Retailer of Last Resort Event means an event or circumstance that triggers the operation of the retailer of last resort scheme in relation to us under the Relevant Regulations.
Retailer of Last Resort Event or “RoLR Event” means an event whereby a Licensee becomes unable or loses the right to retail electricity to its consumers by virtue of one or more of the following events:
Retailer of Last Resort Event or “RoLR Event” means an event that triggers the operation of the Retailer of Last Resort scheme under the Rules;
Examples of Retailer of Last Resort Event in a sentence
Commission may specify Retailer of Last Resort procedures in guidelines in relation to any matter in connection with a Retailer of Last Resort Event.
Retailer of Last Resort Event If we are no longer entitled by law to sell energy to you due to a Retailer of Last Resort (RoLR) event occurring in relation to us, this Contract will terminate in relation to the relevant Retail Service.
If the Commission becomes aware of any acts, omissions or circumstances that in the Commission's opinion may lead to a Retailer of Last Resort Event, or if the Commission believes on reasonable grounds that a Retailer of Last Resort Event has occurred, the Commission may by notice to the relevant retailer require the retailer to provide the Commission with specified information and documents, including details of that retailer's customers and copies of customer contracts.
Rule modifications introduced in RC 359: Review of Credit Support Requirements in Alignment with the Lead Time for Transfers During a Retailer of Last Resort Event 11 increased the prudential requirements in accordance with the extended suspension process timeline accommodating the RoLR framework.Proposal 6: we propose that the timeline for submission of bilateral contract data be updated to T-15 calendar days to accommodate the RoLR timeline.
For the avoidance of doubt, the Commission is not required to issue a ROLR Notice following the occurrence of a Retailer of Last Resort Event if it does not wish clause 9.6 to apply.
More Definitions of Retailer of Last Resort Event
Retailer of Last Resort Event means an event whereby a Retailer becomes unable or loses right to retail electricity to its customers by virtue of one or more of the following events; (i) revocation by the Authority, or expiry or non-renewal, of the Retailer’s electricity license; (ii) receipt by the Authority of a notification from the Accounting and Corporate Regulatory Authority of the Retailer’s application for a voluntary winding up after the Retailer’s receipt of the Authority’s approval to cease operations as required in the Act; (iii) an order is made or resolution is passes for the winding up or liquidation of the Retailer; (iv) issuance of a Suspension Order or Termination Order by the Market Surveillance and Compliance Panel to the effect that the Licensee is unable or not allowed to retail electricity; and (v) termination of the Licensee’s Retailer Use of System Agreement by Transmission Licensee.
Retailer of Last Resort Event or “RoLR Event”), unless the Consumer successfully transfers to another retailer prior to the Default Supply Effective Date (as defined hereinafter), the Consumer shall be deemed to have agreed to purchase electricity from the applicable MSSL at the prevailing regulated tariff with effect on and from the date which the MSSL successfully transfers the Consumer to the default supply arrangement (“Default Supply Effective Date”). In addition, the Consumer shall be deemed to have given its consent to the Retailer to apply for the cessation of classification as a contestable consumer with effect on and from the Default Supply Effective Date.
Retailer of Last Resort Event or “ROLR Event” means an event whereby the Company becomes unable or loses the right to retail Electricity to its Customers by virtue of one or more of the following events: (i) revocation by EMA, or expiry or non-renewal, of the Company’s Electricity Licence; (ii) receipt by EMA of a notification from the Accounting and Corporate Regulatory Authority of the Company’s application for a voluntary winding-up after the Company’s receipt of EMA’s approval to cease operations as required under the Act; (iii) an order is made or resolution is passed for the winding up or liquidation of the Company; (iv) issuance of a Suspension Order or Termination Order by the Market Surveillance and Compliance Panel to the effect that the Company is unable or not allowed to retail Electricity; (v) termination of the Company’s Market Support Services (Retailer) Agreement by the MSSL; or (vi) termination of the Company’s Retailer Use of System Agreement by the Transmission Licensee;
Retailer of Last Resort Event has the meaning given to it in the relevant rules. Relevant rules means: For customers in Victoria – the Electricity Industry Act 2000, the Energy Retail Code issued by the Essential Services Commission; For customers in South Australia and New South Wales, the National Energy Customer Framework comprising the National Energy Retail Law and the National Energy Retail Rules.
Retailer of Last Resort Event means an event whereby a Retailer becomes unable or loses its right to retail electricity to its customers by virtue of one or more of the following events; (i) revocation by the Authority, or expiry or non-renewal, of the Retailer’s electricity license; (ii) receipt by the Authority of a notification from the Accounting and Corporate Regulatory Authority of the Retailer’s application for a voluntary winding up after the Retailer’s receipt of the Authority’s approval to cease operations as required in the Act; (iii) an order is made or resolution is passed for the winding up or liquidation of the Retailer; (iv) issuance of a Suspension Order or Termination Order by the Market Surveillance and Compliance Panel to the effect that the Licensee is unable or not allowed to retail electricity; (v) termination of the Licensee’s Market Support Services Agreement by the MSSL (vi) termination of the Licensee’s Retailer Use of System Agreement by the Transmission Licensee "Services" any services or products or applications which we provide to you in connection with electricity sales or related services. "Service Address" the address at which we agree to provide the Services. “SP Group” refers to Market Support Service Licensee (“MSSL”), which provides services such as the settlement of bills, meter reading and data management, as well as customer transfer services for contestable consumers who switch from one electricity retailer to another. The current Market Support Service Licensee is SP Services Ltd, which is a member of SP Group. "Sunseap Intellectual Property" all copyrights, patents, trademarks, tradenames, logos, service marks and other intellectual property or proprietary rights in or related to us and any Service. "Taxes" any and all taxes, goods and services tax, duties, levies and other similar charges imposed under any law in respect of the provision of the Services or on any Charges or payment due from or payable by you to us. “Transmission Licensee” refers to licensee (SP PowerAssets Ltd) who owns and manages the electricity transmission system that transmits electricity from the generation companies to customers. "Unauthorised Acts" any tampering, modification, removal, destruction and/or damage of or to the meter & cabling, unauthorised connection to the meter & cabling, including without limitation, such connections that cause interruption, disruption, congestion in and to the meter & cabling or use of the Network for a purpose other than that of th...
Retailer of Last Resort Event or “RoLR Event” means an event whereby a Licensee becomes unable or loses the right to retail electricity to you by virtue of one or more of the following events:
Retailer of Last Resort Event means an event where your retailer’s retail licence has been suspended or cancelled or your retailer’s authority or right to acquire electricity from the market for wholesale trading in electricity has been suspended or terminated or the retailer has ceased to sell electricity in South Australia;