the e-Tag quantity or the quantity of energy (in MWh) delivered from any such alternate sources or group of resources, as the case may be, will be considered a delivery of energy other than from the Source and Purchaser’s sole and exclusive remedy shall be a reduction in the Contract Price by $15.00/MWh (“Carbon Adjustment”) for any such energy delivered and all other remedies are hereby waived.
Carbon Adjustment. (a) For each Billing Period (or part thereof) that occurs after one or more Carbon Schemes or Carbon Taxes have commenced operation, AGL may, in its sole discretion, elect to increase the Energy Charge Rates by an amount equal to the Carbon Adjustment.
(b) If AGL by Notice to the Customer: i. elects to apply a Carbon Adjustment under clause 3.6(a) it will not pursue recovery of the direct costs it incurs in acquiring Carbon Permits or paying carbon adjustments to third parties under clauses 3.3 or 3.5 (without prejudice to AGL’s right to recover other costs associated with the Carbon Scheme or Carbon Tax under those clauses); and
Carbon Adjustment. 6.1.1 The Service Provider shall set out in the Draft Monthly Payment Report submitted to the Authority in the second Month of the second and each subsequent Contract Year (and also in that Draft Monthly Payment Report submitted in accordance with Clause 56.14 (Payment for final Month of the Term) of this Contract any Carbon Adjustment arising during the previous Contract Year.
6.1.2 A Carbon Adjustment shall apply in the event that the Service Provider fails to comply with the Carriageways and Footways Carbon Model Target, Street Lighting Carbon Model Target or Powered Apparatus Energy Carbon Model Target set out in the Annual Investment Programme.
