Gross Tariff definition
Gross Tariff. Revenues Of China Light" means the total of the following:-
(a) revenues of China Light from sales of electricity to consumers in Hong Kong including fuel clause revenues, but without taking into account rebates from the Rate Reduction Reserve referred to in sub-clause 5(6) hereof;
(b) the amounts benefiting consumers in Hong Kong specified by and calculated in accordance with the arrangement between the Companies and Government on export sales for which Government has given prior approval; and
(c) Electricity-Related fees and other revenues derived from the use of the Companies' Fixed Assets.
Examples of Gross Tariff in a sentence
For the avoidance of doubt, if the Terminal User requests zero ReqSOS in the Annual Plan the Terminal User is still obliged to pay the full amount of the Annual Gross Tariff for the entire TUA Reserved Capacity.
Risks under this category of sum insured shall be rated by applying the Gross Tariff rates as available and appropriate.