Monthly Demand Charge definition

Monthly Demand Charge. The Network Customer shall pay a monthly demand charge, which shall be determined by multiplying its Load Ratio Share times one- twelfth (1/12) of the Transmission Provider's annual transmission revenue requirement specified in Attachment H herein. A new Network Customer shall pay the monthly demand charge commencing on the first day of the month during which Network Integration Transmission Service is initiated.
Monthly Demand Charge means the charge set forth in Section 6.2. “Monthly Demand Rate” shall have the meaning specified in Section 6.2(a). “Monthly Fuel Charge” shall have the meaning specified in Section 6.4(a).
Monthly Demand Charge for a Month shall be equal to the product of (i) the Monthly Billing Demand for the Month (in kW), and (ii) the Monthly Demand Rate ($/kW- Month).

Examples of Monthly Demand Charge in a sentence

  • However, if Buyer or an LSE purchase capacity and energy from a PURPA Resource, then (i) the quantity of the purchased energy shall reduce the Requirements Portion and shall not be added back by Seller for the purpose of calculating the Monthly Energy Charge, and (ii) the quantity of the purchased capacity shall be added back by Seller for the purpose of calculating the Monthly Demand Charge (to the extent such PURPA Resources are Internal Resources that would reduce LSEs Metered Load).

  • After January 1, 2035, Seller shall not include any costs or charges relating to a Proposed Resource that is not completed or under construction as of January 1, 2035, in the Monthly Demand Charge or the Monthly Energy Charge in the Formula Rate unless such Proposed Resource is also a Shared Resource.

  • The Monthly Demand Charge will be recalculated to produce an annual demand revenue of $2,549,903 established in Cause No. 44988 to become effective in June.

  • The sole issue in any such proceeding shall be the justness and reasonableness of the proposed rate rider, and neither Party shall seek changes to the Monthly Demand Charge or Monthly Energy Charge applicable during the Rate Freeze.

  • However, in the event that energy to be delivered to Buyer hereunder cannot be delivered because of contingencies or limitations due to Force Majeure, Curtailments, interruptions, or reductions of Transmission Service at and from a Seller Delivery Point to a Buyer Delivery Point for a period greater than ten (10) calendar days, the Monthly Demand Charge specified in Section 6.2 and the Monthly Energy Charge specified in Section 6.4 shall be adjusted to the extent of such limitations.

  • The Monthly Demand Charge will be recalculated to produce an annual demand revenue of $805,239 established in Cause No. 44988 to become effective in June.

  • Notwithstanding the foregoing, Buyer shall remain obligated to pay the Monthly Demand Charge for such Month calculated in accordance with Section 6.2.

  • Buyer shall pay to Seller the Monthly Demand Charge set forth in Section 6.2 and the Seller Monthly Energy Charge set forth in Section 6.4.

  • The Monthly Demand Charge will be recalculated to produce an annual demand revenue of $250,161 established in Cause No. 44988 to become effective in June.

  • Monthly Demand Charge per Section 34 and Part V of the Tariff shall be treated pursuant to the Missouri Agreement.


More Definitions of Monthly Demand Charge

Monthly Demand Charge means the rate charged to the Customer for Distribution Service under this Agreement, calculated in accordance with Section 4.1 herein.
Monthly Demand Charge means the payments to be made by Customer to ECS pursuant to Section 3.2 of this Agreement.
Monthly Demand Charge. Demand charge $8.00 per kW The monthly Demand Charge shall be the highest recorded 15-minute demand (kW). POWER COST ADJUSTMENT (PCA) A monthly Power Cost Adjustment (PCA) may be applied to all Non-Standby Energy. The PCA shall be based on the current month's kWh usage. The formula for calculating the PCA is based upon budgeted and actual wholesale power supply costs. The PCA and the formula used for calculating it will change from time to time without notice. POWER FACTOR PENALTY CHARGE A power factor penalty shall be applied for an average power factor less than 92% lagging or greater than 95% leading. The power factor penalty applies to either a lagging or leading power factor. The average monthly power factor shall be determined by the utility billing meter. The power factor penalty charge will be an adjustment added to the monthly Demand Charge. The penalty shall only be applied when the average power factor exceeds the limit. The penalty shall be calculated as follows: Lagging Power Factor The monthly Demand (kW) multiplied by a power factor of 93% divided by the actual average power factor obtained from the billing meter. The resultant value less the actual monthly demand (kW) shall be charged at the current demand rate. Expressed as an equation thus: [[monthly demand X 93%] ] [[--------------------]- monthly demand] X demand rate [[actual power factor ] ] Leading Power Factor The monthly Demand (kW) multiplied by a power factor of 95% divided by the actual average power factor obtained from the billing meter. The resultant value less the actual monthly demand (kW) shall be charged at the current demand rate. Expressed as an equation thus: [[monthly demand X 95%] ] [[--------------------]- monthly demand] X demand rate [[actual power factor ] ]

Related to Monthly Demand Charge

  • Demand Charge means the charge, expressed in $/103m3/month for Firm Service except Seasonal Service or Daily Seasonal Service, in $/103m3/day for Seasonal Service, as specified in Schedule "A" to Shipper's Firm Transportation Service Agreement, and in $/103m3/day for Daily Seasonal Service, as specified in each Schedule "B-2" to Shipper's Firm Transportation Service Agreement.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Annual Service Charge for any period means the aggregate interest expense for such period in respect of, and the amortization during such period of any original issue discount of, Indebtedness of the Issuer and its Subsidiaries.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Transition bond charge means a charge, expressed as an

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Capacity Charge means a charge for public facilities in existence at the time a charge is imposed or charges for new public facilities to be acquired or constructed in the future that are of proportional benefit to the person or property being charged, including supply or capacity contracts for rights or entitlements, real property interests, and entitlements and other rights of the local agency involving capital expense relating to its use of existing or new public facilities. A “capacity charge” does not include a commodity charge.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Additional Servicing Expenses means (a) all Property Protection Advances, fees and/or expenses incurred by and reimbursable to any Servicer, Trustee, Certificate Administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization Servicing Agreement.

  • Access Charge has the meaning set out in Clause 6.1;

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Termination Charge means a charge levied when an unamortized balance remains and the Jurisdiction requests termination of Street Lighting Service. The charge is determined by costs of equipment, installation, removal, disposal, Capital Recovery Period, and Utility Financing Cost minus payments made to date for the specific fixtures.

  • Market transition charge means a charge imposed pursuant to

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay