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Consultation on the principles of and changes to the contractual wording for the cost reconciliation (or ‘cost wash-up’) for electric current for traction (EC4T) charges. The aim of the proposed changes is to better reflect tariff structure, in particular to allow EC4T delivery charges to be reconciled by electricity supply tariff area.
We endorsed Network Rail’s proposed contractual wording for the cost reconciliation and proposed amendments to the volume reconciliation drafting.