Storage Capacity. 1. The Storage Operator undertakes to provide firm storage capacity to the Storage User with the following parameters: Storage period WGV [MWh] IR [MWh/day] WR [MWh/day] Price [CZK/MWh/y] where WGV Working gas volume IR Maximum injection capacity WR Maximum withdrawal capacity These values will be adjusted using the procedure laid down in Article III., Paragraph 2. 2. The Contracting Parties acknowledge that the storage capacity (working gas volume, withdrawal and injection rates) stated in Paragraph 1. of this Article are booked values according to the auction result and will be proportionally reduced depending on the volume of Fixed storage capacity using the process laid down in Annex No. 2 part “Annex No.1 to the Auction Terms and Conditions” point III. A. For clarification purposes, the final value of storage capacity parameters as per this Contract shall be confirmed without undue delay to the Storage User by the Storage Operator by means of an e-mail notice sent to the address under which the Storage User is registered in the Storage Operator's Auction System, or as per different arrangement. 3. For each MWh of booked Storage Capacity that the Storage User has not converted to Fixed Storage Capacity in accordance with the procedure set in Annex No. 2 – part “Annex No. 1 to the Auction Terms and Conditions part III.A the Storage User shall pay a one-off fee on the dates and in the amount specified in the Auction Terms and Conditions in Annex No. 2 to this Contract. The fee shall be payable within 14 days from the delivery of the invoice issued by the Storage Operator, no later than within 10 days after the date applicable to each period as set in Annex No. 2 - part “Annex No. 1 to the Auction Terms and Conditions', point III. A. For the avoidance of doubt, it is considered that if the Storage User does not report the value of the Fixed storage capacity, the Storage User has not fixed any amount of the booked Storage capacity and will pay a fee according to this article calculated from the entire value of the booked Storage capacity. (hereinafter also referred to as the "Storage capacity")
Appears in 1 contract
Samples: Yearly Gas Storage Contract
Storage Capacity. 1. The Storage Operator undertakes to provide firm storage capacity to the Storage User with the following parameters: Storage period WGV [MWh] IR [MWh/day] WR [MWh/day] Price [CZK/MWh/y] where WGV Working gas volume IR Maximum injection capacity WR Maximum withdrawal capacity These values will be adjusted using the procedure laid down in Article III., Paragraph 2.
2. The Contracting Parties acknowledge that the storage capacity (working gas volume, withdrawal and injection rates) stated in Paragraph 1. of this Article are booked values according to the auction result and will be proportionally reduced depending on the volume of Fixed storage capacity using the process laid down in Annex No. 2 part “Annex No.1 to Section A. of the Auction Terms and Conditions” point III.
A. . For clarification purposes, the final value of storage capacity parameters as per this Contract shall be confirmed without undue delay to the Storage User by the Storage Operator by means of an e-mail notice sent to the address under which the Storage User is registered in the Storage Operator's Auction System, or as per different arrangement.
3. For each MWh of the difference between the value of booked Storage Capacity that capacity and the Storage User has not converted to value of Fixed Storage Capacity in accordance with the procedure set in Annex No. 2 – part “Annex No. 1 to the Auction Terms and Conditions part III.A storage capacity, the Storage User shall pay a one-off fee on the dates and in the amount specified in the Auction Terms and Conditions in Annex No. 2 to this Contract. of CZK The fee shall will be payable within 14 days from the delivery of the invoice issued by the Storage Operator, Operator no later than within 10 days after from the date applicable when the value of the Fixed storage capacity is to each period as set in Annex No. 2 - part “Annex No. 1 be notified to the Storage Operator according to point A. of the Auction Terms and Conditions', point III. A. For the avoidance of doubt, it is considered that if the Storage User does not report the value of the Fixed storage capacity, the Storage User has not fixed any amount of the booked Storage capacity and will pay a fee according to this article calculated from the entire value of the booked Storage capacity. capacity (hereinafter also referred to as the "Storage capacity")
Appears in 1 contract
Samples: Yearly Gas Storage Contract
Storage Capacity. 1. The Storage Operator undertakes to provide firm storage capacity to the Storage User with the following parameters: Storage period WGV [MWh] IR [MWh/day] WR [MWh/day] Price [CZK/MWh/y] where WGV Working gas volume IR Maximum injection capacity WR Maximum withdrawal capacity These values will be adjusted using the procedure laid down in Article III., Paragraph 2.
