Common use of Variable Charges Clause in Contracts

Variable Charges. With respect to the variable charges, where the Retailer provides a new file of consumption data after the due dates specified in clause 11.3, the Distributor will wash-up variable charges based on that revised consumption data within 3 months (if the new file of consumption data is revised by the Retailer within 2 months or less after the original billing date) and otherwise 14 months after the original billing date. No wash-up of charges will be retrospectively adjusted after more than 14 months has elapsed from the original billing date. To give effect to the wash-up adjustment, the Distributor will issue a wash-up Tax Invoice that replaces the Tax Invoice provided to the Retailer pursuant to clause 11.5 (in which case the Distributor will issue a full Credit Note in relation to such Tax Invoice before the wash-up Tax Invoice is issued). The Distributor will apply a Use of Money Adjustment in relation to the underpayment or overpayment by the Retailer in relation to each Tax Invoice, and will issue a Tax Invoice or Credit Note (as appropriate) to the Retailer in respect of the same.

Variable Charges. With respect to the variable charges, where the Retailer provides a new file of consumption data after the due dates specified in clause 11.3, the Distributor will wash-wash- up variable charges based on that revised consumption data within 3 months (if the new file of consumption data is revised by the Retailer within 2 months or less after the original billing date) and otherwise 14 months after the original billing date. No wash-up of charges will be retrospectively adjusted after more than 14 months has elapsed from the original billing date. To give effect to the wash-up adjustment, the Distributor will issue a wash-up Tax Invoice that replaces the Tax Invoice provided to the Retailer pursuant to clause 11.5 or 11.6 (if any) (in which case the Distributor will issue a full Credit Note in relation to such Tax Invoice before the wash-up Tax Invoice is issued). The Distributor will apply a Use of Money Adjustment in relation to the underpayment or overpayment by the Retailer in relation to respect of each Tax Invoice, and will issue a Tax Invoice or Credit Note (as appropriate) to the Retailer in respect of the same.

Variable Charges. With respect to the variable charges, where the Retailer provides a new file of consumption data after the due dates specified in clause 11.3, the Distributor will washre-up allocate variable charges between retailers based on that revised consumption data within 3 months (if the new file of consumption data is revised by the Retailer within 2 months or less after the original billing date) and otherwise 14 months after the original billing date. No washre-up allocation of charges will be retrospectively adjusted after more than 14 months has elapsed from the original billing date. To give effect to the wash-up adjustment, the Distributor will issue a wash-up Tax Invoice that replaces the Tax Invoice provided to the Retailer pursuant to clause 11.5 or 11.6 (in which case the Distributor will issue a full Credit Note in relation to such Tax Invoice before the wash-up Tax Invoice is issued). The Distributor will apply a Use of Money Adjustment in relation to the underpayment or overpayment by the Retailer in relation to respect of each Tax Invoice, and will issue a Tax Invoice or Credit Note (as appropriate) to the Retailer in respect of the same.

Variable Charges. With respect to the variable charges, where the Retailer provides a new file of consumption data after the due dates specified in clause 11.3, the Distributor will wash-up variable charges based on that revised consumption data within 3 months (if the new file of consumption data is revised by the Retailer within 2 months or less after the original billing date) and otherwise 14 months after the original billing date. No wash-up of charges will be retrospectively adjusted after more than 14 months has elapsed from the original billing date. To give effect to the wash-up adjustment, the Distributor will issue a wash-up Tax Invoice that replaces the Tax Invoice provided to the Retailer pursuant to clause 11.5 or 11.6 (in which case the Distributor will issue a full Credit Note in relation to such Tax Invoice before the wash-up Tax Invoice is issued). The Distributor will apply a Use of Money Adjustment in relation to the underpayment or overpayment by the Retailer in relation to respect of each Tax Invoice, and will issue a Tax Invoice or Credit Note (as appropriate) to the Retailer in respect of the same.