SOR Available Volume Sample Clauses
The SOR Available Volume clause defines the specific quantity of product or capacity that is available for use, delivery, or allocation under a contract. In practice, this clause typically outlines how the available volume is determined, such as referencing operational data, inventory levels, or third-party confirmations, and may set limits or conditions for access to the stated volume. Its core function is to provide clarity and certainty to both parties regarding the amount of product or service that can be relied upon, thereby reducing the risk of disputes over availability and ensuring smooth operational planning.
SOR Available Volume. The Available Volume of the Providing Unit to provide SOR in a Trading Period will be determined from the lesser of:
(a) the value of the reserve obtained from the SOR Reserve Characteristic for the Time Weighted Average MW Output or MW Reduction, where the SOR Reserve Characteristic has been adjusted to reflect the Time Weighted Average Availability of the Providing Unit (expressed in MW) in the manner described in the example set out in Schedule 9 Part 2. The relevant value on the SOR Reserve Characteristic will be determined from the average MW Output or the average MW Reduction (expressed in MW) over the Trading Period; and
(b) the Declared SOR of the Providing Unit.