Peak Load Sample Clauses
The Peak Load clause defines the maximum level of demand or usage that a party is permitted to place on a service, system, or resource during a specified period. In practice, this clause sets a cap on the amount of electricity, bandwidth, or other measurable resource that can be consumed at any one time, often with provisions for monitoring and penalties if the limit is exceeded. Its core function is to ensure system stability and prevent overloading by clearly allocating usage limits and managing expectations between the parties.
Peak Load. Work during a peak load, which existing staffing level is unable to cover in a timely manner without substantial disruption of workload assignment.
Peak Load. The amount of electricity required during periods of highest demand. Peak periods fluctuate by season, generally occurring in the morning hours in winter and in late afternoon during the summer. Portfolio. A collection of assets, liabilities, transactions, or trades. Regional Transmission Organization (RTO). An independent entity which is established to have “functional control” over utilities’ transmission systems, in order to expedite transmission of electricity. RTO’s typically operate markets within their territories. Reliability Must Run. Generation that an ISO determines is required to be on-line to meet applicable reliability criteria requirements. Residue Gas. Gas remaining after the processing of natural gas.