Forecasting of Net Delivered Energy Sample Clauses

Forecasting of Net Delivered Energy. (a) The Seller shall use its reasonable efforts to predict the availability of the wind at the Site using such equipment as is available within the Complex and on that basis: (i) not later than twenty four (24) hours prior to the beginning of each Day following the Commercial Operations Date, the Seller shall notify the Purchaser (or revise any such information previously given) of the estimated net output of the Complex in MW which the Complex is likely to generate for each hour of such Day; (ii) not later than one (1) Week before the beginning of each Month, the Seller shall notify the Purchaser (or revise any such information previously given) of the Month ahead forecast of estimated net output of the Complex in MW which the Complex is likely to generate for each Week of such Month; and (iii) not later than thirty (30) Days before the beginning of each Agreement Year, the Seller shall notify the Purchaser (or revise any such information previously given) of the year ahead forecast of estimated net output of the Complex in MW which the Complex is likely to generate for each Month of such Agreement Year. (b) The forecasts of Net Delivered Energy provided by the Seller to the Purchaser under Section 5.3(a) shall not: (i) be binding on the Seller or the Purchaser; (ii) result in the Seller incurring or accruing any liability of any nature towards the Purchaser in relation to any discrepancy or deviation between the non-binding estimates and the actual Net Delivered Energy; or (iii) prejudice the rights and obligations of the Parties under Section 3.1(a).
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Forecasting of Net Delivered Energy. The Seller shall use reasonable efforts to forecast the Net Delivered Energy based on available historical data of Ambient Site Conditions at Site and, on that basis, no later than noon prior to the beginning of each Day following the Commercial Operations Date the Seller shall notify the Purchaser (or revise any such information previously provided) of the estimated net energy of the Facility, in MWh, that the Facility is likely to generate in each hour of such Day; provided, that the forecast of Net Delivered Energy provided by the Seller to the Purchaser shall not result in the Seller incurring or accruing any liability of any nature towards the Purchaser in relation to any discrepancy or deviation between the non-binding estimates and the actual Net Delivered Energy.
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Forecasting of Net Delivered Energy. 9.2.1 In view of the intermittency inherent in resource and therefore the generating capability of the Complex, the Parties agree that meticulous adherence to the provisions of the Grid Code relating to the scheduling and dispatch of generation facilities connected to the Grid System, including solar and wind generation is not possible in the case of the Complex.
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Forecasting of Net Delivered Energy. (a) Without prejudice to the provisions of Section 2.5(b) relating to the Grid Code Release Report, the Parties agree that in view of the intermittency inherent in wind resource and therefore the generating capability of the Complex, meticulous adherence to the provisions of the Grid Code relating to the scheduling and dispatch of generation facilities (specifically, the "Scheduling and Despatch Sub-Code" of the Grid Code) connected to the Grid System is not possible in the case of the Complex. (b) Notwithstanding Section 5.3(a), the Seller acknowledges that accuracy in forecasting the Net Delivered Energy the Complex is able to deliver is material for the quality and reliability of electricity supplies across the Grid System. The Seller accordingly agrees that it shall use state-of-the-art best possible means available to predict the long-term and short-term availability of the wind at the Site and on that basis shall provide to the Purchaser: (i) not later than thirty (30) Days before the beginning of each Agreement Year, a year ahead forecast of Net Delivered Energy on a Monthly basis for the succeeding Agreement Year; and (ii) not later than one (1) Week before the beginning of each Month, a Month ahead forecast of Net Delivered Energy on a Weekly basis for the succeeding Month. (c) The forecasts of Net Delivered Energy provided by the Seller to the Purchaser under Section 5.3 (b) shall not be binding on the Seller or the Purchaser.
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Forecasting of Net Delivered Energy. (a) No later than one hundred and fifty (150) Days prior to the Scheduled Commercial Operations Date the Seller shall appoint, at its own cost, the Forecasting Consultant, with the consent of the Purchaser pursuant to Schedule 13, to establish, the Hybrid Forecast Model. The Forecasting Consultant (i) shall be an expert in forecasting solar and wind power generation with at least ten (10) current facilities of both solar and wind technologies, in its forecasting portfolio with aggregate generation capacity of one thousand (1,000) MW or more, as demonstrated to the Purchaser, and (ii) shall use sophisticated and reliable forecasting tools and software. The Hybrid Forecast Model shall forecast the Net Delivered Energy for the available Arrays and WTGs, pursuant to Sections 5.3(b)(iii) and 5.3(b)(iv) below based on the minimum following criteria: (b) Global Horizontal Irradiation Data; (c) Wind Speed and Direction; (d) Ambient Temperature; (e) Cloud Motion Data; (f) Numerical Weather Predictive Data Analysis; (g) Root Mean Square Error Correction. (h) Subject to Section 5.3(a) above and following the Commercial Operations Date, the Seller shall: (i) no later than thirty (30) Days before the beginning of each Agreement Year, notify the Purchaser (or revise any such information previously given) of the year ahead forecast of estimated net energy of the Complex in MWh which the Complex is likely to generate for each Month of such Agreement Year (the “Year Ahead Notification”); (ii) No later than seven (7) Days prior to the beginning of each Month, notify the Purchaser (or revise any such information previously given) of the month ahead forecast of estimated net energy of the Complex in MWh which the Complex is likely to generate for each Day of the Month; (iii) No later than sixteen (16) hours prior to the beginning of each Day, notify the Purchaser of the Day Ahead Forecast for each hour of the relevant Day; (iv) Not later than six (6) hours before the start of each hour, a forecast of Net Delivered Energy for the said hour, provided, the Seller may revise once, and only once, the forecast for the said hour no later than four (4) hours prior to the commencement of the hour for which the forecast is revised; and (i) No later than five (5) Days after the end of each Month, the Seller shall notify the Purchaser of the Forecast Error based on Adjusted Forecast Energy in accordance with Schedule 13 (j) The forecasts of Net Delivered Energy provided by the Seller to ...
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Related to Forecasting of Net Delivered Energy

