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 ($/MW hour) in the Day-Ahead Market for all hours in the Month between midnight and 8:00 AM GRE = Guaranteed Roundtrip Efficiency, % ARE = Actual Roundtrip Efficiency, % For each Contract Year, Seller shall pay to Buyer the Guaranteed Roundtrip Efficiency Credit which equals the sum of the Guaranteed Roundtrip Efficiency Monthly Variances for such Contract Year; provided that, if such sum is a negative value, the Guaranteed Roundtrip Efficiency Credit is zero.
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Roundtrip Efficiency means the measured and recorded amount of Energy the Project delivers to the Delivery Point relative to the amount of Energy injected into the Project at the Delivery Point during the preceding charge. Actual Roundtrip Efficiency will be measured and recorded on a Monthly basis for any Month in which the Storage Facility is Cycled. For each applicable month, the Guaranteed Roundtrip Efficiency Monthly Variance, as defined below, will be calculated. Where: MCE = Charging Energy for the Month (in MW hours) CCE = Average Load Zone K LBMP ($/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)
Sample 1
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 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. 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

  • 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 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 Energy Level for an Energy Storage Resource shall be managed by the Supplier unless the Supplier elects, in its Bids, to be ISO-Managed.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 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.

  • 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.

  • 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 whether the Energy Level will be ISO-Managed or Self-Managed, the Beginning Energy Level, the Energy Storage Resource’s Roundtrip Efficiency.

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

  • An Energy Storage Resource must also specify its Upper and Lower Storage Limits.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.

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