Contracted Energy definition
Examples of Contracted Energy in a sentence
If data from the Meter Registration System Operator is either unavailable or unresolvable then ESB will calculate the Energy Charges as if the VIPP Bilateral Contract Report showed an aggregate Eligible Customer demand in each Trading Period equal to 80% of the VIPP Suppliers Maximum Contracted Energy.
Such Bilateral Contract Nomination shall not exceed the Maximum Contracted Energy, be made in accordance with the Trading and Settlement Code and identify the seller with the SSA assigned market participant ID for ESB as the Generator.
If a complete Bilateral Contract Report for each Settlement Day in a Payment Period has not been received by ESB within twenty one (21) Business Days of the end of the Payment Period then ESB will calculate the Energy Charges as if the Bilateral Contract Report showed a demand in each Trading Period equal to 80% of the VIPP Suppliers Maximum Contracted Energy.
During 5 - 10 years from Commencement Date, JIL shall be allowed to voluntarily exit the contract by paying termination penalty equivalent to product of one year (1) year’ worth of Contracted Energy and PPA Tariff by giving a notice period for respective year of exit of at least six (6) months, except in case of force majeure or default of Supplier when no such penalty shall be payable.
In case the generation is over and above the Contracted Energy in any Contract Year after the achievement of Commercial Operation Date, the Successful Bidder will be free to sell it to any other entity provided first right of refusal will vest with JIL.