Demand Ratchet definition

Demand Ratchet means the calculation in the Rate Schedule which establishes the level below which Company’s billing demand cannot fall.
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Examples of Demand Ratchet in a sentence

  • In situations where historical Demand requirements will be exceeded due to properly noticed and Company approved scheduled equipment testing, Company will ignore for Billing Demand Ratchet purposes the test period demands.

  • For the sole purpose of calculating the Minimum Billing Demand Reduction in section 2.8(b) above, the Demand Ratchet will be calculated using the sum of (i) the Protected Demand and (ii) the highest applicable Excess Demand established during the preceding 12 months instead of the applicable Contract Demand.

  • For the sole purpose of calculating the minimum billing demand reduction in subsection 6.9(b) above, the Demand Ratchet will be calculated using the sum of (i) the Emergency Protected Demand and (ii) the highest applicable Excess Demand established during the preceding 12 months instead of the applicable Contract Demand.

  • The Demand Ratchet included in previous rates has been eliminated.

  • The Demand Ratchet as so calculated will in no case exceed the amount of the applicable Protected Demand.

  • The Demand Ratchet is a mechanism by which the electric utility bills a customer for the maximum demand measured (or a percentage thereof) over the prior year or season.

  • BPA has proposed to eliminate the Demand Ratchet included in previous rate cases.

  • The Demand Ratchet will be calculated using the sum of (i) the Protected Demand and (ii) the highest applicable Excess Demand established during the preceding 12 months instead of the applicable Contract Demand.

  • Tariff Filing to Eliminate the Demand Ratchet from the Billing Provisions for Preservation Power.

  • After giving five (5) calendar days' notice to the Chief of Police, one (l) F.O.P. designated grievance representative shall be granted reasonable time off, not to exceed two (2) hours per grievance, with pay, when the Representative is required to be engaged in presenting a grievance under this Agreement during that Representative's scheduled hours where it shall not interfere with the operations of the Department.

Related to Demand Ratchet

  • Demand Registrations has the meaning set forth in Section 2(a).

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Demand Bid Limit means the largest MW volume of Demand Bids that may be submitted by a Load Serving Entity for any hour of an Operating Day, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Issuance Period shall have the meaning specified in paragraph 2B(2).

  • Demand Registration Notice has the meaning set forth in Section 2.1.

  • Demand Registration Request shall have the meaning set forth in Section 3.1.1(a).

  • Demand Registration shall have the meaning given in subsection 2.1.1.

  • Demand Registration Statement has the meaning set forth in Section 2.01(a).

  • Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.

  • Cutback Shares means any of the Registrable Securities not included in any of the Registration Statements previously declared effective hereunder as a result of a limitation on the maximum number of shares of Common Stock of the Company permitted to be registered by the staff of the SEC pursuant to Rule 415.

  • Nominated Demand Resource Value means the amount of load reduction that a Demand Resource commits to provide either through direct load control, firm service level or guaranteed load drop programs. For existing Demand Resources, the maximum Nominated Demand Resource Value is limited, in accordance with the PJM Manuals, to the value appropriate for the method by which the load reduction would be accomplished, at the time the Base Residual Auction or Incremental Auction is being conducted.

  • Piggyback Shares has the meaning ascribed to such term in Section 2.3(a)(iii).

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Shelf Takedown means an Underwritten Shelf Takedown or any proposed transfer or sale using a Registration Statement, including a Piggyback Registration.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Demand Period has the meaning set forth in Section 2.01(c).

  • Investor Uncovered Dilution Amount means an amount equal to the product of (x) the Series Allocation Percentage for the related Monthly Period (determined on a weighted average basis, if one or more Reset Dates occur during that Monthly Period), times (y) the aggregate Dilutions occurring during that Monthly Period as to which any deposit is required to be made to the Excess Funding Account pursuant to Section 3.9(a) of the Transfer and Servicing Agreement or Section 3.9(a) of the Pooling and Servicing Agreement but has not been made; provided that, if the Transferor Amount is greater than zero at the time the deposit referred to in clause (y) is required to be made, the Investor Uncovered Dilution Amount for such amount to be deposited shall be deemed to be zero.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Available Liquidity means the credit balance on the DCA decreased by the amount of any processed reservations of liquidity or blocking of funds,

  • Class A Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class A Floating Percentage for such Monthly Period.

  • Shelf Takedown Notice shall have the meaning given in subsection 2.1.3.

  • Demand Holder has the meaning set forth in Section 3.02(a).

  • Required Registration Amount means either the Initial Required Registration Amount or the Additional Required Registration Amount, as applicable.

  • Demand Party has the meaning set forth in Section 2.2(a).

  • Class B Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class B Floating Percentage for such Monthly Period.