Commodity rate definition

Commodity rate means the portion of gas costs billed by a gas or natural gas company's suppliers (expressed in dollars and cents per Mcf, dekatherm, or BTU), which relates volumetrically to the cost of the units of gas obtained by the company for sale to its customers. For purposes of the calculations required under rule 4901:1-14-05 of the Administrative Code, "commodity rate" means the average of the commodity rates expected to be in effect during the period the new gas cost recovery rate will be in effect.

Commodity rate means a rate published to apply to a commodity specifically named or described.

Commodity rate means the specific rate applicable to a commodity, as described in a tariff.

Examples of Commodity rate in a sentence

• The FES Monthly Commodity rate shall be calculated each month pursuant to the Monthly BGSS Subrider of the Basic Gas Supply Service Clause to this Tariff, except that paragraph (3) of the Monthly Formula in the Monthly BGSS Subrider shall not apply to FES customers At any time during the month after the FES Monthly Commodity rate has been established, the Company may file a higher or lower rate to reflect changes or anticipated changes in gas costs.

• The reversion payment shall equal the difference between the Incentive Rate actually charged and the General Commodity rate for the period of time the barrels were shipped.

• If Advance balance reaches zero prior to the end of any Contract Year, all subsequent transportation shall be made at the General Commodity rate specified in Item 210 (if applicable) of this tariff.

• TI Nov-Mar 1.1498 1.0705 0.9626 0.8965 0.7666 0.7820 0.5353 0.3392 0.2797 0.1476TF 0.0538 0.0501 0.0450 0.0419 0.0358 0.0366 0.0250 0.0159 0.0131 0.0069NOTE: The MID rates include: (1) the appropriate Market Area Commodity rate for deliveries to MID 17; (2) the applicable Market Area Electric Compression commodity rate as set forth in Sheet No. 54 for deliveries to MID 17; and (3) the applicable Field Area Electric Compression commodity rate as set forth in Sheet No. 54 for deliveries to MIDs 1 - 16A.

• Commodity rate riskExposure to market risk with respect to commodity prices primarily arises from the Group’s purchases and sales of active pharmaceutical ingredients, including the raw material components for such active pharmaceutical ingredients.

More Definitions of Commodity rate

Commodity rate means a rate published to apply on a commodity or commodities that are specifically named or described in the tariff or a separate commodity list.

Commodity rate means a unit rate expressed in dollars per unit, payable by a user and applied to the actual water consumption as determined in this Ordinance.

Commodity rate means the charge for water and sewer usage, based on cubic feet of consumption. Commodity charge shall not include meter reading fees, late charges, interest or other associated charges.

Commodity rate. ’ means a rate applicable to a specific article or articles described in the tariff in which the rate is published. The tariff containing such rates is a ‘‘commodity tariff.’’

Commodity rate means the Monthly rate per MMBtu for Service actually utilized by Customer in respect of a Transaction as agreed to by Katy and Customer.

Commodity rate is defined in Section 4.1.2.

Commodity rate means a rate published to apply to a commodity or commodities which are specifically named or described in the tariff in which the rate is published or in a separate commodity list. "Commodity tariffs" are those which contain commodity rates.