Performance Payment. Refers to payments made to Applicant based on the kWh of Load Relief provided by an Aggregation during a Term-DLM or Auto-DLM Event, which will be calculated at a dollar amount equal to $1/kWh multiplied by the average hourly kWh of Load Relief provided by an Aggregation during an Event multiplied by the number of Event hours. For Test Events, the kWh of Load Relief used to calculate Performance Payments will not exceed the product of the Aggregation’s Portfolio Quantity and the length of the Test Event.
Appears in 5 contracts
Samples: Dynamic Load Management Program Agreement, Dynamic Load Management Program Agreement, Dynamic Load Management Program Agreement
