Common use of Electrification Asset Usage Charge Clause in Contracts

Electrification Asset Usage Charge. 7.1 For the purposes of paragraph 1, the term EAVt means an amount in respect of the Electrification Asset Usage Charge for electrification asset usage which is derived from the following formula: 𝐸𝐴𝑉𝑡 = ∑(𝐸𝑉𝑡𝑘 • 𝑈𝑉𝑡𝑘 ) where: ∑ means the summation across all route types k; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile, expressed in xxxxx and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: 𝐸𝑉𝑡𝑘 = 𝐸𝑉𝑡−1𝑘 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, EVtk shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k set out in the section of the Track Usage Price List entitled "Charter Electrification Asset Usage Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year EVt-1k shall have the same value; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles operated by or on behalf of the Train Operator under this contract on route type k in Relevant Year t.

Electrification Asset Usage Charge. 7.1 For the purposes of paragraph 1, the term EAVt means an amount in respect of the Electrification Asset Usage Charge for electrification asset usage which is derived from the following formula: 𝐸𝐴���� = ∑(�∑( ���𝑡𝑘 • 𝑈𝑉𝑡𝑘 ) where: ∑ means the summation across all route types k; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile, expressed in xxxxx and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: 𝐸−1 𝑉𝑡𝑘 = 𝐸𝑉𝑡−1𝑘 •( −1−−2 (1 + (𝐶�−2 �𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, EVtk shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k set out in the section of the Track Usage Price List entitled "Charter Electrification Asset Usage Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year EVt-1k shall have the same value; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles operated by or on behalf of the Train Operator under this contract on route type k in Relevant Year t.

Electrification Asset Usage Charge. 7.1 For the purposes of paragraph 1, the term EAVt means an amount in respect of the Electrification Asset Usage Charge for electrification asset usage which is derived from the following formula: 𝐸𝐴𝑉𝑡 = ∑(𝐸��𝑡𝑘𝑈𝑉𝑡𝑘 • 𝑈𝑉𝑡𝑘 ) where: ∑ means the summation across all route types k; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile, expressed in xxxxx and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: 𝐸𝑉𝑡𝑘 = 𝐸𝑉𝑡−1𝑘 • (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 has the meaning set out in paragraph 3.1 above; and CPIt-2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year commencing on 1 April 2019, EVtk shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k set out in the section of the Track Usage Price List entitled "Charter Electrification Asset Usage Charge rates", multiplied by the Initial Indexation Factor, and in relation to the next following Relevant Year EVt-1k shall have the same value; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles operated by or on behalf of the Train Operator under this contract on route type k in Relevant Year t.