OFF PEAK RATE definition
OFF PEAK RATE. The off peak rate is set by the Board of Public Works and is subject to change from time to time. The Applicant will be billed for the electrical usage on the off peak meter at the off peak rate during the months of September through May. The regular rate will apply during the months June through August.
OFF PEAK RATE means for any particular month, a rate determined on a Canadian Dollar per MWh basis, in accordance with section 2.2(3) of the PPA, that is equal to one hundred and four (104%) per cent of the monthly weighted average adjusted amount Hydro (or an affiliate of Hydro) as purchaser is obligated to pay for the energy purchased pursuant to the Off-Peak Transactions and Hydro (or an affiliate of Hydro) as seller is entitled to be paid for the energy and/or the applicable Integrated Power System Environmental Benefits and Attributes sold pursuant to the Off-Peak Transactions, all as provided in the PPA.
OFF PEAK RATE means for any particular month, a rate determined on a Canadian Dollar per MWh basis, in accordance with section 2.2(3), that is equal to one hundred and four (104%) percent of the monthly weighted average adjusted amount Hydro (or an affiliate of Hydro) as purchaser is obligated to pay for the energy purchased pursuant to the Off-Peak Transactions and Hydro (or an affiliate of Hydro) as seller is entitled to be paid for the energy and/or the applicable Integrated Power System Environmental Benefits and Attributes sold pursuant to the Off-Peak Transactions.