Paragraph 4 Capacity payments: calculations to be made monthly for each capacity provider

(1)

The Settlement Body must, after the end of each month of a delivery year (“month M”), calculate for each capacity provider (“C”) the amount in pounds of the capacity payment which, subject to regulation 40(5) and (6) and to regulations 49 to 51, is payable to C in respect of month M (“ $M C P_{c m}$ ”).

(2)

$M C P_{c m}$ must be calculated as the sum of—

(a)

$M C P_{i m}$ , as calculated under paragraph 3, for each capacity committed CMU for which C was the capacity provider for the whole of month M; and

(b)

C’s proportion of $M C P_{i m}$ , as calculated under paragraphs 3 and 8, for each capacity committed CMU for which C was the capacity provider for part of month M.