Examples of Applicable Quantity in a sentence
For example, if the SUF were 0.5 then the payable price would be double that of the unscaled price).Optional Capacity Charges for a valid entry point/ exit point combination are limited to an Applicable Quantity that is the minimum of the following values for the entry and exit points on the Gas Day: firm entry capacity entitlement; firm exit capacity entitlement; allocated quantity of gas entered; allocated quantity of gas exited.
He also stated that transmission service charges or non-transmission service charges will apply as appropriate, to those capacities or gas flows not covered by AQ.Slide 9 – Reserve charges for the Applicable Quantity.
As with UNC 0653 there is a need to define Applicable Quantity (AQ) per gas day.
Non-Transmission Services charges and Transmission Services Revenue Recovery charges will not be levied on the Applicable Quantity or on Exit Capacity where it is used for offtakes of gas which has not been delivered to the relevant Entry Point.
In any other circumstance there will be variances between the amount of Capacity held at the Entry and/or Exit Points and the level of capacity held within the FCC (but above the Applicable Quantity), with the result that the overall charges for Entry and Exit Capacity will be determined separately from each other, notwithstanding that one element of the overall charges, the OCC charge, is common to them both.
In the case of Exit Capacity, the OCC Charge will be recovered through the Annual NTS OCC Fee, rather than the daily NTS Optional Exit Capacity Charge, where the Exit Capacity is used to offtake gas in excess of the Applicable Quantity, that is to say, from a delivery point other than the relevant OCC Entry Point.
The NTS Optional Exit Capacity Charge is applied to the total of the amount of Capacity which corresponds to the total of the Applicable Quantity and the amount of capacity held by the User at the Exit Point in excess of the Applicable Quantity which is not used on the day.
If the Applicable Quantity on a day is less than the FCC Capacity, the level of the overall OCC Charge is not reduced; it will reduce the NTS Optional Entry Capacity Charge for the day, but increase the Annual NTS OCC Fee by an equal amount.
Variances between the amount of Capacity held at the Entry and/or Exit Points and the level of capacity held within the FCC (but above the Applicable Quantity) result in the overall charges for Entry and Exit Capacity at the relevant Entry and Exit Points being determined separately from each other.
The Applicable Quantity is whichever of the following is the lowest in respect of the relevant Day: • The capacity held by the User at the relevant Entry Point • The capacity held by the User at the relevant Exit Point • The amount of gas imported by the User at the Entry Point • The amount of gas offtaken by the User at the Exit Point.