Annual Reconciliation Payment Calculation. The Annual Reconciliation Payment for each Support Year during the Support Period is calculated as follows: ASY = BSY - ∑ Bq Where: ASY = the Annual Reconciliation Payment for the relevant Support Year; BSY = the Net Annual Payment for the relevant Support Year; and ∑ Bq = the aggregate of the Quarterly Payments to which the Operator is entitled for the first three Quarters of the relevant Support Year.
Annual Reconciliation Payment Calculation. The Annual Reconciliation Payment for each Support Year during the Support Period is calculated as follows: ASY = BSY - ∑ Bq Where: ASY = the Annual Reconciliation Payment for the relevant Support Year; BSY = the Net Annual Payment for the relevant Support Year; and ∑ Bq = the aggregate of the Quarterly Payments to which the Operator is entitled for the first three Quarters of the relevant Support Year. Pro rata calculation Where any of paragraphs (a) and (c) of the definition of Support Year apply, the Annual Revenue Floor and Annual Revenue Ceiling will be adjusted proportionally, having regard to the number of days in the relevant partial year as a percentage of the total number of days in a full calendar year. Calculation of Net Annual Payment The Net Annual Payment for each Support Year during the Support Period is calculated as follows: BSY = CSY - DSY - ZSY Where: BSY = the Net Annual Payment for the relevant Support Year; CSY = the Annual Support Amount for the relevant Support Year; (in $); DSY = the Annual Revenue Sharing Amount for the relevant Support Year; and ZSY = the Aggregate Annual Rebate for the relevant Support Year;. Calculation of Aggregate Annual Rebate The Aggregate Annual Rebate for a Support Year is calculated as: ZSY = ESY + FSY + GSY where: ZSY = the Aggregate Annual Rebate for the relevant Support Year; ESY = the Availability Rebate; FSY = the Performance Event Rebate; and GSY = the Storage Capacity Rebate, each for the relevant Support Year, provided that if the Aggregate Annual Rebate is greater than CSY then it will be deemed to be equal to CSY. Calculation of Annual Support Amount The Annual Support Amount for each Year during the Support PeriodYear is calculated as follows: CSY = Min((NSY - ISY) x J, HSY) Where: CSY = the Annual Support Amount for the relevant Support Year; NSY = the Annual Revenue Floor; HSY = the Annual Payment Cap; ISY = the Adjusted Net Operational Revenue; and J = the Revenue Floor Support Percentage, each for the relevant Support Year provided that if the Annual Support Amount is less than zero, then it will be deemed to be zero. Calculation of Annual Revenue Sharing Amount The Annual Revenue Sharing Amount for each Support Year during the Support Period is calculated as follows: DSY = Min((ISY - KSY) x L, HSY) Where: DSY = the Annual Revenue Sharing Amount for the relevant Support Year; ISY = the Adjusted Net Operational Revenue; HSY = the Annual Payment Cap; KSY = the Annual Revenue Ceiling; and L ...
