tw]), purchase through bilateral contracts
In this model bilateral contracts
are assumed to be firm, which means that accounting for losses and congestion is responsibility of the pool.
And the Supreme Court held that that was a bilateral contract
arising out of the necessary implication of what passed between the two parties.
Contract for the supply of electricity (in the form of a bilateral contract
or framework agreement EFET).
The ERC must also amend Automatic Generation Rate Adjustment (AGRA) rules applicable to distribution utility (DU) generation charges by allowing complete pass-through of ERC-approved bilateral contracts
; allowing complete pass-through of WESM purchases if prices are equal to or less than ERC-approved bilateral contract
prices; and for WESM purchases above approved bilateral contract
prices, require prior ERC approval for pass-through of the price differentials.
Meralco's claimed contract with Therma Marine (as an aggregator) for 238 MW took the form of a bilateral contract
and hence under WESM rules should have been a must dispatch capacity.
Positively, MEHC recently announced that it entered into a 500 megawatt, three-year bilateral contract
to supply on-peak power that requires no collateral posting.
The contract has as its object the supply of electricity on the open market for the consumption units (sampling points) of the Consortium for an estimate of about 2,520,677 kWh / year administered by a producer, or a wholesaler, or a distributor of electricity (hereafter supplier) to the user ~consortium~ in front of a bilateral contract
entered into on the open market.
Senior Associate Justice Antonio Carpio, meanwhile, took note of the activities of Meralco at the WESM where it instructed TMO to sell at P62 per kilowatt hour at WESM even if the bilateral contract
between the two is for only P8.
Venezuela is getting prepared to export gas to Colombia pursuant to a bilateral contract
under which Colombia exported since 2007 estimately 200 million cubic feet of gas per day to Venezuela.
As per the Iranian energy officials, Tehran and Ankara declared that they have revived a bilateral contract
on the export of Iran s oil to Turkey,
Prices in this small market may not reflect bilateral contract