Shortfall Energy definition

Shortfall Energy has the meaning set forth in Section 9.1.

Shortfall Energy means an amount calculated as the difference between the planned firm energy amounts from a resource in an identified period and a smaller amount of energy actually produced by that resource in the same identified period. Planned firm energy amounts are the amounts listed in section 2 of Exhibit A for Specified Resources.

Shortfall Energy has the meaning set forth in Section 5.3.

Examples of Shortfall Energy in a sentence

• The amount of Certificates transferred from Seller to Buyer under this Agreement for any hour (or shorter period to the extent that ISO-NE schedules Energy deliveries over a shorter period) will be the equivalent of the lesser of the aggregate amount of Metered Output or the Qualified Clean Energy or Qualified Shortfall Energy, as applicable, Delivered during that hour (or such shorter period).

• On or before the fifteenth (15th) day following the end of each month, Seller shall render to Buyer an invoice for the payment obligations incurred hereunder during the preceding month, based on the Qualified Clean Energy and Qualified Shortfall Energy, as applicable, Delivered in the preceding month, and associated Environmental Attributes deposited in Buyer’s GIS account or a GIS account designated by Buyer to Seller in writing in the preceding month.

• Any such Internal Bilateral transactions will specify the hourly delivery of Scheduled Qualified Clean Energy or Qualified Shortfall Energy and will be entered into daily, with any necessary adjustments being made pursuant to ISO-NE settlement protocols, and Seller will not receive any payment associated with a Marginal Loss Revenue Fund allocation in connection with any such Internal Bilateral transactions.

• Without limiting the generality of the foregoing, Seller shall submit an Internal Bilateral transaction for the Scheduled Qualified Clean Energy, or Qualified Shortfall Energy, as the case may be, by the applicable scheduling deadline and Buyer shall confirm the Internal Bilateral transaction submitted by Seller by the applicable scheduling deadline.

• All metering associated with the Hydro-Québec Power Resources shall be sufficient to permit the Metered Output to be tracked in the GIS to ensure unit-specific accounting of the Delivery of Qualified Clean Energy or Qualified Shortfall Energy to enable the Massachusetts Department of Environmental Protection to accurately account for such Qualified Clean Energy or Qualified Shortfall Energy in the state greenhouse gas emissions inventory, created under chapter 298 of the Acts of 2008.

More Definitions of Shortfall Energy

Shortfall Energy. The difference (kWh) between the actual annual Net Energy delivered to Idaho Power and the Annual Net Energy Amount specified in paragraph 6.2 of this Agreement for the same Contract Year.

Shortfall Energy means (in kWh) the Contract Capacity (prorated, for a partial hour, to reflect the actual percentage of the hour that was subject to a Dispatch and, for a Dispatch of less than all of the DR Resource, to reflect the actual percentage of the Contract Capacity that was subject to a Dispatch) less the Hourly Recorded Reduction for that hour. No “Shortfall Energy” shall exist with respect to an hour if the Hourly Recorded Reduction is greater than or equal to the Contract Capacity in such hour.

Shortfall Energy has the meaning set forth in Section 9.1. “Shortfall Damages” has the meaning set forth in Section 9.3.

Shortfall Energy. For any Agreement Year, shortfall of Net Electrical Output and NPMV against the Degraded Output Threshold, for which liquidated damages are due, as calculated pursuant to Section 9.3.

Shortfall Energy. For any Agreement Year, the shortfall, if any, in the electricity generated by the Complex and calculated as follows: SEFY = (DABE – AMEY) – CEY Where: SEFY = Shortfall Energy, not being a negative number, for the relevant Agreement Year, DABE = the Degraded Annual Benchmark Energy, AMEY = the aggregate of Monthly Energy for all Months in the relevant Agreement Year, CEY = Cumulative Credit Energy, if any, standing to the credit of the Seller in the Shortfall Energy Account.

Shortfall Energy means (in kWh) the Contract Capacity less the Hourly Recorded Reduction for that hour.

Shortfall Energy. For any Agreement Year, the shortfall, if any, in the electricity generated by the Complex and calculated as follows: SFEY = (ABEY – AAEY) – CEY Where SFEY = Shortfall Energy, not being a negative number, for the relevant Agreement Year ABEY = the Annual Benchmark Energy for the relevant Agreement Year AAEY = the Actual Annual Energy for the relevant Agreement Year CEY = CEcredit - CELD Where: CEcredit = Cumulative Credit Energy standing to the credit of the Seller following the immediately preceding calculation of SFEY CELD = the amount of Cumulative Credit Energy deducted in the immediately preceding calculation of SFEY For the avoidance of doubt, there shall be no double-counting of either CEcredit or CELD in calculation of SFEY .