Electricity Costs
4.1 The Electricity Costs Adjustment for each Month shall be calculated in accordance with the following formula:
(a) Where the Authority has entered into a contract and pays directly for the supply of electricity to the Powered Apparatus:
ECA | = | ap x (afc - mac); |
(b) Where the Service Provider has entered into a contract and pays directly for the supply of electricity to the Powered Apparatus;
ECA | = | ap x afc; |
Where: | ||
Ap | = | the actual price of electricity for the relevant Month in pence per KwH, including, without limitation, all fixed and standing charges, all associated metering and data management charges, the climate change levy (and any replacement levy or charge) and any premium charged for any specific terms and conditions related to the supply of electricity to the Powered Apparatus; |
Mac | = | the actual monthly electricity consumption in KwH paid for by the Authority for the relevant month, as shown on the relevant electricity invoice or other documentation where consumption is not shown on the electricity invoice received by the Authority; |
Afc | = | the [Adjusted Forecast Electricity Consumption] except for the duration of the [Core Investment Programme Period] in which case it shall equal the [Adjusted Core Investment Programme Period] [Forecast Electricity Consumption] (ACFEC)24. Where the Month for which afc is required is not a full calendar month, afc shall be pro rated so that it only represents the consumption for the appropriate proportion of the calendar month; |
ACFEC | = | [pfcm-1 + ((pfcm - pfcm-1) x ((ARp - PRm-1) / (PRm - PRm-1))) |
Where: | ||
Save where ARp is greater than or equal to PRp in which case ACFEC shall equal pfcp;]25 | ||
Or | ||
[the Adjusted CIPP Forecast Electricity Consumption in KwH]26 | ||
= | the actual Month of the Core Investment Programme for which the calculation of ACFEC is being carried out and, for the avoidance of doubt, the Month in which the Service Commencement Date occurs shall be considered Month 1 of the [Core Investment Programme Period]; | |
M | = | the lesser of p or the Month in which PRm is closest to, but greater than, ARp; |
ARp | = | cumulative number of CIPP [Powered27] Apparatus [Removed] by the Service Provider, as Certified by the Independent Certifier, from the Service Commencement Date up to and including the last day of the Month p; |
PRm | = | cumulative number of CIPP [Powered] Apparatus the Service Provider proposes to have Certified as being [Removed] by the Independent Certifier of the Contract from the Service Commencement Date up to, and including, the last day of the Month m; |
PRm-1 | = | cumulative number of CIPP [Powered] Apparatus the Service Provider proposes to have Certified as being [Removed] by the Independent Certifier from the Service Commencement Date up to, and including, the last day of the Month immediately preceding m; |
PRp | = | cumulative number of CIPP [Powered] Apparatus the Service Provider proposes to have Certified as being [Removed] from the Service Commencement Date up to, and including, the last day of Month p; |
pfcm | = | |
pfcm-1 | = | the CIPP Forecast Electricity Consumption for the Month immediately preceding m; |
pfcp | = | the CIPP Forecast Electricity Consumption for the month p; |
4.2 In the event of any change in the Balancing and Settlement Code Procedure 520 or the rates shown in such code, the Service Provider shall prepare, and submit to the Authority, a plan setting out its proposals to mitigate any related costs to the Authority under this Contract. If the Authority requires the Service Provider to make any changes in the provision of the Service and/or there is an effect on the CIPP Forecast Consumption or the Forecast Electricity Consumption, such changes and/or effects shall be deemed to be an Authority Change.
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24 depending on the shape of the forecast consumption profile it may be the formula in ACFEC or the Adjusted CIPP Forecast Electricity Consumption
25 This option is more appropriate where the forecast energy consumption increases throughout the Core Investment Programme as it ensures that the Authority does not pay for additional energy where the Service Provider is behind schedule in particular in relation to the Street Lighting element of the Contract. It calculates the appropriate level of forecast consumption for the level of progress made up to a maximum of that planned in the Core Investment Programme.
26 This option is more appropriate where the forecast energy consumption decreases throughout the Core Investment Programme Period as it ensures that the Authority does not pay for additional energy where the Service Provider is behind schedule. It ensures the Authority pays for the forecast consumption as expected in the Core Investment Programme even if the Service Provider is behind schedule.
27 Likely to be in relation to Street Lighting Powered Apparatus