Examples of Overrun Quantity in a sentence
Overrun Quantity means each quantity of Gas which is delivered to or on account of Shipper at each Delivery Point in respect of a Service on a Day in excess of the quantity of Gas scheduled to be delivered, and not curtailed in accordance with this Agreement, to that Delivery Point on that Day to or on account of Shipper under that Service.
No transfer of any rights in relation to Authorised Overrun Quantity is permitted.
An Unauthorised Overrun will occur where the User incurs an Overrun Quantity on a Day or in an Hour which is not an Authorised Overrun.
If on any Day the Customer has a Withdrawal Overrun Quantity greater than zero (0), SL shall sell to the Customer the Withdrawal Overrun Quantity from SL at a purchase price calculated in accordance with the following formula: PDQSMAX(D) = (1.25 x SMBP + (Withdrawal Charge + Injection Charge)) x DQSMAX(D) where: PDQSMAX(D) is the Withdrawal Overrun Quantity purchase price in pence; SMBP(D) System Marginal Buy Price in pence/kWh on such Day; and DQSMAX(D) is the Withdrawal Overrun Quantity in kWh.
For any Unauthorised Overrun Service, the relevant User shall pay an unauthorised overrun charge equal to the Overrun Quantity multiplied by the Unauthorised Overrun Rate.