Examples of Expected Energy in a sentence
If, at any point in any Contract Year, the amount of Metered Energy plus the amount of Deemed Delivered Energy above the Curtailment Cap exceeds one hundred and fifteen percent (115%) of the Expected Energy for such Contract Year, the price to be paid for additional Metered Energy or Deemed Delivered Energy shall be equal to the lesser of (a) the Delivery Point LMP for the Day-Ahead Market for the applicable Settlement Interval or (b) $0.00/MWh.
If, at any point in any Contract Year, the amount of Energy, plus the amount of Deemed Delivered Energy exceeds one hundred and ten percent (110%) of the Expected Energy for such Contract Year, the price to be paid for additional MWh of Energy or Deemed Delivered Energy shall be equal to the lesser of (a) the Delivery Point LMP for the Day-Ahead Market for the applicable Settlement Interval or (b) fifty percent (50%) of the Contract Price.
The “Guaranteed Energy Production” means an amount of Energy, as measured in MWh, equal to [For intermittent resources: one-hundred sixty percent (160%) of the average Expected Energy for the two (2) Contract Years constituting such Performance Measurement Period] [For non-intermittent resources: ninety-five percent (95%) of the average Expected Energy for each Contract Year (i.e., Performance Measurement Period)].