Common use of Open Price Clause in Contracts

Open Price. Each month the customer bill will be calculated by multiplying (i) the price of natural gas by (ii) the amount of natural gas used in the billing cycle plus (iii) applicable taxes, fees, and/or charges levied by the Utility for distribution and other services. The price per <<unit of measure>> for natural gas sold under this Agreement shall be market based and variable price calculations are based on the method stated above to include prices for commodity, transportation, balancing fees, storage charges, NAP’s fees, profit, swing charges, and any other charges imposed by a utility, pipeline, or other entity having such authority to impose any such charge, plus applicable taxes, and any other charges or fees imposed by the utility or other entity having such authority to impose any such charges.

Open Price. Each month the customer Customer’s bill will be calculated by multiplying (i) the price of natural gas by (ii) the amount of natural gas used in the billing cycle plus (iii) applicable taxes, fees, and/or charges levied by the Utility for distribution and other services. The price per <<unit of measure>> CCF for natural gas sold under this Agreement shall be market based and variable price calculations are based on the method stated above to include prices for commodity, transportation, balancing fees, storage charges, NAP’s fees, profit, swing charges, and any other charges imposed by a utility, pipeline, or other entity having such authority to impose any such charge, plus applicable taxes, and any other charges or fees imposed by the utility or other entity having such authority to impose any such charges.