Basic Tariff Rate definition

Basic Tariff Rate. ‌ means, for any Year, the figure in cents per kWh obtained by dividing the total revenues of HEC from sales of electricity to consumers in Hong Kong excluding rebates and Fuel Cost Account Adjustment by the number of units sold for the Year.‌
Sample 1
Basic Tariff Rate means ，for any Year， the figure in cents per kWh obtained by dividing the total revenues of CLP Power from sales of electricity to consumers in Hong Kong excluding rebates and Fuel Cost Account Adjustment by the corresponding number of units sold. Sch. 1(17) (5) "Best Estimation Of Expenditure Required To Settle Asset Decommissioning Obligation" means the estimated amount that the Companies will reasonably pay to settle the obligation referred to in Section G of Schedule 2 at the end of each Year.
Sample 1
Basic Tariff Rate means the total revenues of China Light from sales of electricity to consumers in Hong Kong excluding fuel clause revenues and rebates from the Rate Reduction Reserve referred to in sub-clause 5(6) divided by the corresponding number of units sold.
Sample 1

Examples of Basic Tariff Rate in a sentence

  • HEC will also make available to the public the projected Basic Tariff Rate profile approved by the Executive Council and as necessary the supporting information covered by the Development Plan.

  • In setting the Basic Tariff Rate, we and the Hong Kong Government agreed upon a standard cost of fuel as an operating cost, which was set in 1986 based on the prevailing oil price at that time which was required to produce one unit of electricity.

  • The difference between the actual cost of fuel (including coal, natural gas and oil) and the standard cost of fuel recovered through the Basic Tariff Rate is charged or credited to a Fuel Clause Recovery Account maintained in our books and passed on, or rebated, to our customers by way of a Fuel Clause Charge or a Fuel Clause Rebate, respectively.

  • Customers are charged for the electricity used by them at their applicable Basic Tariff Rate.

  • HEC would increase the average Basic Tariff Rate by 7.5% but would fully offset the increase by the same magnitude of reduction in Fuel Clause Charge ("FCC") which would in effect keep the average Net Tariff Rate unchanged.

Related to Basic Tariff Rate

  • Tariff Rate means a fixed or variable rate within a Price Category that determines the Distribution Services charges that apply to an ICP;

  • Regulated Rate Tariff means a regulated rate tariff for the provision of Electricity Services to eligible customers prepared by EDTI, or a person with whom EDTI makes arrangements to do so, pursuant to section 102 of the Act;

  • PJM Tariff or “Tariff shall mean that certain “PJM Open Access Transmission Tariff”, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter.

  • Fee Tariffs means the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee required pursuant to the Fees Rules but taking into account any applicable discount rate); and

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Basic Rate means the applicable basic minimum wage rate prevailing on the date 28 days prior to the latest date for submission of Tenders, by reason of any National or State Statute or Ordinance.

  • PJM Tariffs means the PJM OATT and the PJM Amended and Restated Operating Agreement, collectively.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Tariff Base has the meaning given to it in, and will be calculated in accordance with, the Fees Rules.

  • Reference Tariff means an access charge (including any system premium) applicable to a specified Reference Train Service over a specified part of the Infrastructure as specified in QR Network’s Access Undertaking;

  • Fees Tariff means a list of fees approved by the Clubs at a general meeting to be levied by the Management Committee for any matters for which fees are payable under the Rules, as set out at Schedule A.

  • ISO-NE Tariff means ISO-NE’s Transmission, Markets and Services Tariff, FERC Electric Tariff No. 3, as amended from time to time.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Base CD Rate means the sum of (a) the Three-Month Secondary CD Rate multiplied by the Statutory Reserve Rate plus (b) the Assessment Rate.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board.

  • Rate Schedule or “Rider” means the rate or charge for a particular classification of service, including all special terms and conditions under which that service is furnished at the prescribed rate or charge.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Day-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.