Determination of the Remuneration Clause Samples

Determination of the Remuneration. The Functioning Rules govern the determination of the Capacity Remuneration («pay-as-bid » ). the Contracted Capacity for each Transaction, limited to the Transaction Period, and listed in Annex A.1

Determination of the Remuneration. 5.1.1. The Functioning Rules govern the determination of the Capacity Remuneration (‘pay-as-bid’). 5.1.2. The Capacity Remuneration is expressed in euros (€) per MW per year (euros/MW/year) and covers the Contracted Capacity for each Transaction, limited to the Transaction Period, and listed in Annex A.1 to this Contract. The Capacity Remuneration is paid under the form of a Monthly Remuneration, as from the first month of the Transaction Period in accordance with the formula and the modalities set out below. 5.1.3. The Monthly Remuneration is subject to an ex-ante invoicing issued by the CAPACITY PROVIDER based on the formula provided in paragraph 5.1.5, subject to the monthly statement mentioned in paragraph 5.1.4. The ex-ante invoice is paid according to the modalities provided in Article 6, subject to the possibility of challenging the ex-ante invoice in accordance with paragraph 5.4.1. For a Transaction with a Transaction Validation Date later than five (5) Working Days prior to the first day of month M, no ex-ante invoicing will be applied, but the Monthly Remuneration for this Transaction will be invoiced based on the monthly statement as provided in paragraph 5.3.2. 5.1.4. The Monthly Remuneration is also subject to a monthly statement prepared by ▇▇▇▇ based on the formula provided in paragraph 5.1.5 and within the time frame provided for in paragraph

Determination of the Remuneration. The Functioning Rules govern the determination of the Capacity Remuneration (pay-as-bid » / « pay-as- cleared »). The Capacity Remuneration is expressed in euros (€) per MW per year and covers the Contracted Capacity for each Transaction, limited to the Transaction Period, and listed in Annex A to this Capacity Contract. The Capacity Remuneration is paid under the form of a Monthly Remuneration. The Monthly Remuneration linked to each Transaction shall be specified in a monthly statement and shall be the subject of a single monthly invoice (pro forma and later on final) by the CAPACITY PROVIDER as described in article 6. The Monthly Remuneration for each Transaction, as specified in the corresponding report, is equal to the sum over each hour of the Transaction Period for the relevant month of the product of the Contracted Capacity over the hour multiplied by the Capacity Remuneration and divided by the number of hours in the relevant Delivery Period. This is represented by the following formula: 𝑀𝑜𝑛𝑡ℎ𝑙𝑦 𝑅𝑒𝑚𝑢𝑛𝑒𝑟𝑎𝑡𝑖𝑜𝑛 (𝑇𝑟𝑎𝑛𝑠𝑎𝑐𝑡𝑖𝑜𝑛𝑖𝑑, 𝑟𝑒𝑙𝑒𝑣𝑎𝑛𝑡 𝑚𝑜𝑛𝑡ℎ 𝑀) = ∑ (𝐶𝑜𝑛𝑡𝑟𝑎𝑐𝑡𝑒𝑑 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 (𝑇𝑟𝑎𝑛𝑠𝑎𝑐𝑡𝑖𝑜𝑛𝑖𝑑 , 𝑡) ∗ 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑅𝑒𝑚𝑢𝑛𝑒𝑟𝑎𝑡𝑖𝑜𝑛 (𝑇𝑟𝑎𝑛𝑠��𝑐𝑡𝑖𝑜𝑛𝑖𝑑) ) 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 𝑖𝑛 𝑡ℎ𝑒 𝐷𝑒𝑙𝑖𝑣𝑒𝑟𝑦 𝑃𝑒𝑟𝑖𝑜𝑑 𝑡=1 where: - 𝑇𝑟𝑎𝑛𝑠𝑎𝑐𝑡𝑖𝑜𝑛𝑖𝑑 is the unique identifier of the Transaction, as specified in the CRM IT Interface and in Annex A of the Contract; - 𝑟𝑒𝑙𝑒𝑣𝑎𝑛𝑡 𝑚𝑜𝑛𝑡ℎ 𝑀 is the month covered in whole or in part by the Transaction Period of the Transaction and forming part of the Delivery Period; - 𝑡 𝑎𝑛𝑑 w represent respectively the hours and total number of hours in a Transaction Period for the relevant month; - 𝐶𝑜𝑛𝑡𝑟𝑎𝑐𝑡𝑒𝑑 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 (𝑇𝑟𝑎𝑛𝑠𝑎𝑐𝑡𝑖𝑜𝑛𝑖𝑑, 𝑡) is the Contracted Capacity in the Transaction of a CMU over the hour, available in the Capacity Contract and in the CRM IT Interface; - 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑅𝑒𝑚𝑢𝑛𝑒𝑟𝑎𝑡𝑖𝑜𝑛 (𝑇𝑟𝑎𝑛𝑠𝑎𝑐𝑡𝑖𝑜𝑛𝑖𝑑) is the remuneration granted to Capacity Providers in exchange for making their capacity available, and is determined for each Transaction as specified in Annex A and expressed in €/MW/Year; month in question. - 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 𝑖𝑛 𝑡ℎ𝑒 𝐷𝑒𝑙𝑖𝑣𝑒𝑟𝑦 𝑃𝑒𝑟𝑖𝑜𝑑 is the number of hours in the Delivery Period containing the During the Delivery Period, the Monthly Remuneration may be impacted by the following elements, in accordance with the Functioning Rules: - The Unavailability Penalties applicable, and as limited by the monthly/annual cap; - The temporary and permanent reduction in remuneration as provided for during the Delivery Period and as specified in the Functioning Rules; - The Paybac...