2. The Contracting Parties acknowledge that the storage capacity (working gas volume, withdrawal and injection rates) stated in Paragraph 1. of this Article are booked values according to the auction result and will be proportionally reduced depending on the volume of Fixed storage capacity using the process laid down in Annex No. 2 part “Annex No.1 to the Auction Terms and Conditions” point III.
A. For clarification purposes, the final value of storage capacity parameters as per this Contract shall be confirmed without undue delay to the Storage User by the Storage Operator by means of an e-mail notice sent to the address under which the Storage User is registered in the Storage Operator's Auction System, or as per different arrangement.
3. For each MWh of the difference between the value of booked Storage Capacity that capacity and the Storage User has not converted to value of Fixed Storage Capacity in accordance with the procedure set in Annex No. 2 – part “Annex No. 1 to the Auction Terms and Conditions part III.A storage capacity, the Storage User shall pay a one-off fee on the dates and in the amount specified in the Auction Terms and Conditions in Annex No. 2 to this Contract. of CZK The fee shall will be payable within 14 days from the delivery of the invoice issued by the Storage Operator, Operator no later than within 10 days after from the date applicable when the value of the Fixed storage capacity is to each period as set in be notified to the Storage Operator according to Annex No. 2 - part “Annex No. 1 No.1 to the Auction Terms and Conditions', ” point III. A. For the avoidance of doubt, it is considered that if the Storage User does not report the value of the Fixed storage capacity, the Storage User has not fixed any amount of the booked Storage capacity and will pay a fee according to this article calculated from the entire value of the booked Storage capacity. capacity (hereinafter also referred to as the "Storage capacity")
Appears in 1 contract
Samples: Yearly Gas Storage Contract
Storage Capacity. 1. The Storage Operator undertakes to provide firm storage capacity to the Storage User with the following parameters: Storage period WGV [MWh] IR [MWh/day] WR [MWh/day] Price [CZK/MWh/y] where WGV Working gas volume IR Maximum injection capacity WR Maximum withdrawal capacity These values will be adjusted using the procedure laid down in Article III., Paragraph 2.
2. The Contracting Parties acknowledge that the storage capacity (working gas volume, withdrawal and injection rates) stated in Paragraph 1. of this Article are booked values according to the auction result and will be proportionally reduced depending on the volume of Fixed storage capacity using the process laid down in Annex No. 2 part “Annex No.1 to the Auction Terms and Conditions” point III.
A. For clarification purposes, the final value of storage capacity parameters as per this Contract shall be confirmed without undue delay to the Storage User by the Storage Operator by means of an e-e- mail notice sent to the address under which the Storage User is registered in the Storage Operator's Auction System, or as per different arrangement.
3. For each MWh of the difference between the value of booked Storage Capacity that capacity and the Storage User has not converted to value of Fixed Storage Capacity in accordance with the procedure set in Annex No. 2 – part “Annex No. 1 to the Auction Terms and Conditions part III.A storage capacity, the Storage User shall pay a one-off fee on the dates and in the amount specified in the Auction Terms and Conditions in Annex No. 2 to this Contract. of CZK The fee shall will be payable within 14 days from the delivery of the invoice issued by the Storage Operator, Operator no later than within 10 days after from the date applicable when the value of the Fixed storage capacity is to each period as set in be notified to the Storage Operator according to Annex No. 2 - part “Annex No. 1 No.1 to the Auction Terms and Conditions', ” point III. .
A. For the avoidance of doubt, it is considered that if the Storage User does not report the value of the Fixed storage capacity, the Storage User has not fixed any amount of the booked Storage capacity and will pay a fee according to this article calculated from the entire value of the booked Storage capacity. capacity (hereinafter also referred to as the "Storage capacity")
Appears in 1 contract
Samples: Yearly Gas Storage Contract