Indiana Natural Gas Inventory Forward Sale Contract
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How to fill out Natural Gas Inventory Forward Sale Contract?
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FAQ
Hear this out loud Pause?firm capacity?: gas transmission, LNG or storage capacity contractually and unconditionally guaranteed by the transmission, LNG or storage undertaking.
Hear this out loud PauseInterruptible service is an arrangement where commercial customers with flexible energy needs agree to have their service interrupted or curtailed periodically. This setup benefits the gas utility or supplier by helping them manage gas supply during periods of high demand.
Hear this out loud PauseFirm gas rates apply when a building burns natural gas only. Firm gas service will not be interrupted because of weather or other conditions. Firm delivery rates are established by Con Edison's New York Public Service Commission.
Under interruptible contracts, customers are not required to pay any fixed minimum amounts, but are instead billed based on actual volume of service provided for any given period. Payment for services under these contracts are typically due the month after the services have been performed.
Firm contracts and interruptible contracts are two broad types of contracts for purchasing natural gas, although the legal obligations for delivering natural gas between a fuel supplier and a natural gas-fired power plant can vary, depending on their specific agreements.
Hear this out loud PauseThe opposite of firm service is non-firm service, also called interruptible service or as-available service. The cost per unit for this service is called a non-firm rate or interruptible rate. The interruptible load is the portion of a utility's load that comes from customers with interruptible service.
Firm transportation service is typically sold on the basis of a ?fixed demand or reservation charge? (i.e., you pay for the service whether you use it or not), whereas interruptible service is typically sold on a ?commodity basis? (i.e., you pay only if you use it).