Deemed Generation Scheduling and Dispatch Sample Clauses

The 'Deemed Generation, Scheduling and Dispatch' clause defines how electricity generation is accounted for and managed when actual generation or dispatch does not occur as planned, often due to external constraints or grid operator instructions. In practice, this clause outlines the circumstances under which a generator is credited for electricity that could have been produced but was not dispatched, such as during grid curtailments or transmission outages, and specifies how such deemed quantities are scheduled and settled financially. Its core function is to ensure that generators are fairly compensated for lost opportunities to generate power, thereby allocating risk and providing financial certainty in situations beyond their control.