44.0

<div data-id="introduction" style="text-align:left">Introduction</div>

<div data-id="general" style="text-align:left">General</div>

<div data-id="obligation-and-entitlement-of-parties" style="text-align:left">Obligation and Entitlement of Parties</div>

<div data-id="data-requirements" style="text-align:left">Data Requirements</div>

<div data-id="data-receipt-and-validation" style="text-align:left">Data Receipt and Validation</div>

<div data-id="market-index-definition-statement" style="text-align:left"><u class='defined-term'>Market Index Definition Statement</u></div>

<div data-id="provision-of-market-index-data" style="text-align:left">Provision of <u class='defined-term'>Market Index Data</u></div>

<div data-id="loss-of-load-probability-calculation-statement" style="text-align:left"><u class='defined-term'>Loss of Load Probability Calculation Statement</u></div>

<div data-id="single-contingency-imbalance-price-following-secretary-of-state-direction" style="text-align:left">Single (contingency) Imbalance Price (following <u class='defined-term'>Secretary of State</u> direction)</div>

<div data-id="allocation-of-transmission-losses" style="text-align:left">Allocation of Transmission Losses</div>

<div data-id="delivering-and-offtaking-trading-units" style="text-align:left">Delivering and Offtaking Trading Units</div>

<div data-id="transmission-loss-factors" style="text-align:left"><u class='defined-term'>Transmission Loss Factor</u>s</div>

<div data-id="determination-of-transmission-loss-multipliers" style="text-align:left">Determination of <u class='defined-term'>Transmission Loss Multiplier</u>s</div>

<html><head></head><body><div data-id="settlement-of-balancing-mechanism-actions" style="text-align:left"><u class="defined-term">Settlement</u> of Balancing Mechanism Actions</div></body></html>

<div data-id="conversion-of-data-received-from-the-transmission-company" style="text-align:left">Conversion of Data Received from the Transmission Company</div>

<div data-id="continuous-acceptance-duration" style="text-align:left"><u class='defined-term'>Continuous Acceptance Duration</u></div>

<div data-id="continuous-acceptance-duration-limit" style="text-align:left"><u class='defined-term'>Continuous Acceptance Duration Limit</u></div>

<div data-id="price-average-reference" style="text-align:left">Price Average Reference</div>

<div data-id="replacement-price-average-reference" style="text-align:left"><u class='defined-term'>Replacement Price</u> Average Reference</div>

<div data-id="value-of-lost-load" style="text-align:left"><u class='defined-term'>Value of Lost Load</u></div>

<div data-id="establishment-of-final-physical-notification-fpn" style="text-align:left">Establishment of Final <u class='defined-term'>Physical Notification</u> (FPN)</div>

<div data-id="establishment-of-bid-offer-volume" style="text-align:left">Establishment of <u class='defined-term'>Bid-Offer Volume</u></div>

<div data-id="establishment-of-acceptance-volume" style="text-align:left">Establishment of <u class='defined-term'>Acceptance Volume</u></div>

<div data-id="establishment-of-bid-offer-upper-range-and-bid-offer-lower-range-in-relation-to-fpn-and-submitted-bid-offer-pairs" style="text-align:left">Establishment of <u class='defined-term'>Bid-Offer Upper Range</u> and <u class='defined-term'>Bid-Offer Lower Range</u> in relation to FPN and <u class='defined-term'>Submitted Bid-Offer Pair</u>s</div>

<div data-id="determination-of-accepted-bid-offer-volume" style="text-align:left">Determination of <u class='defined-term'>Accepted Bid-Offer Volume</u></div>

<div data-id="accepted-offer-volumes-and-accepted-bid-volumes" style="text-align:left"><u class='defined-term'>Accepted Offer Volume</u>s and <u class='defined-term'>Accepted Bid Volume</u>s</div>

<div data-id="determination-of-period-accepted-offer-volume-and-period-accepted-bid-volume" style="text-align:left">Determination of <u class='defined-term'>Period Accepted Offer Volume</u> and <u class='defined-term'>Period Accepted Bid Volume</u></div>

<div data-id="determination-of-period-priced-accepted-offer-volume-and-period-priced-accepted-bid-volume" style="text-align:left">Determination of Period Priced <u class='defined-term'>Accepted Offer Volume</u> and Period Priced <u class='defined-term'>Accepted Bid Volume</u></div>

<html><head></head><body><div data-id="determination-of-period-bm-unit-total-accepted-offer-volume-and-period-bm-unit-total-accepted-bid-volume" style="text-align:left">Determination of <u class="defined-term">Period <u class="defined-term">BM Unit</u> Total Accepted Offer Volume</u> and <u class="defined-term">Period <u class="defined-term">BM Unit</u> Total Accepted Bid Volume</u></div></body></html>

<html><head></head><body><div data-id="determination-of-period-bm-unit-total-priced-accepted-offer-volume-and-period-bm-unit-total-priced-accepted-bid-volume" style="text-align:left">Determination of Period <u class="defined-term"><u class="defined-term">BM Unit</u></u> Total Priced <u class="defined-term">Accepted Offer Volume</u> and Period BM Unit Total Priced <u class="defined-term">Accepted Bid Volume</u></div></body></html>

<html><head></head><body><div data-id="determination-of-period-bm-unit-offer-cashflow-and-period-bm-unit-bid-cashflow" style="text-align:left">Determination of <u class="defined-term">Period <u class="defined-term">BM Unit</u> Offer Cashflow</u> and <u class="defined-term">Period <u class="defined-term">BM Unit</u> Bid Cashflow</u></div></body></html>

<html><head></head><body><div data-id="determination-of-period-bm-unit-cashflow" style="text-align:left">Determination of <u class="defined-term">Period <u class="defined-term">BM Unit</u> Cashflow</u></div></body></html>

<html><head></head><body><div data-id="determination-of-total-system-bm-cashflow-and-daily-party-bm-unit-cashflow" style="text-align:left">Determination of Total <u class="defined-term"><u class="defined-term">System</u></u> BM Cashflow and <u class="defined-term">Daily <u class="defined-term"><u class="defined-term">Party</u></u> <u class="defined-term">BM Unit</u> Cashflow</u></div></body></html>

<div data-id="determination-of-network-gas-supply-total-bid-payment" style="text-align:left">Determination of <u class='defined-term'>Network Gas Supply Total Bid Payment</u></div>

<div data-id="determination-of-reserve-scarcity-price" style="text-align:left">Determination of <u class='defined-term'>Reserve Scarcity Price</u></div>

<div data-id="determination-of-stor-action-price" style="text-align:left">Determination of <u class='defined-term'>STOR Action Price</u></div>

<html><head></head><body><div data-id="determination-of-system-and-balancing-demand-control-volumes" style="text-align:left">Determination of <u class="defined-term"><u class="defined-term">System</u></u> and <u class="defined-term">Balancing Demand Control Volume</u>s</div></body></html>

<div data-id="determination-of-supplemental-balancing-reserve-sbr-actions-and-the-sbr-action-price" style="text-align:left">Determination of Supplemental Balancing Reserve (SBR) Actions and the SBR Action Price</div>

<html><head></head><body><div data-id="settlement-calculations" style="text-align:left"><u class="defined-term">Settlement</u> Calculations</div></body></html>

<html><head></head><body><div data-id="treatment-of-interconnector-bm-units" style="text-align:left">Treatment of <u class="defined-term">Interconnector <u class="defined-term">BM Unit</u></u>s</div></body></html>

<html><head></head><body><div data-id="determination-of-bm-unit-metered-volume-for-supplier-bm-units" style="text-align:left">Determination of <u class="defined-term"><u class="defined-term">BM Unit</u> <u class="defined-term">Meter</u>ed Volume</u> for <u class="defined-term"><u class="defined-term">Supplier</u> <u class="defined-term">BM Unit</u></u>s</div></body></html>

<div data-id="determination-of-information-imbalance-volumes-and-charges" style="text-align:left">Determination of Information Imbalance Volumes and Charges</div>

<div data-id="determination-of-energy-imbalance-prices" style="text-align:left">Determination of Energy Imbalance Prices</div>

<div data-id="determination-of-credited-energy-volumes-for-each-energy-account" style="text-align:left">Determination of <u class='defined-term'>Credited Energy Volume</u>s for each <u class='defined-term'>Energy Account</u></div>

<div data-id="determination-of-energy-imbalance-for-each-energy-account" style="text-align:left">Determination of Energy Imbalance for each <u class='defined-term'>Energy Account</u></div>

<div data-id="determination-of-energy-imbalance-cashflows" style="text-align:left">Determination of Energy Imbalance Cashflows</div>

<div data-id="non-delivery-rule-and-calculations" style="text-align:left">Non-Delivery Rule and Calculations</div>

<html><head></head><body><div data-id="determination-of-system-operator-bm-cashflow" style="text-align:left">Determination of <u class="defined-term">System</u> Operator BM Cashflow</div></body></html>

<div data-id="determination-of-residual-cashflow-allocations" style="text-align:left">Determination of Residual Cashflow Allocations</div>

<html><head></head><body><div data-id="settlement" style="text-align:left"><u class="defined-term">Settlement</u></div></body></html>

<div data-id="responsibility-of-saa" style="text-align:left">Responsibility of SAA</div>

<html><head></head><body><div data-id="requirement-to-carry-out-settlement-runs" style="text-align:left">Requirement to carry out <u class="defined-term"><u class="defined-term">Settlement</u> Run</u>s</div></body></html>

<html><head></head><body><div data-id="submission-of-settlement-data" style="text-align:left">Submission of <u class="defined-term">Settlement</u> Data</div></body></html>

<div data-id="failure-of-saas-systems-etc" style="text-align:left">Failure of SAA's systems etc.</div>

<div data-id="additional-calculations" style="text-align:left">Additional Calculations</div>

<html><head></head><body><div data-id="calculation-of-bm-unit-chargeable-demand-of-the-emr-settlement-services-provider" style="text-align:left">Calculation of <u class="defined-term"><u class="defined-term">BM Unit</u> Chargeable Demand</u> of the <u class="defined-term">EMR <u class="defined-term">Settlement</u> Services Provider</u></div></body></html>

<div data-id="what-do-we-use-to-calculate-the-main-energy-imbalance-price" style="text-align:left">What do we use to calculate the main Energy Imbalance Price?</div>

<div data-id="which-balancing-actions-to-use" style="text-align:left">Which balancing actions to use?</div>

<div data-id="replacement-reserve-schedule-methodology-document" style="text-align:left"><u class='defined-term'>Replacement Reserve Schedule Methodology Document</u></div>

<div data-id="annex-t-1" style="text-align:left">Annex T-1: Calculations</div>

<div data-id="need-more-information" style="text-align:left">Need more information?</div>

CONTENTS

Section T: Settlement and Trading Charges V44.0

Defined Terms

Cross-references