QUEEN'S BENCH DIVISION
COMMERCIAL COURT
Strand, London, WC2A 2LL |
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B e f o r e :
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ESSO EXPLORATION & PRODUCTION UK LIMITED |
Claimant |
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- and - |
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ELECTRICITY SUPPLY BOARD |
Defendant |
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Mr. Mark Howard Q.C. and Mr. David Quest (instructed by Coudert Brothers) for the defendant
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Crown Copyright ©
Mr. Justice Moore-Bick :
". . . . . it is reasonably satisfied in good faith that the Energy Charge . . . . . is at the time of giving such Price Review Notice eighty five per cent (85%) or less than the Comparator."
"The market price . . . . . at the date of the relevant Price Review Notice for natural gas being supplied on the basis described above . . . . . ",
that is, on the basis of the sale of reasonably similar quantities over a reasonably similar period on reasonably similar terms and conditions between parties of reasonably similar commercial and financial standing for use in a reasonably similar type of power station in the UK or Ireland.