Common use of SCOPE OF PAYMENTS Clause in Contracts

SCOPE OF PAYMENTS. From time to time, Transpower receives losses and constraint excess payments from the clearing manager under the Electricity Governance Rules [Code]. This Part sets out how Transpower will allocate to the Customer a portion of the losses and constraint excess payments received as a deduction from the Grid Charges payable by the Customer. Transpower may determine to account for or apply losses and constraint excess payments in a different manner, in which case Transpower may terminate this Part in accordance with clause 46.2.

SCOPE OF PAYMENTS. From time to time, Transpower receives losses and constraint excess payments from the clearing manager under the Electricity Governance Rules [Code]Rules. This Part sets out how Transpower will allocate to the Customer a portion of the losses and constraint excess payments received as a deduction from the Grid Charges payable by the Customer. Transpower may determine to account for or apply losses and constraint excess payments in a different manner, in which case Transpower may terminate this Part in accordance with clause 46.2.

SCOPE OF PAYMENTS. From time to time, Transpower receives losses and constraint excess payments from the clearing manager Clearing Manager and the Load Following Generator under the Electricity Governance Rules [Code]Rules. This Part sets out how Transpower will allocate to the Customer a portion of the losses and constraint excess payments received as a deduction from the Grid Charges payable by the Customer. Transpower may determine to account for or apply losses and constraint excess payments in a different manner, in which case Transpower may terminate this Part in accordance with clause 46.2.