Common use of Energy Charge Clause in Contracts

Energy Charge. 3.1 The Energy Charge for a Trading Period is calculated as follows: EC = CEC + ONC Where EC is the Energy Charge for the Trading Period CEC is the Contracted Energy Charge ONC is the Over Notification Charge 3.2 The Contracted Energy Charge for a Trading Period is calculated as follows: For all Trading Periods CEC = Min(VDN, MCE) * EPPt Where: VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh) determined in accordance with Clause 4.3.2; MCE is the Maximum Contracted Energy; EPPt is the Energy Purchase Price for that Trading Period calculated under Section 3.4 below. 3.3 The Energy Purchase Price for a Trading Period is calculated as follows: EPPt = EPP0 + MFIt Where EPP0 has the value € 33.25 /MWh, EPPt is the Energy Purchase Price in €/MWh applying in Payment Period t. MFIt is the Monthly Fuel Indexation adjustment, calculated subject to Section 6 of this Schedule. 3.4 The Over Notification Charge (ONC) for a Trading Period is calculated as follows: ONC = (Max(VDN – MCE, 0) * SST ) Where MCE is the Maximum Contracted Energy VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh); SST is the relevant VIPP Supplementary Supply Tariff appropriate to the relevant Trading Period, as defined in Section 4 below. 3.5 The Inter VIPP Trading rebate for a Trading Period is calculated as follows: For all Trading Periods ITR = VITn * Max((SST – EPPt),0) Where ITR is the Inter VIPP Trading rebate calculated for the Trading Period. VITn is the net of the valid VIPP Inter Trade advised for the Trading period. The maximum allowable value of VITn for any trading period is equal to the difference between the VDN and the MCE for that trading period, i.e. VITn cannot be greater than VDN – MCE for any trading period. SST is the VIPP Supplementary Supply Tariff as appropriate to the relevant Trading Period, as defined in Section 4 below.

Appears in 1 contract

Samples: Non Green Vipp3 Auction Agreement

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Energy Charge. 3.1 The Energy Charge for a Trading Period is calculated as follows: EC = CEC + ONC Where EC is the Energy Charge for the Trading Period CEC is the Contracted Energy Charge ONC is the Over Notification Charge 3.2 The Contracted Energy Charge for a Trading Period is calculated as follows: For all Trading Periods CEC = Min(VDN, MCE) * EPPt Where: VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh) determined in accordance with Clause 4.3.2; MCE is the Maximum Contracted Energy; EPPt is the Energy Purchase Price for that Trading Period calculated under Section 3.4 3.3 below. 3.3 The Energy Purchase Price for a Trading Period is calculated as follows: EPPt = EPP0 + MFIt Where EPP0 has the value € 33.25 /MWh42.90/MWh, EPPt is the Energy Purchase Price in €/MWh applying in Payment Period t. MFIt is the Monthly Fuel Indexation adjustment, calculated subject to Section 6 of this Schedule. 3.4 The Additional Charges are called the Over Notification Charge (ONC). Over Notification Charge (ONC) for a Trading Period is calculated as follows: ONC = (Max(VDN – MCE, 0) * SST STU ) + 100.00 *Num_days Where MCE is the Maximum Contracted Energy VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh); SST STU is the relevant VIPP Supplementary Supply Tariff Secondary Top-Up appropriate to the relevant Trading Period, as defined published by the SSA. Num_days is the number of days in Section 4 belowwhich the nomination exceeded the MCE. Note that each such incident counts as a breach of contract. 3.5 The Inter VIPP Trading rebate Suppliers, with a market ID ending in ‘J’, shall not register any of their customers for the WPDRS. Registration of VIPP customers to the WPDRS shall constitute a Trading Period is breach of the Agreement and, without prejudice to any other provision in the Agreement, shall give rise to a payment (which shall be due and owing and recoverable as a debt from the VIPP Supplier) calculated as follows: For WEC = WSP + 100.00 * N WEC WPDRS Energy Payment by VIPP Supplier to ESB WSP Sum of all Trading Periods ITR = VITn * Max((SST – EPPt),0) Where ITR is the Inter VIPP Trading rebate calculated for the Trading Period. VITn is the net of the valid VIPP Inter Trade advised for the Trading period. The maximum allowable value of VITn for any trading period is equal payments made to the difference between Supplier, arising from or in connection with, participation in the VDN and WPDRS that have not already been charged for under this Schedule previously N Number of customers participating in the MCE for that trading period, i.e. VITn cannot be greater than VDN – MCE for any trading period. SST is the VIPP Supplementary Supply Tariff as appropriate to the relevant Trading Period, as defined in Section 4 below.WPDRS

