Availability Incentive Payments definition
Examples of Availability Incentive Payments in a sentence
If the Facility is subject to the terms of the Availability Standards, Non-Availability Charges, and Availability Incentive Payments as contemplated under Section 40.9 of the CAISO Tariff, any Availability Incentive Payments will be for the benefit of Seller and for Seller’s account and any Non-Availability Charges will be the responsibility of Seller and for Seller’s account.
During an advisory period of April 1, 2018 through May 31, 2018, the CAISO will show the Non-Availability Charges and Availability Incentive Payments on Settlement Statements but will not include those Non-Availability Charges and Availability Incentive Payments on Invoices for financial settlement.
Availability Incentive Payments for Resource Adequacy Resources providing Flexible RA Capacity will be funded exclusively by Non-Availability Charges assessed against Resource Adequacy Resources providing Flexible RA Capacity.
The CAISO will calculate separate Non-Availability Charges and Availability Incentive Payments for Resource Adequacy Resources providing Flexible RA Capacity.
By July 1 of each year, the CAISO will provide an informational report that will be posted on the CAISO Website and include information on the average actual availability each month of Resource Adequacy Resources, the total amount of Non-Availability Charges assessed and the total amount of Availability Incentive Payments made.