Deemed Generated Energy has the meaning set forth in Section 7.4(c). “Default” has the meaning set forth in Section 13.1.
Deemed Generated Energy means, during an applicable period of time, the quantity of Energy, expressed in MWh, that would have been produced by the Project, delivered to the Delivery Point as Delivered Energy and sold to Buyer in accordance with the terms of the Agreement during such period but for Buyer’s Unexcused Failure. Deemed Generated Energy shall be determined by taking into account the following:
Deemed Generated Energy means the amount of Energy, expressed in MWh, that the Facility would have produced and delivered to the Point of Delivery, but for a curtailment event arising under this Section 7.4, which amount shall be equal to (i) the amount of MWh provided for in Seller’s most recently delivered forecast applicable to the curtailment event, less (ii) the amount of Facility Energy delivered to the Point of Delivery during the curtailment event, if any, or, if there is no forecast available, (A) an amount of MWh calculated based on an equation that incorporates relevant Facility and feedstock availability, weather and other pertinent data for the period of time during the curtailment event in order to approximate the amount of Facility Energy that would have been delivered, less (B) the amount of Facility Energy delivered to the Point of Delivery during the curtailment event, if any; provided that, (1) if the applicable difference calculated pursuant to either of the formulas provided above is negative, the Deemed Generated Energy shall be zero (0), and (2) in no event shall Deemed Generated Energy be greater than 18 MWh in the aggregate for any hour. The equation in (A) and (B) shall be subject to review and approval by Buyers’ Agent.
Examples of Deemed Generated Energy in a sentence
The invoiced amount due from Trustees to Licensee shall be for each Billing Cycle the sum of any In Lieu of Electricity Payment for Deemed Generated Energy owing to Licensee and the amount calculated for Electricity delivered to the Electrical Interconnection Point as follows: Simple Peak kW methodology A = P x Q, where: A = Amount of payment due to Licensee for Actual Peak Demand Reduction for the Billing Cycle.
In each Contract Year of the Services Term if the amount of Delivered Energy delivered to Buyer at the Delivery Point from the Project pursuant to the terms of the Agreement (and giving credit to Seller for Deemed Generated Energy attributable for such Contract Year) is less than the Minimum Performance Requirement, Seller shall pay to Buyer an amount equal to $25 total per MWh for the deficit amount of Energy and associated RECs below the Minimum Performance Requirement.
Buyer shall invoice all Deemed Generated Energy Compensation Amounts, consistent with Article VI.
The Deemed Generated Energy shall be computed as set out in the APPENDIX III of this Agreement.
Buyer shall be excused from receiving any Facility Energy from Seller and shall not be obligated to pay Seller for the amount of reduced Facility Energy arising during a curtailment under this Section 7.4(a); provided that the Parties shall calculate the amount of Deemed Generated Energy for reductions of deliveries of Facility Energy arising under this Section 7.4(a), for purposes of determining Seller’s compliance towards its Guaranteed Generation.
More Definitions of Deemed Generated Energy
Deemed Generated Energy. The electrical energy expressed in kWh that as a result of the Buyer’s System Interruption is not generated and/or delivered to the Buyer at the Delivery Point;
Deemed Generated Energy means the amount of Energy, expressed in MWh, that the Facility would have produced and delivered to the Point of Delivery, but for a curtailment event arising under this Section 7.4, which amount shall be equal to (i) the amount of MWh provided for in the EIRP Forecast applicable to the curtailment event, regardless of whether Seller is participating in the EIRP during the curtailment event, less (ii) the amount of Facility Energy delivered to the Point of Delivery during the curtailment event, if any, or, if there is no EIRP Forecast available, (A) an amount of MWh calculated based on an equation that incorporates relevant Facility availability, weather and other pertinent data for the period of time during the curtailment event in order to approximate the amount of Facility Energy that would have been delivered, less (B) the amount of Facility Energy delivered to the Point of Delivery during the curtailment event, if any; provided that, if the applicable difference calculated pursuant to either of the formulas provided above is negative, the Deemed Generated Energy shall be zero (0). The equation in (A) and (B) shall be subject to review and approval by Buyers’ Agent.
