APPLICABLE TARIFF Sample Clauses
The "Applicable Tariff" clause defines which tariff rates, rules, or schedules apply to the services or transactions covered by the agreement. In practice, this clause specifies the particular tariff documents—such as those published by a regulatory authority or service provider—that govern pricing, terms, and conditions for the relevant goods or services. By clearly identifying the controlling tariff, the clause ensures both parties understand the cost structure and regulatory framework, thereby reducing disputes and providing transparency regarding charges and obligations.
APPLICABLE TARIFF. 9.1 Subsequent to commencement of power supply by the RPD on the terms contained in this Agreement, the RPD shall be entitled to receive the tariff of Rs. /kWh [Insert the Tariff discovered through the bidding process conducted by SECI], fixed for the entire Term of this Agreement.
9.2 In cases of early commencement of power supply, till SCSD, the RPD will be free to sell the electricity generated to any entity other than the SECI/ Buying Entity(ies), only after giving the first right of refusal to the SECI/Buying Entity(ies). The Buying Entity(ies)/SECI shall provide refusal within 15 (fifteen) Days from the receipt of the request, beyond which it would be considered as deemed refusal. The 15-Day period will be applicable separately for SECI and the Buying Entity(ies). In case SECI/Buying Entity agree to purchase power from a date prior to the SCSD, such power shall be purchased at the Applicable Tariff plus SECI’s trading margin.
9.3 In case of multiple Project components, and in case one or more such component (wind or solar PV or any other RE power generating source) is ready for injection of power into the grid, but the remaining component is unable to commence power supply, the RPD will be allowed to commence power supply from such component which is ready, outside the ambit of this Agreement. Following should be noted under this scenario:
(a) First right of refusal for such power shall vest with the Buying Entity(ies). Subsequent to refusal of such power by the Buying Entity(ies), the right of refusal shall vest with SECI.
(b) In case SECI/Buying Entity(ies) decides to buy such discrete component’s power outside the PPA, such power shall be purchased at 50% of the Applicable Tariff. In case the same is procured through SECI, trading margin of Rs. 0.07/kWh will be applicable on such power procurement.
(c) The above scenario will be applicable until the RPD commences supply of power to the Buying Entity(ies) under the provisions of this Agreement.
APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ kWh fixed for the entire term of this Agreement, with effect from the Scheduled Date of Commissioning. In case the SPD is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961 for the Project, the applicable tariff shall be reduced to Rs.4.75/kWh.
9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 paisa) per unit per day of such delay and for such Unit(s).
9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable.
9.4 Any excess generation over and above 10% of declared CUF will be purchased by SECI at a tariff of Rs.3.00/kWh, provided SECI is able to get any buyer for sale of such excess generation
9.5 The Selected Project Developers will be required to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh from the COD.
APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. / kWh [Insert the Tariff discovered through the bidding process conducted by SECI], fixed for the entire term of this Agreement, with effect from the SCD, for the power sold by the Buyer to the Buying Entity for the scheduled energy as reflected in the Energy Accounts. In case of early part-commissioning, till SCD, subject to the consent for such purchase by the Buying Utility, SECI may purchase the generation @ 75% (seventy-five per cent) of the PPA tariff. However, in case the entire Project capacity is commissioned prior to SCD, SECI may purchase energy supplied till SCD at [Insert Tariff]/kWh. In both the cases of early part or full commissioning of the Project, the Applicable Tariff for the commissioned Project shall be
9.2 Any excess generation over and above energy specified in Article 4.4.1, will be purchased by SECI at a tariff of 75% of the tariff as per Article 9.1, provided the Buying Entity consents for purchase of such excess generation. Any energy produced and flowing into the grid before SCD shall not be at the cost of SECI. SECI may agree to buy such power provided Buying Entity consents to purchase such energy. However, the SPD will not be allowed to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity other than SECI (unless refused by SECI).
APPLICABLE TARIFF. 1.1 The Tariff applicable for the sale of Solar Power by SECI to the Buying Entity under this Agreement shall be the Tariff as applicable for payment by SECI to SPD under the terms of the Power Purchase Agreement between SECI and the SPD and in addition thereto a trading margin of Seven (7) paisa/kWh shall be payable by the Buying Entity to SECI which SECI shall be entitled to appropriate as its income.
APPLICABLE TARIFF. 9.1 Subsequent to commencement of power supply by the SPD on the terms contained in this Agreement, the SPD shall be entitled to receive the Tariff of Rs / kWh [Insert the Tariff discovered through the bidding process conducted by SECI], fixed for the entire term of this Agreement.
