Common use of FUEL PRICE ADJUSTMENT Clause in Contracts

FUEL PRICE ADJUSTMENT. A benchmark price for diesel fuel will be established on the closing date for the tender, Tuesday, August 23, 2022 based on the price posted by the Island Regulatory and Appeals Commission on that date. At the completion of the contract, the Department will apply the calculated monthly price adjustment as outlined in the Table below to the Contractor’s invoices for each appropriate month. These adjustments will be based on the monthly retail price of diesel fuel for Charlottetown as established by XX Xxxxx & Associates. % Fuel Increase or Decrease Price Change +/- Unit bid price per tonne - Schedule “C” 10.1 - 15.0 2% 15.1 - 20.0 4% 20.1 - 25.0 6% 25.1 - 30.0 8% 30.1 - 35.0 10% 35.1 - 40.0 12% 40.1 - 45.0 14% 45.1 - 50.0 16%

FUEL PRICE ADJUSTMENT. A benchmark price for diesel fuel will be established on the closing date for the tender, TuesdayThursday, August 23September 3, 2022 2020 based on the price posted by the Island Regulatory and Appeals Commission on that date. At the completion of the contract, the Department will apply the calculated monthly price adjustment as outlined in the Table below to the Contractor’s invoices for each appropriate month. These adjustments will be based on the monthly retail price of diesel fuel for Charlottetown as established by XX Xxxxx & Associates. % Fuel Increase or Decrease Price Change +/- Unit bid price per tonne - Schedule “C” 10.1 - 15.0 2% 15.1 - 20.0 4% 20.1 - 25.0 6% 25.1 - 30.0 8% 30.1 - 35.0 10% 35.1 - 40.0 12% 40.1 - 45.0 14% 45.1 - 50.0 16%

FUEL PRICE ADJUSTMENT. A benchmark price for diesel fuel will be established on the closing date for the tender, TuesdayThursday, August 23September 5, 2022 2019 based on the price posted by the Island Regulatory and Appeals Commission on that date. At the completion of the contract, the Department will apply the calculated monthly price adjustment as outlined in the Table below to the Contractor’s invoices for each appropriate month. These adjustments will be based on the monthly retail price of diesel fuel for Charlottetown as established by XX Xxxxx & Associates. % Fuel Increase or Decrease Price Change +/- Unit bid price per tonne - Schedule “C” 10.1 - 15.0 2% 15.1 - 20.0 4% 20.1 - 25.0 6% 25.1 - 30.0 8% 30.1 - 35.0 10% 35.1 - 40.0 12% 40.1 - 45.0 14% 45.1 - 50.0 16%

FUEL PRICE ADJUSTMENT. A benchmark price for diesel fuel will be established on the closing date for the tender, Tuesday, August 23October 26th, 2022 2021 based on the price posted by the Island Regulatory and Appeals Commission on that date. At the completion of the contract, the Department will apply the calculated monthly price adjustment as outlined in the Table below to the Contractor’s invoices for each appropriate month. These adjustments will be based on the monthly retail price of diesel fuel for Charlottetown as established by XX Xxxxx & Associates. % Fuel Increase or Decrease Price Change +/- Unit bid price per tonne - Schedule “C” 10.1 - 15.0 2% 15.1 - 20.0 4% 20.1 - 25.0 6% 25.1 - 30.0 8% 30.1 - 35.0 10% 35.1 - 40.0 12% 40.1 - 45.0 14% 45.1 - 50.0 16%

FUEL PRICE ADJUSTMENT. A benchmark price for diesel fuel will be established on the closing date for the tender, TuesdayThursday, August 23September 28, 2022 2018 based on the price posted by the Island Regulatory and Appeals Commission on that date. At the completion of the contract, the Department will apply the calculated monthly price adjustment as outlined in the Table below to the Contractor’s invoices for each appropriate month. These adjustments will be based on the monthly retail price of diesel fuel for Charlottetown as established by XX Xxxxx & Associates. % Fuel Increase or Decrease Price Change +/- Unit bid price per tonne - Schedule “C” 10.1 - 15.0 2% 15.1 - 20.0 4% 20.1 - 25.0 6% 25.1 - 30.0 8% 30.1 - 35.0 10% 35.1 - 40.0 12% 40.1 - 45.0 14% 45.1 - 50.0 16%