Common use of TOR1 Payments Clause in Contracts

TOR1 Payments. The Service Provider will receive a payment for each MW of TOR1 Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 5.2. 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 TOR1 Available Volume of the Providing Unit in a Trading Period is determined as: TOR1 Trading Period Payment = TOR1 Available Volume × TOR1 Payment Rate × TOR1 Scaling Factor × Trading Period Duration

Appears in 13 contracts

Samples: System Services Agreement, Agreement, System Services Agreement

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TOR1 Payments. The Service Provider will receive a payment for each MW of TOR1 Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 5.27.2. 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 TOR1 Available Volume of the Providing Unit in a Trading Period is determined as: TOR1 Trading Period Payment = TOR1 Available Volume × TOR1 Payment Rate × TOR1 Scaling Factor × Trading Period Duration

Appears in 4 contracts

Samples: System Services Fixed Contracts Agreement, System Services Fixed Contracts Agreement, www.eirgridgroup.com

TOR1 Payments. The Service Provider will receive a payment for each MW of TOR1 Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 5.2. 05.2.. 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 TOR1 Available Volume of the Providing Unit in a Trading Period is determined as: TOR1 Trading Period Payment = TOR1 Available Volume × TOR1 Payment Rate × TOR1 Scaling Factor × Trading Period Duration

Appears in 2 contracts

Samples: www.eirgridgroup.com, www.eirgrid.ie

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TOR1 Payments. The Service Provider will receive a payment for each MW of TOR1 Available Volume it provides from the Providing Unit Capability in each Trading Period determined in accordance with the following provisions of this Section paragraph 5.2. 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 TOR1 Available Volume Capability of the Providing Generating Unit in a Trading Period is determined as: TOR1 Trading Period Payment = TOR1 Available Volume Capability × TOR1 Payment Rate × TOR1 Scaling Factor × Trading Period DurationDuration Where

Appears in 1 contract

Samples: Services Agreement

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