Calculation of Usage Payment
2.11. Subject to paragraph 2.15 of Part II of this Schedule 21 (Payment Mechanism), the Usage Payment for any Payment Year shall be calculated as:
UP = NHGV x HGVR
where:
UP = | |
NHGV = | the total number of HGVs crossing the [ ]11 [Measurement Points] during the Payment Year, which number shall not (irrespective of the actual number of HGVs) exceed [ ]12 |
HGVR = | [HGV Rate], £[ ] |
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11 insert number. This will be project specific. It is not necessary to measure usage throughout the network. It need only be done at a few key locations.
12 Insert number. This caps the level of usage payment. This will be project specific