Rate Design definition

Rate Design means the mix of end user rates, high-cost support, and other revenue sources that are targeted to provide a
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Rate Design means the design of the transmission rates (i) to recover the embedded costs of Transmission Facilities and associated revenue requirements, and (ii) to conform to the Going-Forward Principles and Procedures accepted by FERC on March 19, 2004 in Midwest Independent Transmission System Operator, Inc., et al., 106 FERC 61,260 (2004); but does not include recovery of congestion costs.
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Rate Design means the means by which class revenue requirements are collected within each customer class in order to recover costs for the delivery of service and to promote efficient use of electricity services, including considerations for effective conservation and management of peak loads.
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Examples of Rate Design in a sentence

  • The OEB policy, A New Distribution Rate Design for Residential Electricity Customers, changes the current distribution rate design for residential customers (a combination of a fixed monthly rate and a variable charge) to a fixed monthly charge only.

  • Nothing herein is intended to limit the rights of Dominion Virginia Power or any other person to oppose a proposal to retain the existing Rate Design.

  • With the exception of CUB’s opposition to Residential Rate Design and OICIP’s position with respect to Schedule 19 service quality standards, the Parties agree to support this Stipulation throughout this proceeding and any appeal (if necessary), provide witnesses to sponsor this Stipulation at the hearing and recommend that the Commission issue an order adopting the settlements contained herein.

  • Transmission revenues received from network or firm point-to-point transmission service to load within the PJM South Region will be distributed to Dominion Virginia Power consistent with the Rate Design and Section 7.1.8 of this Agreement.

  • CUB does not agree to the Parties’ resolution of the Residential Rate Design issue and OICIP has unresolved concerns about Schedule 19 service quality.

  • The Commission accepts the Unanimous Stipulation and Agreement Regarding Fuel and Purchased Power Expense and Class Cost of Service and Rate Design as the resolution of all issues contemplated thereby.

  • As a result of the settlement conference, the Parties have reached a settlement in this case resolving all issues in the case, except for the issues of Residential Rate Design and service quality.

  • During my career at CMP, which began in June 1985, I have worked in various capacities in the areas of Engineering, Licensing, Cost of Service, and Rate Design.

  • The two exceptions are that the Parties acknowledge that CUB opposes the current Residential Rate Design settlement proposal and that CUB will submit testimony, on January 19, 2010, in opposition to the Residential Rate Design portion of the Stipulation.

  • ELECTRIC GAS Our View Our View Filed $163 M 12/05 Securitization Surcharge Ends $80 M 2016 2015 2014 Jackson Plant in rate base Investment recovery and cost reductions New Rate Design A) B) C) Settled $45 M Final Order New Rate Design Jackson Plant Classic 7 Decommissioned Self-implement B) C) A) Settled $45 million 10.3% ROE A) B) .


More Definitions of Rate Design

Rate Design. A Brief Discussion of Wholesale and Retail Rate Design” (TVA whitepaper) and TVA public filings (Delivering the Vision, September 2011).
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Rate Design means the mix of end user rates, high-cost
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Rate Design. By regulation, retail electric rates in Nevada must be set using a marginal cost methodology applied by customer class. As a result, changes in sales mix (e.g., consumption by customer class) can result in increases or decreases in revenues, irrespective of changes in total consumption.
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Rate Design. A Brief Discussion of Wholesale and Retail Rate Design” (TVA whitepaper) and TVA public filings (Delivering the Vision, September 2011). (a) TVA is permitted (but not required) to issue new debt for new assets. (b) Amortization of Kingston ash spill costs as a regulatory asset is one example. TVA is statutorily authorized to set its electricity rates, which has led to its development of a set of principles for rate design and for guiding its financing strategy  Rates are set by TVA’s nine-member Board of Directors, who are nominated by the President and confirmed by the Senate GUIDING PRINCIPLES RATE DESIGN  Rates must recover all costs  Both TVA and LPCs need to recover their total costs to provide service in order to remain financially sound  Rates must track cost of service  Rates that do not accurately track cost of service create unsustainable subsidies among customers and among customer classes  Rates must send pricing signals  It is widely recognized that the cost to provide electric service varies by hour of day, by day of week and by season of year. Pricing signals are useful in communicating those differences in costs and provide customers incentives to plan accordingly  Rates must balance precision with simplicity  Rates and rate design cannot be so complex that they create confusion or administrative and communication issues  Rates must be stable  TVA rates and rate design should create a stable environment for its customers  Rates must be competitive  TVA has set a goal of having effective rates in the top quartile by 2016 with an initial focus placed on industrial rates FINANCIAL  Retire debt over the useful life of assets  Issue new debt only for new assets(a)  Use regulatory treatment for specific unusual events(b)  Increase rates as necessary to fund operational spending  Align rate actions with TVA’s vision and strategic direction
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Related to Rate Design

  • Rate Card means a document containing prices and descriptions for various advertisement placement options available from a service sector, which sets out the minimum and maximum price of a service.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).

  • Interest Rates means the interest rates provided for in Sections 2.11 and 2.12 of the Credit Agreement.

  • Reset Reference Bank Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period, the percentage rate determined on the basis of the 7-year Mid-Swap Rate Quotations provided by the Reset Reference Banks to the Fiscal Agent at approximately 11:00 a.m. (New York City time) on such Reset Rate of Interest Determination Date. If at least three quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Bank Rate will be the quotation provided. If no quotations are provided,

  • Rate Period has the meaning set forth in the Statement.

  • Reset Rate means, in connection with each Remarketing, the rate per annum (as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement) rounded to the nearest one thousandth (0.001) of one percent that the Notes shall bear.

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Upgrade means a major version upgrade of any Platform software.

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Competitive Bid Margin has the meaning set forth in Section 2.03(d).

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae “Conventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where:

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • ICE LIBOR has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Base CD Rate means the sum of (a) the Three-Month Secondary CD Rate multiplied by the Statutory Reserve Rate plus (b) the Assessment Rate.

  • Reset Reference Banks means the principal office in the principal financial centre of the Specified Currency of five major banks in the swap, money, securities or other market most closely connected with the relevant Mid-Swap Rate as selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Replacement Reference Rate means a reference rate which is: