Examples of Resource Adequacy Requirement in a sentence
Seller agrees that the Units offered to Buyer will meet all requirements necessary to qualify as a resource capable of contributing to Buyer’s Resource Adequacy Requirement at all times during the Services Term.
Resource Adequacy Requirement less the sum of Deliverable Capacity and Firm Capacity, or zero if the sum of Deliverable Capacity and Firm Capacity is greater than or equal to the Resource Adequacy Requirement.
Deliverable Capacity and Firm Capacity less Resource Adequacy Requirement, or zero if the Deliverable Capacity and Firm Capacity is less than or equal to the Resource Adequacy Requirement.
Buyer requested offers for the sale of Capacity, Energy and Other Products (as defined herein) from new renewable generation, new distributed generation, repowered existing facilities, exiting or new Qualifying Facilities, and/or new conventional generation technologies and all fuel types, including technologies capable of running on multiple fuels, in order to, among other things, support its long-term procurement plan and assist it in meeting its Resource Adequacy Requirement.
The Resource Adequacy Requirement process is performed annually beginning on July 1st of each year.
The Seller must perform all applicable duties of a Generator Owner pursuant to the SPP Protocols and SPP Tariff (including Attachment AA) to qualify the Contract Quantity of capacity such that it can be used for meeting the Load Responsible Entity’s Resource Adequacy Requirement.
Deficiency PaymentA payment by a Market Participant when one or more of its LREs has not met the Resource Adequacy Requirement as calculated in accordance with Section 14.2 of this Attachment AA.
The CPUC’s Resource Adequacy Requirement (“RAR”) applicable to the LCCA requires a demonstration one year in advance that the LCCA has secured physical capacity for 90% of its projected peak loads for each of the five months May through September, plus a minimum 15% reserve margin.
However, due to the deterministic and transmission security oriented nature of the Transmission Security Analysis, some of the assumptions utilized in performing the Transmission Security Analysis differ from the assumptions used in calculating the Installed Capacity Requirement, Maximum Capacity Limit and other aspects of the Local Resource Adequacy Requirement.
The Local Resource Adequacy Requirement analysis assumes the same set of resources used in the calculation of the Installed Capacity Requirement.