Secondary Operating Reserve definition

Secondary Operating Reserve or “SOR” has the meaning given to it in the Grid Code;
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Examples of Secondary Operating Reserve in a sentence

  • The categories of reserve Capability to be provided, each of which is covered in turn below, are: Primary Operating Reserve, Secondary Operating Reserve, Tertiary Operating Reserve 1, Tertiary Operating Reserve 2 and Replacement Reserve.

  • The basis for payments for Secondary Operating Reserve (SOR) is the calculation of the SOR Capability of the Generating Unit over a Trading Period.

Related to Secondary Operating Reserve

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Replacement Reserve As defined in Section 9.5.1.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);