Examples of Non-Firm Sale in a sentence
Non-Firm Sale: An energy sale for which receipt or delivery may be interrupted for any reason or no reason, without liability on the part of either the buyer or seller.
However, he concluded that sales into MISO’s day-ahead market would be considered something other than a Non-Firm Sale because of the associated liability to pay the cover price (i.e., the real-time LMP) in the event of non-delivery.
SUPPLEMENTAL COMMENTS, MOTION FOR CLARIFICATION OR RECONSIDERATION, AND ANSWER TO E.ON’S REQUEST FOR CLARIFICATIONAs TAPS has gained greater understanding of the practical impacts of Order 890’s Non-Firm Sale definition, we have become increasingly concerned that the new definition, while well-intended as a means to encourage undesignation in order to free up ATC, may have adverse unintended consequences that merit consideration.
But Order 890 (P 1692) suggests that there are sales not sufficiently firm to be designated as a network resource, but which cannot be considered a Non-Firm Sale; it notes as to non-“make whole” LD contracts, “[t]he very existence of an LD provision indicates that interruption of service will result in liability and, thus, such contracts cannot automatically be considered Non-Firm Sales for purposes of section 30.4.” Order 890, P 1692 (emphasis added).
The potential for even short notice period liability to disqualify an interruptible sale from being considered a Non-Firm Sale that can be made without undesignation could cause network customers and transmission providers to decline to supply such energy, even when an organized market is experiencing an emergency.
Non-Firm Point-To-Point Transmission Service is available on a stand-alone basis for periods ranging from one hour to one month.1.3544 Non-Firm Sale: An energy sale for which receipt or delivery may be interrupted for any reason or no reason, without liability on the part of either the buyer or seller.
Non-Firm Sale............................................................................................................
Additionally, a system sale that permits curtailment without penalty to serve the seller’s native load would fall within the definition of a Non-Firm Sale, because the seller has the right to rely on that capacity in the event it is needed to serve native load.