Examples of Physical Capacity in a sentence
Capacity Transaction Amount An amount payable in respect of a Gas Day, representing the Transaction Price multiplied by the Transaction Quantity under all Physical Capacity Transactions for which the Delivery Period includes all or part of that Gas Day where the Trading Participant is the Buyer (in which case the amount is payable by the Trading Participant to the Operator) or the Seller (in which case the amount is payable by the Operator to the Trading Participant).
GTA Termination Adjustment Amount An amount payable in respect of an affected Physical Capacity Transaction (as defined in clause 14A.6(d)).
This clause 14A applies to the Operator and a Trading Participant who is a party to a Physical Capacity Transaction, in its capacity as a Delivering Participant or Receiving Participant.
The adjustment factor is: (A-B)/A where: A is the total of the Transaction Quantity for the Gas Day for all affected Physical Capacity Transactions of that Capacity Type; and B is the Transaction Quantity for the Gas Day for each relevant primary transaction of that Capacity Type.