Energy Charge Rates definition

Energy Charge Rates means the rate charged for electricity sold under this Agreement, which is the Default Rate. Energy Law means any statute, regulation, code, rules, direction, mandatory guideline, licence condition or other regulatory instrument which governs or affects any one or more of the price of electricity, the cost to AGL of purchasing or selling electricity, the Delivery of Electricity, the sale of electricity to the Customer or the electricity industry generally. Force Majeure means in relation to a party, any event or circumstance outside that party’s reasonable control and which is not reasonably able to be prevented or overcome by the exercise of reasonable care by that party, including:

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Energy Charge Rates means, in relation to a nominated period and Premises, the rates set out in Item 5 of Schedule 2, which will apply to the period or periods ending no later than the Expiry Date, as those rates are reviewed annually in accordance with the CPI Escalation Formula, or the rates applying under clause 3.5, for that period and Premises. Energy Law means any statute, regulation, code, rules, direction, mandatory guideline, licence condition or other regulatory instrument which governs or affects any one or more of the price of electricity, the cost to AGL of purchasing or selling electricity, the Delivery of Electricity, the sale of electricity to the Customer or the electricity industry generally.

Energy Charge Rates means, in relation to a nominated period and Premises, the rates set out in Item 5 of Schedule 2, which will apply to the period or periods ending no later than the Expiry Date, or the rates applying under clause 3.7, for that period and Premises. Energy Law means any statute, regulation, code, rules, direction, mandatory guideline, licence condition or other regulatory instrument which governs or affects any one or more of the price of electricity, the cost to AGL of purchasing or selling electricity, the Delivery of Electricity, the sale of electricity to the Customer or the electricity industry generally. ESC means an energy savings certificate created under the NSW Energy Savings Scheme. ETAC, or Estimated Total Annual Consumption, means the Customer’s estimated total electricity consumption in a Contract Year, and is set out in Item 8 of Schedule 2. Expiry Date means in relation to a Premises, the date set out in Item 3 of Schedule 2 for that Premises.

Examples of Energy Charge Rates in a sentence

• The Customer agrees to pay AGL the Energy Charges for the electricity AGL sells to the Customer at the Premises, calculated as the actual metered consumption at each Premises (subject to clause 5.3) multiplied by the product of the Energy Charge Rates and the Approved Energy Loss Factor applicable to the Premises.

• The Energy Charge Rates are determined on the basis of ETAC and the Customer’s commitment to purchase from AGL all electricity which the Customer requires for the Premises during the period from the Commencement Date to the Expiry Date.

• The Customer agrees to pay AGL the Energy Charges for the electricity AGL sells to the Customer at each Premises calculated in accordance with the Energy Charge Rates for each Premises (as those Energy Charge Rates are reviewed annually in accordance with the CPI Escalation Formula, unless noted otherwise in Schedule 1).

• The Energy Charge Rates are determined on the basis of the Customer’s commitment to purchase from AGL all electricity which the Customer requires for each Premises during the period from the Commencement Date to the Expiry Date.

• In order to commit to selling the Customer electricity at the Energy Charge Rates until the Expiry Date, AGL enters into Wholesale Energy Contracts to effectively reduce AGL’s exposure to the volatility of the wholesale price of the electricity AGL sells to the Customer.

• The Energy Charge Rates are determined on the basis of the Customer’s commitment to purchase from AGL all electricity which the Customer requires for each Premises during the period from the Commencement Date to the Expiry Date and the Estimated Total Annual Consumption.

• The Customer agrees to pay AGL the Energy Charges for the electricity AGL sells to the Customer at each Premises, calculated as the actual metered consumption at each Premises (subject to clause 5.3) multiplied by the product of the Energy Charge Rates and the Approved Energy Loss Factor applicable to each Premises.

• In order to commit to selling the Customer electricity at the Energy Charge Rates until the Expiry Date, AGL enters into Third Party Contracts to effectively reduce the volatility of the wholesale price of the electricity AGL sells to the Customer.

More Definitions of Energy Charge Rates

Energy Charge Rates means, in relation to a nominated period and Premises, the rates set out in Item 5 of Schedule 2, which will apply to the period or periods ending no later than the Expiry Date, or the rates applying under clause 3.7, for that period and Premises. Energy Law means any statute, regulation, code, rules, direction, mandatory guideline, licence condition or other regulatory instrument which governs or affects any one or more of the price of electricity, the cost to AGL of purchasing or selling electricity, the Delivery of Electricity, the sale of electricity to the Customer or the electricity industry generally. ESC means an energy savings certificate created under the NSW Energy Savings Scheme. ETAC, or Estimated Total Annual Consumption, means the Customer’s estimated total electricity consumption in a Contract Year, and is set out in Item 8 of Schedule 2. Where the Contract Year is not made up of 365 days, the ETAC will be adjusted pro rata for that Contract Year.