Common use of Scenario Clause in Contracts

Scenario. The Participant has agreed to load shift of 1MW per Event at a price of $27,000 per MW (Bid Rate). There is a total of 26 Events for the Term. There were 2 Events in a Month. The Baseline for this Premises had been measured and established as 2MW for the first Event and 1.5MW for the second Event. For the first Event, the actual demand at the Premises was 2.6MW. The fees payable by Western Power to the Participant for the first Event will be calculated as follows: The maximum possible fees for the Event is $1,038.46 comprising an Availability Incentive of $207.69 and Performance Incentive of $830.77. The Achieved Flexibility for this Event is equal to the difference between the actual demand at the Premises and the Baseline (i.e 2.6MW – 2MW = 0.6MW). This equates to 60% of the 1MW Flexibility Target. Performance Incentive = $830.77 x 60% = $498.46 Availability Incentive = $207.69 Fee Payable: $498.46 + $207.69 = $706.15 For the second Event, the actual demand at the Premises was 1.9MW. The fees payable by Western Power to the Participant for the second Event will be calculated as follows: The maximum possible fees for the Event is $1,038.46 comprising an Availability Incentive of $207.69 and Performance Incentive of $830.77. The Achieved Flexibility for this Event is equal to the difference between the actual demand at the Premises and the Baseline (i.e 1.9MW –

Scenario. The Participant has agreed to load shift of 1MW per Event at a price of $27,000 per MW (Bid Rate). There is a total of 26 Events for the Term. There were 2 Events in a MonthThe Participant achieved 100% of its Flexibility Target for each Event. The Baseline for this Premises had been measured and established as 2MW for the first Event and 1.5MW for the second Event. For the first Event, the actual demand at the Premises was 2.6MW. The maximum fees payable by Western Power to the Participant for the first Event Term will be calculated as follows: The maximum possible fees for 1MW x $27,000 = $27,000 Of that amount the Event is $1,038.46 comprising an Availability Incentive of $207.69 and Performance Incentive of are: Availability Incentive = $830.77. The Achieved Flexibility for this Event is equal to the difference between the actual demand at the Premises and the Baseline (i.e 2.6MW – 2MW 27,000 x 20% = 0.6MW). This equates to 60% of the 1MW Flexibility Target. $5,400 Performance Incentive = $830.77 27,000 x 6080% = $498.46 Availability Incentive = $207.69 21,600 Fee Payable: $498.46 21,600 + $207.69 5,400 = $706.15 For the second Event, the actual demand at the Premises was 1.9MW. 27,000 The maximum fees payable by Western Power to the Participant for the second an Event will be calculated as follows: The maximum possible fees for the Event is $27,000 ( ) = $1,038.46 comprising an 26 Of that amount the Availability Incentive of $207.69 and Performance Incentive of are: Availability Incentive = $830.77. 1,038.46 x 20% = $207.69 Performance Incentive = $1,038.46 x 80% = $830.77 Fee Payable: $207.69 + $830.77 = $1,038.46 The Achieved Flexibility for this Event is equal maximum fees payable by Western Power to the difference between the actual demand at the Premises and the Baseline Participant for a Month if there were three (i.e 1.9MW –3) Events in that Month will be calculated as follows: Fee Payable: $1,038.46 x 3 = $3,115.38