The CfD payments which are expected to be paid to the generators based on the generation volume as forecast during the quarterly determination
Payment Day
The date by which the amount invoiced is due to be paid
Quarterly Obligation Period
A period of 3 months commencing after 31st March 2015 on 1st April, 1st July, 1st October or 1st January in any period of 12 months
Settlement Day
The date on which energy is deemed to be used and must be later settled through BSC initial settlement/reconciliation or Scottish Settlements. Also known as the Trading Day