FFR Product Scalar Sample Clauses

The FFR Product Scalar clause defines a specific adjustment factor applied to the settlement or calculation of financial products related to Fast Frequency Response (FFR) services. In practice, this scalar modifies the payment or obligation amounts by multiplying them with a predetermined value, which can account for differences in product performance, market conditions, or regulatory requirements. By establishing a clear method for adjusting values, the clause ensures fairness and accuracy in settlements, addressing potential discrepancies and aligning incentives between contracting parties.
FFR Product Scalar. Where FFR Dynamic Response is provided by the Providing Unit, for the purposes of Section 3.2(c) of this Part B of Schedule 4, the FFR Product Scalar is an amount equal to: ((Dynamic Trigger Scalar x 0.4) + (Dynamic Trajectory Scalar x 0.6))
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