Examples of Monthly Capacity in a sentence
III.13.7.3 Monthly Capacity Payment and Capacity Stop-Loss Mechanism.Each resource’s Monthly Capacity Payment for an Obligation Month, which may be positive or negative, shall be the sum of the resource’s Capacity Base Payment for the Obligation Month plus the sum of the resource’s Capacity Performance Payments for all five-minute intervals in the Obligation Month, except as provided in Section III.13.7.3.1 and Section III.13.7.3.2 below.
Capacity for Annual, Quarterly and Monthly Capacity shall by auctioned by using an ascending- clock auction algorithm.
Commencing on the last day of the month in which the Commercial Operation Date occurs, Buyer shall, subject to Section 5.1.4, pay to Seller in arrears a Capacity Payment equal to the greater of (i) the Monthly Capacity Payment as determined in Section 5.1.2, or (ii) the Minimum Monthly Capacity Payment as determined in Section 5.1.3.
With respect to any month in which the calculated Monthly Capacity Payment is less than the Minimum Monthly Capacity Payment, the difference between the two payment amounts shall be set forth in a separate account (the amount in such account is referred to herein as the “Capacity Payment Shortfall”).
Seller is not entitled to any Monthly Capacity Payment until Buyer is fully authorized as Scheduling Coordinator for the Generating Facility; provided, however, that Buyer may not take, or not refrain from taking, any action if the result would be to delay such authorization.
The Capacity Payment Shortfall shall be increased by interest at the Prime Rate divided by 365 on the maximum amount of the Capacity Payment Shortfall on that day and shall be recovered by Buyer as a credit against the otherwise applicable Monthly Capacity Payment owed to Seller in any following month and by drawing on the Carry-Over-Letter of Credit as provided below.
During any month, the “Minimum Monthly Capacity Payment” shall equal the amount determined by the following formula: Minimum Monthly Capacity Payment = CC × 1000 × CPR × [?%], where: CC = the Contract Capacity; CPR = Capacity Payment Rate; and % = [?].
Each Month Energinet shall send an invoice to the Shipper for Annual, Quarterly and Monthly Capacity in the Transmission System pertaining to the Month in question to be paid in accordance with clauses 17.1 a) and b).
The Monthly Capacity Fee shall be reduced pro rata the interrupted/reduced capacity and for the term of such interruption/reduction in case of refusal by the Network User of non compliant Natural Gas.
This factor is calculated using the 12 months rolling average of the Monthly Capacity Factor.