Common use of Operating Reserves Clause in Contracts

Operating Reserves. Contingency Reserves, in the amount of 3% of the Purchaser’s in-hour maximum operating capability, are programmatically withheld from the Purchaser’s slice. Reserves will be deployed by the District’s BA on behalf of the Purchaser as needed, for example, as requested from the Northwest Power Pool (NWPP). In-hour, if Purchaser exceeds 97% of the Purchaser’s in-hour maximum operating capability, the Purchaser will reimburse the District for the deficit megawatts. The District will charge the Purchaser for these reserves in the amount of four times the absolute value of the Powerdex Mid-Columbia weighted average Hourly Index for the corresponding hour and will be settled monthly. For each qualifying event under the NWPP Reserve Sharing Group (RSG), the District’s BA may call on reserves from the RSG. The Purchaser’s schedules for the 60 minutes following the event will be maintained by either the use of reserves or by restoring generation. Purchaser shall reduce their generation request to 97% of their new in-hour maximum operating capacity in the case that generation is not restored for the balance of the hour following the conclusion of the qualifying reserve event. Reserve costs incurred by the District will be reimbursed by the Purchaser on a prorated (as the Purchaser’s proportion of PRPO) basis. Previously approved e-Tags for subsequent hours shall be adjusted by the Purchaser to remain within 97% of the Purchaser’s forecasted maximum operating capability and 100% of the Purchaser’s forecasted minimum operating capability. Non-Compliant Requests: Purchaser shall neither schedule/e-Tag more than 97% of their forecasted maximum operating capability nor less than 100% of their forecasted minimum generation requirement by thirty-minutes prior to the start of any operating hour. If Purchaser fails to meet either requirement by thirty-minutes prior to the start of any operating hour, they will be deemed non-compliant; the District may create an after-the-fact e-Tag and initiate an associated purchase or sale transaction to bring the Purchaser within their slice of PRPO rights and obligations, specifically within 97% of their forecasted maximum operating capability and 100% of their forecasted minimum generation requirement. Inside the hour, if Purchaser’s composite schedule exceeds 97% of their in-hour maximum operating capability and there is insufficient energy available from the market to supply the excess energy, the District will request that Purchaser curtail their schedule for the scheduled amount in excess of 97% of their in-hour maximum operating capability. Inside the hour, if Purchaser’s composite schedule fails to meet their minimum generation obligation, a sale may be initiated on their behalf to balance the obligation. Purchaser shall not receive payment for the energy sold on their behalf. The charge for non-compliant transactions will be four times the absolute value of the Powerdex (│Powerdex│) Mid-Columbia weighted average Hourly Index for the corresponding hour, and will be settled monthly.

Appears in 3 contracts

Samples: www.grantpud.org, www.grantpud.org, www.grantpud.org

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Operating Reserves. Contingency Reserves, in the amount of 3% of the Purchaser’s in-hour maximum operating capability, are programmatically withheld from the Purchaser’s slice. Reserves will be deployed by the District’s BA on behalf of the Purchaser as needed, for example, as requested from the Northwest Power Pool (NWPP). In-hour, if Purchaser exceeds 97% of the Purchaser’s in-hour maximum operating capability, the Purchaser will reimburse the District for the deficit megawatts. The District will charge the Purchaser for these reserves in the amount of four times the absolute value of the Powerdex Mid-Columbia weighted average Hourly Index for the corresponding hour hour, and will be settled monthly. For each qualifying event under the NWPP Reserve Sharing Group (RSG), the District’s BA may call on reserves from the RSG. The Purchaser’s schedules for the 60 minutes following the event will be maintained by either the use of reserves or by restoring generation. Purchaser shall reduce their generation request to 97% of their new in-hour maximum operating capacity in the case that generation is not restored for the balance of the hour following the conclusion of the qualifying reserve event. Reserve costs incurred by the District will be reimbursed by the Purchaser on a prorated (as the Purchaser’s proportion of PRPO) basis. Previously approved e-Tags for subsequent hours shall be adjusted by the Purchaser to remain within 97% of the Purchaser’s forecasted maximum operating capability and 100% of the Purchaser’s forecasted minimum operating capability. Non-Compliant Requests: Purchaser shall neither schedule/e-Tag more than 97% of their forecasted maximum operating capability nor less than 100% of their forecasted minimum generation requirement by thirty-minutes prior to the start of any operating hour. If Purchaser fails to meet either requirement by thirty-minutes prior to the start of any operating hour, they will be deemed non-compliant; the District may create an after-the-fact e-Tag and initiate an associated purchase or sale transaction to bring the Purchaser within their slice of PRPO rights and obligations, specifically within 97% of their forecasted maximum operating capability and 100% of their forecasted minimum generation requirement. Inside the hour, if Purchaser’s composite schedule exceeds 97% of their in-hour maximum operating capability and there is insufficient energy available from the market to supply the excess energy, the District will request that Purchaser curtail their schedule for the scheduled amount in excess of 97% of their in-hour maximum operating capability. Inside the hour, if Purchaser’s composite schedule fails to meet their minimum generation obligation, a sale may be initiated on their behalf to balance the obligation. Purchaser shall not receive payment for the energy sold on their behalf. The charge for non-compliant transactions will be four times the absolute value of the Powerdex (│Powerdex│) Mid-Columbia weighted average Hourly Index for the corresponding hour, and will be settled monthly.

