Process to change pricing methodology Sample Clauses

Process to change pricing methodology. If the Distributor proposes to change its pricing methodology, the following process shall be followed: (a) Advise the proposal: The Distributor will notify the Retailer of its proposed changes and rationale for the same. The Retailer may provide written submissions to the Distributor within 20 Working Days of such notification; (b) Notify submissions and responses: Prior to Publication of the pricing methodology under clause 9.2(d), the Distributor will provide the Retailer with a summary of any submissions received and its response to them; (c) Consider certain matters: The Distributor will while developing any new pricing methodology consider in good faith any submissions or other information received as part of the process set out in this clause: (d) Publish changes to pricing methodology and prices: The Distributor will Publish its final pricing methodology and consequent changes to its Pricing Schedule and the reasons for the changes.

Process to change pricing methodology. When the Distributor contemplates a change to its pricing methodology which may result in a change to pricing structure and charges, the following process shall be followed: (a) Advise the proposal: the Distributor will publish its proposed changes and rationale and invite the Generator to provide written comments within 20 Working Days of such publication; (b) Publish submissions and responses: At any time following the last day on which submissions may be made, the Distributor will publish a summary of any submissions received and its response to them;

Process to change pricing methodology. The EA’s drafting note for Clause 7.4 states that the clause “has been amended to include a requirement that the Distributor consult with the Trader if the Distributor intends to change its Pricing Methodology. That requirement was previously included in clause 12A.7 of the Code, but is now appropriately included in each distributor’s DDA”. Notwithstanding the uncertainty about the definition of pricing methodology discussed in section 3.1 above, the requirements for such a consultation process may sit better in the Code. Changes to the Pricing Methodology would be of interest to all traders and a wider group of stakeholders including customers and alternative energy providers. Therefore it may be more appropriate for the consultation procedures to be in the Code rather than the DDA which is an agreement between a distributor and trader(s).

Process to change pricing methodology. If the Distributor intends to make a change to its Pricing Methodology that will materially affect one or more System Users (including the Retailer) or Consumers then without limiting Clause 12.2 and unless the Parties agree otherwise, the Distributor will: (a) Consult with the Retailer: Changes to pricing structures and/or methodology will be subject to meaningful consultation and transparency such that the intention and impact of the proposed changes are easily understood, and responses to the Retailer’s written comments, including decisions on final structure are transparent and clear prior to notification of final Pricing Methodology. (b) Publish final Pricing Methodology: Publish the final Pricing Methodology and the reasons for its decision, no later than the notice period specified in Clause 12.4(a).