Round Trip Efficiency. (i) Guaranteed RTE. Owner guarantees the Project will maintain Round-Trip Efficiency not less than [xx.x]% (“Guaranteed Round-Trip Efficiency”) for the Contract Term, as measured in the Storage Rating Tests described in Exhibit C. (ii) RTE Liquidated Damages. If the Round-Trip Efficiency is less than the Guaranteed Round-Trip Efficiency, then Owner shall owe NYSEG liquidated damages equal to, for each hour: (Guaranteed Round-Trip Efficiency – Round-Trip Efficiency) x LBMP at time of charging x Charging Energy Where:
Appears in 1 contract
Samples: Energy Storage Services Agreement
Round Trip Efficiency.
(i) Guaranteed RTE. Owner guarantees the Project will maintain Round-Trip Efficiency not less than [xx.x]% (“Guaranteed Round-Trip Efficiency”) for the Contract Term, as measured in the Storage Rating Tests described in Exhibit C.
(ii) RTE Liquidated Damages. If the Round-Trip Efficiency is less than the Guaranteed Round-Trip Efficiency, then Owner shall owe NYSEG CECONY liquidated damages equal to, for each hour: (Guaranteed Round-Trip Efficiency – Round-Trip Efficiency) x LBMP at time of charging x Charging Energy Where:
Appears in 1 contract
Samples: Energy Storage Services Agreement
Round Trip Efficiency.
(i) Guaranteed RTE. Owner guarantees the Project will maintain Round-Trip Efficiency not less than [xx.x]% (“Guaranteed Round-Trip Efficiency”) for the Contract Term, as measured in the Storage Rating Tests described in Exhibit C.
(ii) RTE Liquidated Damages. If the Round-Trip Efficiency is less than the Guaranteed Round-Trip Efficiency, then Owner shall owe NYSEG O&R liquidated damages equal to, for each hour: (Guaranteed Round-Trip Efficiency – Round-Trip Efficiency) x LBMP at time of charging x Charging Energy Where:
Appears in 1 contract
Samples: Energy Storage Services Agreement
Round Trip Efficiency. (i) Guaranteed RTE. Owner guarantees the Project will maintain Round-Trip Efficiency not less than [xx.x]% (“Guaranteed Round-Trip Efficiency”) for the Contract Term, as measured in the Storage Rating Tests described in Exhibit C.
(ii) RTE Liquidated Damages. If the Round-Trip Efficiency is less than the Guaranteed Round-Trip Efficiency, then Owner shall owe NYSEG RG&E liquidated damages equal to, for each hour: (Guaranteed Round-Trip Efficiency – Round-Trip Efficiency) x LBMP at time of charging x Charging Energy Where:
Appears in 1 contract
Samples: Energy Storage Services Agreement