Invoicing & Charges. 5.1 All invoices should reference the statement number and be sent to the Nominated Person as identified in Part 1 of this Agreement.
Invoicing & Charges. Customer will pay the charges set forth in the Toshiba Lease Order Form. The first Minimum Payment is due upon receipt of an invoice. Thereafter, Minimum Payments will be due on the same date each month during the Term of this Maintenance Agreement whether or not Customer receives an invoice. Customer’s obligation to pay the Minimum Payment is unconditional and is not subject to any reduction, set-off, defense, or counterclaim for any reason whatsoever. Excess click charges or Overage Charges, as applicable; will be invoiced monthly for the period selected on the Maintenance Order Form.
Invoicing & Charges. 5.1 All invoices for Flexibility Services should reference the statement number and be sent to the Nominated Person as identified in Part 1 of this Agreement.
5.2 Details of the awarded Availability Fee, Utilisation Fee, or Service Fee for the Flexibility Services are specified in the Post Tender Report. Calculation of the Utilisation Payment and Availability Payment is made in accordance with paragraphs 5.3, 5.4, and 5.5. The Company may amend the formulae for such payments, on written notice to the Provider, prior to a future procurement event. Such new formulae shall supersede the formulae set out below and shall apply to the Service Awards made in respect of that procurement event.
5.3 Calculation of energy-based Utilisation Payment (Secure, Dynamic, Outage Flex)
m i UPsm = ∑ UPi is the summation for each Metered Time Period i subject to a Utilisation Instruction in month m; UPi is the utilisation payment for Flexible Unit s at Metered Time Period i (expressed in £), calculated as: UPi = UFsi × CDi × 1/1000 UFsi is the Utilisation Fee for Flexible Unit s at Metered Time Period i (expressed in £/MWh); CDi is the capped energy delivered by Flexible Unit s at Metered Time Period i during a utilisation event (expressed in kWh) and is calculated as: Max(Min(AMi − BLi, ACi), 0) × DI, for demand constraints CDi = {Max(Min(BL − AM , AC ), 0) × DI, for generation constraints AMi is the average metered export by Flexible Unit s at Metered Time Period i (expressed in kW, imports are negative); BLi is the Baseline for Flexible Unit s at Metered Time Period i (expressed in kW, imports are negative); ACi is the Accepted Capacity for Flexible Unit s at Metered Time Period i (expressed in kW); and DI is the number of hours within each Metered Time Period i.
Invoicing & Charges. 5.1 All invoices shall be submitted in accordance with the below.
5.1.1 Where the Company is able to estimate the Charges in advance, a Purchase Order based on the estimate will be raised to the Provider, covering the period that can be reasonably estimated.
5.1.2 The Company agrees to pay the Charges to the Provider as full remuneration for the satisfactory delivery of Flexibility Services by the Provider in accordance with this Agreement.
5.1.3 The Provider shall provide to the Company an application for payment for all applicable Charges for a calendar month within fifteen (15) days of the end of the calendar month to which such application for payment refers.
5.1.4 The Provider agrees that each application for payment issued by it shall include details of:
(a) The period(s) during which the Flexibility Services were made available to the Company and, if applicable, were utilised;
(b) Availability charges (if any), reflecting any reduction for periods of where the service was unavailable or had reduced capacity;
(c) Utilisation charges (if any) reflecting any reductions for periods of where the service was unavailable or reduced, including any utilisation payment cap.
5.1.5 If the Company intends to pay less than the sum stated as due from it in the application for payment, it shall, not later than ten (10) days after receipt of the application for payment, give the Provider notice of that intention by issuing a Pay Less Notice, which shall specify both the sum that it considers to be due to the Provider at the date the Pay Less Notice is given, or the sum which it considers is due from the Provider to the Company, and the basis on which that sum is calculated.
5.1.6 Except where raised in advance, the Company shall, within ten (10) days of the application for payment, generate and issue to the Provider a Purchase Order for the value of the application for payment minus the amount stated in any relevant Pay Less Notice. Where no payment is due following a Pay Less Notice, no Purchase Order shall be issued.
5.1.7 The Provider will supply to the Company an invoice, or where applicable, a confirmation of acceptance against an invoice issued by the Company, for the Charges within thirty (30) days of the end of the month to which such invoice refers.
5.1.8 The Provider agrees that each invoice issued or accepted by it will include details of, as regards the Flexibility Services to which the invoice relates:
(a) The Purchase Order number as provided by the Co...
Invoicing & Charges. 5.1 All invoices should reference the statement number and be sent to the Nominated Person as identified in Part 1 of this Agreement.
5.1.1 Invoicing will be as per the guide available in the Company’s Participation Guidance document
(a) The Flexibility Services require constant metering with data collected throughout the course of the month via the API. The Flexibility Services and payment cycles are based on a calendar month.
(b) At the end of the month Performance Reports are compiled along with the arming and utilisation payments as applicable and reconciliations for any shortfall of delivery.
5.2 Charges Charges will be agreed based on accepted bid prices during the monthly tender bid cycle. If a bid is accepted on the DPS Platform, the Company will pay as bid. Information relating to applicable Fees for each Service Window(s) for each Zone will be available on the DPS Platform following bid award notification.
Invoicing & Charges. 5.1 Validation and settlement of the Flexibility Services requires the provision of metering data via the API as described in Annex 1.
5.2 The Flexibility Services and payment cycles are based on a calendar month and therefore the Company operates a total of 12 billing cycles within each calendar year.
5.3 After the end of each Utilisation event a Performance Report is created and provided to the Provider via the Portal which allows the Provider to review their results. At the end of the month the Performance Reports are then compiled along with the availability payments and reconciliations for any shortfall of delivery.
5.4 A full earnings statement will be produced automatically within one (1) week following the end of each month as further detailed below. Once the earnings statement has been created and provided to the Provider, the Provider shall confirm within fourteen (14) days of being provided if the calculations are disputed and provide full details of the same to the Company. If the Provider disputes any calculations, then the earnings statement is placed on hold until such dispute is been resolved. The parties will endeavour to resolve any dispute before the cut off period as set out in fig 1. Following resolution or determination of any dispute, the earnings statement shall be updated accordingly.
5.5 If no query is raised on the earnings statement within the fourteen (14) day window the statement is assumed to be correct. Unless the Provider confirms that the Charges are disputed, and following determination or agreement of any disputed earnings statement, the Portal will automatically generate a self-billing invoice which can be downloaded for financial records. The Portal also automatically sends a duplicate to the Company accounts payable for processing.
5.6 In accordance with the self-billing arrangements that will be in force under this Contract, the Provider; o Agrees that the Company will issue invoices on their behalf, o Agrees that they won’t issue VAT invoices for goods or services covered by the Agreement, o Agrees to notify the Company of any changes to their VAT status.
Invoicing & Charges. Customer will pay the charges set forth in the Contract. The first Minimum Payment is due upon receipt of an invoice. Thereafter, Minimum Payments will be due on the same date each month during the Term of this Maintenance Agreement. Customer’s obligation to pay the Minimum Payment is unconditional and is not subject to any reduction, set-off, defense, or counterclaim for any reason whatsoever. Excess click charges or Overage Charges, as applicable; will be invoiced monthly for the period selected on the Maintenance Order Form.
