Fastpris definition

Fastpris refers to a contract for a set period. The price for the electricity supplied is calculated using a predetermined price per kWh for the relevant bidding area. The predetermined price includes costs for RECs and all other procurement costs. In addition to the electricity price, there is a monthly fee that remains the same throughout the contract period, and VAT. The contract cannot be renegotiated during the ongoing contract period. If neither party terminates the contract at least one (1) month before the end of the contract period, the contract is extended by twelve (12) months at a time under the current terms and conditions. Kraftringen sends a reminder to the customer before the automatic renewal of the contract.
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Related to Fastpris

  • BPSS means the recognised standard for HMG for staff vetting which comprises verification of (1) identity, (2) employment history, (3) nationality and immigration status (including the right to work), and Criminal Records Bureau check (including a five (5) year address history check).

  • Dell means Dell Inc., a Delaware corporation.

  • SAIC means the State Administration for Industry and Commerce of the PRC and/or its regional and local counterparts.

  • SADC means the Southern African Development Community;

  • DTS means Days to Settlement, i.e., the number of actual days elapsed from and including the original Closing Day with respect to such Accepted Note (in the case of the first such payment with respect to such Accepted Note) or from and including the date of the next preceding payment (in the case of any subsequent delayed delivery fee payment with respect to such Accepted Note) to but excluding the date of such payment; and "PA" means Principal Amount, i.e., the principal amount of the Accepted Note for which such calculation is being made. In no case shall the Delayed Delivery Fee be less than zero. Nothing contained herein shall obligate any Purchaser to purchase any Accepted Note on any day other than the Closing Day for such Accepted Note, as the same may be rescheduled from time to time in compliance with paragraph 2B(7).