Examples of Degree Day in a sentence
At the end of the Winter Period during the Annual Period, a calculation shall be made that determines for all months of the Winter Period the level by which margin revenues differed from what would have resulted if normal weather (as determined by reference to the Degree Day Dead Band) occurred.
This calculation is made by multiplying the monthly Degree Day Consumption Factor by the difference between Normal Calendar Month Degree Days as adjusted for the Degree Day Dead Band, and Actual Calendar Month Degree Days and, in turn, multiplying the result by the Margin Revenue Factor.
To the extent the Actual Calendar Month Degree Days exceeds Normal Calendar Month Degree Days as adjusted for the Degree Day Dead Band, an excess of margin revenues exist.
To the extent Actual Calendar Month Degree Days were less than Normal Calendar Month Degree Days as adjusted for the Degree Day Dead Band, a deficiency of marginal revenue exists.
If, at the end of the Winter Period of the Annual Period, the degree day variation from normal weather is less than the Degree Day Dead Band, the weather normalization clause will not be in effect.
The Cycle Usage Per Degree Day formula is as follows: Cycle Usage per DD = (Actual Dth Usage - Base Load Dth) / Actual Cycle DD WNA BILLING VOLUME AND BILL CALCULATIONEach customer’s WNA Billing Volume, in Dth, is calculated by multiplying the Cycle Usage per Degree Day by the Cycle Degree Day Variance and adding or subtracting the result to the actual Dth usage.
Degree Day Consumption Factor (“DDCF”) - the variable component (use per degree day) of the gas sendout for each month of the winter period normalized for weather and adjusted for lost and unaccounted for gas.
The Degree Day basis method of supply is subject to Canada’s sole and unfettered discretion to make purchases on that basis.
The Cycle Usage Per Degree Day formula is as follows: Cycle Usage per DD = (Actual Dth Usage - Base Load Dth) / Actual Cycle DDWNA BILLING VOLUME AND BILL CALCULATIONEach customer’s WNA Billing Volume, in Dth, is calculated by multiplying the Cycle Usage per Degree Day by the Cycle Degree Day Variance and adding or subtracting the result to the actual Dth usage.
From historical data for Chicago and New York, Kulkarni (2003) has discovered a linear dependence between natural gas consumption in winter and the monthly Heating Degree Day (HDD) index and has shown that the market prices of HDD futures can be used for forecasting gas consumption in winter.