Availability Factor definition

Availability Factor means, for any Settlement Interval, the ratio, equal to (i) the lowest capacity in MW provided by the Storage Facility during such Settlement Interval (not to exceed the Storage Contract Capacity) divided by (ii) the Storage Contract Capacity; provided that, if the Availability Factor for any Settlement Interval is less than 70%, then the Availability Factor for such Settlement Interval shall be deemed to be 0; and provided further that, if the Storage Facility is incapable of providing the Storage Contract Capacity during such Settlement Interval due to Force Majeure or a Planned Outage, then the Availability Factor for such Settlement Interval shall be deemed to be 1.00.

Availability Factor or “AFm” has the meaning set forth in Section 6.2(c).

Availability Factor for any applicable Service shall have the meaning set forth in the Product Supplement for such Service.

Examples of Availability Factor in a sentence

• For each XXXX Measurement Period following the Commercial Operations Date, a XXXX Annual Equivalent Availability Factor shall be calculated as set forth in Attachment X (XXXX Annual Equivalent Availability Factor).

• For the purposes of calculating the XXXX Annual Equivalent Availability Factor for the first three (3) full XXXX Measurement Periods in the first Contract Year, the calculation will assume that the XXXX is one hundred percent (100%) available for the remaining hours of the Contract Year.

• If the XXXX Annual Equivalent Availability Factor for such XXXX Measurement Period is less than 97% (the "XXXX EAF Performance Metric"), Seller shall pay, and Company shall accept, as liquidated damages for such shortfall, the amount set forth in the following table (on a progressive basis) upon proper demand at the end the current XXXX Measurement Period: Such liquidated damages shall be due within thirty (30) Days after the first to occur of the end of such XXXX Measurement Period or the end of Term.

• Assume the monthly Lump Sum Payment is $1,000,000 and the PV System Equivalent Availability Factor is 96.9% as calculated in the example in Section 2.5(a) (Calculation of the PV System Equivalent Availability Factor) above.

• The following is an example calculation of liquidated damages for the PV System Equivalent Availability Factor Performance Metric and is included for illustrative purposes only.

More Definitions of Availability Factor

Availability Factor means the ratio of the Cumulative Average Availability and the Normative Plant Load Factor

Availability Factor has the meaning set forth in Appendix XIV. [For Dispatchable Product only]

Availability Factor. For each LD Period, the availability factor for the Facility calculated as provided in Section 2.5(a) (Calculation of Availability Factor) of this Agreement.

Availability Factor means the ratio of the time a generating facility is available to produce energy at its rated capacity, to the total amount of time in the period being measured.

Availability Factor means, for any Settlement Interval, the ratio, equal to (i) the average available capacity during such Settlement Interval (not to exceed the Contract Storage Capacity) divided by (ii) the Contract Storage Capacity; provided that, if the Storage Facility is incapable of providing the Contract Storage Capacity during such Settlement Interval due to Seller Excused Hour, then the Availability Factor for such Settlement Interval shall be deemed to be 1.00.

Availability Factor means the percentage of hours a power generation unit is available for generation of electricity in the relevant period, whether or not the unit is actually dispatched or used for generating power;

Availability Factor or “AF” means, for a given Billing Period, the hours during which the Facility was available for operation divided by the total hours during such given Billing Period, expressed as a three-place decimal, as computed in accordance with the following equation: n PH − ∑ EDHi AF = i=1