Fixed Daily Charges definition

Fixed Daily Charges has the meaning given to it in the Framework Agreement. FOIA the Freedom of Information Act 2000 and any subordinate legislation made under this Act from time to time together with any codes of practice issued by the Information Commissioner in relation to such legislation. Force Majeure Event any event, occurrence, circumstance or matter outside of the reasonable control of the Affected Party which prevents or materially delays the Affected Party from performing its obligations under this Framework Agreement, including: (i) riots, civil commotion, war or armed conflict, acts of terrorism, nuclear, biological or chemical warfare; (ii) acts of Government or Competent Authorities or compliance with any applicable Law; (iii) any failure or outage or unavailability of a gas distribution or transmission system; (iv) fire, flood, disaster or any act of nature; or (v) an industrial dispute affecting a third party for which a substitute third party is not reasonably available, but excluding any industrial dispute relating only to the Supplier Staff (or a subset of them), but always excluding: (1) any event, occurrence, circumstance or matter to the extent it (or its consequences) would have been avoided had the Affected Party acted in accordance with Good Industry Practice; (2) any event, occurrence, circumstance or matter to the extent it (or its consequences) is within the scope or contemplation of the disaster recovery or business continuity plans required of the Affected Party in accordance with this Framework Agreement a Customer Contract or Good Industry Practice; (3) any failure or delay caused by a third party in the performance of such third party’s obligations to the Affected Party, unless such third party is itself prevented or delayed from complying with its obligations as result of a Force Majeure Event; and (4) lack of funds. Framework Agreement a framework agreement entered into on [Date] for the procurement of natural gas (daily and non-daily metered) between the Authority and the Supplier, as such agreement may be amended or supplemented from time to time. Fraud any offence under Laws creating offences in respect of fraudulent acts (including the Misrepresentation Act 1967) or at common law in respect of fraudulent acts in relation to this Framework Agreement or defrauding or attempting to defraud or conspiring to defraud the Crown.

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Fixed Daily Charges means the charges of that name established in accordance with the Framework Agreement, including the LDZ & NTS Capacity Charge, the Meter Asset Charge, the Meter Reading Charge and the Commission.

Examples of Fixed Daily Charges in a sentence

The Invoice Amount shall be comprised of Variable Charges and Fixed Daily Charges and shall be exclusive of any VAT or other taxes to be paid or reimbursed by the Customer in accordance with the Customer Contract.
The Supplier shall provide the Authority with a detailed breakdown of the elements of the Interim Price that it is proposing (which shall at least include costs equivalent to each of the costs comprised in the Fixed Daily Charges and Variable Charges).
The Supplier shall propose a price determined in accordance with Good Industry Practice and the Supplier Methodology, and comprising a commodity cost consistent with the prevailing wholesale market prices together with the Fixed Daily Charges and the Pass-through Charges.
The Supplier shall propose a price based on the applicable Fixed Daily Charges and the Variable Charges, but using: (for the avoidance of doubt) the Balancing Fee (Interim Supply); and a Cost of Gas that reflects the price at which the Supplier can reasonably acquire the natural gas necessary to meet the demand at the Supply Points that are to receive an Interim Supply (using the seasonal normal demand profile).
The Supplier shall, within 10 Days of a request from the Authority, provide the Authority with a detailed breakdown of the elements of the Interim Price that it is proposing (which shall show each component of the Fixed Daily Charges and Variable Charges that comprise the Interim Price, together with such other details and calculations as the Authority may require).
For the avoidance of doubt, the Customer shall continue to be liable for Fixed Daily Charges in respect of the Supply Point until the date the Supply Point Withdrawal is effective in accordance with Paragraph 5.4.
The Fixed Daily Charges (£ per Day) shall be the following: the Administration Fee; where appropriate, GDuOS Charges; the LECable Electricity Premium (where applicable in accordance with the Customer Contract); and any other Approved charges required in order to ensure that the fixed costs associated with a Supply Point are accurately and appropriately allocated.
The Invoice Amount shall be comprised of Variable Charges, Fixed Daily Charges and Metering Charges and shall be exclusive of any VAT or other taxes to be paid or reimbursed by the Customer in accordance with the Customer Contract.
The Supplier’s proposed Interim Price shall be accompanied by a detailed breakdown of the elements of the proposed Interim Price (separately identifying the commodity cost, the Fixed Daily Charges and the Pass-through Charges).
The Customer shall continue to be liable for Fixed Daily Charges in respect of such a Supply Point until the later of: sixty (60) days after notice is given by the Customer under this Clause 4.4; and the date the Supply Point Withdrawal becomes effective in accordance with Clause 4.7, and accordingly, should the Supply Point Withdrawal not become effective in accordance with Clause 4.7, the Customer will remain liable for the relevant Charges.

