Pricing Zone definition
Examples of Pricing Zone in a sentence
If a Train Path spans more than one Pricing Zone, then the Average Path Usages for that Train Path will count towards the Tolerance in each Pricing Zone.
If the Access Holder also has another mine located in Pricing Zone 1 and has 200 Path Usages on the Train Path associated with that mine, then the Access Holder will have a total Monthly Tolerance of 35 Path Usages in Pricing Zone 1 and 15 Path Usages in Pricing Zone 3.
For example, if the Access Holder has 150 Path Usages on a Train Path that spans Pricing Zone 3 (where the mine is located) and Pricing Zone 1 (where the Port is located), the Access Holder will have a Monthly Tolerance of 15 Path Usages in each of Pricing Zone 1 and 3.
For example, if the Access Holder has 150 Path Usages on a Train Path that spans Pricing Zone 3 (where the mine is located) and Pricing Zone 1 (where the Port of Newcastle is located), the Access Holder will have a Monthly Tolerance of 15 Path Usages in each of Pricing Zone 1 and 3.
For each Ad Hoc Path Usage, and each Path Usage which is agreed by ARTC and the Access Holder to be provided on an ad-hoc basis, the Access Holder must pay a Charge (“Ad Hoc Charge”) equal to the TOP Price PZ for each Pricing Zone spanned by the Train Path (in addition to the Non-TOP Charge).
If a Train Path spans more than one Pricing Zone, then the Monthly Average Path Usages for that Train Path will count towards the Monthly Tolerance in each Pricing Zone.
TOP is the TOP Price for the Train Path in the Pricing Zone multiplied by the Monthly GTK for the Train Path in the Pricing Zone (as both defined in clause 1 of Schedule 3), divided by the number of Monthly Average Path Usages for that Train Path; ∑ (SMR1….SMR12) is the sum of the system monthly rebates accrued by the Access Holder for that Train Path in the previous Contract Year, calculated in accordance with Schedule 2 of this agreement.
For Pricing Zone 3, the starting DORC is not justified and should be determined considering the cost of ARTC's investment and the economic value based on continuation of existing pricing policies.
The initial average remaining mine life of Hunter Valley coal mines utilising a Pricing Zone may vary between Pricing Zones to apply for the first 5 years of the Undertaking will be an average remaining mine life approved by the ACCC for each Pricing Zone.
Distribution of Joint Pricing Zone revenues under this Article III is illustrated in Attachment A hereto.