Last Resort Supply Direction definition

Last Resort Supply Direction means a direction given to a supplier by the Regulatory Authority requiring it to make available a supply of Energy to premises previously supplied by another supplier.

Last Resort Supply Direction means a direction given by the Authority to the

Last Resort Supply Direction means a direction given to a supplier (the Supplier of Last Resort) by the Commission requiring it to make available a supply of Natural Gas and/ or electricity to premises previously supplied by another supplier;

Examples of Last Resort Supply Direction in a sentence

The changes included the temporary introduction of a faster, multiple-claims process whereby SoLRs are able to submit more than one claim in relation to each Last Resort Supply Direction.
The information on the Company’s website or linked to or from the Company’s website is not incorporated by reference into, and does not constitute a part of, this report or any other documents the Company files with, or furnishes to, the SEC.
If the licensee purchases electricity to comply with a Last Resort Supply Direction, it must take all reasonable steps to do so as economically as possible in all the circumstances of the case.
Under Ofgem’s licence conditions, the Group was entitled to make a Last Resort Supplier Payment (LRSP) claim for the shortfall between costs reasonably incurred in supplying gas and electricity to premises under the Last Resort Supply Direction, and the charges recovered from customers.The Group submitted an initial claim in 2021 and a second claim in 2022, both of which were accepted by Ofgem.
If we are unable to continue supplying our customers, Ofgem may give a Last Resort Supply Direction.

Last Resort Supply Direction means a direction issued by the Commission from time to time to the SoLR (and copied by the Commission to the Transporter) identifying the Failed Supplier, instructing the SoLR to fulfil the function of SoLR with respect to the supply of Natural Gas to End Users of such Failed Supplier and referencing the Offtake Point(s) in respect of which the SoLR is to fulfil the function of SoLR;

Last Resort Supply Direction means a direction given by the Authority to a Supplier requiring it to make available a supply of Gas to premises previously supplied by another Supplier;

Last Resort Supply Direction means a direction given to a supplier (the Supplier of Last Resort) by the Commission requiring it to make available a supply of Natural Gas to

Last Resort Supply Direction. : means a direction given by the Regulator to an electricity supplier requiring it to make available a supply of electricity to premises previously supplied by another supplier; “Meter Provider”: means Northern Ireland Electricity plc, or such other company as may be appointed to provide, install, maintain and administer the Equipment. For queries about your meter telephone 03457 643 643 or email customercontact@nie.co.uk;

Last Resort Supply Direction means a direction given to the Supplier of Last Resort by

Last Resort Supply Direction means a direction given by the Utility Regulator to another Supplier to assume responsibility for Supply to Your premises

Last Resort Supply Direction means a direction given by the Authority to Power NI in accordance with Condition 22 of the Supply Licence.