Common use of SIR Payments Clause in Contracts

SIR Payments. The Service Provider will receive a payment for each MWs2 of SIR Available Volume for the Providing Unit in each Trading Period where Synchronised, determined in accordance with the following provisions of this Section 3.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SIR Available Volume of the Providing Unit in a Trading Period is determined as: SIR Trading Period Payment = SIR Available Volume × SIR Payment Rate × Trading Period Duration Where:

SIR Payments. The Service Provider will receive a payment for each MWs2 MW of SIR Available Volume for the Providing Unit in each Trading Period where Synchronised, determined in accordance with the following provisions of this Section 3.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SIR Available Volume of the Providing Unit in a Trading Period is determined as: SIR Trading Period Payment = SIR Available Volume × SIR Payment Rate × Trading Period Duration Where: