Examples of Load Reduction Event in a sentence
If the Company calls a Firm Load Reduction Event on a pre-scheduled opt-out day, the Customer is exempt from providing Firm Load Reduction and will receive no Energy Payment, whether or not they choose to operate.
Following a Load Reduction Event that is submitted to the Office of the Interconnection for compensation, the Office of the Interconnection shall provide the Notification window(s), if applicable, directly metered data and Customer Baseline Load and Symmetric Additive Adjustment calculation to the appropriate electric distribution company for optional review.
The Company will not cancel or shorten the duration of a Firm Load Reduction Event once notification has been provided.
If the Company calls a Load Reduction Event on a pre-scheduled opt-out day, the Customer is exempt from providing load reduction and receives no Firm Energy Reduction Payment, whether or not they choose to operate.
The Company is not responsible for any consequences to the participating Customer that results from the Firm Load Reduction Event or the Customer’s effort to reduce Energy in response to a Firm Load Reduction Event.
If the Customer qualifies for a reduced Reservation Payment; the Qualified Load Reduction is the average load reduction percentage for all Load Reduction Event hours during that month.
If the Customer fails to deliver a minimum of 70% of the Committed Load Reduction on average during any single event for which the Customer is enrolled during events in that month, the Customer is not eligible for the Energy Payment for that Load Reduction Event nor the Reservation Payment for that month.
Evaluation and settlement of the Firm Energy Reduction Payment will occur within 60 days of the Firm Load Reduction Event.
If other Load Reduction Events are called in the same month, and the Customer delivers a minimum of 70% of the Committed Load Reduction during such events, the corresponding Energy Reduction Payments are paid for each Load Reduction Event that the Customer delivers a minimum of 70% of the Committed Load Reduction on average over each event for which the Customer is enrolled during events in that month.
DEFINITIONS Advance-Notice Option – The notification period in which the Company will alert the Customer prior to a Load Reduction Event; options include 18 hours, 4 hours, and 10 minutes.