9.2 In case of early part/full commencement of power supply from the project, till SCSD, the SPD will be free to sell the electricity generated, to any entity other than the SECI/ Buying Entity(ies), only after giving the first right of refusal to the SECI/Buying Entity(ies). SECI shall provide refusal within 15 (fifteen) days from the receipt of the request for early part/full commencement of power supply from the Project, beyond which it would be considered as deemed refusal. In case SECI/Buying Entity agree to purchase power from a date prior to the SCSD, such power shall be purchased at the Applicable Tariff. Any energy produced and flowing into the grid before SCSD shall not be at the cost of SECI.
9.3 Any excess generation over and above energy specified in Article 4.4.1, will be purchased by SECI at the Applicable Tariff, and provided the Buying Entity consents for purchase of such excess generation. However, the SPD will not be allowed to sell energy generated prior to SCSD or excess energy during any Contract Year to any other entity other than SECI (unless refused by SECI).
9.4 The SPD may also sell the power which was offered on day ahead basis to the Buying Entity(ies) (within maximum CUF) but not scheduled by the Buying Entity(ies) to any third party or power exchange without requiring NOC from the Buying Entity(ies).
APPLICABLE TARIFF. 9.1 The SPG shall be entitled to receive the Tariff of per kWh, fixed for the entire term of 25 years (unless extended by both the parties on mutual agreement), with effect from the COD, for the power sold to PGVCL as reflected in the State Energy Accounts published by SLDC Guajrat.
APPLICABLE TARIFF. 1.1 The Tariff applicable for the sale of Wind Power by SECI to the Buying Entity under this Agreement shall be the Tariff as determined under the Electricity (Amendment) Rules, 2022 issued by Ministry of Power vide Gazette Resolution dated 29.12.2022, including applicable procedure/rules issued thereof, and in addition thereto a trading margin of Seven (7) paisa/kWh shall be payable by the Buying Entity to SECI which SECI shall be entitled to appropriate as its income.
1.2 As per provisions of the PPA, the WPDs are permitted for full as well as part commencement of power supply from the Project even prior to the SCSD. In case of early part/full commencement of power supply from the Project(s) prior to SCSD, Buying Entity may purchase the power at the Applicable tariff as per the PPA, plus SECI’s Trading Margin of Rs 0.07/kWh, (Seven Paisa per kWh)].
APPLICABLE TARIFF. 9.1 The WPD shall be entitled to receive the Tariff of Rs / kWh [Insert the ▇▇▇▇▇▇ discovered through the bidding process conducted by SECI], fixed for the entire term of this Agreement, with effect from the SCD, for the power sold by the Buyer to the Buying Entity for the scheduled energy as reflected in the Energy Accounts. In case of early part-commissioning, till SCD, subject to the consent for such purchase by the Buying Utility, SECI may purchase the generation at the PPA tariff. In both the cases of early part or full commissioning of the Project, the Applicable Tariff for the commissioned Project shall be [Insert Tariff]/kWh from and including the SCD.
9.2 Any excess generation over and above energy specified in Article 4.4.1, will be purchased by SECI at a tariff of 75% of the tariff as per Article 9.1, provided the Buying Entity consents for purchase of such excess generation. Any energy produced and flowing into the grid before SCD shall not be at the cost of SECI. SECI may agree to buy such power provided Buying Entity consents to purchase such energy. While calculating the above value of 75% of the PPA tariff, the digits after 2 decimal places will be ignored. For eg., in case the value of 75% of the PPA tariff is calculated as 2.4567/kWh, the tariff applicable for purchase in case of early commissioning will be read as Rs. 2.45/kWh. However, the WPD will not be allowed to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity other than SECI (unless refused by SECI).
APPLICABLE TARIFF. 5.1.1 From SCD and subject to the provision of the Article 6.7, the Buying Entity shall pay the fixed tariff of Rs /kWh (insert the highest Tariff as per SECI-SPD PPA) plus trading margin
APPLICABLE TARIFF. 1.1 The Tariff applicable for the sale of Wind Power by SECI to the Buying Entity under this Agreement shall be the Tariff as applicable for payment by SECI to WPD under the terms of the Power Purchase Agreement between SECI and the WPD (Individual WPDs tariff as per schedule B) fixed for entire term of agreement at delivery point and in addition thereto a trading margin of Seven (7) paisa/kWh shall be payable by the Buying Entity to SECI which SECI shall be entitled to appropriate as its income.
1.2 As per provisions of the PPA, the WPDs are permitted for full as well as part commissioning of the Project even prior to the SCD. In case of early part commissioning of the Project(s) prior to SCD, Buying Entity may purchase the power at the Applicable tariff as per the PPA, plus SECI’s Trading Margin of Rs 0.07/kWh, (Seven Paisa per kWh)]. However, in case of early full commissioning of