Examples of Shortfall Charge in a sentence
Third Party Suppliers who fail to adhere to this requirement and have a negative cumulative imbalance (in aggregate the Customers used more gas than was delivered in aggregate by the Third Party Supplier), will be charged at the delivery Shortfall Charge for the volume required to bring them to a 10% imbalance.
The Transmission Owner responsible, as determined pursuant to Section 20.2.4.4, for a Qualifying DAM Outage or Qualifying DAM Return-to-Service shall be allocated an O/R-t-S Congestion Rent Shortfall Charge or an O/R-t-S Congestion Rent Surplus Payment pursuant to Sections 20.2.4.2.2 or 20.2.4.2.3.20.2.4.2.1.1 Definition of Qualifying DAM Outage A “Qualifying DAM Outage” shall be defined to mean either an Actual Qualifying DAM Outage or a Deemed Qualifying DAM Outage.
The Transmission Owner responsible, as determined pursuant to Section 20.2.4.4, for a Qualifying DAM Outage or Qualifying DAM Return-to-Service shall be allocated an O/R-t-S Congestion Rent Shortfall Charge or an O/R-t-S Congestion Rent Surplus Payment pursuant to Sections 20.2.4.2.2 or 20.2.4.2.3. 20.2.4.2.1.1 Definition of Qualifying DAM Outage A “Qualifying DAM Outage” shall be defined to mean either an Actual Qualifying DAM Outage or a Deemed Qualifying DAM Outage.
If CUSTOMER fails to meet any Minimum Revenue Commitment in a Commitment Period, then CUSTOMER will pay a Shortfall Charge equal to the difference between the Minimum Revenue Commitment and the amount of Eligible Charges for that Minimum Revenue Commitment incurred during the Commitment Period.
The Transmission Owner responsible, as determined pursuant to Section 20.2.4.4, for a Qualifying DAM Outage or Qualifying DAM Return-to-Service shall be allocated an O/R-t-S Congestion Rent Shortfall Charge or an O/R-t-S Congestion Rent Surplus Payment pursuant to Sections 20.2.4.2.2 or 20.2.4.2.3. 20.2.4.2.1.1 Definition of Qualifying DAM Outage A “Qualifying DAM Outage” shall be defined to mean either an Actual QualifyingDAM Outage or a Deemed Qualifying DAM Outage.
If the MARC/MRC-Eligible Charges of either of TA or FVE fall below their respective Pro-Rata Percentage (as adjusted) at any time, TA or FVE, as the case may be, will be solely responsible for the Shortfall Charge attributable thereto and will reimburse RMR an amount equal to Shortfall Charge attributable thereto, promptly on demand.
Seller’s payment of the Production Shortfall Charge shall be Buyer’s sole and exclusive remedy for Seller’s failure to cause the Solar Energy Facility to produce the Guaranteed Electric Output in each applicable Guaranteed Period.
ORA and SDG&E argue that this is not fair.On the other hand, various parties representing CustomerGeneration interests take the opposite position, arguing that even the Shortfall Charge is too much, and that in fact, no shortfall charge should be assessed at all, particularly for certain preferred categories of alternative generation.
For the avoidance of doubt, under no circumstances will the Adjustment Charge or Shortfall Charge be payable by us to you.
If the Agreement were altered to apply a uniform Bond Chargeequivalent that applied to direct access customers, then the whole calculation and qualification sections of Section 5.3 would become superfluous (with the exception of 5.3.3 which allows a lump sum payment of the bond charge).Settling Parties defend the 72% Shortfall Charge, arguing that itmerely represents an alternative rate design.