Examples of Relevant Year t in a sentence
In the event that forecasting or reporting errors occur with respect to the value of theICFt term for Relevant Year t-1 calculated in accordance with Part C of this condition, the licensee shall submit, for approval by the Authority, a proposed value for the TRUt term for Relevant Year t to reconcile such errors.
Any submission under paragraph 6 must be made by a date no later than 15 months after the end of Relevant Year t-1 and in any case shall be submitted to the Authority at the same time as the licensee’s Annual Cap and Floor RIGs Submission for Relevant Year t.
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.17.
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.
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.