7 PRICE AND PAYMENT MECHANISM

SoPC Section (or Clause)

Nature of Revision

Description of Revision

Drafting Change (shown in bold)

7 Price and
Payment Mechanism

Substantially New

This is a new Section providing new or substantially updated guidance on the development and calibration of payment mechanisms and on the use of user satisfaction surveys, setting out:

•  the key features of a payment mechanism (s. 7.2.1)

•  the structuring of the mechanism (s. 7.3)

•  usage based systems (s. 7.4)

•  calibration (s. 7.5)

•  financability (s. 7.6)

•  flexibility features (s.7.7)

•  remedies (s. 7.8) and

•  user satisfaction surveys (s. 7.9).