Curtailment Cap definition

Curtailment Cap is the yearly quantity (Term Year), in MWh, set forth in Section 1.09.

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Guaranteed Capacity.

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Installed Capacity. “Deemed Delivered Energy” means the amount of Energy expressed in MWh that the Facility would have produced and delivered to the Delivery Point, but that is not produced by the Facility due to a Buyer-directed curtailment, which amount shall be calculated using an industry-standard methodology agreed to by Buyer and Seller that utilizes meteorological conditions on Site as input for the period of time during such Buyer-directed curtailments.

Examples of Curtailment Cap in a sentence

• If, at any point in any Contract Year, the amount of Facility Energy plus the amount of Deemed Delivered Energy above the Curtailment Cap exceeds one hundred five percent (105%) of the Expected Energy for such Contract Year, the price to be paid for additional Facility Energy or Deemed Delivered Energy shall be equal to the lesser of (a) the Delivery Point LMP for the Real-Time Market for the applicable Settlement Interval or (b) fifty percent (50%) of the Contract Price, but not less than $0.00/MWh.

• For each MWh of Facility Energy in each Settlement Period, Buyer shall pay Seller the Contract Price, plus the amount of Deemed Delivered Energy above the Curtailment Cap, if any, up to one hundred five percent (105%) of the Expected Energy for each Contract Year.

• If, at any point in any Contract Year, the amount of Facility Energy plus the amount of Deemed Delivered Energy above the Curtailment Cap exceeds one hundred and fifteen percent (115%) of the Expected Energy for such Contract Year, no payment shall be owed by Buyer for any additional Facility Energy or Deemed Delivered Energy.

More Definitions of Curtailment Cap

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Guaranteed Capacity. “Deemed Delivered Energy” means the amount of Energy expressed in MWh that the Generating Facility would have produced and delivered to the Storage Facility or the Delivery Point, but that is not produced by the Generating Facility due to a Buyer-directed curtailment, which amount shall be calculated using the CAISO VER forecast or an industry-standard methodology agreed to by Buyer and Seller that utilizes meteorological conditions on Site as input for the period of time during such Buyer-directed curtailments.

Curtailment Cap is the yearly quantity per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Guaranteed Capacity. “Deemed Delivered Energy” means the amount of Energy expressed in MWh that the Facility would have produced and delivered to the Delivery Point, but that is not produced by the Facility due to a Buyer-directed curtailment, which amount shall be calculated using the CAISO VER forecast or an industry-standard methodology agreed to by Buyer and Seller that utilizes meteorological conditions on Site as input for the period of time during such Buyer-directed curtailments. (Note: Sellers are requested to identify the cost impact, if any, of the Curtailment Cap on the Contract Price.)

Curtailment Cap means 50 hours per Contract Year. “Curtailment Order” means any of the following:

Curtailment Cap means, for each Contract Year, the product of (i) the Nameplate Capacity, (ii) 0.90, and (iii) fifty (50) hours.

Curtailment Cap means Guaranteed Capacity times 50 hours MWh per Contract Year.

Curtailment Cap equals the Expected Energy per Contract Year, in MWh, equal to fifty (50) hours multiplied by the Guaranteed Capacity. “Buyer Curtailment Order” means the instruction from Buyer to Seller to reduce Facility Energy from the Facility by the amount, and for the period of time set forth in such instruction, for reasons unrelated to a Planned Outage, Forced Facility Outage, Force Majeure Event or Curtailment Order. “Buyer Bid Curtailment” means the occurrence of both of the following: (a) the CAISO provides notice to deliver less Facility Energy than the full amount of energy forecasted to be produced from the Facility for a period of time; and (b) for the same time period in (a), the CAISO notice results from the manner in which the SC schedules or bids the Facility or Facility Energy, including where the SC for the Facility: (i) did not submit a Self-Schedule or an Energy Supply Bid for the MW subject to the reduction; or (ii) submitted an Energy Supply Bid and the CAISO notice referenced in (a) is solely a result of CAISO implementing the Energy Supply Bid; or submitted a Self-Schedule for less than the full amount of Facility Energy forecasted to be generated by or delivered from the Facility.

Curtailment Cap. (measured in MWh) means, for each Contract Year, an amount of Energy equal to the Guaranteed Capacity multiplied by 50 hours.