Common use of Reference Tariff Clause in Contracts

Reference Tariff. (i) The Reference Tariff is specific for each Contract Year in the Term as set forth in Table A and Table C of Schedule 6. For each Contract Year, the Reference Tariff is composed of two components: (A) Reference Capacity Price; and (B) Reference Energy Price. (ii) From and after the Commercial Operations Date, the Capacity Payment and Energy Payment payable to the Company for Dependable Capacity and Net Energy Output, respectively, in any period, during the Term shall be calculated based on the Reference Capacity Price and the Reference Energy Price, as provided in this Section 13.1. (iii) The Reference Capacity Price for each Contract Year is made up of two components: (A) the reference non-escalable component (the “Reference Non-Escalable Capacity Price”); and (B) the reference escalable component consisting of the reference foreign escalable capacity price (the “Reference Foreign Escalable Capacity Price”) and the reference local escalable capacity price (the “Reference Local Escalable Capacity Price”). (iv) The Reference Energy Price is made up of two components: (A) the reference variable operation and maintenance component consisting of the reference foreign variable operation and maintenance component (the “Reference Foreign Variable Operation and Maintenance Price”) and the local variable operation and maintenance component (the “Reference Local Foreign Variable Operation and Maintenance Price”) (together defined as the “Reference Variable Operation and Maintenance Price”); and (B) the price payable by BPDB for 1 (one) kWh of Net Energy Output for the Gas or HFO consumed at the Guaranteed Net Flat Heat Rate for various Plant Factors (PFh) set out in Schedule 6. (v) The Reference Non-Escalable Capacity Price, the Reference Foreign Escalable Capacity Price, the Reference Local Escalable Capacity Price, and the Reference Foreign Variable Operation and Maintenance Price, the Reference Local Variable Operation and Maintenance Price for each Contract Year are provided in Table A of Schedule 6.

Reference Tariff. (i) The Reference Tariff is specific for each Contract Year in the Term as set forth in Table A and Table C of Schedule 6. For each Contract Year, the Reference Tariff is composed of two components: (A) Reference Capacity Price; and (B) Reference Energy Price. (ii) From and after the Commercial Operations Date, the Capacity Payment and Energy Payment payable to the Company for Dependable Capacity and Net Energy Output, respectively, in any period, during the Term shall be calculated based on the Reference Capacity Price and the Reference Energy Price, as provided in this Section 13.1. (iii) The Reference Capacity Price for each Contract Year is made up of two components: (A) the reference non-escalable component (the “Reference Non-Escalable Capacity Price”); and (B) the reference escalable component consisting of the reference foreign escalable capacity price (the “Reference Foreign Escalable Capacity Price”) and the reference local escalable capacity price (the “Reference Local Escalable Capacity Price”). (iv) The Reference Energy Price is made up of two components: (A) the reference variable operation and maintenance component consisting of the reference foreign variable operation and maintenance component (the “Reference Foreign Variable Operation and Maintenance Price”) and the local variable operation and maintenance component (the “Reference Local Foreign Variable Operation and Maintenance Price”) (together defined as the “Reference Variable Operation and Maintenance Price”); and (B) the price payable by BPDB for 1 (one) kWh of Net Energy Output for the Gas or HFO Coal consumed at the Guaranteed Net Flat Heat Rate net heat rate for various Plant Factors (PFh) set out in Schedule 66 (such heat rates referred to as the “Reference Heat Rates”) (the “Reference Coal Price”). (v) The Reference Non-Escalable Capacity Price, the Reference Foreign Escalable Capacity Price, the Reference Local Escalable Capacity Price, and the Reference Foreign Variable Operation and Maintenance Price, the Reference Local Variable Operation and Maintenance Price for each Contract Year are provided in Table A of Schedule 6.

Reference Tariff. (i) The Reference Tariff is specific for each Contract Year in the Term as set forth in Table A and Table C of Schedule 6. For each Contract Year, the Reference Tariff is composed of two components: (A) Reference Capacity Price; and (B) Reference Energy Price. (ii) From and after the Commercial Operations Date, the Capacity Payment and Energy Payment payable to the Company for Dependable Capacity and Net Energy Output, respectively, in any period, during the Term shall be calculated based on the Reference Capacity Price and the Reference Energy Price, as provided in this Section 13.1. (iii) The Reference Capacity Price for each Contract Year is made up of two components: (A) the reference non-escalable component (the “Reference Non-Escalable Capacity Price”); and (B) the reference escalable component consisting of the reference foreign escalable capacity price (the “Reference Foreign Escalable Capacity Price”) and the reference local escalable capacity price (the “Reference Local Escalable Capacity Price”). (iv) The Reference Energy Price is made up of two components: (A) the reference variable operation and maintenance component consisting of the reference foreign variable operation and maintenance component (the “Reference Foreign Variable Operation and Maintenance Price”) and the local variable operation and maintenance component (the “Reference Local Foreign Variable Operation and Maintenance Price”) (together defined as the “Reference Variable Operation and Maintenance Price”); and (B) the price payable by BPDB for 1 (one) kWh of Net Energy Output for the Gas or HFO consumed at the Guaranteed Net Flat Heat Rate for various Plant Factors (PFh) set out in Schedule 6. (v) The Reference Non-Escalable Capacity Price, the Reference Foreign Escalable Capacity Price, the Reference Local Escalable Capacity Price, and the Reference Foreign Variable Operation and Maintenance Price, the Reference Local Variable Operation and Maintenance Price for each Contract Year are provided in Table A of Schedule 6.