Over-Scheduling Adjustment Clause Samples
The Over-Scheduling Adjustment clause defines how parties will address situations where scheduled resources, such as energy or capacity, exceed agreed-upon limits. Typically, this clause outlines the process for identifying over-scheduling, calculating the excess, and determining any financial or operational adjustments, such as penalties or compensation, that may result. Its core function is to ensure fairness and accountability by providing a clear mechanism for managing and rectifying instances of over-scheduling, thereby preventing disputes and maintaining system reliability.
Over-Scheduling Adjustment. If during any Settlement Interval the Scheduled Amount is greater than the SC Trade Tolerance Band plus the Metered Energy, and the Real-Time Price is less than the Day-Ahead Price payable during the Settlement Interval; Then Seller’s monthly payment amount shall be reduced by each Over-Scheduling Settlement Interval Adjustment Amount calculated by the following formula: OVER-SCHEDULING SETTLEMENT INTERVAL ADJUSTMENT AMOUNT = [B – A] x [C – D] Where A = The Metered Energy in the Settlement Interval being calculated. B = The Scheduled Amount in the Settlement Interval being calculated. C = Day-Ahead Price for the Settlement Interval being calculated in $/kWh. D = Real-Time Price for the Settlement Interval being calculated in $/kWh. No over-scheduling adjustment shall be assessed against Seller for a Settlement Interval in which the Scheduled Amount is greater than the SC Trade Tolerance Band plus the Metered Energy if, during such Settlement Interval, the Real-Time Price is greater than or equal to the Day-Ahead Price payable during the Settlement Interval. [SELLER’S NAME] [BUYER’S NAME] All Notices are deemed provided in accordance with Section 9.07 if made to the address, facsimile numbers or e-mail addresses provided below: All Notices are deemed provided in accordance with Section 9.07 if made to the address, facsimile numbers or e-mail addresses provided below: Contract Sponsor: Attn: Street: City: Phone: Facsimile: E-mail: Reference Numbers: Duns: Federal Tax ID Number: