Rate Ready definition

Rate Ready means a form of gas distributor-consolidated billing where the Gas Vendor provides to the Gas Distributor price information sufficient for the Gas Distributor to calculate the gas commodity charges payable by the customer;

Rate Ready. Accounts. For account(s) in which the applicable utility uses a “rate ready” billing system, the Contract Price during the Post-Term Period shall be a monthly variable rate set by ENGIE plus a post-term charge and any applicable non-utility related charges, ISO charges or administrative fees. Taxes and Utility Related Charges are separately listed in an invoice. Customer may terminate post-term service at any time without liability. On-Site Customer Generation: The Contract Price is conditioned upon Customer’s representation that, except for emergency back-up generation used when the local utility is not capable of delivering electricity or educational tools for student development that do not produce material quantities of generation, Customer does not currently operate on-site generation or thermal storage facilities. Customer’s installation and operation of on-site generation or thermal storage during the Transaction Term shall not be prohibited or a violation of this provision; provided, however, Customer shall provide ENGIE with notice regarding the size, operating characteristics, and installation schedule of the contemplated generation within a commercially reasonable time prior to the operation start date. If such operation causes a decrease in excess of twenty percent (20%) below in the net monthly consumption volume across all facilities served pursuant to this Sales Confirmation (per the initial Monthly Anticipated Consumption table on Attachment A), ENGIE may calculate in a commercially reasonable manner the value of any economic loss resulting from the reduced load caused by such operations and such shall be due from Customer to ENGIE. Government/Public Entity Payment Terms and Indemnity Waiver. This Agreement may be subject to state mandated payment term requirements for government/public entities; Customer shall provide a written verification of the applicability of such provision(s) to ENGIE to receive such extended terms at an additional cost to be determined by ENGIE. To the extent prohibited by state law or other statute, the Indemnification provision set forth in the Master Agreement shall be inapplicable. Performance Assurance. In the event that Customer provides Performance Assurance, such Performance Assurance shall remain in place until 90 days beyond the End Date. If such Performance Assurance is in the form of cash, any remaining balance shall be returned to Customer after all payment obligations have been fulfilled. ‘Independent ...

Rate Ready means the company doing the billing knows the rates of the other party, calculates the other party’s charges, and prints them on a consolidated bill.

Examples of Rate Ready in a sentence

• UCB/POR for Group A (RES Name) Signature: Printed Name: Title: Date: Attachment B UCB/POR Designation of Billing Option Type By placing an “X” in one or both of the far left-hand column cells of the table below, the RES shall indicate the type(s) of UCB/POR (i.e. Xxxx Ready, Rate Ready, or both) that the RES elects to utilize along with the effective date(s).

• In addition, either party to this Company Rate Ready Consolidated Billing Addendum may terminate this Company Consolidated Rate Ready Billing Addendum at any time upon not less than 30-days' written notice to the other Party.

• This Company Consolidated Rate Ready Billing Addendum may be executed in any number of counterparts and by the Parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

• If the ESCO and/or the utility can not successfully complete more than 75% of the Utility Rate Ready Invoices test cycles within three iterations of test data submission, the ESCO and/or the utility will have the option to request that testing be ceased in order to allow sufficient time for parties to make required system changes in order to resume productive testing activities.

• Any provisions of this Company Consolidated Rate Ready Billing Addendum which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provisions in any other jurisdiction.

• In the event any CRES Provider’s charges are not included on a Company Rate Ready billing for any reason, the only obligation the Company shall have is to include those charges on the next monthly bill unless one or more of the exempting conditions exist as described in Section 2.2 of this agreement.

• The CRES Provider understands and agrees that it will not send to the Company any CRES Provider message of any type, including any CRES Provider logos, to present on any Company Rate Ready billing.

• The Company will take reasonable efforts to display any messages on the Company’s Rate Ready billing pertaining to CRES Provider charges and those messages which are required by regulatory or governmental agencies.

• Each Party to this Company Consolidated Rate Ready Billing Addendum shall provide to the other Party, upon execution of this Addendum and by December 1 of each year during the term of this Company Consolidated Billing Addendum, a schedule of the holidays it observes for the following calendar year.

• The CRES Provider shall not be charged any fee for the Company Consolidated Rate Ready Billing through the expiration date of this addendum.

More Definitions of Rate Ready

Rate Ready. Accounts. For account(s) in which the utility uses a “rate ready” billing system, the Contract Price during the post-term period shall be a monthly variable rate set by ENGIE plus a post-term charge and any applicable non-utility related charges, ISO charges or administrative fees. Taxes and Utility Related Charges are separately listed in an invoice. Customer may terminate post-term service at any time without liability. ON-SITE CUSTOMER GENERATION: The Contract Price is conditioned on Customer’s representation that, except for emergency back-up generation used when the local utility is not capable of delivering electricity, Customer does not operate on-site generation or thermal storage facilities. If Customer does operate on-site generation or thermal storage, ENGIE shall calculate in a commercially reasonable manner the present value of any economic loss resulting from the reduced load caused by such operation, and such loss shall be due from the Customer. Government/Public Entity Payment Terms and Indemnity Waiver. This Agreement may be subject to state mandated payment term requirements for government/public entities; Customer shall provide a written verification of the applicability of such provision(s) to ENGIE to receive such extended terms at an additional cost to be determined by ENGIE. To the extent prohibited by state law or other statute, the Indemnification provision set forth in Section 2.9 of the Master Agreement shall be inapplicable. Independent System Operator (ISO) means the system operator that controls or governs the transmission and distribution system or any successor thereto for the location where the facility(ies) are physically located.

Rate Ready. Shall have the meaning set forth in the Company’ Supplier Tariff as filed with the PaPUC and available on the Company’s website.

Rate Ready means the consolidated billing practice in which the non-billing party provides rate information to the billing party to calculate and include the non-billing party’s charges on the consolidated bill.

Rate Ready means a Certified Supplier billing option under which the Company will perform consumption calculations and apply the Certified Supplier’s rates to create charges for the End-use Customer for presentment on the End-use Customer’s bill issued by the Company.

Rate Ready means the consolidated billing practice in which the nonbilling party provides rate information to the billing party to calculate and include the nonbilling party's charges on the consolidated bill. ]

Rate Ready. Accounts. For account(s) in which the utility uses a “rate ready” billing system, the Contract Price during the post-term period shall be a monthly variable rate set by ENGIE plus a post-term charge and any applicable non-utility related charges, ISO charges or administrative fees. Taxes and Utility Related Charges are separately listed in an invoice. Customer may terminate post-term service at any time without liability. ON-SITE CUSTOMER GENERATION: The Contract Price is conditioned on Customer’s representation that, except for emergency back-up generation used when the local utility is not capable of delivering electricity, Customer does not operate on-site generation or thermal storage facilities. If Customer does operate on-site generation or thermal storage, ENGIE shall calculate in a commercially reasonable manner the present value of any economic loss resulting from the reduced load caused by such operation, and such loss shall be due from the Customer.