Examples of Unit EFC in a sentence
Seller’s potential reduction in Contract Quantity for each remaining Showing Month shall equal the product of (i) the applicable Showing Month Contract Quantity and (ii) the total amount (in MW) Unit EFC was reduced since the Confirmation Effective Date, divided by (iii) the Unit EFC as of the Confirmation Effective Date.
If the Unit experiences such a reduction in Unit EFC, then Seller shall have the option, but not the obligation, to provide the applicable Contract Quantity for such Showing Month from the same Unit (provided the Unit has sufficient remaining and available Product) and/or Alternate Capacity in accordance with Section 4.5 up to the Contract Quantity.
In the event that the Contract Quantity is reduced due to a Planned Outage as set forth in Section 4.4(a) above or a reduction in Unit NQC and/or Unit EFC as set forth in Sections 4.4(c) and 4.4(d) below, and Seller does not elect to provide Alternate Capacity, then the invoice for such month(s) shall be adjusted to reflect a daily pro rata amount for the duration of such reduction.
If Product is both (i) Flexible RA Product specified under Section 3.2, and (ii) Contingent Firm RA Product specified under Section 3.4, then Seller’s obligation to deliver the applicable Contract Quantity of Product for any Showing Month may also be reduced if the Unit experiences a reduction in Unit EFC as determined by the CAISO.
If the Product is Contingent Firm RA Product that includes Flexible RA Attributes, Seller’s obligation to deliver the applicable Contract Quantity for any Showing Month may also be reduced by Seller if the Unit experiences a reduction in Unit EFC as determined by the CAISO.