TOR1 Charges Sample Clauses

TOR1 Charges. The TOR1Charge is not applied if the average Frequency during the first 30 seconds of the TOR1 Period has been greater than 49.8 Hz. Otherwise, the TOR1 Charge will be applied if the Average TOR1 Deficit is greater than the Applicable Tolerance and is calculated as follows: TOR1 Charge = TOR1 Payment Rate × Average TOR Deficit ×TOR Charge Period Where: a) TOR1 Payment Rate is the Payment Rate (expressed in £/MWh) applicable to TOR1; b) the Average TOR1 Deficit is calculated in accordance with paragraph 5.5 above; and c) TOR1 Charge Period is the Charge Period (expressed in hours) applicable to TOR1.
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