E AGREEMENT V ERSION 1 Sample Clauses

E AGREEMENT V ERSION 1. 0 Term Definition Close Out Amount An amount payable by or to a Trading Participant in respect of a Close Out Quantity in respect of a Gas Day, calculated in accordance with the Rules Methodology. Delivery Variance Amount An amount payable by or to a Delivering Participant or a Receiving Participant in respect of its Delivery Variance Quantities in respect of a Gas Day, calculated in accordance with the Rules Methodology. Offset Amount An amount payable by or to a defaulting Trading Participant in respect of an Offset Quantity in respect of a Gas Day, calculated in accordance with the Rules Methodology. Physical Gas Amount An amount payable in respect of a Gas Day, representing the Transaction Price multiplied by the Transaction Quantity under all Physical Gas Transactions for which the Delivery Period includes all or part of that Gas Day, where the Trading Participant is the Buyer (in which case the amount is payable by the Trading Participant to the Operator) or the Seller (in which case the amount is payable by the Operator to the Trading Participant). Reallocation Amount An amount representing the Dollar Reallocation Amounts and the amounts payable for Energy Reallocation Quantities debited to a Market Participant (in which case the amount is payable by the Market Participant to the Operator) or credited to a Market Participant (in which case the amount is payable by the Operator to the Market Participant) in respect of a Gas Day. Settlement AmountRequired cont The Settl methodol for each the P Offse Period the S The Settl calculated the Mark Gas Amo Amounts, Period, an to the Ex A net aggregate amount for a Market Participant in respect of a Billing Period – see clause 17.3.3(b). ent and principles for determining Settlement Amounts ements and Prudential Methodology must set out a detailed calculation ogy, which may take the form of equations, to be applied in determining, Market Participant: hysical Gas Settlement Amounts, Reallocation Settlement Amounts, t Amounts and Exchange Fees referable to each Gas Day in a Billing ;ettlement Amount for a Billing Period.ement Amount for a Market Participant for a Billing Period is to beas the amount payable by the Operator to the Market Participant, or by et Participant to the Operator, after aggregating and netting its Physical unts, Reallocation Amounts, Delivery Variance Amounts, Offset Close Out Amounts and Exchange Fees for each Gas Day in the Billing d any other amounts payable by or to that Market Partic...
Sample 1
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