RoLR Event definition

RoLR Event or "Retailer of Last Resort Event" means an event whereby the Retailer becomes unable or loses the right to retail electricity to its Customers by virtue of one or more of the following events:

RoLR Event means an event whereby we become unable or we lose the right to retail electricity to our customers by virtue of one or more of the following events:

RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the National Energy Retail Law;

Examples of RoLR Event in a sentence

• As a result of a RoLR Event or where a Jurisdiction has requested AEMO to undertake End User transfers requiring the provision of Substitutions and Final Readings.

• AEMO has consolidated all requirements arising out of a RoLR Event into a document entitled: NEM RoLR Processes and for the purposes of clarity, delineates which parts are made under which part of the NER.

• As the non-traded goods sector and local / regional services suffer most, commodity trade can be assumed to be less exposed to a current down-turn.

• AEMO notifies RoLR Key Contacts that a RoLR Event has occurred, advises them who the AEMO key contacts are, any passwords they may require to access data provided by AEMO, the method of delivery of the report referred to in section7.3, and which Market Customers are the RoLRs.

• Figure 1 is a high-level end-to-end process map illustrating how these will be implemented after a RoLR Event has occurred.

More Definitions of RoLR Event

RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the Rules;

RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the National Energy Retail Law.

RoLR Event has the meaning given in Part 6 of the National Energy Retail Law. ROLR deemed large customer retail arrangement means a contract on the terms and conditions and in the form of this document.

RoLR Event has the meaning given to that term in the National Energy Retail Law. Schedule means a schedule to this Agreement. Security means an irrevocable and unconditional undertaking given to AGL by an Australian bank, a refundable deposit or pre- payment, guarantee from a third party or other security, on terms acceptable to AGL and in an amount determined by AGL in its discretion, having regard to the Customer’s gas consumption and payment history and AGL’s policies, provided that the amount of Security will not exceed 3 months’ average charges (calculated by reference to a 12-month period). Structure means a structure complying with all relevant regulatory requirements and those of public authorities and the Network Operator to protect Meter Equipment. STTM means the Short Term Trading Market being a wholesale market for natural gas and related services operated and administered by AEMO in accordance with the National Gas Rules.

RoLR Event means an event whereby the Company becomes unable or loses the right to retail Electricity to its Customers by virtue of one or more of the following events: (i) revocation by EMA, or expiry or non-renewal, of the Company’s Electricity Licence; (ii) receipt by EMA of a notification from the Accounting and Corporate Regulatory Authority of the Company’s application for a voluntary winding-up after the Company’s receipt of EMA’s approval to cease operations as required under the Act; (iii) an order is made or resolution is passed for the winding up or liquidation of the Company; (iv) issuance of a Suspension Order or Termination Order by the Market Surveillance and Compliance Panel to the effect that the Company is unable or not allowed to retail Electricity; (v) termination of the Company’s Market Support Services (Retailer) Agreement by the MSSL; or (vi) termination of the Company’s Retailer Use of System Agreement by the Transmission Licensee;

RoLR Event means an event that triggers the operation of the Retailer of Last Resort scheme under the National Energy Retail Law. In Victoria, the Retailer of Last Resort scheme is under the Electricity Industry Act or the Gas Industry Act.

RoLR Event means the Retailer of Last Resort Event whereby the Retailer becomes unable or loses the right to retail electricity to the Customer by virtue of one or more of the events specified in the Code of Conduct for Retail Electricity Licensees.