Equalization point definition

Equalization point means that point at which pool quota held is equal to 95 percent of production base held.
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Equalization point means a predetermined distance where the actual freight cost for the transport of a petroleum product form a Refinery or a storage depot to other locations in the country, is equal to the UPPF margin built into the retail price of the product, and form the basis for determining amounts to be paid in respect of the actual delivery point.
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Related to Equalization point

  • Valuation Point means, in respect of a Sub-Fund, the official close of trading on the Market on which the Securities constituting the Index are listed on each Dealing Day or if more than one, the official close of trading on the last relevant Market to close or such other time or times as determined by the Manager in consultation with the Trustee from time to time provided that there shall always be a Valuation Point on each Dealing Day other than where there is a suspension of the creation and redemption of Units.

  • Destination Point means the delivery point(s) on Carrier’s System where Product is delivered to Shipper, as such points are specified in Section III of this tariff.

  • Maximum Generation Emergency Alert means an alert issued by the Office of the Interconnection to notify PJM Members, Transmission Owners, resource owners and operators, customers, and regulators that a Maximum Generation Emergency may be declared, for any Operating Day in either, as applicable, the Day-ahead Energy Market or the Real-time Energy Market, for all or any part of such Operating Day.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).