Availability Incentive Clause Samples
The Availability Incentive clause establishes a system of rewards or penalties based on the level of availability of a service, asset, or facility. Typically, this clause sets specific performance targets—such as minimum uptime percentages or hours of operation—and outlines financial incentives for exceeding these targets or deductions for falling short. Its core practical function is to motivate the service provider to maintain high levels of availability, thereby ensuring reliability and minimizing downtime for the client or end users.
Availability Incentive. The baseline used to calculate the Availability Incentive each RMR Generator that is being compensated under an APR is eligible to recover is set forth in the table below. The incentive shall be calculated in accordance with Rate Schedule 8 to the Services Tariff. The ISO shall use each RMR Generator’s actual availability and the baseline specified in the table below to determine the incentive (if any) it shall pay for availability over a six-month Capability Period. [ADD TABLE SPECIFYING THE AVAILABILITY BASELINE FOR EACH RMR GENERATOR.]
Availability Incentive. The Availability Incentive is the fee payable by Western Power to the Participant in consideration for offering and having available the Flexibility Service during each Event. The Availability Incentive is payable monthly subject to the Participant:
(a) satisfying Western Power that a Premises had participated in an Event in accordance with clause 17; and
(b) issuing an invoice to Western Power for the Availability Incentive in accordance with clause 23. The weighting of the Availability Incentive will be calculated as follows: $ = ( ) Where: AI = the Availability Incentive D = Bid Rate ($per MW) E = the number of Events specified in the Schedule 1
Availability Incentive. The method ofbaseline used to calculating calculate the Availability Incentive each RMR Generator that is being compensated under an APR is eligible to recover is set forth in the table below. The incentive shall be calculated in accordance with Rate Schedule 8 to the Services Tariff. The ISO shall use each RMR Generator’s actual availability and the baseline specified in the table below to determine the incentive (if any) it shall pay for availability over a six-month Capability seasonPeriod. [ADD TABLE SPECIFYING THE AVAILABILITY BASELINE AND ALL OTHER ASPECTS OF HOW THE AVAILABILITY INCENTIVE WILL BE CALCULATED FOR EACH RMR GENERATOR.]