Capacity Payment (CPi Sample Clauses

Capacity Payment (CPi. Capacity Payment for a given Month will be determined based on the Capacity Charge applicable for the month and the Contracted Dependable Capacity or Commissioned Dependable Capacity or On- going Dependable Capacity, whichever is lower. CPi  CCi * DC Where: CPi Capacity Payment for the ith Month CCi Capacity Charge for the ith Month DC Contracted Dependable Capacity or Commissioned Dependable Capacity or On-going Dependable Capacity, whichever is lower The Capacity Charge (CCi) for each billing period is the fixed component of the Tariff, expressed in US Dollars per MW per month The Capacity Charge comprises the Capacity Charge (Non-Escalable Component) (CCnei) and the Capacity Charge (Escalable Component) (CCei) as described below. CCi  CCnei  CCei If two step operation is agreed, the Seller shall declare Capacity Charge both escalable and non- escalable for both Open Cycle Operation and Combined Cycle Operation. Capacity Charges for Open Cycle Operation will be applicable only during the period from the Commercial Operations Date until completion of Commissioning tests on Combined Cycle Operation. Capacity Charges for Combined Cycle Operation will be applicable from the completion of Commissioning tests on Combined Cycle Operation, irrespective of whether the Plant is dispatched in Open Cycle Operation or Combined Cycle Operation.