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Article 18 Under- and over-recovery

United Kingdom

Original text. Later amendments are not shown.

1.

The under- or over-recovery of the transmission services revenue shall be equal to:

  • RA – R

Where:

  • RA is the actually obtained revenue related to the provision of transmission services;

  • R is the transmission services revenue.

The values of RA and R shall be attributed to the same tariff period and, where an effective inter-transmission system operator compensation mechanism referred to in Article 10(3) is established, shall take such mechanism into account.

2.

Where the difference calculated in accordance with paragraph 1 is positive, it shall indicate an over-recovery of the transmission services revenue. Where such difference is negative, it shall indicate an under-recovery of the transmission services revenue.