Reference Price based on Zeebrugge Hub Sample Clauses

Reference Price based on Zeebrugge Hub. Each day J, for each Balancing Zone Z, the reference price PREF(J,Z) is equal to: PREF(J,Z) = PREF0(J) + C(Z) Where: • PREF0(J) is equal to: o The arithmetic mean of the prices “offer” and “bid” “day- ahead” published for the Zeebrugge Hub by the “Energy Argus” review of the Day in question, expressed in euros per megawatt-hour (EUR/MWh), if this review is published on the Day in question o The arithmetic mean of the prices “offer” and “bid” “week- end” published for the Zeebrugge Hub by the most recent “Energy Argus” review published prior to the Day in question, expressed in euros per megawatt-hour (EUR/MWh), if this review is not published on the Day in question, and if this Day is within a continuous sequence of Non-Working Days containing a Saturday or a Sunday o The arithmetic mean of the prices “offer” and “bid” “day- ahead ” published for the Zeebrugge Hub by the most recent “Energy Argus” review published prior to the Day in question, expressed in euros per megawatt-hour (EUR/MWh), if this review is not published on the Day in question, and if this Day is not within a continuous sequence of Non-Working Days containing a Saturday or a Sunday ; • C(Z) is equal to: o eighty-six cents per megawatt-hour (0.86 EUR/MWh) for the Balancing Zone Nord – L-gas Balancing Section o seventy cents per megawatt-hour (0.70 EUR/MWh) for the Balancing Zone Nord – H-gas Balancing Section o one euro thirty cents per megawatt-hour (1.30 EUR/MWh) for the Balancing Zone Sud If one or other of the “offer” or “bid” prices defined in sub- clause 46.2 were no longer to be published, the Parties shall come together to agree a new and representative price index for the gas market on a daily basis at the Zeebrugge Hub. Clause 47 Purchase and sale prices (Reference Prices P1 and P2)
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