Comparison of Key Features Sample Clauses

Comparison of Key Features. Table 8 below provides a comparison of the key features between the 2003 TPA and the 2020 TPA. Table 8 Comparison of Key Features (2003 TPA vs. 2020 TPA)‌ 2003 TPA 2020 TPA Exclusive relationship between BC Hydro and Powerex with regard to the purchase and sale of electricity and the utilization of any Residual System Capability. No change Allows for the recording of the price of energy transfers associated with BC Hydro’s energy surplus or deficit as well as Residual System Capability. No change Ensures that Powerex’s net income represents value added from Powerex’s trading activities (i.e., transactions utilizing the Residual System Capability and transactions separate from the BC Hydro system) and is not conflated with the market value of surplus or deficit energy in the BC Hydro system. No change All of the value created from the above activities accrues to BC Hydro's ratepayers. No change BC Hydro is solely responsible for the planning and operation of the BC Hydro system. No change Powerex decides the timing and volume of imports and exports subject to BC Hydro’s constraints and requirements. No change69 BC Hydro has authority to constrain imports and exports in any time period. No change69 BC Hydro has authority to require imports or exports in any time period. Improved BC Hydro can submit a Specified Quantity Request (of Flexible Import or Flexible Export Schedules) for a specified aggregate quantity of electricity to/from the BC Hydro system over a specified period of time for the purposes of serving Domestic Requirements. BC Hydro can also request Non-Flexible Import and Non-Flexible Export Schedules. 69 The timing and volume of imports and exports may be determined by BC Hydro-requested Non-Flexible Import and Non-Flexible Export Schedules, or alternatively Flexible Import and Flexible Export Schedules may be limited by BC Hydro issuing requirements and/or constraints. 2003 TPA 2020 TPA BC Hydro receives market price for surplus electricity sold to Powerex. No change to concept. BC Hydro is no longer exposed to the one-day-at-a-time market prices associated with the specific timing of sales related to its actual Annual Flexible Surplus/Deficit because it is added to, or subtracted from, the balance in the Transfer Volume Account, at the Annual Price. For Non-Flexible Exports, BC Hydro remains exposed to one-day-at-a-time market prices as it receives the applicable Hourly Index Price. BC Hydro is better able to manage market demand and surplus ...
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