  • Detailed Description of Services / Statement of Work Describe fully the services that Contractor will provide, or add and attach Exhibit B to this Agreement.

  • Reporting of Sales to TIPS by Vendor The Participation Fee that was published as part of the Solicitation and the fee published is the legally effective fee, along with any fee conditions stated in the Solicitation. Collection of the fees by TIPS is required under Texas Government Code §791.011 Et seq. Fees are due on all TIPS purchases reported by either Vendor or Member. Fees are due to TIPS upon payment by the Member to the Vendor, Reseller or Vendor Assigned Dealer. Vendor, Reseller or Vendor Assigned Dealer agrees that the participation fee is due to TIPS for all Agreement sales immediately upon receipt of payment including partial payment, from the Member Entity and must be paid to TIPS at least on a monthly basis, specifically within 31 calendar days of receipt of payment, if not more frequently, or as otherwise agreed by TIPS in writing and signed by an authorized signatory of TIPS. Thus, when an awarded Vendor, Reseller or Vendor Assigned Dealer receives any amount of payment, even partial payment, for a TIPS sale, the legally effective fee for that amount is immediately due to TIPS from the Vendor and fees due to TIPS should be paid at least on a monthly basis, specifically within 31 calendar days of receipt of payment, if not more frequently. Vendor is required to report all sales under the TIPS contract to TIPS. When a public entity initiates a purchase with a TIPS Awarded Vendor, if the Member inquires verbally or in writing whether the Vendor holds a TIPS Contract, it is the duty of the Vendor to verify whether or not the Member is seeking a TIPS purchase. Once verified, the Vendor must include the TIPS Contract number on any communications and related sales documents exchanged with the TIPS Member entity. To report sales, the Vendor must login to the TIPS Vendor Portal online at xxxxx://xxx.xxxx-xxx.xxx/vendors_form.cfm and click on the PO’s and Payments tab. Pages 3-7 of the Vendor Portal User Guide will walk you through the process of reporting sales to TIPS. Please refer to the TIPS Accounting FAQ’s for more information about reporting sales and if you have further questions, contact the Accounting Team at xxxxxxxxxx@xxxx-xxx.xxx. The Vendor or vendor assigned dealers are responsible for keeping record of all sales that go through the TIPS Agreement and submitting same to TIPS. Failure to render the participation fee to TIPS shall constitute a breach of this agreement with our parent governmental entity, Texas Education Service Center Region 8, as established by the Texas legislature and shall be grounds for termination of this agreement and any other agreement held with TIPS and possible legal action. Any overpayment of participation fees to TIPS by a Vendor will be refunded to the Vendor within ninety (90) days of receipt of notification if TIPS receives written notification of the overpayment not later than the expiration of six (6) months from the date of overpayment and TIPS determines that the amount was not legally due to TIPS pursuant to this agreement and applicable law. It is the Vendor’s responsibility to identify which sales are TIPS Agreement sales and pay the correct participation fee due for TIPS Agreement sales. Any notification of overpayment received by TIPS after the expiration of six (6) months from the date of overpayment will be non-refundable. Region 8 ESC and TIPS reserve the right to extend the six (6) month deadline to notify if approved by the Region 8 ESC Board of Directors. TIPS reserves all rights under the law to collect the fees due. Please contact TIPS at xxxx@xxxx-xxx.xxx or call (000) 000-0000 if you have questions about paying fees.

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  • Money Market Fund Compliance Testing and Reporting Services Subject to the authorization and direction of the Trust and, in each case where appropriate, the review and comment by the Trust’s independent accountants and legal counsel, and in accordance with procedures that may be established from time to time between the Trust and the Administrator, the Administrator will:

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