Common use of Round Trip Efficiency Clause in Contracts

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

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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

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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

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