Hasn't really changed since the spread sheet I added to the LPE Chart thread on 24th March.
It takes the GWh that we commenced billing in the month, and assumes there is a gradual progression towards receiving monies from those conversions as follows:
2 months - 30%; 3 months - 50%; 4 months - 70%; 5 months onwards - 100%.
It doesn't make sense to me that it should take that long to ramp things up, but the formulas quarter on quarter have been pretty close. I can't remember the $ per GWh that I used, and this has not been adjusted for any recent price increases.
Ann: Appendix 4C - quarterly, page-16
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