Scheduled Curtailment definition
Examples of Scheduled Curtailment in a sentence
Prior to beginning any activities related to a Scheduled Curtailment, each Affected Owner shall estimate in good faith the anticipated Affected Owner Curtailment Losses and deliver such estimate to the Impacting Owner.
If an Impacting Owner’s Curtailment is scheduled (a “Scheduled Curtailment”), the Parties shall establish a protocol to reasonably minimize disruptions to any Affected Owner’s Project during the period of the Scheduled Curtailment.
After successful Project Sponsor participation in the Scheduled Curtailment and EPE verification of the IDR data and Demand Savings, EPE will pay the Project Sponsor the Scheduled Curtailment Payment at the rate of $25.00 per kW of verified Demand Savings.
Notwithstanding anything to the contrary, ETI may, in its sole discretion, revise the calculation of the Scheduled Curtailment Payment and/or the Performance Period Payment to allow payment to Partner for an amount of peak demand reduction that exceeds the amount of Estimated Demand Savings and is less than or equal to the amount of Demand Savings.
Buyer shall not curtail Energy from the Generating Facility except in the event of an Emergency or for a Buyer Scheduled Curtailment on the circuit to which the Generating Facility is connected (which Buyer Scheduled Curtailment is to be limited to no more than the Annual Daily Cap).
The amount of the Performance Period Payment will be calculated using the following formula: Performance Period Payment = $35.00 x Average Verified Demand Savings for all Curtailments In the event no Unscheduled Curtailments occur, the Demand Savings used to calculate the Performance Period Payment will be the verified Demand Savings from the yearly Scheduled Curtailment.
EPE will pay Project Sponsors in two installments each year the Agreement is in effect: (1) the Scheduled Curtailment Payment and (2) the Performance Period Payment.
The total incentive cap of $60 per kW includes the Scheduled Curtailment Payment and the Performance Period Payment as described in this Manual.
Program Year Scheduled Curtailment Payment Performance Period Payment Demand Savings Goal 2010 $25 per kW $35 per kW 3,500 kW To ensure that incentives are available to multiple Project Sponsors, any individual Project Sponsor or its affiliates may be limited to a maximum of 40% of the SOP incentive budget in a given budget year.
The Verification Process for the Scheduled Curtailment must be completed before the Project Sponsor will receive the Scheduled Curtailment Payment.