Protected Demand definition
Examples of Protected Demand in a sentence
In the event of an adjustment by TVA under this subsection, Company’s Protected Demand will become the average 5-Minute Metered Demand during 5-Minute Non-Compliant Intervals.
The adjusted Protected Demand will become effective on the date stated in TVA’s notice.
During an Interruption, Company shall reduce its power demand requirements so that its 5-Minute Metered Demand is less than or equal to its Protected Demand during the entire Interruption period.
If the IP Product Agreement provides for IP5, TVA may increase Company’s Protected Demand upon at least 30 days’ notice if Company’s response to an Interruption (1) results in a Performance Factor less than 97 percent or (2) contains more than six 5-Minute Non-Compliant Intervals.
When Company has demonstrated a Performance Factor equal to 100 percent (based on the Protected Demand prior to TVA’s adjustment) in a subsequent month, TVA will adjust Company’s Protected Demand back to the previous level upon 30 days’ notice to Company.
Following any adjustment of Protected Demand by TVA in accordance with subsection 1.5.2 or 1.5.3, Company’s Protected Demand that applied prior to TVA’s adjustment may be reinstated by TVA if Company demonstrates that it can achieve a 100 percent Performance Factor (based on the Protected Demand prior to TVA’s adjustment) during an Interruption.
If the IP Product Agreement provides for IP30, TVA may increase Company’s Protected Demand upon at least 30 days’ notice if Company achieves a Performance Factor of less than 97 percent in any two Interruptions in any consecutive 12-month period.
If Company chooses to take load above its Emergency Protected Demand during such temporary period, as specified by TVA, any Metered Demand taken above the Emergency Protected Demand during that period will not be considered in the calculation of the Performance Factor, any applicable charges, or any applicable credits, for that Emergency Interruption.
Written notices of adjustment under this subsection may be given by TVA at any time following TVA’s determination that Company has triggered TVA’s ability to make an adjustment in Capacity Protected Demand.
For the sole purpose of calculating the Minimum Billing Demand Reduction in section 2.8(b) above, the Demand Ratchet will be calculated using the sum of (i) the Protected Demand and (ii) the highest applicable Excess Demand established during the preceding 12 months instead of the applicable Contract Demand.