More Definitions of Fixed Daily Charges

Fixed Daily Charges has the meaning given to it in the applicable Framework Agreement and as notified to the Customer by the Authority from time to time. Force Majeure Event any cause affecting the performance by a Party of its obligations arising from acts, events, omissions, happenings or non-happenings beyond its reasonable control, including acts of God, riots, war or armed conflict, acts of terrorism, acts of government (including the imposition of sanctions or breaking off of diplomatic relations), local government or Regulatory Bodies, fire, flood, storm or earthquake, or disaster but excluding any industrial dispute relating to the Supplier, the Supplier Staff or any other failure in the Supplier's or the Sub-Contractor's supply chain provided that in no circumstances shall lack of funds shall be interpreted as an event beyond a Party’s reasonable control. Framework Agreement has the meaning given to it in the recitals to this Agreement. Gas Product the supply of gas. Good Industry Practice standards, practices, methods and procedures conforming to the Law and the exercise of that degree of skill and care, diligence, prudence and foresight which would be expected from a leading company within the relevant industry or business sector. Half-Hourly Product the supply of electricity measured on a half hourly basis or deemed to be measured on a half hourly basis for the purposes of the BSC. Industry Documents in relation to each Energy Product, has the meaning given to it the applicable Framework Agreement. Intellectual Property Rights patents, trade marks, service marks, design rights (whether registrable or otherwise), applications for any of the foregoing, copyright, know-how, trade or business names and other intellectual property rights or obligations whether registrable or not in any country, including but not limited to the United Kingdom.

Fixed Daily Charges means the NTS Capacity Charge, the LDZ Capacity Charge (including LDZ Customer Charge), any CSEP charge, the Meter Asset Charge, the Meter Reading Charge and the Commission, taken together.

Fixed Daily Charges has the meaning given to it in the Framework Agreement. FOIA the Freedom of Information Act 2000 and any subordinate legislation made under this Act from time to time together with any codes of practice issued by the Information Commissioner in relation to such legislation. Force Majeure Event any cause affecting the performance by a Party of its obligations arising from acts, events, omissions, happenings or non-happenings beyond its reasonable control, including acts of God, riots, war or armed conflict, acts of terrorism, acts of government (including the imposition of sanctions or breaking off of diplomatic relations), local government or Regulatory Bodies (not being any order, regulation or direction under the Act), fire, flood, storm or earthquake, or disaster but excluding any industrial dispute relating to the Supplier, the Supplier Staff or any other failure in the Supplier's or any sub-contractor's supply chain, any outage or failure of, or suspension or reduction of transmission or distribution through or constraints affecting a Distribution System, provided that in no circumstances shall lack of funds shall not be interpreted as an event beyond a Party’s reasonable control. Framework Agreement a framework agreement entered into on [ ] for the procurement of electricity between the Authority and the Supplier, as such agreement may be amended or supplemented from time to. Fraud any offence under Laws creating offences in respect of fraudulent acts (including the Misrepresentation Act 1967) or at common law in respect of fraudulent acts in relation to this Framework Agreement or defrauding or attempting to defraud or conspiring to defraud the Crown. ▇▇▇▇ the Electricity and Electricity Markets Authority established under Section 1 of the Utilities Act 2000, and shall include the Office of Electricity and Electricity Markets (as applicable). General Query a Query which is not an Invoicing Query or a Complaint. Good Industry Practice standards, practices, methods and procedures conforming to the Law and the exercise of that degree of skill and care, diligence, prudence and foresight which would be expected from a leading company within the relevant industry or business sector. Incumbent Supplier the existing Electricity Supplier to the relevant Supply Point immediately prior to the Effective Date. Industry Documents all agreements, licences, authorizations and codes or procedures applicable to the Supplier and relating to or necessary for the Supply...