Operational Performance Regime [OPR]

Smart Meter Licence Schedule 4

In accordance with Part C of Condition 38 (Determination of the BMP Adjustment),
this Schedule 4 establishes the Operational Performance Regime under which the
operational performance of the Licensee will be monitored against the four headings
outlined below as SUM, SDM, DIM, and VMM.
4.2 The performance monitoring to which paragraph 4.1 refers is for the purposes of
calculating the amount of each of the algebraic terms within the formula set out at
paragraph 9 of Condition 38 that determines the value of the BMOPA term in
Regulatory Year t.

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