Complementary Price for Cumulative Overbalancing Sample Clauses

Complementary Price for Cumulative Overbalancing. ‌ Each Day J, for each Balancing Zone Z, the Cumulative Imbalance Excess and the Cumulative Imbalance Deficit are subjected to a Complementary Price for Cumulative Overbalancing due by the Shipper to the Operator. Each Day J, for each Balancing Zone Z, the Complementary Price for Cumulative Overbalancing is equal to: CPDBC(J,Z) = PREF3(J,Z) x (EXBC(J,Z)+XXXX(J,Z)) Where: • CPDBC(J,Z) is the amount in EUR for the Day J and the Balancing Zone Z of the Complementary Price for Cumulative Overbalancing • PREF3(J,Z) is equal to the smaller value of either the Reference Price PREF1(J,Z) defined in sub-clause 7.2.1 multiplied by a coefficient 0.3 or the Reference Price PREF(J,Z) defined in sub-clause 7.2.2 multiplied by a coefficient 0.5 • EXBC(J,Z) is the Cumulative Imbalance Excess defined in sub-clause 7.1.2 • DEBC(J,Z) is the Cumulative Imbalance Deficit defined in sub-clause 7.1.2 However, if, for a Balancing Zone Z, all or part of the Cumulative Imbalance Excess (respectively of the Cumulative Imbalance Deficit), results from an event or a circumstance as described in sub-clause 13.2 of the General Terms and Conditions, or from an event or a circumstance as described in sub-clause13.1 of the General Terms and Conditions, or if the Operator is responsible for such event or circumstance, even where due to the application of clause 15 of the General Terms and Conditions, the Complementary Price for Cumulative Overbalancing is not due by the Shipper to the Operator for the considered quantity. However, application of the above paragraph is limited to the Day during which the event or circumstance occurring was notified by the Shipper to the Operator or by the Operator to the Shipper, as the case may be, and the day immediately following. It is expressly agreed that should the Operator provide an erroneous value for a Quantity Taken off or a Quantity Delivered, or does not provide such value, unless such provision or lack of provision is the fault of the Operator, the Operator is not responsible within the meaning of this paragraph.
Sample 1
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