Examples of Applicable Tariff in a sentence
The Monthly Bill amount shall be the product of the energy as per Energy Accounts and the Applicable Tariff.
Any power which is in excess of the quantum of power agreed to be supplied under this Agreement shall be offered to the Buying Utility at the Applicable Tariff as per Article 1.1, and in case the Buying Utility does not accept the same, SECI shall take appropriate action as per PPA.
In case the designated Buying Entity does not give its acceptance, then SECI can purchase such power directly or designate another potential buyer/entity to purchase such power at the Applicable Tariff (as per Article 9.
Grid unavailability beyond 175 hours in a Contract year (as defined in Article 1) Generation Compensation = ((Applicable Tariff x RE power (MW) offered but not scheduled by the Buying Entity) X 1000 X No. of hours of Reduced Off-take However, in case of third-party sale or sale in the power exchange, as price taker, the 95% of the amount realized, after deducting expenses, shall be adjusted against the Generation compensation payable, on monthly basis.
The lower limit will, however, be relaxable by Buyer to the extent of Generation Compensation due to grid non-availability to the Project for evacuation which is beyond the control of the HPD as determined under provisions of Article 4.10.1. The amount of such penalty will be equal to 1.5 times the Applicable Tariff for the shortfall in energy terms, which in turn, shall be remitted to the Buyer.