EE Capacity Obligation definition
Examples of EE Capacity Obligation in a sentence
The Participant shall not relinquish part of an EE Capacity Obligation and if the Participant relinquishes any or all of its EE Capacity Obligations it waives any right to receive and releases the IESO from any and all Claims it may have against the IESO in connection with or in any way arising from any EE Capacity Payment related to the relinquished EE Capacity Obligation(s).
If the Participant relinquishes any EE Capacity Obligation prior to the Obligation Period to which the EE Capacity Obligation relates, the Participant shall no longer be required to conduct any measurement and verification with respect to the applicable Obligation Period; however, the Participant shall make itself available to discuss lessons learned, processes, and such other matters as the IESO reasonably determines necessary to evaluate the Program.
If the Participant relinquishes any EE Capacity Obligation during or following the Obligation Period to which the EE Capacity Obligation relates, the Participant shall continue to be required to conduct measurement and verification required pursuant to its M&V Plan and submit its M&V Report with respect to the applicable Obligation Period.
Subject to the terms of this Agreement, the IESO shall pay to the Participant a EE Capacity Payment for each Obligation Period for which they have an EE Capacity Obligation and a M&V Report approved by the IESO, and received all other supporting documentation and evidence as required by this Agreement or as otherwise requested by the IESO.
The Participant shall submit an M&V Plan that aligns with the requirements of the EE Auction Pilot M&V Procedures for each Energy Efficiency Resource for which the Participant has been awarded an EE Capacity Obligation at least sixty (60) calendar days prior to the start of the first Obligation Period to which the Energy Efficiency Resource relates.