Gas Year definition
Examples of Gas Year in a sentence
Except as otherwise provided in section 61 above, each Party shall have the right to terminate this Agreement for convenience with effect from the end of any given Gas Year by giving at least 6 months' prior notice.
Such security will be released with 20 per cent after each full Gas Year, where the Shipper has received the OS 2020 Capacity.
All offtakes allocated to that designated Bal- ancing (Sub)Group shall be settled financially between the two market areas once an- nually after the end of each Gas Year.
Where the IAA Shipper holds Annual Capacity Product(s) at the date of termination for a Capacity Period of a Gas Year or longer, unless paragraph 6.4.3 of Section B of the IUK Access Code applies to such Capacity, IUK shall use reasonable endeavours to offer such Capacity Product(s) under an Allocation Mechanism following the date of termination (and no later than three (3) Months after the date of termination).
The Tariff is expressed in Euro / kWh / Gas Day / Gas Year and shall be determined in accordance with Schedule GTC 5.