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Paragraph 31 Paragraph 1 (interpretation)

Original text. Later amendments are not shown.

(1)

For paragraph 1(1) substitute—

“(1)

In this Schedule—

  • “AEij”, “ALFCOij” and “Eij”, in relation to a capacity committed CMU i and a relevant settlement period j, are to be interpreted in accordance with regulation 39 and mean the amounts determined in accordance with that regulation;

  • “COix” means the capacity obligation in MW, as recorded on the capacity market register, awarded in respect of CMU i for year X in a capacity auction;

  • “ICOij” means the whole or part of any capacity obligation COzx in MW, as recorded on the capacity market register, which applies to CMU i in relevant settlement period j;

  • “WFmx” means the weighting factor determined under paragraph 2 for month M in capacity year X.”.

(2)

After paragraph 1(2) insert—

“(3)

Where, in a formula, the symbol ∑ is used, it denotes that a value is to be determined from the summation of the sequence of elements found immediately to its right; these elements may be derived from one variable or a collection of variables contained in parentheses.

(4)

In this Schedule, if not otherwise defined, subscript suffixes used in a term refer to the following things unless the context requires otherwise—

  • “i” refers to a specific CMU which is the subject of the provision the term appears in (“the relevant provision”);

  • “j” refers to a relevant settlement period which is the subject of the relevant provision;

  • “k” refers to any relevant settlement periods in a given month that precede the relevant settlement period which is the subject of the relevant provision;

  • “m” refers to a given month;

  • “y” refers to any capacity obligation awarded in a capacity auction in respect of a CMU; and

  • “z” refers to a specific capacity obligation awarded in a capacity auction in respect of a CMU.”.