Supplier of Last Resort definition

Supplier of Last Resort means a supplier who is designated by a Member State to take over the supply of electricity to customers of a supplier which has ceased to operate;

Supplier of Last Resort means, in relation to a BM Unit comprising or including premises of one or more Customers, the Trading Party to which a last resort direction is issued by the Authority in respect of those premises;

Supplier of Last Resort means a person that supplies electricity to customers when a last resort supply plan comes into operation; and

Examples of Supplier of Last Resort in a sentence

• Determination of Supplier Loads (Competitive, Standard Service and Supplier of Last Resort Service) The hourly loads of each supplier serving retail load on Buyer’s system (Competitive, Standard Service and Supplier of Last Resort Service) will be determined using the following process: Each Retail Customer will be assigned a supplier code to distinguish between Competitive, Standard Service and Supplier of Last Resort Service supply.

• As Ofgem has an obligation to ensure gas continues flowing for all customers, they operate the Supplier of Last Resort (SoLR process).

• See note 10.d Supplier of last resort Management have given consideration to the Supplier of Last Resort (SoLR) mechanism under the Company regulatory transportation licenses.

• Fixed charge adders and rounding Fixed charge adders related to Supplier of Last Resort and Bad Debt Recovery adjustments are added to the charges after they have been discounted.Then, each charge is rounded to the appropriate number of decimal places, as defined on the fixed inputs sheet (2 decimal places.

• There is as yet no Supplier of Last Resort in Northern Ireland but this function is now established in Ireland.

More Definitions of Supplier of Last Resort

Supplier of Last Resort means the Company or another entity as determined pursuant to

Supplier of Last Resort or “SoLR” shall mean a Supplier (which shall also be a Shipper) so appointed from time to time by the Commission pursuant to Section 21A of the Gas (Interim) (Regulation) Act 2002;

Supplier of Last Resort means the procedure used by Ofgem to ensure customers receive continuity of supply of Gas when the Registered Supplier ceases to trade.

Supplier of Last Resort means a licensed supplier appointed by the authority under a last resort direction made under the act(s); “supply” means the supply to you of gas, electricity or both as identified in the contract option;

Supplier of Last Resort a licensed supplier appointed by the Authority;

Supplier of Last Resort means a licensed supplier appointed by the Authority in accordance with the Supply Licence;

Supplier of Last Resort means a supplier designated in accordance with the provisions of this law, which for a limited period of time shall provide supply services under regulated conditions, to customers which have not been able to contract a supplier or have lost their supplier.