Common use of Electrification Asset Usage Charge Clause in Contracts

Electrification Asset Usage Charge. 8.1 For the purposes of paragraph 1, the term EAVt means an amount for electrification asset usage which is derived from the following formula: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠𝑠𝑒𝑡 𝑈𝑠𝑎𝑔𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = ∑𝐸𝑉 tk●𝑈𝑉 tk where: ∑ means the summation across all route types; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile on route type k for Relevant Year t, expressed in xxxxx per electrified Vehicle Mile and rounded to two decimal places, which is derived from the following formula: where: CPIt–1 has the meaning set out in paragraph 2.2 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, EV t-1k shall have, in respect of each electrified Vehicle Mile on route type k, the value per electrified Vehicle Mile for the Electrification Asset Usage Charge set out in the Track Usage Price List, multiplied by the Initial Indexation Factor; and in relation to the next following Relevant Year EV t-1k shall have the same value; and UV tk means the actual number of electrified Vehicle Miles on route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual number of electrified Vehicle Miles on route type k in Relevant Year t shall be calculated as follows:

Electrification Asset Usage Charge. 8.1 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: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠𝑠𝑒𝑡 𝑈𝑠𝑎𝑔∑( • ) 𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = ∑𝐸𝑉 tk●𝑈𝑉 tk where: ∑ means thtypes ke summation across all route types; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrifiedin Vehicle Mile on route type k for Relevant Year t, expressed in xxxxx per electrified Vehicle Mile and rounded to two decimal places, which is de= • �1 + (−1−−2) −1 � −2 rived from theRPItCPIt-1 following formula: where: CPIt–1 has the3.1 meaning set out iRPItCPIt-2 n paragraph 2.2 above; and CPIt–2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Releva20142019nt Year coEVtk mmencing on 1 April 2019, EV t-1k shall have, in respect of each electrified relevant Vehicle Mile on route type k, the valueon route type k set out in persection of the Track Usage Price List entitled "Charter electrified Vehicle Mile for the Electrification Asset Usage Charge setrates" out in the Track Usage Price List, multiplied , by the Initial Indexation Factor; and in relation to the nexEVt-1k t following Relevant Year EV t-1k shaUVtk ll have the same value; and UV tk means the actual number of electrified Vehicle Miles ofor all railway vehicles n route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual nuunder this contract mber of electrified Vehicle Miles on route type k in Relevant Yeart. t shall be calculated as follows:

Electrification Asset Usage Charge. 8.1 For the purposes of paragraph 1, the term EAVt means an amount for electrification asset usage which is derived from the following formula: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠ℎ 𝑠𝑒𝑡 𝑈𝑠𝑎𝑔∑● 𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = ∑𝐸𝑉 tk●𝑈𝑉 tk where: ∑ means the summation across all route types; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile on route type k for Relevant Year t, expressed in xxxxx per electrified Vehicle Mile and rounded to two decimal places, which is de= ● �1 + (−1−−2) −1 � −2 rived from the following formula: where: CPIt–1 has the3.1 meaning set out in paragraph 2.2 above; and CPIt–2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year coEVtk mmencing on 1 April 2019, EV t-1k shall have, in respect of each electrified Vehicle Mile on route type k, the value per electrified Vehicle Mile for the Electrification Asset Usage Charge set out in the Track Usage Price List, multiplied by the Initial Indexation Factor; and in relation to the nexEVt-1k t following Relevant Year EV t-1k shaUVtk ll have the same value; and UV tk means the actual number of electrified Vehicle Miles on route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual number of electrified Vehicle Miles on route type k in Relevant Year t shall be calculated as follows:

Electrification Asset Usage Charge. 8.1 For the purposes of paragraph 1, the term EAVt means an amount for electrification asset usage which is derived from the following formula: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠𝑠𝑒𝑡 �∑𝐸𝑉𝑡𝑘�𝑠𝑎𝑔𝑈𝑉𝑡𝑘 𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = ∑𝐸𝑉 tk●𝑈𝑉 tk where: ∑ means the summation across all route types; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile on route type k for Relevant Year t, expressed in xxxxx per electrified Vehicle Mile and rounded to two decimal places, which is de𝐸𝑉𝑡𝑘 = 𝐸𝑉𝑡−1𝑘 ● (1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2)) 𝐶𝑃𝐼𝑡−2 rived from the following formula: where: CPIt–1 has the meaning set out in paeach have ragraph 2.2 meanings above; and CPIt–2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year coEVtk mmencing on 1 April 2019, EV t-1k shall have, in respect of each electrified Vehicle Mile on route type k, the value per electrified Vehicle Mile for the Electrification Asset Usage Charge set out in the Track Usage Price List, multiplied by the Initial Indexation Factor; and in relation to the nexEVt-1k t following Relevant Year EV t-1k shaUVtk ll have the same value; and UV tk means the actual number of electrified Vehicle Miles on route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual number of electrified Vehicle Miles on route type k in Relevant Year t shall be calculated as follows:

Electrification Asset Usage Charge. 8.1 For the purposes of paragraph 1, the term EAVt means an amount for electrification asset usage which is derived from the following formula: 𝐸𝑙𝑒𝑐𝑡𝑟𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛 𝐴𝑠ℎ 𝑠𝑒𝑡 𝑈𝑠𝑎𝑔∑● 𝑒 𝐶ℎ𝑎𝑟𝑔𝑒 = ∑𝐸𝑉 tk●𝑈𝑉 tk where: ∑ means the summation across all route types; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle Mile on route type k for Relevant Year t, expressed in xxxxx per electrified Vehicle Mile and rounded to two decimal places, which is de= ● (1 + ( −1−−2) −1 −2 rived from the following formula: where: CPIt–1 has the meaning set out in paragraph 2.2 above; and CPIt–2 has the meaning set out in paragraph 3.1 above, but so that in relation to the Relevant Year coEVtk mmencing on 1 April 2019, EV t-1k shall have, in respect of each electrified Vehicle Mile on route type k, the value per electrified Vehicle Mile for the Electrification Asset Usage Charge set out in the Track Usage Price List, multiplied by the Initial Indexation Factor; and in relation to the nexEVt-1k t following Relevant Year EV t-1k shaUVtk ll have the same value; and UV tk means the actual number of electrified Vehicle Miles on route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual number of electrified Vehicle Miles on route type k in Relevant Year t shall be calculated as follows: