Utilisation Payments definition

Utilisation Payments means payments calculated in accordance with Schedule Five;

Utilisation Payments the payments made by the Company in respect to the capacity or energy delivered over a specified period of time, in response to a Utilisation Instruction;

Utilisation Payments has the meaning given to it in the Service Terms. General Terms and Conditions [●] 2024 DOCUMENT CONTROL (Delete as Required) Authorities Version Issue Date Authorisation Comments 0.1 15 December 2023 CMS First draft for consultation 0.2 25 April 2024 CMS Post-consultation draft Note: cross-references to specific Service Terms and Annexes will be confirmed. TABLE OF CONTENTS 1. Introduction 13 2. Scope of Flexibility Services 13 3. Provider’s Obligations 13 4. Record and Audits 14 5. Representations and Warranties 15 6. Charges and Payments 17 7. Termination 17 8. Service Failure 19

Examples of Utilisation Payments in a sentence

• DER Reactive Service Providers will receive: Availability Payments for Reactive Power Availability accepted in the Power Potential Tender and Utilisation Payments for Reactive Power Response Availability Prices (£/MVar/hr) and Utilisation Prices (£/MVarh) will be the prices submitted by DER Providers as bids for Service Windows at the day-ahead stage, and will be paid on a pay-as-bid basis.

• Reactive Power Utilisation Payments will only be made for MVArs produced/absorbed, as dispatched by EirGrid.

• For Restore Services, the Company calculates Utilisation Payments.

• No Utilisation Payments shall be due to the Provider by the Company for any Flexibility Services delivered in excess of the Optional Utilisation Request.

• The Reactive Power Utilisation Payments shall be determined separately for the production and absorption of Reactive Power (the “Reactive Power Utilisation Payments (Production)” and the “Reactive Power Utilisation Payments (Absorption)” respectively) for each Trading Period as described below.

• Utilisation Payment For a Site(s) / Group ( ), Utilisation Payments for WPD Restore Services are calculated per-constraint Utilisation event ( ).

• Utilisation Payments can be in terms of: • For every metered time period, energy (MWh) delivered supplied by the Provider and multiplied by the Utilisation Fee (£/MWh); or, • The capacity (MW) delivered multiplied by the Utilisation Fee (£/MWh) over a period-of-time.

• Utilisation Payments are made when a Utilisation Instruction is issued by the Company.

• For WPD Secure Services, there are two primary payments: Utilisation Payments and Arming Payments.

• Where the Provider has not fully met the Utilisation Instruction, an additional performance calculation is applied to the Utilisation Payments.

More Definitions of Utilisation Payments

Utilisation Payments means the payments made by the Company in respect to the capacity or energy delivered over a specified period of time, in response to a Utilisation Instruction. “Utilisation Fee” the amount payable by the Company to the Provider for the utilisation of any Flexibility Service, as defined in the Service Terms; and “Zone” the feeding area of the DERs being managed or where the Flexibility Services will be provided and to which the Flexibility Services will be delivered.