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 corresponding number of units sold. Sch. 1(15) (5) “Best Estimation Of Expenditure Required To Settle Asset Decommissioning Obligation” means the estimated amount that HEC will reasonably pay to settle the obligation referred to in Section G of Schedule 2 at the end of each Year.
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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 number of units sold for the 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.
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Examples of Basic Tariff Rate in a sentence

  • Compare the Basic* and Preferential Tariff Rates**.* Basic Tariff Rate: tariff rate imposed on imported goods in general, regardless of the FTA.** Preferential Tariff Rate: tariff rate that is either eliminated or reduced as a result of the FTA.

  • Following approval by the Executive Council (ExCo), the power companies will make available to the public projected Basic Tariff Rate of each year in the DP period.

  • It should be noted that approval by ExCo is at the level of Basic Tariff Rate only.

  • As the net tariff that consumers have to pay ultimately comprises both basic tariff and fuel clause charge, there is a case to consider whether the current arrangement should be extended to cover not only Basic Tariff Rate but41also the net tariff.

  • In other words, the projected net tariff and the Basic Tariff Rate in a DP will have to be considered and approved by ExCo. In conducting subsequent Tariff Reviews, the power companies will have to seek the approval of ExCo if either the proposed net tariff or Basic Tariff Rate exceeds the approved one for the year in the DP by a certain margin.

  • However, if the proposed adjustment of the Basic Tariff Rate for a year covered by an approved DP exceeds theMost Recently Approved Rate by more than 5%, approval of ExCo is required.

  • Where a system is jointly owned or jointly operated or the Council were to use a third party (such as LBHF), the governance and accountability arrangements should be agreed between the partners and documented well so that each of the partner organisation has clear responsibilities.

  • 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.

  • Analyse and compare results from the case study models using Key Performance Indicators to quantify the effects on energy performance from an economical and environmental perspective related to each scenario.

  • If the L10 Project commences in 2016 as scheduled, the above “projected Basic Tariff Rate with L10 Project” category will be applicable in the relevant period instead.

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;

  • 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.

  • 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 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.

  • 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.