Traction Electricity Charge definition
Examples of Traction Electricity Charge in a sentence
In respect of each Charging Period, the Train Operator shall pay or procure payment of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incremental Costs, the Incident Cap Access Charge Supplement and the Qualifying Modification Benefit Charge.
Network Rail shall issue to the Train Operator an invoice as soon as practicable, or as otherwise agreed, following the expiry of each Charging Period in respect of the Variable Charge, the Traction Electricity Charge, the Electrification Asset Usage Charge, the Incident Cap Access Charge Supplement and any Incremental Costs or Qualifying Modification Benefit Charge which is or are payable in respect of that Charging Period.
Where the Train Operator uses a New Modelled Train on the Network, Network Rail shall apply the Traction Electricity Modelled Default Rate in order to calculate the Traction Electricity Charge for the purposes of this paragraph, during the Traction Electricity Modelled Default Rate Period.
For the purposes of paragraph 1, the term Et means an amount in respect of the Traction Electricity Charge in Relevant Year t, which is derived from the following formula: = + + + where: Etmo means an amount calculated in accordance with paragraph 4.1.2 below; Etme means an amount calculated in accordance with paragraph 4.1.3 below; EtmuAC means an amount calculated in accordance with paragraph 4.1.4(a) below; and EtmuDC means an amount calculated in accordance with paragraph 4.1.4(b) below.
The Traction Electricity Charge Adjustment shall be payable once each year only.