Common use of Variation to Grid Charges Clause in Contracts

Variation to Grid Charges. (a) Without limiting clause 41.3, Transpower may vary the Grid Charges payable per month as permitted under the transmission pricing methodology (provided such varied Grid Charges comply with the transmission pricing methodology). Transpower will give the Customer not less than three months' notice of any variation that is to be effective at the start of each pricing year as permitted under the transmission pricing methodology. For all other variations to the Grid Charges permitted under the transmission pricing methodology, Transpower will give the Customer not less than 20 Business Days’ notice of the variation. If Transpower varies the Grid Charges, Transpower is to forward to the Customer a revised Schedule 3 (Grid Charges). Transpower's rights under this clause are in addition to any recalculation of Grid Charges under clause 19.2(b).