Calculation of reserve prices for non-yearly standard capacity products for firm capacity in absence of seasonal factors
Article 14
The reserve prices for non-yearly standard capacity products for firm capacity shall be calculated as follows: (a) for quarterly standard capacity products, for monthly standard capacity products and for daily standard capacity products, in accordance with the following formula: P st = (M × T / 365) × D Where: P st is the reserve price for the respective standard capacity product; M is the level of the multiplier corresponding to the respective standard capacity product; T is the reference price; D is the duration of the respective standard capacity product expressed in gas days. For leap years, the formula shall be adjusted so that the figure 365 is substituted with the figure 366. (b) for within-day standard capacity products, in accordance with the following formula: P st = (M × T / 8760) × H Where: P st is the reserve price for the within-day standard capacity product; M is the level of the corresponding multiplier; T is the reference price; H is the duration of the within-day standard capacity product expressed in hours. For leap years, the formula shall be adjusted so that the figure 8760 is substituted with the figure 8784.