Paragraph 2 Weighting factor

(1)

The Settlement Body must, by no later than 3 months before the commencement of a capacity year (“year X”), calculate in respect of each month of year X (“month M”) the weighting factor (“ $W F_{m x}$ ”) which is to be used for the purpose of calculating capacity payments in respect of that month.

(2)

$W F_{m x}$ must be calculated to 3 decimal places in accordance with the formula—

W F_{m x} = \frac{A}{B} .

(3)

In this paragraph—

“A” means the sum of the amounts of electrical demand in GWh in Great Britain during each of the months corresponding to month M in the calculation period;
“B” means the sum of the amounts of electrical demand in GWh in Great Britain during the calculation period;
“the calculation period” means the period of 3 years ending on the last day of the month preceding the month in which $W F_{m x}$ is calculated.