Full Requirements Contract definition
Full Requirements Contract. A contract in which Seattle supplies a Wholesale Customer with its Full Water Requirements .
Full Requirements Contract means that an alternative energy generation retail provider agrees to provide all of a company's electricity needs at an agreed price. The alternative energy generation retail provider does not require that you buy a set amount or buy any electricity on the spot market. This type of contract is also known as a "load following" contract.
Examples of Full Requirements Contract in a sentence
Pursuant to Section 2.1, (Full Requirements Contract) CMEEC will provide BOZRAH with all power required to meet the full firm load and reserve requirements of the BOZRAH system.