Capacity Reduction Factor definition
Examples of Capacity Reduction Factor in a sentence
FMCRFm is the Force Majeure Capacity Reduction Factor for Settlement Month “m” calculated in accordance with Exhibit J.
POCRFm is the Planned Outage Capacity Reduction Factor for Settlement Month “m”, which shall be equal to 1.0 if there are no Planned Outages affecting any Qualifying Hours in the Settlement Month, otherwise it shall be the greater of: (i) the value calculated as follows: 1 − 𝑃𝑃𝑃𝐻𝑚; and 𝑁𝑁𝑁𝐻𝑚 (ii) 0.95 in all months other than the Supplier’s Annual Planned Maintenance Month and 0.50 during the Supplier’s Annual Planned Maintenance Month.
In case a Capacity Reduction Factor is applicable, GSB will inform the Bank of the new REQRES value via a REQRES.
Following any such amendment, the Unit Capacity Reduction Factor for the applicable Fuel for the Unit for which the Unit Contract Capacity was reduced shall be recalculated based on the results of the preceding Final Unit Check Test for such Unit, along with the new Unit Contract Capacity.
To pass the Capacity Check Test, the Electricity output (in MWh) for each hour of the Capacity Check Test, divided by one hour, must be equal to or greater than the Contract Capacity, in which case the Capacity Reduction Factor shall, for the purposes of Exhibit J, be an amount equal to 1.0, effective from the date of the Capacity Confirmation in relation to the Capacity Check Test.
If the Further Capacity Check Test shows that the Average Test Capacity was less than 100% of the Contract Capacity, then the Capacity Reduction Factor for purposes of Exhibit J shall be reduced as set out below, effective on the date of the Capacity Confirmation in relation to the Further Capacity Check Test.
To pass the Capacity Check Test, the Electricity output (in MWh) for the one (1) hour or four (4) hour period, as applicable, of the Capacity Check Test, divided by one (1) hour or four (4) hours, as applicable, must be equal to or greater than one hundred percent (100%) of the Reference Seasonal ICAP, in which case the Capacity Reduction Factor shall, for the purposes of Exhibit J, be an amount equal to 1.0, effective from the date of the Capacity Confirmation in relation to the Capacity Check Test.
If the Further Capacity Check Test shows that the Average Test Capacity was less than one hundred percent (100%) of the Reference Seasonal ICAP, then the Capacity Reduction Factor for purposes of Exhibit J shall be reduced as set out below, effective on the date of the Capacity Confirmation in relation to the Further Capacity Check Test.
If the Further Capacity Check Test shows that the Average Test Capacity was less than 100% of the Contract Capacity, then the Capacity Reduction Factor for the Fuel used during the test for purposes of Exhibit J shall be reduced as set out below, effective on the date of the Capacity Confirmation in relation to the Further Capacity Check Test.
To pass the Capacity Check Test, the Electricity output (in MWh) for each hour of the Capacity Check Test, divided by one hour, must be equal to or greater than the Contract Capacity, in which case the Capacity Reduction Factor for the Fuel used for the test shall, for the purposes of Exhibit J, be an amount equal to 1.0, effective from the date of the Capacity Confirmation in relation to the Capacity Check Test.