Load Reduction definition

Load Reduction has the meaning set forth in Section IX.6 of this Agreement.
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Load Reduction is the reduction (in MW) in the level at which electricity is taken from the network at the connection points specified in Item 3.
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Load Reduction means the ability to reduce customer demand by load curtailment and load shedding; “losses” means the technical or resistive energy losses incurred on the transmission system;
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Examples of Load Reduction in a sentence

  • During the Term of this Agreement, subject to any dispatch limitations and the notification requirements as set forth in Section 4.3, APS shall have the right, but not the obligation, to schedule a Program Event pursuant to the Committed Load Reduction schedule set forth in Appendix G.

  • In the event that Seller fails to achieve the Committed Load Reduction during any Event, the following remedies will apply.

  • Notwithstanding Section 4.9, any changes to the Committed Load Reduction must be mutually agreed upon by the Parties in writing and signed by both parties.

  • Shortfall Damages shall be calculated on an hourly basis as follows: Load Reduction Shortfall = The Committed Load Reduction – Delivered Load Reduction for each Event hour during Measurable Program Hours Shortfall Damages = *** In the event the Shortfall Damages are a negative number than the Shortfall Damages shall be deemed to be zero (-0-) dollars.

  • For each Month during any given Control Season, subject to the provisions of Article Eight, APS shall pay to Seller a Monthly Capacity Payment in exchange for APS’ right to dispatch a Program Event and receive Committed Load Reduction, under the terms of this Agreement in the amounts set forth in Appendix G attached hereto.

  • Subject to the provisions of Sections 4.7 and 4.9, which provide for a change to the Committed Load Reduction, Seller hereby commits to provide, deliver and make available to APS under the Program the Committed Load Reductions set forth in Appendix G.

  • Pursuant to this Agreement and the Appendices attached hereto, Seller shall, in accordance with Good Utility Practice, design, build, own and operate a Direct Load Control System that will, on demand (as defined in the Agreement), provide APS with the ability to achieve the Committed Load Reduction through dispatch of End-Use Equipment at Participating Facilities within the APS metro Phoenix and Yuma service territories.

  • Payment for Fast Start Capability and Load Reduction Capability Subject to Sub-Clause 7.14, NGC shall pay to the Generator a capability payment calculated in accordance with Schedule F Part 1 in respect of each [Gas Turbine Unit] [Pumped Storage Unit] for each Settlement Period when it is declared available by the Generator for Low Frequency Relay initiated or manual response [or for Load Reduction] in accordance with the Grid Code SDC.

  • In order to provide Eastalco an opportunity to attempt to restore the stability of its operations after an emergency, Potomac shall not declare any hour in a Recovery Period to be a Potential Peak Hour nor shall it declare another emergency under Sub-Paragraph 9.1.2. or 9.2; however, Potomac may declare Load Reduction Periods that include hours in a Recovery Period.

  • Such Capacity Retest shall include a retest of each Notification Period of Committed Load Reduction as described in Section 4.3. Buyer shall call the Capacity Retest for each Notification Period after Seller notifies Buyer of its desire for a retest.


More Definitions of Load Reduction

Load Reduction means load ordinarily supplied by the Company that is displaced by use of on-site generation and/or reduced by the Customer at the direction of and for the hours specified by the NYISO under NYISO SCR procedures.
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Load Reduction interruption of Demand by means of Low Frequency Relays;
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Load Reduction means the difference between the baseline and the reduced loading level that constitutes the surplus pollutant-specific reduction generated by a nonpoint source.
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Load Reduction means measures to reduce a Capacity Provider’s consumption of electricity supplied through the SWIS.
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Load Reduction means the provision of Committed Capacity through the reduction of Demand of at least the amount of MW specified in Schedule A, such amount to remain applicable throughout the term of this Agreement.
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Load Reduction refers to a controlled process of electricity reduction in order to curtail the demand on the electricity power system;
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Related to Load Reduction

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Source reduction means any practice that reduces the amount of any hazardous substance, pollutant, or contaminant entering any waste stream or otherwise released into the environment prior to recycling, energy recovery, treatment, or disposal.

  • Waste reduction , or “pollution prevention” means the practice of minimizing the generation of waste at the source and, when wastes cannot be prevented, utilizing environmentally sound on-site or off-site reuse and recycling. The term includes equipment or technology modifications, process or procedure modifications, product reformulation or redesign, and raw material substitutions. Waste treatment, control, management, and disposal are not considered pollution prevention, per the definitions under Part 143, Waste Minimization, of the Natural Resources and Environmental Protection Act (NREPA), 1994 PA 451, as amended.

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Salary Reduction means the amount by which the Participant's Compensation is reduced and applied by the Employer under this Plan to pay for one or more of the Benefits, as permitted for the applicable Component, before any applicable state and/or federal taxes have been deducted from the Participant's Compensation (i.e., on a pre-tax basis).

  • reduction week means a period of seven consecutive days beginning with a Monday and ending with a Sunday;

  • Relief Act Reduction With respect to any Mortgage Loan as to which there has been a reduction in the amount of the interest collectible thereon as a result of the application of the Servicemembers Civil Relief Act, any amount by which interest collectible on such Mortgage Loan for the Due Date in the related Due Period is less than the interest accrued thereon for the applicable one-month period at the Mortgage Interest Rate without giving effect to such reduction.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Relief Act Reductions With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

  • Appraisal Reduction Event With respect to any Serviced Loan, the earliest of (i) the date on which such Serviced Loan becomes a Modified Asset, (ii) the date on which such Serviced Loan is 60 days or more delinquent in respect of any Monthly Payment, which does not include a Balloon Payment, (iii) solely in the case of a delinquent Balloon Payment, (A) the date occurring 60 days after the date on which such Balloon Payment was due (except as described in the immediately following clause (B)) or (B) if the related Mortgagor has delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a refinancing commitment acceptable to the Special Servicer prior to the date 60 days after the Balloon Payment was due, the date occurring 120 days after the date on which the Balloon Payment was due (or such shorter period beyond the date on which that Balloon Payment was due during which the refinancing is scheduled to occur), (iv) the date on which the related Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed and continues for 60 days in such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor is subject to a bankruptcy, insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or similar proceeding, is not dismissed within those 60 days, or (vii) the date on which such Serviced Loan remains outstanding five (5) years following any extension of its maturity date pursuant to Section 3.24 of this Agreement. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Companion Loan(s). If an Appraisal Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Mortgage Loan and any other Serviced Companion Loan(s) included as part of that Serviced Loan Combination. No Appraisal Reduction Event may occur at any time when the aggregate Certificate Balance of all Classes of Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-AB Certificates) has been reduced to zero. The Special Servicer shall notify the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence of any of the foregoing events.

  • Available Flowgate Capability or “AFC” shall mean the rating of the applicable Flowgate less the projected loading across the applicable Flowgate less TRM and CBM. The firm AFC is calculated with only the appropriate Firm Transmission Service reservations (or interchange schedules) in the model, including recognition of all roll-over Transmission Service rights. Non- firm AFC is determined with appropriate firm and non-firm reservations (or interchange schedules) modeled.

  • Reduction in Force means abolition of positions in an agency or part of an agency and the corresponding nondisciplinary removal of affected employees from such positions through separation from employment or through displacement to other positions.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Unscheduled Rebalance means an unscheduled rebalance occurring on a Valuation Date on which the rebalancing mechanism built in the relevant Index or Investment Strategy in respect of a Series of ETP Securities has been triggered by a change in the price of the corresponding Reference Asset of such Index or Investment Strategy by more than the relevant trigger level for the Index or Investment Strategy in accordance with its methodology.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.