Contract Facility definition
Examples of Contract Facility in a sentence
The System Operator shall place the Contract Facility in Test mode and wait for the Contract Facility to be stable before sending any Regulation signal to the Contract Facility.
The System Operator shall record a graph of the output of the Contract Facility against time.
The Contract Facility will not be required to remain at its full charge set-point longer than its state of charge allows.
The ASP shall not be penalized for this limitation, subject to the Contract Facility being capable of providing, at a minimum, Regulation Service for the Duration of Service in all instances.
In addition, notwithstanding the foregoing, the ASP consents to the disclosure, whether orally or in writing (including in a press release or associated briefing documents or on the IESO’s website), of (i) its name and the ASP’s selection as a Selected Proponent (as such term is defined in the Request for Proposals); and (ii) the Regulation Capacity and the name, location, fuel type and technology of the Contract Facility.
The Regulation signal shall direct the Contract Facility to increase its output as fast as it can, by the amount of the Regulation Capacity, up close to its maximum output while on Regulation control.
Any person identifying himself or herself as an Authorized Representative of a Customer and who is identified on such current list of the Customer shall have the right to effect transactions under the Consignment Facility, the Gold Loan Facility, the Forward Contract Facility, the Segregated Storage Facility and this Agreement.
Both Parties agree to meet no less than once a year to review the operation of the Contract Facility, and to identify opportunities to enhance the Contract Facility’s contribution to the reliable operation of the IESO-Controlled Grid during the Term of this Agreement.
The Regulation signal shall direct the Contract Facility to decrease its output as fast as it can, by the amount of its Regulation Capacity, down close to its minimum output while under Regulation control.
For all other Facilities, insert “N/A”] Location of the Contract Facility, including Connection Point, in respect of an Existing Facility [Note to Finalization – To be inserted for Existing Facilities only (based on Facility ID No.).