SOR Payments Sample Clauses
The SOR Payments clause defines the terms and conditions under which payments related to the Schedule of Rates (SOR) are made between parties. Typically, this clause outlines how payment amounts are calculated based on completed work items listed in the SOR, the timing of payment submissions, and any documentation required to support payment claims. By establishing a clear process for valuing and paying for work performed, the clause ensures transparency and reduces disputes over payment, thereby facilitating smooth financial transactions throughout the project.
SOR Payments. The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 04.2.. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SOR Available Volume of the Providing Unit in a Trading Period is determined as: SOR Trading Period Payment = SOR Available Volume × SOR Payment Rate × SOR Scaling Factor × Trading Period Duration Where:
a) SOR Available Volume (expressed in MW) is the Available Volume of the Providing Unit in respect of SOR and is calculated in accordance with Section 46.1;
b) SOR Payment Rate is the Payment Rate (expressed in €/MWh) applicable to SOR;
c) SOR Scaling Factor = SOR Event Performance Scalar x SOR Availability Performance Scalar x SOR Locational Scalar x SOR Temporal Scarcity Scalar; and
d) the Trading Period Duration is expressed in hours. For the purposes of Section 4.2(c) above, the SOR Temporal Scarcity Scalar is X [To be defined and published at least 1 month prior to procurement]:2.76.
SOR Payments. The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 6.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SOR Available Volume of the Providing Unit in a Trading Period is determined as: SOR Trading Period Payment = SOR Available Volume SOR Payment Rate SOR Scaling Factor Trading Period Duration Where:
a) SOR Available Volume (expressed in MW) is the Available Volume of the Providing Unit in respect of SOR and is calculated in accordance with Section 6.1;
b) SOR Payment Rate is the Payment Rate (expressed in €/MWh) applicable to SOR;
c) SOR Scaling Factor = SOR Event Performance Scalar x Availability Performance Scalar x SOR Temporal Scarcity Scalar; and
d) the Trading Period Duration is expressed in hours. For the purposes of (c) above, the SOR Temporal Scarcity Scalar is 2.76.
SOR Payments. The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 4.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SOR Available Volume of the Providing Unit in a Trading Period is determined as: SOR Trading Period Payment = SOR Available Volume SOR Payment Rate SOR Scaling Factor Trading Period Duration Where:
a) SOR Available Volume (expressed in MW) is the Available Volume of the Providing Unit in respect of SOR and is calculated in accordance with Section 4.1;
b) SOR Payment Rate is the Payment Rate (expressed in £/MWh) applicable to SOR;
c) SOR Scaling Factor = SOR Performance Scalar x SOR Product Scalar; and
d) the Trading Period Duration (expressed in hours). For the purposes of Section 4.2(c) above, the SOR Product Scalar is an amount equal to: (Reserve Type Scalar + Reserve Trigger Scalar) ÷ 2 Where:
(i) Reserve Type Scalar is an amount equal to: 1 in the event that Dynamic Response is provided by the Providing Unit and Reserve Trigger Capability is > 49.3 Hz; or 0.5 in the event that Static Response is provided by the Providing Unit and Reserve Trigger Capability is > 49.3 Hz; or zero in the event that Reserve Trigger Capability ≤ 49.3 Hz; and
(ii) Reserve Trigger Scalar is an amount equal to: 1 – ((50 – absolute value of Reserve Trigger Capability) x (5 ÷ 7)), if the value of the Reserve Trigger Capability is >
SOR Payments. The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 4.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SOR Available Volume of the Providing Unit in a Trading Period is determined as: SOR Trading Period Payment = SOR Available Volume × SOR Payment Rate × SOR Scaling Factor × Trading Period Duration Where:
a) SOR Available Volume (expressed in MW) is the Available Volume of the Providing Unit in respect of SOR and is calculated in accordance with Section 4.1;
b) SOR Payment Rate is the Payment Rate (expressed in €/MWh) applicable to SOR;
c) SOR Scaling Factor = SOR Performance Scalar x SOR Product Scalar x SOR Locational Scalar x SOR Temporal Scarcity Scalar ; and
d) the Trading Period Duration (expressed in hours). For the purposes of Section 4.2(c) above, the SOR Product Scalar is an amount equal to: (Reserve Type Scalar + Reserve Trigger Scalar) ÷ 2 Where:
(i) Reserve Type Scalar is an amount equal to: • 1 in the event that Dynamic Response is provided by the Providing Unit and Reserve Trigger Capability is ≥ 49.3 Hz; or • 0.5 in the event that Static Response is provided by the Providing Unit and Reserve Trigger Capability is ≥ 49.3 Hz; or • zero in the event that Reserve Trigger Capability < 49.3 Hz; and
(ii) Reserve Trigger Scalar is an amount equal to: • 1 – ((49.985 – absolute value of Reserve Trigger Capability) x (5 ÷ 6.85)), if the value of the Reserve Trigger Capability is ≥ 49.3 Hz; or • zero if the value of the Reserve Trigger Capability is < 49.3 Hz. For the purposes of Section 4.2(c) above, the value of the SOR Locational Scalar is as defined in Schedule 9 and shall have a minimum value equal to 1; For the purposes of Section 4.2(c) above, the SOR Temporal Scarcity Scalar is an amount equal to: • SORTSS1 in the event that SNSP ≤60%; or • SORTSS2 in the event that SNSP >60% and ≤70%; or • SORTSS3 in the event that SNSP >70%; Where: The values of SORTSS1, SORTSS2 and SORTSS3 are as defined in the Protocol document.
SOR Payments. The Service Provider will receive a payment for each MW of SOR Capability in each Trading Period determined in accordance with the following provisions of this paragraph 4.
SOR Payments. The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 4.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period. The payment to the Service Provider for SOR Available Volume of the Providing Unit in a Trading Period is determined as: SOR Trading Period Payment = SOR Available Volume × SOR Payment Rate × SOR Scaling Factor × Trading Period Duration Where:
a) SOR Available Volume (expressed in MW) is the Available Volume of the Providing Unit in respect of SOR and is calculated in accordance with Section 4.1;
b) SOR Payment Rate is the Payment Rate (expressed in £/MWh) applicable to SOR;
c) SOR Scaling Factor = SOR Performance Scalar x SOR Product Scalar x SOR Locational Scalar x SOR Temporal Scarcity Scalar; and
d) the Trading Period Duration (expressed in hours). For the purposes of Section 4.2(c) above, the SOR Product Scalar is an amount equal to: (Reserve Type Scalar + Reserve Trigger Scalar) ÷ 2 Where:
(i) Reserve Type Scalar is an amount equal to: • 1 in the event that Dynamic Response is provided by the Providing Unit and Reserve Trigger Capability is ≥>