Appears in 1 contract

Samples: www.grantpud.org

Operating Reserves. Contingency Reserves, in the amount of 3% of the Purchaser’s in-hour maximum operating capability, are programmatically withheld from the Purchaser’s slice. Reserves will be deployed by the District’s BA on behalf of the Purchaser as needed, for example, as requested from the Northwest Power Pool (NWPP). In-hour, if Purchaser exceeds 97% of the Purchaser’s in-hour maximum operating capability, the Purchaser will reimburse the District for the deficit megawatts. The District will charge the Purchaser for these reserves in the amount of four times the absolute value of the Powerdex Mid-Columbia weighted average Hourly Index for the corresponding hour hour, and will be settled monthly. For each qualifying event under the NWPP Reserve Sharing Group (RSG), the District’s BA may willmay call on reserves from the RSG. The Purchaser’s schedules for the 60 minutes following the event will be maintained by either the use of reserves or by restoring generation. Purchaser shall reduce their generation request to 97% of their new in-hour maximum operating capacity in the case that generation is not restored for the balance of the hour following the conclusion of the qualifying reserve event. Reserve costs incurred by the District will be reimbursed by the Purchaser on a prorated (as the Purchaser’s proportion of PRPO) basis. Previously approved e-Tags for subsequent hours shall be adjusted by the Purchaser to remain within 97% of the Purchaser’s forecasted maximum operating capability and 100% of the Purchaser’s forecasted minimum operating capability. Non-Compliant Requests: Purchaser shall neither schedule/e-Tag more than 97% of their forecasted maximum operating capability nor less than 100% of their forecasted minimum generation requirement by thirty-minutes prior to the start of any operating hour. If Purchaser fails to meet either requirement by thirty-minutes prior to the start of any operating hour, they will be deemed non-compliant; the District may create an after-the-fact e-Tag and initiate an associated purchase or sale transaction to bring the Purchaser within their slice of PRPO rights and obligations, specifically within 97% of their forecasted maximum operating capability and 100% of their forecasted minimum generation requirement. Inside the hour, if Purchaser’s composite schedule exceeds 97% of their in-hour maximum operating capability and there is insufficient energy available from the market to supply the excess energy, the District will request that Purchaser curtail their schedule for the scheduled amount in excess of 97% of their in-hour maximum operating capability. Inside the hour, if Purchaser’s composite schedule fails to meet their minimum generation obligation, a sale may be initiated on their behalf to balance the obligation. Purchaser shall not receive payment for the energy sold on their behalf. The charge for non-compliant transactions will be four times the absolute value of the Powerdex (│Powerdex│) Mid-Columbia weighted average Hourly Index for the corresponding hour, and will be settled monthly.