Deemed Generated Energy means the amount of Energy, expressed in MWh, that the Facility would have produced and delivered to the Point of Delivery, but for a curtailment event arising under this Section 7.4, which amount shall be equal to (i) the amount of MWh provided for in Seller’s most recently delivered forecast applicable to the curtailment event, less (ii) the amount of Facility Energy delivered to the Point of Delivery during the curtailment event, if any, or, if there is no forecast available, (A) an amount of MWh calculated based on an equation that incorporates relevant Facility and feedstock availability, weather and other pertinent data for the period of time during the curtailment event in order to approximate the amount of Facility Energy that would have been delivered, less (B) the amount of Facility Energy delivered to the Point of Delivery during the curtailment event, if any; provided that, (1) if the applicable difference calculated pursuant to either of the formulas provided above is negative, the Deemed Generated Energy shall be zero (0), and (2) in no event shall Deemed Generated Energy be greater than [ ] MWh in the aggregate for any hour. The equation in (A) and (B) shall be subject to review and approval by Buyers’ Agent.
Deemed Generated Energy means the quantity of Metered Output and/or Other Project Attributes, expressed in MWh, that would have been produced by the Project and made available at the Metered Output Delivery Point during a relevant measurement period, but was not so produced and made available, and shall be determined by taking into account (a) during such period, the actual ten (10) minute (or more frequent) wind speeds (interpolated over time intervals, if necessary) measured by wind monitoring equipment located on each Turbine that was available for operation immediately prior to the commencement of the period in question, or, if such monitoring equipment is unavailable during a relevant interval, then using other available data or interpolated data determined using Good Utility Practices and (b) the power curve provided by the Turbine manufacturer (adjusted by historical data for the Project compiled by Seller), as applied to the wind speeds referred to in clause (a), as adjusted for line losses to the Metered Output Delivery Point using historical data compiled by Seller. For avoidance of doubt, the calculation of Deemed Generated Energy shall include the effects of ISO-NE Curtailment Order that result in partial reduction of energy from the Project, as well as ISO-NE Curtailment Order that result in full reduction of energy from the Project.
Deemed Generated Energy means: (i) if the Project is generating, the Net Electrical Output of the Project or (ii) if the Project generation is reduced or the Project does not generate, the quantity of electric energy, expressed in MWh, that Seller reasonably calculates would have been produced by Project and made available at the Delivery Point during a relevant measurement period. Calculation of the amount of Deemed Generated Energy in the circumstance described in (ii), where the Project generation is reduced or the Project is not generating, shall be determined in the following sequence:
Deemed Generated Energy means the amount of Energy, expressed in MWh, that the Facility would have produced and delivered to the Point of Delivery, but for a curtailment event arising under this Section 7.4 or during any other Seller Excused Hour, which amount shall be equal to (i) the amount of MWh provided for in the EIRP Forecast applicable to the curtailment or other event, regardless of whether Seller is participating in the EIRP during the curtailment event, less (ii) the amount of Facility Energy delivered to the Point of Delivery during the curtailment or other event, if any, or, if there is no EIRP Forecast available, (A) an amount of MWh calculated based on an equation that incorporates relevant Facility availability, weather and other pertinent data for the period of time during the curtailment event in order to approximate the amount of Facility Energy that would have been delivered, less (B) the amount of Facility Energy delivered to the Point of Delivery during the curtailment event, if any; provided that, if the applicable difference calculated pursuant to either of the formulas provided above is negative, the Deemed Generated Energy shall be zero (0). The equation in (A) and (B) shall be subject to review and approval by Xxxxx.
Deemed Generated Energy means Deemed Delivered Energy and Buyer’s Share of Facility Energy that the Parties reasonably estimate would have been delivered to the Points of Interconnection but for a Force Majeure that excuses Seller’s delivery thereof pursuant to Section 14.6, including Buyer’s Share of Facility Energy actually generated but not delivered due to such Force Majeure.