Roundtrip Efficiency definition

Roundtrip Efficiency means the measured and recorded amount of Energy the Project delivers to the Delivery Point relative to the amount of Energy injected into the Project at the Delivery Point during the preceding charge. Actual Roundtrip Efficiency will be measured and recorded on a Monthly basis for any Month in which the Storage Facility is Cycled. For each applicable month, the Guaranteed Roundtrip Efficiency Monthly Variance, as defined below, will be calculated. Guaranteed Roundtrip Efficiency Monthly Variance = MCE x CCE x (GRE – ARE) Where: MCE = Charging Energy for the Month (in MW hours) CCE = Average Load Zone K LBMP ($/MW hour) in the Day-Ahead Market for all hours in the Month between midnight and 8:00 AM GRE = Guaranteed Roundtrip Efficiency, % ARE = Actual Roundtrip Efficiency, % For each Contract Year, Seller shall pay to Buyer the Guaranteed Roundtrip Efficiency Credit which equals the sum of the Guaranteed Roundtrip Efficiency Monthly Variances for such Contract Year; provided that, if such sum is a negative value, the Guaranteed Roundtrip Efficiency Credit is zero. Contract Year Guaranteed Roundtrip Efficiency (GRE)
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Examples of Roundtrip Efficiency in a sentence

  • The Actual Roundtrip Efficiency shall be calculated and recorded to determine the amount of energy the Project can deliver relative to the amount of Energy injected into the system during the preceding charge.

  • The Actual Roundtrip Efficiency of the Project for the billing Month shall be determined in accordance with the equation below from the recorded and measured data.

  • CAPACITY PAYMENT [SELLER TO SPECIFY $/KW-MONTH PRICE AND PROVIDE FORMULA FOR CALCULATING MONTHLY CAPACITY PAYMENT] APPENDIX 5 ENERGY PAYMENT The Monthly Energy Payment is equal to the sum of the Monthly VOM, the Monthly Pass-Through Charge, and the Guaranteed Roundtrip Efficiency Credit.

  • The Day-Ahead Schedule for Energy Storage Resources with ISO-Managed Energy Levels will reflect the Resource’s Energy Level constraints, including the Beginning Energy Level, the Upper and Lower Storage Limits, and the Resource’s Roundtrip Efficiency.

  • The BESSD shall also submit calculations of System Availability and Round-trip Efficiency in line with provisions of this Agreement, as part of the Monthly Bill/Supplementary Bill..

  • Consistent with the ISO Procedures, Bids from Suppliers for Energy Storage Resources supplying Energy and Ancillary Services may be required to specify the Beginning Energy Level and the Energy Storage Resource’s Roundtrip Efficiency, and must specify its Upper and Lower Storage Limits.

  • The BESSD shall also submit calculations of System Availability and Round-trip Efficiency in line with provisions of this Agreement, as part of the Monthly Bill/Supplementary Bill.

  • CAPACITY PAYMENT [SELLER TO SPECIFY $/KW-MONTH PRICE AND PROVIDE FORMULA FOR CALCULATING MONTHLY CAPACITY PAYMENT] APPENDIX 5 ENERGY PAYMENT The Monthly Energy Payment is equal to the sum of the Monthly VOM, the Monthly Scheduling Charges, the Monthly Pass-Through Charge, and the Guaranteed Roundtrip Efficiency Credit.

  • The Actual Roundtrip Efficiency of the Project shall be determined in accordance with the equation below from the recorded and measured data.

  • APPENDIX 5 ENERGY PAYMENT The Monthly Energy Payment is equal to the sum of the Monthly VOM, the Monthly Scheduling Charges, the Monthly Pass-Through Charge, and the Guaranteed Roundtrip Efficiency Credit.

Related to Roundtrip Efficiency

  • Capture efficiency means the weight per unit time of VOC entering a capture system and delivered to a control device divided by the weight per unit time of total VOC generated by a source of VOC, expressed as a percentage.

  • Transfer efficiency means the ratio of the weight of coating solids adhering to the part being coated to the weight of coating solids used in the application process expressed as a percentage.