SRAS definition
Examples of SRAS in a sentence
Subject to this requirement, it constitutes the entire agreement of the parties in connection with the provision of the SRAS and any previous agreements, understandings and negotiations on that subject matter cease to have any effect.
If the parties have not resolved the dispute before the time at which AEMO must give the SRAS Provider the final statement, AEMO must prepare that final statement on the basis of its own assessment of the charges and any other amounts payable under this Agreement in respect of that Billing Period.
Within 5 business days after the end of each Billing Period, AEMO must give the SRAS Provider a preliminary statement setting out the charges and any other amounts owed by each party to the other party under this Agreement in respect of that Billing Period (preliminary statement).
The SRAS Provider consents to the disclosure of that information by AEMO to the extent reasonably necessary for the purposes of assessing the viability of SRAS, preparing restart plans, training in power system emergency response and in the delivery of SRAS, or any other obligation of AEMO under the NER.
AEMO may request a copy of any of the records maintained under clause 8.1(a) or any other information in connection with SRAS at any time during the period referred to in clause 8.1(b).
The SRAS Provider may accept AEMO’s request by notice in writing not later than 2 months before the first extension expiry date, in which case the Term expires on the second extension expiry date, and otherwise the Term expires on the first extension expiry date.
Subject to the NER, any: Communications given in the course of the day-to-day running of the national grid or the national electricity market by or on behalf of a party to the other; or request for SRAS made by AEMO, may be made by automated electronic process, telephone or other instantaneous means of communication.
The SRAS Provider must comply with a request from AEMO under paragraph (a) within 5 business days of receipt.
If the extension applies to specified SRAS only, the Schedules relating to all other SRAS will cease to form part of this Agreement or any other agreement between the parties at midnight at the end of the Expiry Date.
If AEMO conducts an inspection under paragraph (a), the SRAS Provider must designate Representatives to accompany AEMO’s Representatives and answer any questions and assist with the conduct of the inspection.