Calculation of payable price at interconnection points
Article 24
The payable price for a given standard capacity product at an interconnection point shall be calculated in accordance with either of the following formulas: (a) where the floating payable price approach is applied: P flo = P R,flo + AP Where: P flo is the floating payable price; P R,flo is the reserve price for a standard capacity product applicable at the time when this product may be used; AP is the auction premium, if any. (b) where the fixed payable price approach is applied: P fix = (P R,y × IND) + RP + AP Where: P fix is the fixed payable price; P R,y is the applicable reserve price for a yearly standard capacity product which is published at the time when this product is auctioned; IND is the ratio between the chosen index at the time of use and the same index at the time the product was auctioned; RP is the risk premium reflecting the benefits of certainty regarding the level of transmission tariff, where such premium shall be no less than 0; AP is the auction premium, if any.