Price Setting Round definition

Price Setting Round has the meaning given to it in the Framework Agreement.
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Price Setting Round has the meaning given to it in the applicable Framework Agreement. Procurement Services the procurement, demand and supply management services for Energy Products provided by the Authority to the Customer in accordance with this Agreement and the applicable Framework Agreement and which shall include entering into Transactions to fix and unfix the price of Energy Products. Registered has the meaning given to it in the Uniform Network Code. Regulatory Bodies those government departments and regulatory, statutory and other entities, committees and bodies which, whether under statute, rules, regulations, codes of practice or otherwise, are entitled to regulate, investigate, or influence the matters dealt with in this Agreement or any other affairs of the Authority and "Regulatory Body" shall be construed accordingly. Relevant Customer each customer which has entered into a customer access agreement in order to benefit from a Framework Agreement or a Previous Framework Agreement. Risk Type in relation to any Energy Product, the classification of the risk profile for that product. Services (i) the Procurement Services; (ii) the general customer services set out in Clause 2.6; (iii) contract management services in accordance with Clause 2.7, 2.8 and 2.9; and (iv) liaison services, in accordance with Clause 2.10. Site has the meaning given to it in the applicable Framework Agreement.
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Examples of Price Setting Round in a sentence

  • The Authority may, at any time between the relevant Price Setting Round Closing Date and the date which falls one Month before the first Day of the relevant Supply Year, instruct the Supplier to provide the Authority with a final Purchase Shape for Approval, based on the most up-to-date Customer Site Specific Information at the time (“Final Purchase Shape”).

  • Unless otherwise agreed by the Authority and the Supplier, Customers will join Price Setting Rounds prior to specified entry points (each being a (“Price Setting Round Commitment Point”)) as notified by the Authority to the Supplier and the Customers from time to time, provided that such Price Setting Round Commitment Points shall in no circumstances be later than the Price Setting Round Closing Date in respect of the relevant Supply Year.

  • The Authority may set a price for volumes of gas in respect of a Price Setting Round before receipt by the Authority of the Final Purchase Shape from the Supplier.

  • In relation to each Price Setting Round relating to the Monthly Product, the Authority shall determine the volumes of gas to be allocated.

  • 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.

  • The aggregate of the Actual Deemed Demand for all the Committed Customers in any Supply Month shall be deemed to be the (“Total Actual Demand”) in that Supply Month for the relevant Price Setting Round.

  • For each Supply Point, based on the information obtained under Paragraph 4.1, the Supplier shall calculate the Monthly Percentage in accordance with the following formula for each Price Setting Round, and for each Supply Month in the Supply Year: MPm = MQm / AQm Where: MPm is the Monthly Percentage for Supply Month m MQm is the Monthly Quantity for Supply Month m AQm is the AQ for Supply Month m.

  • Hedged Percentage ninety percent (90%), or such other percentage as the Authority notifies to the Supplier as applicable to any Price Setting Round.

  • In the case of each Price Setting Round, the Authority shall notify the Supplier prior to the Supply Start Date for that Price Setting Round whether that Price Setting Round is to be subject to the "Balancing Fee (Heren)" set out below or the "Balancing Fee (SMP)" set out below (and, where the Authority gives no such notification, the Balancing Fee (SMP) shall apply).

  • The aggregate of the Supply Meter Point Daily Quantities for any Day for the Meters included in all of the Supply Points of all Committed Customers for any Price Setting Round (as specified in the Site List) shall be the ("Total Actual Demand") for that Day and that Price Setting Round.