Common use of Interim Price Clause in Contracts

Interim Price. For volumes of Interim Supply, the Interim Price for each Supply Point shall be a fixed unit price (subject to Paragraphs 6.5.4 and 6.6.6) proposed by the Supplier, and Approved by the Authority (each Party acting reasonably). The Supplier shall propose a price based on the applicable Fixed Daily Charges and the Variable Charges, but using: (for the avoidance of doubt) the Balancing Fee (Interim Supply); and a Cost of Gas that reflects the price at which the Supplier can reasonably acquire the natural gas necessary to meet the demand at the Supply Points that are to receive an Interim Supply (using the seasonal normal demand profile). In respect of each Supply Point that is to receive the Interim Supply, the Parties shall agree the Interim Price either (at the Authority’s option): prior to the Supplier becoming Registered for the Supply Point, provided that the Authority may only choose this option where all the information the Supplier reasonably requires to become so Registered has been provided to the Supplier at least two (2) Months prior to the relevant Earliest Supply Start Date; or as soon as reasonably practicable after the Supplier has become Registered for the Supply Point. The Supplier shall provide the Authority with a detailed breakdown of the elements of the Interim Price that it is proposing (which shall at least include costs equivalent to each of the costs comprised in the Fixed Daily Charges and Variable Charges).

Interim Price. For volumes of Interim Supply, the Interim Price for each Supply Point shall be a fixed unit price (subject to Paragraphs 6.5.4 and 6.6.6) proposed by the Supplier, and Approved by the Authority (each Party acting reasonably). The Supplier shall propose a price based on which is comprised of: the applicable Fixed Daily Charges Charges; and the Variable ChargesCharges except that, but using: (for these purposes, rather than including a calculation for the avoidance of doubt) the Balancing Fee (Interim Supply); and a Cost of Gas pursuant to Paragraph 6.5 the price shall include an amount equal to the actual cost of gas in relation to the Interim Supply. This is provided that reflects the actual cost of gas referred to in this sub-paragraph shall be no more than the Market Price of Gas. For the purposes of this sub-paragraph, the (“Market Price of Gas”) is the prevailing market price at which the Supplier can reasonably acquire the natural gas necessary to meet the demand at the Supply Points that are to receive an Interim Supply (using the seasonal normal demand profile)Supply. In respect of each Supply Point that is to receive the Interim Supply, the Parties shall agree the Interim Price either (at the Authority’s option): prior to the Supplier becoming Registered for the Supply Point, provided that the Authority may only choose this option where all the information the Supplier reasonably requires to become so Registered has been provided to the Supplier at least two (2) Months prior to the relevant Earliest Supply Start Date; or as soon as reasonably practicable after the Supplier has become Registered for the Supply Point. The Supplier shall shall, within 10 Days of a request from the Authority, provide the Authority with a detailed breakdown of the elements of the Interim Price that it is proposing (which shall at least include costs equivalent to show each component of the costs comprised in the Fixed Daily Charges and Variable ChargesCharges that comprise the Interim Price, together with such other details and calculations as the Authority may require).

Interim Price. For volumes of Interim Supply, the Interim Price for each Supply Point shall be a fixed unit price (subject to Paragraphs 6.5.4 and 6.6.6) proposed by the Supplier, and Approved by the Authority (each Party acting reasonably). The Supplier shall propose a price based on which is comprised of: the applicable Fixed Daily Charges Charges; and the Variable ChargesCharges except that, but using: (for these purposes, rather than including a calculation for the avoidance of doubt) the Balancing Fee (Interim Supply); and a Cost of Gas pursuant to Paragraph 6.6 the price shall include an amount equal to the actual cost of gas in relation to the Interim Supply. This is provided that reflects the actual cost of gas referred to in this sub-paragraph shall be no more than the Market Price of Gas. For the purposes of this sub-paragraph, the ("Market Price of Gas") is the prevailing market price at which the Supplier can reasonably acquire the natural gas necessary to meet the demand at the Supply Points that are to receive an Interim Supply (using the seasonal normal demand profileSupply Point's Nominated Consumption). In respect of each Supply Point that is to receive the Interim Supply, the Parties shall agree the Interim Price either (at the Authority’s 's option): prior to the Supplier becoming Registered for the Supply Point, provided that the Authority may only choose this option where all the information the Supplier reasonably requires to become so Registered has been provided to the Supplier at least two (2) Months prior to the relevant Earliest Supply Start Date; or as soon as reasonably practicable after the Supplier has become Registered for the Supply Point. The Supplier shall shall, within 10 Days of a request from the Authority, provide the Authority with a detailed breakdown of the elements of the Interim Price that it is proposing (which shall at least include costs equivalent to show each component of the costs comprised in the Fixed Daily Charges and Variable ChargesCharges that comprise the Interim Price, together with such other details and calculations as the Authority may require).