Electricity Consumption - Annual Reconciliation28
4.3 The Service Provider shall set out in the Draft Monthly Payment Report submitted to the Authority in the first Month of the second and each subsequent Payment Year any savings arising in respect of electricity consumption during the previous Payment Year in accordance with the following formula:
cs = | Authority share of the Service Provider's energy consumption savings (if any) provided that where this is a negative value it shall be zero, calculated in accordance with the following formula:‑ (((Z x fc) - ac) x wap) / 2 |
where: | |
Z = | 0.95 |
fc = | the annual total of afc, as defined in paragraph 4.1 of Part IV of this Schedule 21 (Payment Mechanism) in KWh for the relevant Payment Year |
ac = | the annual actual electricity consumption in KWh for the relevant Payment Year |
wap = | the weighted average actual price of electricity for the relevant Payment Year in pence per KWh, including 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. |
4.4 If at the time ac and fc are calculated, ac is greater than ninety five per cent (95%) of fc then the provisions of this Part IV shall not apply for that Payment Year.
4.5 The value of cs (if any) shall be paid pursuant to paragraph 4.3 of Part IV of this Schedule 21 (Payment Mechanism) as a one off annual adjustment to the Monthly Service Payment related to the Monthly Payment Report in which cs is included.
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28 Currently follows approach used in Street Lighting Procurement Pack