Common use of Forecasting Penalties Clause in Contracts

Forecasting Penalties. 10.5.1. In the event that the electrical power generated by the Facility and metered by the CEB Meter at the Point of Delivery is not within the Forecast Tolerance of the Revised Forecast, Seller shall be liable for penalties calculated in accordance with Clause 10.5.3. 10.5.2. The following data shall be used for the assessment of forecasting penalties: (a) average power at 30 (thirty) minutes interval as recorded by the metering procedures set forth under Article 12; and (b) Revised Forecast submitted by Seller in accordance with Clause 10.4.3. 10.5.3. The penalty for forecasting error shall be determined as follows: PA = 0.15 x STt x FEH x PErr where: PA = applicable penalty for each event of forecasting error; STt = Standard Tariff as calculated according to Schedule I; FEH = duration of each event of Forecasting Error in Hours; and PErr = difference between the metered power output of the Facility in accordance with Article 12 and the Forecast Tolerance expressed in kW as a positive number. For the avoidance of doubt and by way of example only, Forecasting Penalties shall be calculated as per the examples set forth under Schedule L of this Agreement. The monthly applicable penalty for forecasting error, if any, shall be set off against monthly energy payments pursuant to Clause 13.3. 10.5.4. In the event that Seller does not submit the Revised Forecast, the One Day Ahead Production Forecast shall be used for the calculation of penalties in accordance with this Clause 10.5. 10.5.5. In the event that Seller does neither submit the Revised Forecast nor the One Day Ahead Production Forecast, the One Week Ahead Production Forecast shall be used for the calculation of penalties in accordance with this Clause 10.5. For avoidance of doubt, the Revised Forecast for the purpose of calculating the Forecasting Penalty shall be 0MW in the event no forecast is submitted by Seller.

Forecasting Penalties. 10.5.1. In the event that the electrical power generated by the Facility and metered by the CEB Meter at the Point of Delivery is not within the Forecast Tolerance of the Revised Forecast, Seller shall be liable for penalties calculated in accordance with Clause 10.5.3. 10.5.2. The following data shall be used for the assessment of forecasting penalties: (a) : average power at 30 (thirty) minutes interval as recorded by the metering procedures set forth under Article 12; and (b) and Revised Forecast submitted by Seller in accordance with Clause 10.4.3. 10.5.3. The penalty for forecasting error shall be determined as follows: PA = 0.15 x STt x FEH x PErr where: PA = applicable penalty for each event of forecasting error; STt = Standard Tariff as calculated according to Schedule I; FEH = duration of each event of Forecasting Error in Hours; and PErr = difference between the metered power output of the Facility in accordance with Article 12 and the Forecast Tolerance expressed in kW as a positive number. For the avoidance of doubt and by way of example only, Forecasting Penalties shall be calculated as per the examples set forth under Schedule L of this Agreement. The monthly applicable penalty for forecasting error, if any, shall be set off against monthly energy payments pursuant to Clause 13.3. 10.5.4. In the event that Seller does not submit the Revised Forecast, the One Day Ahead Production Forecast shall be used for the calculation of penalties in accordance with this Clause 10.5. 10.5.5. In the event that Seller does neither submit the Revised Forecast nor the One Day Ahead Production Forecast, the One Week Ahead Production Forecast shall be used for the calculation of penalties in accordance with this Clause 10.5. For avoidance of doubt, the Revised Forecast for the purpose of calculating the Forecasting Penalty shall be 0MW in the event no forecast is submitted by Seller.. Operating Procedures

Forecasting Penalties. 10.5.1. In the event that the electrical power generated by the Facility and metered by the CEB Meter at the Point of Delivery is not within the Forecast Tolerance of the Revised Forecast, Seller The Facility Owner shall be liable for penalties calculated in accordance with Clause 10.5.324.5. 10.5.224.5.1. The following data shall be used for the assessment of forecasting penalties: (a) average power at 30 (thirty) minutes interval as recorded by the metering procedures set forth under Article 12Section 7; and (b) Revised Forecast submitted by Seller The Facility Owner in accordance with Clause 10.4.324.3. 10.5.324.5.2. The penalty for forecasting error shall be determined as follows: PA = 0.15 x STt x FEH x PErr where: PA = applicable penalty for each event of forecasting error; STt = Standard Tariff as calculated according to Schedule I; FEH = duration of each event of Forecasting Error in Hours; and PErr = difference between the metered power output of the Facility in accordance with Article 12 Section 7 and the Forecast Tolerance expressed in kW as a positive number. For the avoidance of doubt and by way of example only, Forecasting Penalties shall be calculated as per the examples set forth under Schedule L the Technical Schedules of this Agreement. The monthly applicable penalty for forecasting error, if any, shall be set off against monthly energy payments pursuant to Clause 13.3produced. 10.5.424.5.3. In the event that Seller The Facility Owner does not submit the Revised Forecast, the One Day Ahead Production Forecast shall be used for the calculation of penalties in accordance with this Clause 10.5.Section Error! Reference source not found.. 10.5.524.5.4. In the event that Seller The Facility Owner does neither submit the Revised Forecast nor the One Day Ahead Production Forecast, the One Week Ahead Production Forecast shall be used for the calculation of penalties in accordance with this Clause 10.5. Section Error! Reference source not found.. For avoidance of doubt, the Revised Forecast for the purpose of calculating the Forecasting Penalty shall be 0MW in the event no forecast is submitted by SellerThe Facility Owner.