Security of Supply Account Sample Clauses

Security of Supply Account. The Operator maintains a separate Security of Supply Account which it charges with the amount of compensation paid to the beneficiaries as provided under article 10.7 hereof, and credits with the revenue arising from payment of a special monthly duty (Security of Supply Duty) by the Transmission Users who have concluded Transmission Agreements, depending on the monthly Quantity of Natural Gas allocated to each of them from all Exit Points. The amount of the Security of Supply Duty per Unit, in Euro per MWh, and the maximum permitted limit of the Security of Supply Account in Euro are determined by RAE before the beginning of each Year following a proposal by the Operator, taking into consideration the Annual Quantities of Natural Gas required to be transmitted via the NNGS, the currently applying Emergency and Crisis Management Plan, and the need to cover the Operator's obligations towards the beneficiaries without the Operator itself incurring any financial losses. The Operator allows access to RAE for auditing the Security of Supply Account. Any overstepping of the maximum permitted limit of the Security of Supply Account entails the ipso jure suspension of the Transmission Users' obligation to pay the monthly Security of Supply Duty for as long as the account's balance remains at levels over such limit. The Security of Supply Account is a sight account and the funds deposited therein are free of any charge.
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Security of Supply Account. Account kept by the Operator which is credited with the profits from the Security of Supply Duty and charge for the violation of the minimum entry pressure and is charged with the compensations that the Operator has to pay to the beneficiaries according to the provisions of Article 10.7 of the NNGS Operation Code.
Sample 1

Related to Security of Supply Account

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