Forecasting Penalties. The Forecasting Penalty shall be equal to the greater of (A) one hundred fifty percent (150%) of the Contract Price or (B) the absolute value of the Real-Time Price, in each case for each MWh of Energy Deviation outside the Performance Tolerance Band, or any portion thereof, in every hour for which Seller fails to meet the requirements in Section 4.6(c)(i). Settlement of Forecasting Penalties shall occur as set forth in Section 6.1 of this Agreement.
Forecasting Penalties. (i) Subject to Force Majeure, in the event Seller does not in a given hour either (A) provide the access and information required in Section 3.1(l)(i); (B) comply with the installation, maintenance and repair requirements of Section 3.1(l)(iv); or (C) provide the forecast of Available Capacity required in Section 3.4[(b)][(c)](iii), and the sum of Energy Deviations for each of the Settlement Intervals in the given hour exceeded the Performance Tolerance Band defined below, then Seller will be responsible for Forecasting Penalties as set forth below.
Forecasting Penalties. Subject to Force Majeure, in the event Seller does not in a given hour either (A) provide the access and information required in Section 3.1(l)(i); (B) comply with the installation, maintenance and repair requirements of Section 3.1(l)(iv); or (C) provide the forecast of Available Capacity required in Section 3.4(c)(iii), and the sum of Energy Deviations for each of the six Settlement Intervals in the given hour exceeded the Performance Tolerance Band defined below, then Seller will be responsible for Forecasting Penalties as set forth below. The Performance Tolerance Band is five percent (5%) multiplied by Contract Capacity multiplied by one (1) hour.
Forecasting Penalties. Subject to a Force Majeure Event, in the event Seller does not in a given hour provide the forecast required in Section 4.3(d) and Buyer incurs a loss or penalty resulting from its scheduling activities with respect to Facility Energy during such hour, Seller shall be responsible for a Forecasting Penalty for each such hour. Settlement of Forecasting Penalties shall occur as set forth in Article 8 of this Agreement.
Forecasting Penalties. In the event Seller does not in a given hour either: (a) provide the access and information required in Appendix E, Section 1; (b) comply with the installation, maintenance and repair requirements of Appendix E, Section 4; or (c) provide the forecast of Available Capacity required in Appendix D, Section 3, and the sum of Energy Deviations for each of the six Settlement Intervals in the given hour exceeded the Performance Tolerance Band defined below, then Seller will be responsible for Forecasting Penalties as set forth below. The Performance Tolerance Band is five percent (5%) multiplied by Contract Capacity multiplied by one (1) hour (“Performance Tolerance Band”). The Forecasting Penalty shall be equal to one hundred fifty percent (150%) of the Contract Price for each MWh of Energy Deviation outside the Performance Tolerance Band, or any portion thereof, in every hour for which Seller fails to meet the requirements in Section 2.9.3 (“Forecasting Penalty”).
Forecasting Penalties. 10.5.1. In the event that the electrical power generated by the Facility and metered by the CEB Meter at the Point of Delivery is not within the Forecast Tolerance of the Revised Forecast, Seller shall be liable for penalties calculated in accordance with Clause 10.5.3.
Forecasting Penalties. (i) In the event Seller fails to (A) provide the access and information required in Section 3.1(l)(i); (B) comply with the installation, maintenance and repair requirements of Section 3.1(l)(iv); or (C) provide the forecast of Available Capacity as required in Section 3.4(c)(iii), then Buyer shall promptly provide Notice to Seller of such failure. If such failure is with respect to subclause
Forecasting Penalties. Subject to a Force Majeure Event, in the event Seller does not in a given hour provide the forecast required in Section 4.3(d) and Buyer incurs a loss or penalty resulting from its scheduling activities with respect to Facility Energy during such hour, Seller shall be responsible for a Forecasting Penalty for each such hour. Settlement of Forecasting Penalties shall occur as set forth in Article 8 of this Agreement. CAISO Tariff Requirements. Seller shall comply with all applicable CAISO Tariff procedures, protocols, rules and testing as necessary for Buyer to submit Bids for Facility Energy produced by the Facility. In addition, Seller will comply with all applicable obligations for Variable Energy Resources under the CAISO Tariff and the Eligible Intermittent Resource Protocol, including providing appropriate operational data and meteorological data, and will fully cooperate with Buyer, Buyer’s SC, and CAISO, in providing all data, information, and authorizations required thereunder.
Forecasting Penalties. Subject to Force Majeure, in the event Seller does not in a given hour either (i) provide any of the relevant access and information required in Section 7.3 or in the Scheduling and Forecasting Protocol or (ii) provide the forecast of Available Capacity required in Section 7.3 and in the Scheduling and Forecasting Protocol, then Buyer will pass through to Seller the cost of any Imbalance Energy charges or CAISO Penalties that result from such failures (the “Forecasting Penalties”). Settlement of Forecasting Penalties shall occur as set forth in Section 11.1 of this Agreement.
Forecasting Penalties. In the event that the electrical power generated by the Facility and metered by the CEB Meter at the Point of Delivery is not within the Forecast Tolerance of the Revised Forecast, The Facility Owner shall be liable for penalties calculated in accordance with Clause 24.5.
