Test Energy Rate definition

Test Energy Rate has the meaning set forth in Section 3.6.
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Test Energy Rate has the meaning assigned to it in Attachment B.
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Test Energy Rate means a payment rate of the real time Locational Marginal Pricing (LMP) at the generator node.
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Examples of Test Energy Rate in a sentence

  • The Parties agree that the neither the Contract Price nor the Test Energy Rate are subject to adjustment or amendment if Seller fails to receive any Tax Credits, or if any Tax Credits expire, are repealed or otherwise cease to apply to Seller or the Facility in whole or in part, or Seller or its investors are unable to benefit from any Tax Credits.

  • Test Energy is compensated at the Test Energy Rate in accordance with Section 3.6.

  • Buyer shall purchase all Test Energy produced by the Facility during startup and testing at the Test Energy Rate.

  • Subject to the terms and conditions of this Agreement, during the Delivery Term, Buyer will purchase all Product produced by or associated with the Facility at the Contract Price and in accordance with Exhibit C, and Seller shall supply and deliver to Buyer all the Product produced by or associated with the Facility; provided, however, that prior to the occurrence of the Commercial Operation Date, Buyer shall pay Seller for Facility Energy at the Test Energy Rate.

  • The Parties agree that the neither the Renewable Rate, the Storage Rate nor the Test Energy Rate are subject to adjustment or amendment if Seller fails to receive any Tax Credits, or if any Tax Credits expire, are repealed or otherwise cease to apply to Seller or the Facility in whole or in part, or Seller or its investors are unable to benefit from any Tax Credits.

  • If the Prevailing Market Price (less Transaction Costs) (expressed as $/MWh) is greater than the Facility Electric Energy Rate, the Pre COD Test Energy Rate shall be the sum of the Facility Electric Energy Rate, plus 95% of the difference between the Facility Electric Energy Rate and the Prevailing Market Price (less Transaction Costs).

  • If the Prevailing Market Price (less Transaction Costs) is less than the Facility Electric Energy Rate, the Pre COD Test Energy Rate shall be 100% of such Prevailing Market Price less Transaction Costs, (but not including Scheduling Fees).

  • Subject to the terms and conditions of this Agreement, during the Delivery Term, Buyer will purchase all of the Product produced by or associated with the Facility at the Contract Price and in accordance with Exhibit C, and Seller shall supply and deliver to Buyer all of the Product produced by or associated with the Facility; provided, however, that prior to the occurrence of the Commercial Operation Date, Buyer shall pay Seller for Generating Facility Energy at the Test Energy Rate.

  • Seller and Buyer agree that the Net Energy Rate or Test Energy Rate, as applicable, is intended to compensate Seller for all of the Net Energy of the Facility delivered to Buyer.

  • The Test Energy Rate for Post COD -------------------- Test Energy shall be equal to either (a) the Facility Electric Energy Rate with respect to a test requested by Buyer the results of which do not require any corrections or adjustments, or (b) the lesser of the Facility Electric Energy Rate or the Prevailing Market Price (less Transaction Costs) in all other circumstances.


More Definitions of Test Energy Rate

Test Energy Rate means a payment rate of seventy-five percent (75%) of the Renewable Energy Payment Rate applicable as of the Commercial Operation Date.
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Test Energy Rate for Solar Energy shall be [70% of the Solar Energy Payment Rate]. The Test Energy Rate for Natural Gas Generated Energy shall be [$____/MW].
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Test Energy Rate has the meaning set forth in Section 3.6. “Total Facility Capacity” has the meaning set forth in Exhibit A.
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Test Energy Rate means $TBD per MWh of Test Energy. “Third Party” means any Person not a Party to the Agreement
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Related to Test Energy Rate

  • Test Energy means Facility Energy delivered (a) commencing on the later of (i) the first date that the CAISO informs Seller in writing that Seller may deliver Facility Energy to the CAISO and (ii) the first date that the PTO informs Seller in writing that Seller has conditional or temporary permission to parallel and (b) ending upon the occurrence of the Commercial Operation Date.

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Energy year or "EY" means the 12-month period from June 1st

  • Net energy metering means measuring the difference, over the net metering period, between (i)

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Reference Resource means a combustion turbine generating station, configured with a single General Electric Frame 7HA turbine with evaporative cooling, Selective Catalytic Reduction technology all CONE Areas, dual fuel capability, and a heat rate of 9.134 Mmbtu/ MWh.

  • energy poverty means a household’s lack of access to essential energy services that underpin a decent standard of living and health, including adequate warmth, cooling, lighting, and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant.

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Net Energy The total quantity of electric energy (measured in kilowatt hours) produced by the Facility over a given time period and delivered to the Point of Interconnection, as measured by the revenue meter. "Net Energy" the equivalent of "Actual Output."

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • energy service means the physical benefit, utility or good derived from a combination of energy with energy-efficient technology or with action, which may include the operations, maintenance and control necessary to deliver the service, which is delivered on the basis of a contract and in normal circumstances has proven to result in verifiable and measurable or estimable energy efficiency improvement or primary energy savings;

  • Solar energy system means a system of components that produces heat or electricity, or both, from

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Reference plane means a plane which is displaced from and parallel to the tomographic plane.

  • Basic gas supply service means gas supply service that is

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Renewable energy project means (A) a project

  • Energy Resource means a Generating Facility that is not a Capacity Resource.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;