Forward Capacity Commitment Clause Samples

Forward Capacity Commitment. 1.1. B.C. Hydro will make available to Powerex a minimum quantity of capacity forming part of the Residual System Capability in the months of March to October of each year from 2024 until and including 2055 (the “Capacity Period”), or in such other months or during such other Capacity Period as may be agreed by the parties from time to time, to support firm exports of electricity by Powerex (collectively, the “Forward Capacity Commitment”), subject to the following: 1.1.1. B.C. Hydro’s obligation to make the quantity of capacity available to Powerex under the Forward Capacity Commitment on the terms set out in this Agreement will be subject to an aggregate maximum quantity limit of 1000MW and Powerex having notified B.C. Hydro of the amount of capacity pursuant to the Forward Capacity Commitment that it requires and the relevant term; 1.1.2. In the months of March, April, May and October, the aggregate maximum quantity limit of 1000MW will be reduced by the amount (in MW) of the capacity component of the Canadian Entitlement in the applicable month and year.