Historic Demand definition

Historic Demand means in relation to: (a) the First Procurement Round, the volume of natural gas supplied by the previous Gas Supplier to the relevant DM Meter as determined by reference to the invoiced volume of natural gas in respect of a period of a Year ending on the six (6) Month Procurement Round Commitment Point for the First Procurement Round; and (b) subsequent Procurement Rounds, the volume of Gas Products supplied by the Supplier to the relevant DM Meter in the previous Procurement Round in the relevant Procurement Year.
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Historic Demand has the meaning given to it in the Framework Agreement.
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Historic Demand means the estimated annual quantity of water, as determined by Authority, historically delivered by Authority or Authority’s predecessor to a Service Property.
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Examples of Historic Demand in a sentence

  • The Customer's estimate may only deviate from Historic Demand on reasonable grounds and the Customer shall provide the Supplier with its grounds for such deviation ("Nominated Consumption").

  • The Customer shall ensure that the Nominated Consumption is, as far as is reasonably practicable, based on the Historic Demand of natural gas supplied to the DM Supply Meter Point and takes into account any planned shutdowns of the DM Supply Meter Point in the relevant Supply Year.

  • As soon as reasonably practicable after the Commencement Date, the Authority shall notify the Supplier of the Managed Registration Information and Historic Demand (save, in either case, to the extent that the Supplier already has it) for each Existing Customer (including the MPRNs for each of the Meters included in all Supply Points at each of the Customer’s Sites).

  • Save to the extent the Supplier already has it, the Authority shall provide the Supplier with the Historic Demand in respect of the First Procurement Round at the same time as it provides the Supplier with the Managed Registration Information.

  • The Customer agrees that the Nominated Consumption may only deviate from Historic Demand on reasonable grounds and that the Customer shall provide the Supplier with details of any such reasonable grounds for such deviation with its notification of Nominated Consumption pursuant to this Clause 4.1.

  • Such proposal shall be based on the Historic Demand for that DM Meter and shall take into account any planned shutdowns of the Site or Supply Point affecting the DM Meter as notified by the Customer to the Supplier in accordance with the Customer Contract.

  • Historic Demand in relation to: (i) the First Price Setting Round, the volume of natural gas supplied to the relevant Meter as determined by reference to the invoiced volume of natural gas in respect of a period of a Year ending on the six (6) Month Price Setting Round Commitment Point for the First Price Setting Round; and (ii) subsequent Price Setting Rounds, the volume of Gas Products supplied by the Supplier to the relevant Meter in the previous Price Setting Round in the relevant Supply Year.

Related to Historic Demand

  • Peak Demand means the maximum Metered Demand in the last 12 months;

  • Billing Demand means the metered demand or connected load after necessary adjustments have been made for power factor, intermittent rating, transformer losses and minimum billing. A measurement in kiloWatts (kW) of the maximum rate at which electricity is consumed during a billing period;

  • on demand means a system where a user, subscriber or viewer is enabled to access, at a time chosen by such user, any content in electronic form, which is transmitted over a computer resource and is selected by the user;

  • Certificate of Unpaid Demand Note Demand means a certificate substantially in the form of Annex B to any Multi-Series Letter of Credit.

  • Video-On-Demand or “VOD” means a programming system for transmission and retransmission of a single motion picture or programme (or series of related programs) delivered by means of a telecommunications or other technical system from a digital storage devise or presented in any form that permits Exhibition of such motion picture or programs in a non-linear form at the discretion of the viewer.