Common use of Local Capacity Obligation and Local Reserve Obligation Clause in Contracts

Local Capacity Obligation and Local Reserve Obligation. (a) The Parties acknowledge that, prior to the Commitment Period, the Participant shall not have an obligation to be available to provide Local Capacity or Reserve or cause the Contracted DER to Reduce Energy (in the event the Contracted DER is a Demand Response Resource) or Deliver Energy (in the event the Contracted DER is a Thermal Resource or a Storage Resource). (b) As of the Commitment Period Start Time, the Contracted DER shall be available to meet its Local Capacity Obligation and if applicable, Local Reserve Obligation. (c) The Participant will, prior to the Commitment Period Start Time and for the remainder of the Commitment Period unless otherwise exempt pursuant to the terms of this Contract, have registered, for each hour of the Availability Window, (i) a Bid or Offer (Energy) for the Contracted DER in the Local Energy Auction, and (ii) if the Local Reserve Obligation is applicable, an Offer (Reserve) in the Local Reserve Auction. Such Bids/Offers shall remain applicable to each subsequent Availability Window as standing Bids/Offers until amended by the Participant in accordance with Section 6.6 (Bid/Offer Submission) of the Rules.

Local Capacity Obligation and Local Reserve Obligation. (a) The Parties acknowledge that, prior to the Commitment Period, the Participant shall not have an obligation to be available to provide Local capacityLocal Capacity or Reserve or cause the Contracted DER to Reduce Energy (in the event the Contracted DER is a Demand Response Resource) or Deliver Energy (in the event the Contracted DER is a Thermal Gas-firedThermal Resource or a Storage Resource). (b) As of the Commitment Period Start Time, the Contracted DER shall be available to meet its Local Capacity Obligation and if applicable, Local Reserve Obligation. (c) The Participant will, prior to the Commitment Period Start Time and for the remainder of the Commitment Period unless otherwise exempt pursuant to the terms of this Contract, have registered, for each hour of the Availability Window, (i) a Bid Bid/ or Offer (Energy) for the Contracted DER in the Local Energy AuctionAuction for each hour of the Availability Window, and (ii) if the Local Reserve Obligation is applicable, an Offer (Reserve) in the Local Reserve Auction. Such Bids/Offers shall remain applicable to each subsequent Availability Window as standing Bids/Offers until amended by the Participant in accordance with Section 6.6 4.26.6 (Bid/Offer Submission) of the Rules.

Local Capacity Obligation and Local Reserve Obligation. ‌ (a) The Parties acknowledge that, prior to the Commitment Period, the Participant shall not have an obligation to be available to provide Local Capacity or Reserve or cause the Contracted DER to Reduce Energy (in the event the Contracted DER is a Demand Response Resource) or Deliver Energy (in the event the Contracted DER is a Thermal Resource or a Storage Resource). (b) As of the Commitment Period Start Time, the Contracted DER shall be available to meet its Local Capacity Obligation and if applicable, Local Reserve Obligation. (c) The Participant will, prior to the Commitment Period Start Time and for the remainder of the Commitment Period unless otherwise exempt pursuant to the terms of this Contract, have registered, for each hour of the Availability Window, (i) a Bid or Offer (Energy) for the Contracted DER in the Local Energy Auction, and (ii) if the Local Reserve Obligation is applicable, an Offer (Reserve) in the Local Reserve Auction. Such Bids/Offers shall remain applicable to each subsequent Availability Window as standing Bids/Offers until amended by the Participant in accordance with Section 6.6 (Bid/Offer Submission) of the Rules.

Local Capacity Obligation and Local Reserve Obligation. ‌ (a) The Parties acknowledge that, prior to the Commitment Period, the Participant shall not have an obligation to be available to provide Local capacityLocal Capacity or Reserve or cause the Contracted DER to Reduce Energy (in the event the Contracted DER is a Demand Response Resource) or Deliver Energy (in the event the Contracted DER is a Thermal Gas-firedThermal Resource or a Storage Resource).Resource).‌‌‌‌‌ (b) As of the Commitment Period Start Time, the Contracted DER shall be available to meet its Local Capacity Obligation and if applicable, Local Reserve Obligation.Obligation.‌‌ (c) The Participant will, prior to the Commitment Period Start Time and for the remainder of the Commitment Period unless otherwise exempt pursuant to the terms of this Contract, have registered, for each hour of the Availability Window, (i) a Bid Bid/ or Offer (Energy) for the Contracted DER in the Local Energy AuctionAuction for each hour of the Availability Window, and (ii) if the Local Reserve Obligation is applicable, an Offer (Reserve) in the Local Reserve Auction. Such Bids/Offers shall remain applicable to each subsequent subsequent‌‌‌‌‌‌‌ Availability Window as standing Bids/Offers until amended by the Participant in accordance with Section 6.6 4.26.6 (Bid/Offer Submission) of the Rules.Rules.‌‌