Gas Year Y-1 definition

Gas Year Y-1 means the Gas Year immediately preceding Gas Year Y;
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Examples of Gas Year Y-1 in a sentence

  • The earliest date upon which a reduction may be effective shall be 1 October in Gas Year Y+1 or such later date (being the first day of a calendar month) as determined in accordance with the principles in the prevailing Exit Capacity Release Methodology Statement.

  • This is required as the Buyback Caps to be determined for October, November and December of Gas Year Y+1 must be closed before the net OS revenues for Gas Year Y is finalised.

  • National Grid NTS and the DNO User will discuss in good faith which of the NTS/LDZ Offtakes are to be given Significant Offtake status for Gas Year Y+1 with a view to agreeing by 30 September a list of Significant Offtakes for inclusion in the Offtake Pressure Statement to be issued by such date in accordance with paragraph 2.5.2.

  • Annual IP Capacity will be auctioned simultaneously and independently in respect of each Gas Year Y+1 to Y+15 inclusive.

  • For Gas Year Y+1, Y+2, Y+3 and Y+4 an FCC estimate for all Entry Points and Exit Points is provided in order to inform indicative prices.

  • In these annual capacity auctions held in August, November, February and May, National Grid sells Firm Interconnection Point Capacity for each remaining quarter of Gas Year Y+1 (e.g. an auction held in August 2017 will be for capacity release commencing October 2017to December 2017, January 2018 to March 2018, April 2018 to June 2018 and July 2018 to September 2018).

  • The Final NTS Exit Capacity Prices are published annually in May (Gas Year Y) to be effective from the following October (Gas Year Y+1).

  • In these annual capacity auctions held in August, November, February and May National Grid sells Firm Interconnection Point Capacity for each remaining quarter of Gas Year Y+1 (e.g. an auction held in August 2017 will be for capacity release for quarters October 2017 to December 2017, January 2018 to March 2018, April 2018 to June 2018 and July 2018 to September 2018).

  • For South North Interconnection Point, after 1 February in the following Gas Year Y+1, Shippers shall be allocated a proportion of the ‘Shipper’s Aggregate SN Share’ pro-rata to the sum of their Final IP Entry Allocations at South North IP Entry Point for the relevant Gas Year Y.

  • No request(s) can be made for Long Term Non Firm Capacity within Gas Year Y+1 unless the relevant Notice of Gas Transmission Transportation Charges, stating either the AMSEC auction Reserve Prices or the Exit Capacity Actual prices, as appropriate, has been published.

Related to Gas Year Y-1

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Energy year or "EY" means the 12-month period from June 1st

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Class Year Study means a Class Year Interconnection Facilities Study as that term is defined in OATT Section 25 (OATT Attachment S).

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.