Appears in 1 contract

Samples: Non Green Vipp5 Auction Agreement

Energy Charge. 3.1 The Energy Charge for a Trading Period is calculated as follows: EC = CEC + ONC Where EC is the Energy Charge for the Trading Period CEC is the Contracted Energy Charge ONC is the Over Notification Charge 3.2 The Contracted Energy Charge for a Trading Period is calculated as follows: For all Trading Periods CEC = Min(VDN, MCE) * EPPt Where: VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh) determined in accordance with Clause 4.3.2; MCE is the Maximum Contracted Energy; EPPt is the Energy Purchase Price for that Trading Period calculated under Section 3.4 below. 3.3 The Energy Purchase Price for a Trading Period is calculated as follows: EPPt = EPP0 + MFIt Where EPP0 has the value € 33.25 30 /MWh, EPPt is the Energy Purchase Price in €/MWh applying in Payment Period t. MFIt is the Monthly Fuel Indexation adjustment, calculated subject to Section 6 of this Schedule. 3.4 The Over Notification Charge (ONC) for a Trading Period is calculated as follows: ONC = (Max(VDN – MCE, 0) * SST ) Where MCE is the Maximum Contracted Energy VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh); SST is the relevant VIPP Supplementary Supply Tariff appropriate to the relevant Trading Period, as defined in Section 4 below. 3.5 The Inter VIPP Trading rebate for a Trading Period is calculated as follows: For all Trading Periods ITR = VITn * Max((SST – EPPt),0) Where ITR is the Inter VIPP Trading rebate calculated for the Trading Period. VITn is the net of the valid VIPP Inter Trade advised for the Trading period. The maximum allowable value of VITn for any trading period is equal to the difference between the VDN and the MCE for that trading period, i.e. VITn cannot be greater than VDN – MCE for any trading period. SST is the VIPP Supplementary Supply Tariff as appropriate to the relevant Trading Period, as defined in Section 4 below.

Appears in 1 contract

Samples: Non Green Vipp2 Re Auction Agreement

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Energy Charge. 3.1 The Energy Charge for a Trading Period is calculated as follows: EC = CEC + ONC Where EC is the Energy Charge for the Trading Period CEC is the Contracted Energy Charge ONC is the Over Notification Charge 3.2 The Contracted Energy Charge for a Trading Period is calculated as follows: For all Trading Periods CEC = Min(VDN, MCE) * EPPt Where: VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh) determined in accordance with Clause 4.3.2; MCE is the Maximum Contracted Energy; EPPt is the Energy Purchase Price for that Trading Period calculated under Section 3.4 below. 3.3 The Energy Purchase Price for a Trading Period is calculated as follows: EPPt = EPP0 + MFIt Where EPP0 has the value € 33.25 33.75 /MWh, EPPt is the Energy Purchase Price in €/MWh applying in Payment Period t. MFIt is the Monthly Fuel Indexation adjustment, calculated subject to Section 6 of this Schedule. 3.4 The Over Notification Charge (ONC) for a Trading Period is calculated as follows: ONC = (Max(VDN – MCE, 0) * SST ) Where MCE is the Maximum Contracted Energy VDN is the VIPP Supplier’s VIPP Demand Notification for that Trading Period (in MWh); SST is the relevant VIPP Supplementary Supply Tariff appropriate to the relevant Trading Period, as defined in Section 4 below. 3.5 The Inter VIPP Trading rebate for a Trading Period is calculated as follows: For all Trading Periods ITR = VITn * Max((SST – EPPt),0) Where ITR is the Inter VIPP Trading rebate calculated for the Trading Period. VITn is the net of the valid VIPP Inter Trade advised for the Trading period. The maximum allowable value of VITn for any trading period is equal to the difference between the VDN and the MCE for that trading period, i.e. VITn cannot be greater than VDN – MCE for any trading period. SST is the VIPP Supplementary Supply Tariff as appropriate to the relevant Trading Period, as defined in Section 4 below.

Appears in 1 contract

Samples: Non Green Vipp3 Auction Agreement

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