Annual Utilities Adjustment
9.4 No Annual Comsumption Target Adjustment will be made in respect of any Initial Phase.
9.5 For Contract Years where Monthly Utilities Payments are made, an Annual Utilities Adjustment will be calculated as follows:
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Where: | ||
AUAm | = | The Annual Utilities Adjustment to be applied in the relevant month of the Contract Year; |
CTA | = | The annual Consumption Target Adjustment; |
= | The annual Standing Charge Adjustment; | |
USA | = | The annual unit Utility Service Cost Adjustment. Including any changes to the taxes or levies that have arisen during the year. |
The Annual Utilities Adjustment will be applied to the Monthly Unitary Payment in the second Payment Period of the Contract Year following the Contract Year to which the adjustment relates.