Examples of Relevant Year t in a sentence
In respect of each Relevant Year t, the Train Operator shall pay the amount of any sum S1tω and/or S2tω and/or any Charge Correction Amount payable, as provided in paragraph 18 of the Traction Electricity Rules.
Where the Actual Availability of the licensee’s Interconnector is below the Minimum Availability Target in any Relevant Year, the licensee shall provide a written statement to the Authority, from an authorised director of the licensee, within 3 months of the end of Relevant Year t, explaining how the steps that the licensee has taken have discharged the obligations under paragraph 3 of this condition including but not limited to the cause(s) of the Interconnector Outage(s) and the impacts on its users.
For any Relevant Year t where the licensee considers, and can provide supporting evidence that, in respect of Relevant Year t, there have been costs and/or expenses that have been incurred or saved by an Income Adjusting Event, the licensee may give written notice of this Income Adjusting Event to the Authority.
For the purposes of this condition, Allowed Transmission Owner Revenue (OFTOt) shall take the value of zero in all Relevant Years preceding the Commencement Relevant Year (t=1) and thereafter Allowed Transmission Owner Revenue (OFTOt) shall be calculated in accordance with the following formula: OFTOt = BRt + PTt + PAt-Kt (1) where: OFTOt means Allowed Transmission Owner Revenue in the Relevant Year t.
Subject to paragraph 27(a) of this condition, the licensee shall not be eligible for anupwards adjustment of Interconnector Revenue through the CFAap term for any Relevant Year t in which the Actual Availability falls below the Minimum Availability Target.