Deemed Generated Energy definition
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 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.
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.
Balancing Amounts with respect to Energy from the Project not delivered to Buyer pursuant to the terms hereof, including Excess Products, are for the account of Seller (other than Deemed Generated Energy for which Buyer is obligated to compensate Seller for pursuant to Section 3.16).
Trustees will be obligated to pay an In Lieu of Electricity Payment for all Deemed Generated Energy during the period of relocation.
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 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 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.
Deemed Generated Energy means during any Curtailment Period: the amount of Energy, expressed in MWh, that the Facility would have produced and delivered to the Point of Delivery, which amount shall be equal to (a) the amount of MWh provided for in the EIRP Forecast applicable to the Curtailment Period, unless Seller is prohibited from participating in the EIRP during the Curtailment Period, in which case the amount of MWh shall be based on a forecast or backcast (“Replacement Forecast”) from Clean Power Research or another third-party forecaster mutually agreed upon by Buyer and Seller, less (b) the amount of Facility Energy delivered to the Point of Delivery during the Curtailment Period, if any. If a Replacement Forecast is used, Seller shall be solely responsible for the costs of such Replacement Forecast.
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 (A) an amount of MWh calculated based on an equation that incorporates relevant Facility availability, output prior to curtailment, 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 Facility Energy, expressed in MWh, that would have been produced by the Facility and delivered to the Point of Delivery during a particular month but for curtailment of the Facility, which shall be calculated using the procedures developed under Section 7.6(d).
Deemed Generated Energy means the quantity of electric energy, expressed in MWh, that would have been produced by the Project and delivered to the Delivery Point during any period, determined by taking into account (i) during such period, the actual 10-minute wind speeds (interpolated over time intervals, if necessary) measured by wind monitoring equipment located on each Project Turbine that was available for operation immediately prior to the commencement of the period in question and expected to be available for the duration of the period in question or prorated accordingly, or, if such monitoring equipment is unavailable during a relevant interval, then using other available data or interpolated data determined using industry standard practices, and (ii) the generation determined by the power curve provided by the manufacturer of the Project Turbines reflecting the energy that would be produced by a Project Turbine at all operational speeds, as applied to the wind speeds referred to in clause (i), as adjusted for line losses to the Delivery Point, using historical data compiled by Seller.