Common use of LOSSES AND LOSS FACTORS Clause in Contracts

LOSSES AND LOSS FACTORS. 7.1 Retailer to provide information to enable calculation of Loss Factors by Distributor: The Distributor will obtain information from the reconciliation manager for the purpose of calculating Loss Factors. The Retailer will provide the Distributor with any additional information that the Distributor may reasonably require to enable the Distributor to calculate Loss Factors within 15 Working Days of the request from the Distributor. Deleted: Retailer to make controllable load available to the Distributor for management of system security: If the Retailer has obtained the right to control part of any Consumer's load in accordance with clause 6.2, the Retailer will:¶ <#>within 5 Working Days of having first obtained such a right, notify the Distributor that the Retailer has obtained the right; ¶ <#>unless the Distributor agrees otherwise, and within 60 Working Days of providing the notice in paragraph (a), develop and agree jointly with the Distributor (such agreement not to be unreasonably withheld by either party), a protocol to be used by the parties to this agreement that: ¶ <#>is consistent with the Distributor’s emergency load management policy established in accordance with clause 5.3;¶ <#>is for the purpose of coordinating the Retailer's controllable load with other emergency response activities undertaken by the Distributor during a System Emergency Event, such purpose having priority during a System Emergency Event over other purposes for which the load might be controlled; ¶ <#>assists the Distributor to comply with requests and instructions issued by the System Operator when managing System Security in accordance with the Code during a System Emergency Event; and ¶ <#>assists the Distributor to manage Network system security during a System Emergency Event; ¶ <#>during a System Emergency Event, operate its controllable load in accordance with the protocol developed in accordance with paragraph (b); and¶ at all times, operate its controllable load as a reasonable and prudent operator in accordance with Good Electricity Industry Practice.