Economic Test definition

Economic Test means a test which is, or is to be, applied to assess the economic viability of an Incremental Capacity Project, the parameters of which are set out in section 4.6.2;
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Economic Test means a test applied to assess the economic viability of incremental capacity projects;
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Economic Test means the test identified as such in any joint project proposal submitted in accordance with Part H (Operations) Section 8.5.1 as approved in any decision of the Commission and any other regulatory authority published in accordance with Part H (Operations) Section 8.5.2;
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Examples of Economic Test in a sentence

  • G-158-15, effective April 1, 2016, the Threshold Purchase Price is the Trigger Price for the Network Economy Economic Test under Tariff Supplement 80 at all times of the year.

  • Once Binding Conditional Bids and/or Binding Bids have been received by the Transporter, it shall apply the Economic Test in accordance with this section 4.6.

  • Shippers shall be notified of the outcome of the Economic Test as soon as reasonably practicable following the ICAM and in any event before the start of the next Incremental Capacity Process.

  • Where relevant the Transporter may jointly apply the Economic Test in conjunction with the Adjacent Transporter (a “Joint Economic Test”).

  • The decision of the arbitrator should be limited to the specific point or points of difference submitted to them.

  • The ICAM shall cover a maximum of 15 years after the start of operational use of the Incremental Capacity, except where the Authority approves its application for an additional 5 years in order to allow the Economic Test to be passed.

  • Where this applies, the process steps for the application, and the parameters, of the Joint Economic Test shall be included in the Draft Project Proposal Consultation and subject to approval by the Authority.

  • Where the outcome of the Economic Test is negative the Incremental Capacity Project shall be terminated.

  • The Mandatory Minimum Premium is an additional quantity that may be added to the applicable payable price, calculated to be the minimum value required to allow the Economic Test to be passed in the case where the allocation of all offered incremental capacity at the estimated reference price would not generate sufficient revenues for a positive economic test outcome.

  • The DIA Fee will be returned if the application passes the Economic Test.


More Definitions of Economic Test

Economic Test means the test, operated and calculated by NGN, which is used to determine the amount NGN will contribute towards the provision of additional gas transportation capacity through the development of further infrasturcture.
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Economic Test means the test applied to assess the economic viability of incremental ca-pacity projects as stipulated in the CAM NC.
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Economic Test means the mathematical calculation applied to assess the economic viability of incremental and new capacity projects;
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Economic Test means a test app ied to assess the economic viabi ity of incremental capacity projects;
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Related to Economic Test

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

  • Percolation test means a subsurface soil test at the depth of a proposed absorption system or similar component of an OWTS to determine the water absorption capability of the soil, the results of which are normally expressed as the rate at which one inch of water is absorbed. The rate is expressed in minutes per inch.

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.