PAYMENT CALCULATIONS. STRIKE PRICE 9.1 The "Base Year" applicable to this Contract for Difference is 2012. 9.2 The "Initial Strike Price" applicable to this Contract for Difference is £[●] per MWh37. 31 Drafting note: This shall be either (a) the capacity notified by the Delivery Body in the Generator’s FiT CfD Application as the capacity in megawatts, or (b) if the Allocation Round in which the Generator is participating requires them to submit a sealed bid, then the capacity for which successful allocation has taken place under the Allocation Round.
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Sources: CFD Agreement for Unincorporated Joint Ventures, CFD Agreement for Unincorporated Joint Ventures