Examples of Electricity Charge in a sentence
If a change in a Relevant Tax occurs or a new Relevant Tax is imposed, we may adjust the Electricity Charge to the extent necessary to reflect that proportion of the effect of that change in Relevant Tax or new Relevant Tax which we estimate in good faith is fairly attributable to or payable by you taking into account the amount of electricity we supply to you.
If a Change in Law occurs, we may adjust the Electricity Charge to the extent necessary to put us into the position we would have been in under the Contract had it not been for the Change in Law.
Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period.
In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge.
The Electricity Charge for a Site is equal to: 𝐸𝐶 = (𝐸𝑃 × 𝐸 × 𝐿𝐹) + (𝐷𝐶 × 𝐷 × 𝑀) where: EC = the Electricity Charge.