CEPS definition

CEPS means the Recipient’s Customs, Excise and Preventive Service, established under the CEPS Legislation and operating in accordance with the laws of the Recipient.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

CEPS refers to a “Competitive Electric Power Supplier” as defined in Puc 2002.08

CEPS means competitive electric power supplier. “ESA” means the Electricity Sales Agreement executed under this Agreement. “Financial Assurance” means (a) collateral, in the form of either cash, a guarantee, an increase in the amount of guarantee currently held by FPP guaranteeing Customer’s obligations under this Agreement, letter(s) of credit, or other security acceptable to FPP, in an amount acceptable to FPP; (b) FPP requiring prepayment from Customer for electric service provided under this Agreement, with terms to be determined by FPP in its sole discretion; or (c) FPP requiring an accelerated payment schedule with terms to be determined by FPP in its sole discretion. “FPP” means First Point Power, LLC. “Historic KWH Usage” means Your KWH usage in the 12 months immediately preceding the date of this Agreement. “ISO” means the independent system operator or regional transmission organization responsible for the service territory governing an electricity account or any successor or replacement entity. “KWH” means the amount of electrical energy (expressed in kilowatt hours) purchased by You under the terms of this Agreement. “Laws” means any law, rule, order, regulation, ordinance, statute, judicial decision, administrative order, ISO business practices or protocol, LDC tariff, ISO tariff, rule of any commission or jurisdiction in the state in which an Account is located, or rule by the Federal Energy Regulatory Commission. “LDC” means the Account’s local electricity distribution company. “NH PUC” means the New Hampshire Public Utilities Commission. “Non-Indexed Variable Rate” is a non-indexed rate that may fluctuate each month and that has no cap or limit in its variation month to month. “Residential Account” means an Account classified by the NH PUC or applicable LDC tariffs as residential. “Small Commercial Account” means an Account classified by the NH PUC or applicable LDC tariffs as small commercial.

Examples of CEPS in a sentence

• Transportation costs shall be added to the Material transfer price using the method prescribed by the ▇▇▇▇▇ Computerized Equipment Pricing System (CEPS).

• Regardless of whether using CEPS or manually calculating transportation costs, transportation costs from the Railway Receiving Point to the Joint Property are in addition to the foregoing, and may be charged to the Joint Account based on actual costs incurred.

• The actual issuance of shares depends on Avista’s CEPS over the three-year Performance Cycle.

• You have the right to switch to your utility’s default energy service or another Competitive Electric Power Supplier (CEPS) subject to the terms of this agreement.

• If Direct Energy cancels this Agreement, you must still pay all Direct Energy charges through the date you are switched to another CEPS or returned to the Utility for service.

• The following graph demonstrates the relationship between CEPS and various payout factors.

• This charge depends on the contract between the customer and the CEPS.

• Electric generation service prices of CEPS such as Direct Energy are set competitively and are not regulated by the Commission.

• The Initial Term (as defined in the Disclosure Summary) of this Agreement will begin on the meter read date that your CEPS is changed to Direct Energy by the Utility, and will continue for the number of monthly billing cycles set forth in the Disclosure Summary.

• Sales and use taxes shall be added to the Material transfer price using either the method contained in the ▇▇▇▇▇ Computerized Equipment Pricing System (CEPS) or the applicable tax rate in effect for the Joint Property at the time and place of transfer.

More Definitions of CEPS

CEPS refers to a “Competitive Electric Power Supplier” as defined in Puc 2002.4

CEPS means the Customs, Excise and Preventive Service; "Commissioner" means the Commissioner of C.E.P.S.; "developer" has the same meaning as provided under the Act;

CEPS means the Borrower’s Customs, Excise and Preventive Service;

CEPS means the Customs, Excise and Preventive Service of Ghana; “Commissioner” means the Commissioner of CEPS;