Common use of Scenario Clause in Contracts

Scenario. The Participant has agreed to load shift of 1MW per Event at a price of $27,000 per MW (Bid Rate). There is a total of 26 Events for the Term. The Participant achieved 100% of its Flexibility Target for each Event. The maximum fees payable by Western Power to the Participant for the Term will be calculated as follows: 1MW x $27,000 = $27,000 Of that amount the Availability Incentive and Performance Incentive are: Availability Incentive = $27,000 x 20% = $5,400 Performance Incentive = $27,000 x 80% = $21,600 Fee Payable: $21,600 + $5,400 = $27,000 The maximum fees payable by Western Power to the Participant for an Event will be calculated as follows: $27,000 ( ) = $1,038.46 26 Of that amount the Availability Incentive and Performance Incentive are: Availability Incentive = $1,038.46 x 20% = $207.69 Performance Incentive = $1,038.46 x 80% = $830.77 Fee Payable: $207.69 + $830.77 = $1,038.46 The maximum fees payable by Western Power to the Participant for a Month if there were three (3) Events in that Month will be calculated as follows: Fee Payable: $1,038.46 x 3 = $3,115.38

Scenario. The Participant has agreed to load shift of 1MW per Event at a price of $27,000 per MW (Bid Rate). There is a total of 26 Events for the Term. There were 2 Events in a Month. The Participant achieved 100% of its Flexibility Target Baseline for each this Premises had been measured and established as 2MW for the first Event and 1.5MW for the second Event. For the first Event, the actual demand at the Premises was 2.6MW. The maximum fees payable by Western Power to the Participant for the Term first Event will be calculated as follows: 1MW x The maximum possible fees for the Event is $27,000 = $27,000 Of that amount the 1,038.46 comprising an Availability Incentive of $207.69 and Performance Incentive are: of $830.77. The Achieved Flexibility for this Event is equal to the difference between the actual demand at the Premises and the Baseline (i.e 2.6MW – 2MW = 0.6MW). This equates to 60% of the 1MW Flexibility Target. Performance Incentive = $830.77 x 60% = $498.46 Availability Incentive = $27,000 x 20% = $5,400 Performance Incentive = $27,000 x 80% = $21,600 207.69 Fee Payable: $21,600 498.46 + $5,400 207.69 = $27,000 706.15 For the second Event, the actual demand at the Premises was 1.9MW. The maximum fees payable by Western Power to the Participant for an the second Event will be calculated as follows: $27,000 ( ) = The maximum possible fees for the Event is $1,038.46 26 Of that amount the comprising an Availability Incentive of $207.69 and Performance Incentive are: Availability Incentive = of $1,038.46 x 20% = $207.69 Performance Incentive = $1,038.46 x 80% = $830.77 Fee Payable: $207.69 + $830.77 = $1,038.46 830.77. The maximum fees payable by Western Power Achieved Flexibility for this Event is equal to the Participant for a Month if there were three difference between the actual demand at the Premises and the Baseline (3) Events in that Month will be calculated as follows: Fee Payable: $1,038.46 x 3 = $3,115.38i.e 1.9MW –