Fuel Index definition
Examples of Fuel Index in a sentence
E = The Fuel Index will be equal to 10% of the Producer Price Index for "Fuel and Related Products and Power," Code 5 associated with the scheduled Aircraft delivery month.
This fuel surcharge matrix is based on the DOE's National Average Diesel Fuel Index published by the Energy Information Administration every Monday.
Above the applicable MDQ, the Fuel Index shall be the greater of the prices published in the “Common” column heading of Platts Gas Daily in its “Daily Price Survey” for gas to flow at either NGPL Texok zone or Enable Gas, East for the Flow Day, expressed in $/MMBtu; provided, however, that in the event that such price is not published, the Fuel Index shall be the simple average of the last such price that was published and the next such price that was published.
The Fuel Index shall be equal to the highest price published in Platts Gas Daily in its “Daily Price Survey” under the column heading “Common” for gas to flow at NGPL Texok zone, up to the Maximum Daily Quantity1 (“MDQ”) as set forth on the attached MDQ 1 The Maximum Daily Quantity is the quantity of firm gas secured under CUSTOMER’S firm gas transportation contract.
The Energy Charge for each Unit shall be calculated by multiplying the Fuel Index times the fuel type adjustment (which is 1.0 if the primary fuel for the Unit is natural gas) for the Unit times the Heat Rate for the Unit, and adding to the resulting product the nonfuel variable O&M (“VOM”) rate, Other Fuel Related Charges for the Unit as provided in Article 6.2 (a) above or in Attachment 1 – CPA Form, as applicable, and overrun fees as specified below.