Appears in 1 contract

Samples: www.grantpud.com

Operating Reserves. Contingency Reserves, in the amount of 3% of the Purchaser’s in-hour maximum operating capability, are programmatically withheld from the Purchaser’s slice. Reserves will be deployed by the District’s BA on behalf of the Purchaser as needed, for example, as requested from the Northwest Western Power Pool (NWPPWPP). In-hour, if Purchaser exceeds 97% of the Purchaser’s in-hour maximum operating capability, the Purchaser will reimburse the District for the deficit megawatts. The District will charge the Purchaser for these reserves in the amount of four times the absolute value of the Powerdex Mid-Columbia weighted average Hourly Index for the corresponding hour and will be settled monthly. For each qualifying event under the NWPP WPP Reserve Sharing Group (RSG), the District’s BA may call on reserves from the RSG. The Purchaser’s schedules for the 60 minutes following the event will be maintained by either the use of reserves or by restoring generation. Purchaser shall reduce their generation request to 97% of their new in-hour maximum operating capacity in the case that generation is not restored for the balance of the hour following the conclusion of the qualifying reserve event. Reserve costs incurred by the District will be reimbursed by the Purchaser on a prorated (as the Purchaser’s proportion of PRPO) basis. Previously approved e-Tags for subsequent hours shall be adjusted by the Purchaser to remain within 97% of the Purchaser’s forecasted maximum operating capability and 100% of the Purchaser’s forecasted minimum operating capability. Non-Compliant Requests: Purchaser shall neither schedule/e-Tag more than 97% of their forecasted maximum operating capability nor less than 100% of their forecasted minimum generation requirement by thirty-minutes prior to the start of any operating hour. If Purchaser fails to meet either requirement by thirty-minutes prior to the start of any operating hour, they will be deemed non-compliant; the District may create an after-the-fact e-Tag and initiate an associated purchase or sale transaction to bring the Purchaser within their slice of PRPO rights and obligations, specifically within 97% of their forecasted maximum operating capability and 100% of their forecasted minimum generation requirement. Inside the hour, if Purchaser’s composite schedule exceeds 97% of their in-hour maximum operating capability and there is insufficient energy available from the market to supply the excess energy, the District will request that Purchaser curtail their schedule for the scheduled amount in excess of 97% of their in-hour maximum operating capability. Inside the hour, if Purchaser’s composite schedule fails to meet their minimum generation obligation, a sale may be initiated on their behalf to balance the obligation. Purchaser shall not receive payment for the energy sold on their behalf. The charge for non-compliant transactions will be four times the absolute value of the Powerdex (│Powerdex│) Mid-Columbia weighted average Hourly Index for the corresponding hour, and will be settled monthly.

Appears in 1 contract

Samples: www.grantpud.org

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Operating Reserves. Contingency Reserves, in the amount of 3% of the Purchaser’s in-hour maximum operating capability, are programmatically withheld from the Purchaser’s slice. Reserves will be deployed by the District’s BA on behalf of the Purchaser as needed, for example, as requested from the Northwest WesternNorthwest Power Pool (NWPP). In-hour, if Purchaser exceeds 97% of the Purchaser’s in-hour maximum operating capability, the Purchaser will reimburse the District for the deficit megawatts. The District will charge the Purchaser for these reserves in the amount of four times the absolute value of the Powerdex Mid-Columbia weighted average Hourly Index for the corresponding hour and will be settled monthly. For each qualifying event under the NWPP Reserve Sharing Group (RSG), the District’s BA may call on reserves from the RSG. The Purchaser’s schedules for the 60 minutes following the event will be maintained by either the use of reserves or by restoring generation. Purchaser shall reduce their generation request to 97% of their new in-hour maximum operating capacity in the case that generation is not restored for the balance of the hour following the conclusion of the qualifying reserve event. Reserve costs incurred by the District will be reimbursed by the Purchaser on a prorated (as the Purchaser’s proportion of PRPO) basis. Previously approved e-Tags for subsequent hours shall be adjusted by the Purchaser to remain within 97% of the Purchaser’s forecasted maximum operating capability and 100% of the Purchaser’s forecasted minimum operating capability. Non-Compliant Requests: Purchaser shall neither schedule/e-Tag more than 97% of their forecasted maximum operating capability nor less than 100% of their forecasted minimum generation requirement by thirty-minutes prior to the start of any operating hour. If Purchaser fails to meet either requirement by thirty-minutes prior to the start of any operating hour, they will be deemed non-compliant; the District may create an after-the-fact e-Tag and initiate an associated purchase or sale transaction to bring the Purchaser within their slice of PRPO rights and obligations, specifically within 97% of their forecasted maximum operating capability and 100% of their forecasted minimum generation requirement. Inside the hour, if Purchaser’s composite schedule exceeds 97% of their in-hour maximum operating capability and there is insufficient energy available from the market to supply the excess energy, the District will request that Purchaser curtail their schedule for the scheduled amount in excess of 97% of their in-hour maximum operating capability. Inside the hour, if Purchaser’s composite schedule fails to meet their minimum generation obligation, a sale may be initiated on their behalf to balance the obligation. Purchaser shall not receive payment for the energy sold on their behalf. The charge for non-compliant transactions will be four times the absolute value of the Powerdex (│Powerdex│) Mid-Columbia weighted average Hourly Index for the corresponding hour, and will be settled monthly.

Appears in 1 contract

Samples: www.grantpud.org

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