Common use of Electricity Charge Clause in Contracts

Electricity Charge. (a) You must pay us for the electricity we supply to you under this contract in accordance with the Electricity Charges stated in the Electricity Charges Schedule. (b) The Electricity Charge will be adjusted on each anniversary of the Contract Start Date (“Adjustment Date”) in accordance the following formula: A = B x C D Where: A = the charges payable from and including the relevant Adjustment Date; B = the charges payable immediately before the relevant Adjustment Date; C = CPI last published before the Adjustment Date; and D = CPI last published before the Adjustment Date preceding the relevant Adjustment Date, except that in the case of the first Adjustment Date, D = CPI last published before the date of this Agreement.

Appears in 3 contracts

Samples: Agreement for Renewable Electricity Supply and Installation of Renewable Electricity Supply Equipment, Agreement for Renewable Electricity Supply and Installation of Renewable Electricity Supply Equipment, Agreement for Renewable Electricity Supply and Installation of Renewable Electricity Supply Equipment

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Electricity Charge. (a) You must pay us for the electricity we supply to you under this contract in accordance with the Electricity Charges stated in the Electricity Charges Schedule. (b) The Electricity Charge will be adjusted on each anniversary of the Contract Start Date (“Adjustment Date”) in accordance with the following formula: A = B x C D Where: = D A = the charges payable from and including the relevant Adjustment Date; B = the charges payable immediately before the relevant Adjustment Date; C = CPI last published before the Adjustment Date; and D = CPI last published before the Adjustment Date preceding the relevant Adjustment Date, except that in the case of the first Adjustment Date, D = CPI last published before the date of this Agreement.

Appears in 1 contract

Samples: Agreement for Renewable Electricity Supply and Installation of Renewable Electricity Supply Equipment

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Electricity Charge. (a) You must pay us for the electricity we supply to you under this contract in accordance with the Electricity Charges stated in the Electricity Charges Schedule. (b) The Electricity Charge will be adjusted on each anniversary of the Contract Start Date (“Adjustment Date”―Adjustment Date‖) in accordance with the following formula: A = B x C D Where: = D A = the charges payable from and including the relevant Adjustment Date; B = the charges payable immediately before the relevant Adjustment Date; C = CPI last published before the Adjustment Date; and D = CPI last published before the Adjustment Date preceding the relevant Adjustment Date, except that in the case of the first Adjustment Date, D = CPI last published before the date of this Agreement.

Appears in 1 contract

Samples: Agreement for Renewable Electricity Supply and Installation of Renewable Electricity Supply Equipment

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