Fuel Surcharge Adjustment definition
Fuel Surcharge Adjustment means the mechanism to adjust fuel costs when market conditions cause fuel prices to go higher or lower than the benchmark fuel price established upon the start of the Contract.
Examples of Fuel Surcharge Adjustment in a sentence
Approved Tariff for this purpose shall mean the tariff and the applicable Fuel Surcharge Adjustment (FSA) approved by OERC as and when basis.
The DF shall also procure the additional Letter of Credit within 15 days towards the requirement for increase in the tariff and the applicable Fuel Surcharge Adjustment (FSA) approved by OERC.
Fuel Surcharge Adjustment (FSA) = Fuel Surcharge adjustment, if any, approved by OERC to be recovered from the consumer Unscheduled Interchange (UI) = Unscheduled Interchange (UI) as applicable under intrastate ABT regulation.