Balancing energy price definition

Balancing energy price means the unit price of balancing energy.
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Balancing energy price means the spot price published by ERCOT for each Settlement Interval for the purchase of Balancing Energy.
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Examples of Balancing energy price in a sentence

  • If DOTD disagrees that additional compensation is due for the required work, it shall be Consultant’s responsibility to perform the work and adhere to the procedures as set forth in the Claims and Disputes provisions of this contract.

  • The energy to cover the energy surplus in 2017 was 1 171 181 MWh, which is almost 2% more than the previous year, when it was 1 144 163 MWh. Balancing energy price is set for each settlement period as two balancing energy prices.

  • The price, be it positive, zero or negative, of the activated volume of balancing energy for the frequency containment process shall be defined for each direction as defined in Table 1:Table 1‌‌Payment for balancing energy Balancing energy price positiveBalancing energy price negativePositive balancing energyPayment from TSO to BSPPayment from BSP to TSONegative balancing energyPayment from BSP to TSOPayment from TSO to BSP Article 47Balancing energy for frequency restoration process 1.

  • Reinsurance can reduce the required minimum solvency capital up to certain limits.

  • The price, be it positive, zero or negative, of the activated volume of balancing energy for the frequency containment process shall be defined for each direction as defined in Table 1: TABLE 1 Payment for balancing energy Balancing energy price positiveBalancing energy price negativePositive balancing energyTITLE V CHAPTER 3Document Generated: 2020-12-17Changes to legislation: Commission Regulation (EU) 2017/2195 is up to date with all changes known to be in force on or before 17 December 2020.

Related to Balancing energy price

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Net energy metering means the difference between the kilowatt-hours consumed by a customer-generator and the kilowatt-hours generated by the customer- generator's facility over any time period determined as if measured by a single meter capable of registering the flow of electricity in two directions.

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Renewable energy project means (A) a project

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Imbalance Energy has the meaning set forth in the CAISO Tariff.

  • Net Energy The total quantity of electric energy (measured in kilowatt hours) produced by the Facility over a given time period and delivered to the Point of Interconnection, as measured by the revenue meter. "Net Energy" the equivalent of "Actual Output."

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Class I renewable energy means electric energy produced from

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Renewable Energy Certificates or “RECs” shall mean all of the Certificates and any and all other Environmental Attributes associated with the Products or otherwise produced by the Facility which satisfy the RPS for a RPS Class I Renewable Generation Unit, and shall represent title to and claim over all Environmental Attributes associated with the specified MWh of generation from such RPS Class I Renewable Generation Unit.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Fossil fuel-fired means, with regard to a unit:

  • Annual Energy Use means, (i) with respect to the first 5 years following the Effective Date, the annual electricity usage, expressed in kilowatt hours (“kWhs”), within the Party’s respective jurisdiction and (ii) with respect to the period after the fifth anniversary of the Effective Date, the annual electricity usage, expressed in kWhs, of accounts within a Party’s respective jurisdiction that are served by the Authority and (b) “Total Annual Energy” means the sum of all Parties’ Annual Energy Use. The initial values for Annual Energy use are designated in Exhibit C, and shall be adjusted annually as soon as reasonably practicable after January 1, but no later than March 1 of each year

  • Class II renewable energy means electric energy produced at a

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.