Undelivered Energy Penalty definition

Undelivered Energy Penalty has the meaning set forth in Section 1.7.
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Examples of Undelivered Energy Penalty in a sentence

  • Seller’s payment of the Undelivered Energy Penalty shall be secured by the Performance Assurance as specified in Article 5.

  • Credit and Collateral• Due within 10 Business Days after contract execution• Collateral calculation includes 20% of estimated Undelivered Energy Penalty based on Monthly Contracted QuantityArticle 7 – Representations, Warranties and Covenants• Prohibited Resources (DRP cost sharing obligations subject to change pending outcome of A.

  • The Undelivered Energy Penalty may be netted by Buyer against amounts that would otherwise be due to Seller under this Agreement.

  • The Undelivered Energy Penalty calculation is in Section 1.7 of the DRAM Agreement.

  • The undelivered energy penalty collateral is calculated based on 20% of the potential Undelivered Energy Penalty and required as a part of the Performance Assurance process discussed in Section 5.1 of the DRAM Agreement.

  • Credit and Collateral• Due within 10 Business Days after contract execution• Collateral calculation includes 20% of estimated Undelivered Energy Penalty based on Monthly Contracted QuantityArticle 7 – Representations, Warranties and Covenants• Prohibited Resources (DRP cost sharing obligations subject tochange pending outcome of A.

  • If the required energy quantity is not delivered by the end of October, Sellers will be assessed a penalty based on the following calculation applicable at the resource level: Undelivered Energy Penalty ($) = $10,000/MW x Average Qualifying Capacity x (1 – delivered energy quantity/required energy quantity), where the delivered energy quantity is the cumulative energy delivered by the applicable resource during the months May through October.

  • If the REQ is not delivered by the end of the Term, Seller will be assessed an Undelivered Energy Penalty based on the calculation set forth in Section 1.7(c) of the Agreement.

  • Credit and Collateral• Due within 10 Business Days after contract execution• Collateral calculation includes 20% of estimated Undelivered Energy Penalty based on Monthly Contracted QuantityArticle 7 – Representations, Warranties and Covenants• Prohibited Resources (DRP cost sharing obligations subject to changepending outcome of A.

Related to Undelivered Energy Penalty

  • 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 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 performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • 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 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;

  • Delivered Energy means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point and as certified by SLDC/MSEDCL authorities.

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

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

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Published Penalties means any additional published cancellation penalties levied by Your travel agency or Travel Supplier that apply to all clients of the travel agency or Travel Supplier and can be documented at time of Your purchase of Travel Arrangements from Your travel agency. The maximum amount reimbursable for travel agency published penalties is 25% of the total trip cost excluding taxes and other non-commissionable items.

  • 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.

  • 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.

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Energy savings performance contract means a public contract between a contracting agency and a qualified energy service company for the identification, evaluation, recommendation, design and construction of energy conservation measures, including a design-build contract, that guarantee energy savings or performance.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.

  • Building Energy Benchmarking means the process of measuring a building’s Energy use, tracking that use over time, and comparing performance to similar buildings.

  • 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.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • 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;

  • nuclear energy hazard means the radioactive, toxic, explosive, or other hazardous properties of radioactive material;

  • Health and Safety Plan means a documented plan which addresses hazards identified and includes safe work procedures to mitigate, reduce or control the hazards identified;

  • Health service area or “HSA” refers to the distinct geographic regions described in Section 4.1.4 or the Vermont Blueprint for Health Manual.

  • Renewable energy project means (A) a project