Common use of Electrification Asset Usage Charge Clause in Contracts

Electrification Asset Usage Charge. 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: 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: 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. The Train Operator shall pay or procure the payment to Network Rail of: the Variable Usage Charge; the Traction Electricity Charge; not used; the Electrification Asset Usage Charge; the Slot Charge; the Cancellation Charge; and any other sums which have fallen due in accordance with any provision of this contract, attributable to any Period as invoiced by Network Rail on or after expiry of each such Period within 21 days of the invoice date or 28 days after the end of the Period, whichever is later. Not used

Appears in 2 contracts

Samples: Track Access Contract, Track Access Contract

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Electrification Asset Usage Charge. 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: where: ∑ means the summation across all route types ktypes; EVtk means an amount in respect of the Electrification Asset Usage Charge per electrified Vehicle MileMile on route type k for Relevant Year t, expressed in xxxxx per electrified Vehicle Mile and rounded to two decimal places, on route type k in Relevant Year t, which is derived from the following formula: where: CPIt-1 CPIt–1 has the meaning set out in paragraph 3.1 2.2 above; and CPIt-2 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 20192024, EVtk EVt-1k shall have, in respect of each electrified Vehicle Mile on route type k, the relevant value per electrified Vehicle Mile on route type k for the Electrification Asset Usage Charge 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 valueList; and UVtk means the actual number of electrified Vehicle Miles for all railway vehicles on route type k in Relevant Year t operated by or on behalf of the Train Operator. Where the Train Operator under this contract operates a Bimodal Electric Multiple Unit or Bimodal Locomotive, the actual number of electrified Vehicle Miles on route type k in Relevant Year t. The t shall be calculated as follows: where the Bimodal Electric Multiple Unit or Bimodal Locomotive is operating in a Traction-Train Compatible situation and is not a Metered Train m, it shall be deemed that all mileage, if any, of such train is electrified; or where the Bimodal Electric Multiple Unit or Bimodal Locomotive is a Metered Train m, in accordance with paragraph 4.1.5 above. Where the Train Operator intends to use New Specified Equipment on the Network, it shall where reasonably practicable inform Network Rail in writing of the date or likely date from which it intends to do so. Where the Train Operator uses New Specified Equipment on the Network, the Train Operator shall pay or procure the payment to Network Rail of: the Variable Usage Charge; relevant VUC Default Charge during the Traction Electricity Charge; not used; the Electrification Asset Usage Charge; the Slot Charge; the Cancellation Charge; and any other sums which have fallen due in accordance with any provision of this contract, attributable to any Period as invoiced by Network Rail on or after expiry of each such Period within 21 days of the invoice date or 28 days after the end of the VUC Default Period, whichever is later. Not used.

Appears in 1 contract

Samples: Track Access Contract

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