Storage Capacity Rebate definition

Storage Capacity RebateΒ means the rebate determined or calculate in accordance with sections 5.1 and 5.2. Storage Capacity Rebate Percentage means the percentage calculated in accordance with section 5.3.
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Storage Capacity RebateΒ means the rebate determined or calculate in accordance with sections 5.1 and 5.2 of Schedule 4. Storage Capacity Rebate Percentage means the percentage calculated in accordance with section 5.3 of Schedule 4. Subcontract means any subcontract relating to the performance of the Operator's obligations under any Transaction Document (other than a contract with the Commonwealth) including with subcontractors whether hired directly by the Operator or by a person hired by the Operator and including each tier of subcontract, sub-subcontract and so forth. Subcontractor means a subcontractor of the Operator (other than the Commonwealth) and includes any subcontractor of such a subcontractor, whether hired directly by the Operator or by a person hired by the Operator and including each tier of subcontract, sub-subcontract and so forth and any replacement of that subcontractor in accordance with this Agreement. Supplier has the meaning given in clause 20.4.
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Storage Capacity RebateΒ for an Annuity Period is calculated as follows: π‘†πΆπΉπΉπ‘Œ = π΄π΄π΄πΉπ‘Œ Γ— π‘†πΆπ‘ƒπΉπ‘Œ where: SCFFY = the Storage Capacity Rebate for the Annuity Period (in $); AAAFY = the Adjusted Annuity Amount for the Annuity Period (in $); and SCPFY = the Storage Capacity Rebate Percentage for the Annuity Period (expressed as a percentage), provided that the Storage Capacity Rebate for the financial year when aggregated with the Availability Rebate and Performance Event Rebate for the financial year will be capped at the Annuity Cap for that Financial Year.
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Examples of Storage Capacity Rebate in a sentence

  • If: the Commonwealth notifies the Operator that the Commonwealth agrees with the Storage Capacity Rebate set out in the Annual Storage Capacity Report; or the Commonwealth does not provide any notice under section 5.1(a) within the timeframe required by that section, the Storage Capacity Rebate set out in the Annual Storage Capacity Report will be binding on the parties.

  • Within 20 Business Days after the date on which the Commonwealth receives the Annual Storage Capacity Report in respect of a Support Year, the Commonwealth must: notify the Operator that the Commonwealth agrees with the Storage Capacity Rebate set out in the Annual Storage Capacity Report; or notify the Operator that the Commonwealth disputes the Storage Capacity Rebate set out in the Annual Storage Capacity Report.

  • The Storage Capacity Rebate Percentage for a Support Year is calculated as follows: SCPSY = (SCSY - MSOC - TSCSY) / (SCSY - MSOC) where: SCPSY = the Storage Capacity Rebate Percentage for the Support Year (expressed as a percentage); SCSY = the Storage Capacity for that Support Year; MSOC = the Minimum State of Charge; and TSCSY = the Tested Storage Capacity as determined under section 5.4, provided that if the Storage Capacity Rebate Percentage is less than 0% then it will be deemed to be 0%.

  • The Storage Capacity Rebate for a Support Year is calculated as follows: GSY = CSY x SCPSY where: GSY = the Storage Capacity Rebate for the Support Year (in $); CSY = the Annual Support Amount for the relevant Support Year (in $); and SCPSY = the Storage Capacity Rebate Percentage for the Support Year (expressed as a percentage).


More Definitions of Storage Capacity Rebate

Storage Capacity RebateΒ has the meaning given in item 6.3 of Schedule 2 (β€œAnnuity Product terms”).
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Related to Storage Capacity Rebate

  • Storage Capacity means any combination of space, injectability and deliverability.

  • Project Capacity means the AC capacity of the project at the generating terminal(s) and to be contracted with MSEDCL for supply from the Solar Power Project.

  • Nameplate Capacity means the maximum electrical generating output (in MWe) that a generator can sustain over a specified period of time when not restricted by seasonal or other deratings as measured in accordance with the United States Department of Energy standards.

  • Contracted Capacity means the capacity (in MW AC) contracted with MSEDCL for supply by the successful bidder at the Delivery Point from the Solar Power Project.

  • Maximum Capacity or β€˜Pmax’ means the maximum continuous active power which a power-generating module can produce, less any demand associated solely with facilitating the operation of that power-generating module and not fed into the network as specified in the connection agreement or as agreed between the relevant system operator and the power-generating facility owner;

  • System Capacity means the operational capacity of the System at any applicable point in time.

  • Tank means an enclosed space which is formed by the permanent structure of a ship and which is designed for the carriage of liquid in bulk.