Electricity Quantity Clause Samples
The Electricity Quantity clause defines the specific amount of electricity to be supplied or purchased under an agreement. It typically outlines the measurement units, delivery periods, and any flexibility or adjustment mechanisms for the agreed quantity, such as minimum and maximum thresholds or procedures for handling over- or under-delivery. This clause ensures both parties have a clear understanding of their obligations regarding the volume of electricity, thereby reducing the risk of disputes and facilitating reliable planning and operations.
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Electricity Quantity. From and after the Commercial Operations Date (i) Seller shall provide all of Buyer's Requirements for Electricity for Buyer's Complex up to but not exceeding a maximum coincident demand of ten (10) MW and (ii) Buyer shall take all of Buyer's Requirements for Electricity, which are presently estimated, but not guaranteed, to be approximately five and one-half (5.5)
Electricity Quantity. A. Except as provided in Sections 5.4B, 6.4, 6.5 or 15.7A, Seller shall provide Electricity up to the Maximum Electricity Quantity but in no event less than the Minimum Electricity Quantity. Buyer shall nominate pursuant to Section 5.3 (and may make changes to such nomination pursuant to Section 5.4) and take all of Buyer's Requirements for Electricity up to the Maximum Electricity Quantity as set forth in this Agreement. After the Commercial Operations Date, and upon the request of Buyer and at Buyer's sole expense, Seller shall use reasonable efforts to amend its permits from Governmental Authorities to allow Seller to operate the Facility at an electrical load below ninety (90) MW in accord with Prudent Electric Industry Practice.
B. If Buyer's Electricity load at the Bayway Refinery falls below the Minimum Electricity Quantity at any time then:
(i) Seller shall use commercially reasonable efforts to make sales of Electricity to Third Parties such that the Facility can continue to operate at a combined load above the Minimum Electricity Quantity in order to minimize the cost of Electricity to Buyer, provided that, notwithstanding Section 7.2, Buyer shall 64 70 reimburse Seller for any and all losses incurred in making such sales of Electricity to Third Parties, or
(ii) if Seller does not operate the Facility pursuant to (i) above, (a) the Facility shall be deemed available during such period for purposes of this Agreement and (b) Buyer shall be responsible for all costs associated with the purchase and delivery of back-up energy to Buyer during such period of time.