Loss of Load Probability definition

Loss of Load Probability or “LOLP” means probability that a system’s load will exceed the generation and firm power contracts available to meet that load in a year.
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Loss of Load Probability means the probability that available generation capacity will be inadequate to supply customer demand at any given moment.
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Loss of Load Probability or “LOLP” means a measure of the probability that a system demand will exceed capacity during a given period; often expressed as the estimated number of days over a long period, frequently 10 years or the life of the system.
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Examples of Loss of Load Probability in a sentence

  • This reserve level has been determined to be adequate to meet and exceed the industry standard Loss of Load Probability of 0.1 days per year.

  • We have not attempted to replicate the work already done by E&E, such as a survey of approaches taken in other parts of the country to coordinate solid waste programs on a regional basis.

  • With regard to Mr. Seelye’s Loss of Load Probability (“LOLP”) study, he indicates that hourly loads were utilized for individual classes.

  • These have included indices such as Loss of Load Probability (LOLP) and Energy Use Efficiency (EUE).

  • Establish Loss of Load Probability profiles under different scenarios and determine prices of the ORDC Currently, reserve requirement is set based on the largest single online generation unit’s scheduled energy.

  • A monthly Loss of Load Probability (LOLP) of the designed power supply.

  • Tragedy, he says there, is “the poetry that is most pleasing to the populace and the most soul-alluring” (321a).36 Tragedy is alluring because it tempers the suffering inspired by nature’s indifference and mysteriousness.

  • In this response, provide all data and formulae necessary to replicate each hourly system Loss of Load Probability.

  • This section seeks to highlight the key findings from this analysis and provide context that is useful for policy makers and regulators.Target reliability metrics are RA standards, which include the PRM and the Loss of Load Probability.

  • Unused capacity has an option value measured by the Loss of Load Probability, but this is an essentially exponential function of the reserve margin (Newbery, 1995) and hence very low except when demand is tight.


More Definitions of Loss of Load Probability

Loss of Load Probability or “LOLP” means probability that a system’s load will
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Loss of Load Probability. (LOLP) means, in a given zone and during a given time period, the probability that resources would be insufficient to meet the demand needs.
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Loss of Load Probability as defined in the Pool Rules;
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Loss of Load Probability or "LOLP" means the probability of supply being lost by reason of generation being insufficient to meet demand;
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Related to Loss of Load Probability

  • Loss of Use means the total and irrecoverable loss of function of an arm, hand, foot, leg or thumb and index finger of the same hand provided such loss of function is continuous for 12 consecutive months and such loss of function is thereafter determined on evidence satisfactory to Chubb Life to be permanent.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Loss of Hand or Foot means complete severance through or above the wrist or ankle joint. (In South Carolina, "Loss of Hand" can also mean the loss of four whole fingers from one hand.)

  • reasonable possibility means that there is a cause and effect relationship between the investigational product, study device and/or study procedure and the AE.

  • Aggravated circumstances means circumstances in which a parent:

  • Downtime means the Total Minutes in the Month during which the Cloud Service (or Servers for Server Provisioning) does not respond to a request from SAP’s Point of Demarcation for the data center providing the Cloud Service (or Server for Server Provisioning), excluding Excluded Downtime.

  • Structural damage means a covered building, regardless of the date of its construction, has experienced the following.

  • Areas susceptible to mass movement means those areas of influence, characterized as having an active or substantial possibility of mass movement, where the movement of earth material at, beneath, or adjacent to the landfill unit, because of natural or human-induced events, results in the downslope transport of soil and rock material by means of gravitational influence. Areas of mass movement include landslides, avalanches, debris slides and flows, soil fluction, block sliding, and rock falls.