Equivalent Availability Factor has the meaning set forth in Appendix 9.2.
Equivalent Availability Factor or "EAF" means the equivalent availability factor for the Portfolio Units, computed in accordance with North American Electric Reliability Council definitions at the end of each month on a rolling 12 month basis; provided, however, that for Contract Year 1, the EAF will be -------- ------- computed based on availability commencing January 1, 2001.
Equivalent Availability Factor or “EAF” has the meaning set forth in Section 4.1(b).]
Examples of Equivalent Availability Factor in a sentence
Once the Project has achieved its Initial Delivery Date, Buyer shall pay Seller a monthly capacity payment determined in accordance with the calculation set forth in Appendix 9.2 (the “Monthly Capacity Payment”); provided, that Buyer shall not be required to pay the Monthly Capacity Payment for any month in which the Equivalent Availability Factor for the Energy Storage System is less than 0.90 or the Round-Trip Efficiency Rate Factor for the Energy Storage System is less than 0.90.
More Definitions of Equivalent Availability Factor
Equivalent Availability Factor means the amount determined in accordance with section 4.3.
Equivalent Availability Factor means the ratio of hours the Facility is available for power generation at Project Capacity to the number of hours in a particular calendar month. The removal or derating of any operational component which would limit the ability to generate at Plant Capacity to the Delivery Point shall be considered Unavailable. An example of how Equivalent Availability Factor is calculated is attached as Exhibit D.
Equivalent Availability Factor shall have the meaning set forth in Exhibit L.
Equivalent Availability Factor. The ratio (in percent) calculated in accordance with the formula, terms and concepts defined by NERC GADS, as set forth in Attachment C (Methods and Formulas for Measuring Performance Standards/Selected Portions of NERC GADS), based on the Net Maximum Capacity of the Facility, unless otherwise defined in this Agreement.
Equivalent Availability Factor has the meaning given in item 5.5 of Schedule 2 (“Annuity Product terms”).
Equivalent Availability Factor or "EAF" means the fraction of a given operating period in which a generating unit is available without any outages and equipment or seasonal deratings.
Equivalent Availability Factor shall be determined consistent with the requirements of the Generating Availability Data System data reporting instructions.