Standard Offer Service definition
Examples of Standard Offer Service in a sentence
This billing adjustment will appear on your utility ▇▇▇▇ and may be a credit or a charge to your Standard Offer Service ▇▇▇▇, depending on National Grid rates at the time.
In accordance with the terms of the MPUC’s RFP and the provisions of this Agreement, Provider must provide Excess Market Exposure Security to T&D if the positive difference between (i) the replacement cost of Standard Offer Service supply and (ii) the Provider’s committed supply cost exceeds the amount of Current Security furnished by Provider.
National Grid customers receiving Standard Offer Service under the Fixed Price Option who leave National Grid for a competitive supplier will be subject to a National Grid billing adjustment.
The Provider shall maintain a valid Competitive Electricity Provider license from the MPUC, shall be entitled to transact business through ISO-NE, and shall retain its designation by the MPUC to provide Standard Offer Service for Provider’s Share.
However, in the event that any ARRs are assigned by ISO-NE to T&D and a known fraction of those ARRs are associated with Standard Offer Service, T&D shall promptly notify Provider and re-assign or pay such ARRs to Provider.