Examples of Contracted Capacity in a sentence
Performance Event If an Actual LOR3 Event occurs during the Support Period (a Performance Event), the Operator must Bid at least 50% of the Contracted Capacity for each Trading Interval during the LOR Period for that Actual LOR3 Event.
The Performance Coverage Capacity Ratio (PCCR) for each Performance Event during the Support Period is calculated as follows: PCCREvent = ACB / (50% x Contracted Capacity) Where: ACB = the average capacity (MW) Bid (or if section 6.3(b) applies, deemed to be Bid) by the Operator during the LOR Period.
If AEMO declares an Actual LOR3 Event, which occurs during the Operations Period (but outside of the Support Period), the Operator must use reasonable endeavours to Bid the Contracted Capacity for each Trading Interval during that Actual LOR3 Event.
Contracted Percentage [Drafting note: for each Support Year, this will be calculated as the Contracted Capacity divided by the Maximum Capacity (expressed as a percentage).
NCBTI = the non-conforming bid Trading Intervals, being the number of Trading Intervals Bid by the Operator during the LOR Period in which the Operator bid less than 50% of the Contracted Capacity.