Examples of Calculation Month in a sentence
The Renewable Qualifying Multiplier shall, in respect of each Settlement Unit within an RQM Calculation Month, be the amount so calculated by the CfD Counterparty in accordance with the RQM Calculation Methodology.
The Annual Quantity in respect of each Supply Meter Point shall be calculated in each AQ Calculation Month.
Base Period - is the 12 calendar month period just preceding the Calculation Month.
If, in relation to a Supply Meter Point and an AQ Closing Read in a month, there is no Valid Meter Reading which qualifies as an AQ Opening Reading under the requirements in paragraph 2.3.7(b)), an Annual Quantity shall not be calculated and that month shall not be an AQ Calculation Month and the prevailing Annual Quantity of the Supply Meter Point shall be unchanged.
For the purposes of the Code, subject to paragraph 2.3.18, the “Formula Year Annual Quantity” for a Class 3 or 4 Supply Meter Point and the Supply Point(s) in which it is comprised for a Formula Year is the Annual Quantity determined in the most recent AQ Calculation Month falling not later than the December prior to that Formula Year, notwithstanding any subsequent change in the basis of determination of such Annual Quantity as a result of a change in Class of the Supply Meter Point.