Traduction de «Contrat d'établissement du prix » (Français → Anglais) :

6. Points out that in the wholesale spot market each operator submits a bid that comprises a price and the amount of electricity which can be supplied at that price, and the exchange then rewards the bidders with supply contracts, starting with the lowest bid, until the predicted demand is satisfied; notes that the bid of the last plant that receives a contract determines the price of all contracts, creating the same price for all electricity; points out that the power plants are not paid according to their own bid but according to ...[+++]the bid of the marginal producer with the highest variable costs;

Step (a): by attaching current market values to contracts (mark-to-market), the current replacement cost of all contracts with positive values is obtained.

Step (a): by attaching current market values to contracts (mark to market), the current replacement cost of all contracts with positive values is obtained.

1.2 // (i) // a description of the goods or services covered by the agreement; // (ii) // the cash price and the price payable under the credit agreement; // (iii) // the amount of the deposit, if any, the number and amount of instalments and the dates on which they fall due, or the method of ascertaining any of the same if unknown at the time the agreement is concluded; // (iv) // an indication that the consumer will be entitled, as provided in Article 8, to a reduction if he repays early; // (v) // who owns the goods (if ownership does not pass immediately to the consumer) and the terms on which the consumer becomes the owner of th ...[+++]em; // (vi) // a description of the security required, if any; // (vii) // the cooling-off period, if any; // (viii) // an indication of the insurance (s) required, if any, and, when the choice of insurer is not left to the consumer, an indication of the cost thereof.

Costs incurred prior to signature of the export contract will not be taken into consideration in calculating the indemnity, except in regard to the overheads of the insured which are attributable to the guaranteed transaction in accordance with generally accepted financial and accounting rules for the determination of cost prices.

A free-at-frontier price may exceptionally be maintained unchanged for a limited period when: 1. the price for a given quality or origin which served as a basis for determining the previous free-at-frontier price has not come to the knowledge of the Commission in time for determining the next free-at-frontier price, and