Round Trip Efficiency Sample Clauses
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Round Trip Efficiency. During the Delivery Term, Seller shall maintain the Storage Facility with a Round-Trip Efficiency not less than the applicable guaranteed Round-Trip Efficiency amount set forth on Appendix D (the “Guaranteed Round-Trip Efficiency”). If the Round-Trip Efficiency of the Storage Facility in any month, as determined by the most recent Storage Contract Capacity Test, is less than the Guaranteed Round-Trip Efficiency, then the Contract Price shall be reduced by the product of
(i) the total Charging Energy for such month, multiplied by (ii) the difference between the Guaranteed Round-Trip Efficiency and the Actual Round-Trip Efficiency, multiplied by (iii) [average day-ahead Intercontinental Exchange Mid-C Physical Peak (bilateral) or Mid-C Physical On-Peak (bilateral) indices](the “Guaranteed Round-Trip Efficiency Adjustment”).
Round Trip Efficiency. The round trip efficiency of the ▇▇▇▇ as measured at the Point of Interconnection shall be not less than [________] percent ([___]%). [Note – The percentage for round trip efficiency shall be taken from Seller’s RFP Proposal.]
Round Trip Efficiency. The round trip efficiency of the ▇▇▇▇ as measured at the POI shall be not less than [________] percent ([___]%). [Drafting Note: The percentage for round trip efficiency should be taken from Seller’s response to the RFP.]
Round Trip Efficiency. During the Delivery Term, Seller shall maintain the Storage Facility with an Actual Round-Trip Efficiency greater than the Guaranteed Round- Trip Efficiency values set forth in Exhibit P. Actual Round-Trip Efficiency does not include Station Service. If the Actual Round-Trip Efficiency is below the Guaranteed Round-Trip Efficiency, Seller will pay to Buyer an amount equal to (i) the Charging Energy for the months since the last Storage Capacity Test (including the month in which the most current Storage Capacity Test was completed), multiplied by (ii) the percentage amount by which the Actual Round-Trip Efficiency is less than the Guaranteed Round-Trip Efficiency, multiplied by (iii) the average day-ahead Intercontinental Exchange Mid-C Physical Peak (bilateral) or Mid-C Physical Off-Peak (bilateral) indices, weighted by the count of hours in each index during which Charging Energy was supplied by Buyer to the Point of Delivery (the “Guaranteed Round-Trip Efficiency Adjustment”).
Round Trip Efficiency. The BESSD shall maintain AC to AC roundtrip efficiency (RtE) of system on a monthly basis. Calculation of Round-Trip Efficiency shall be as per the methodology specified in RfS. The BESSD shall be liable for liquidated damages, if any, as per following criteria:
(i) For 70% ≤ RtE < 85% there shall be a liquidated damage levied @ Rs. APPC charge of previous financial year of GUVNL of excess conversion losses considering system RtE = 85%
(ii) For RtE <70%, there shall be a liquidated damage levied @ APPC charge of previous financial year of the Discoms of excess conversion losses considering system RtE = 85% , and tariff payment for the corresponding month shall not be made to the BESSD.
(iii) For RtE > 85%, there shall be incentive @Rs. 0.50 per unit of excess discharge of energy considering system RtE = 85%
Round Trip Efficiency. (i) Guaranteed RTE. Owner guarantees the Project will maintain Round-Trip Efficiency not less than [xx.x]% (“Guaranteed Round-Trip Efficiency”) for the Contract Term, as measured in the Storage Rating Tests described in Exhibit C.
(ii) RTE Liquidated Damages. If the Round-Trip Efficiency is less than the Guaranteed Round-Trip Efficiency, then Owner shall owe NYSEG liquidated damages equal to, for each hour: (Guaranteed Round-Trip Efficiency – Round-Trip Efficiency) x LBMP at time of charging x Charging Energy Where:
Round Trip Efficiency. The BESSD shall maintain AC to AC roundtrip efficiency (RtE) of system on a monthly basis. Calculation of Round-Trip Efficiency shall be as per the methodology specified in RfS. The BESSD shall be liable for liquidated damages, if any, as per following criteria:
(a) For RtE <70%, there shall be a liquidated damage @ 1.5 times of the average Market Clearing Price(MCP) in peak hour (1830Hrs – 2030Hrs) in Day ahead Market (DAM) of Power Exchange for corresponding billing month period, levied upon the excess conversion losses, considering system RtE = 85% and tariff payment for the corresponding month shall not be made to the BESSD;
(b) For 70% ≤ RtE < 85%, there shall be a liquidated damage levied @ 1.5 times of the average Market Clearing Price(MCP) in peak hour (1830Hrs – 2030Hrs) in Day ahead Market (DAM) of Power Exchange for corresponding billing month period, levied upon excess conversion losses considering system RtE = 85%.
(c) For RtE > 85%, there shall be incentive @Rs. 0.50 per unit of excess discharge of energy considering system RtE = 85% Note: Average Market Clearing Price (MCP) in peak hour (1830Hrs – 2030Hrs) for Day Ahead Market (DAM) shall be of the Power Exchange having 80% or more volume in the DAM, applicable for the month of dispatch. In case no exchange has volume equal to or more than 80%, the monthly weighted average of all power exchanges shall be taken for determining peak hour prices.
Round Trip Efficiency. The round trip efficiency of the ▇▇▇▇ as measured and calculated in accordance with Attachment W (▇▇▇▇ Tests) shall be not less than [________] percent ([___]%). [
Round Trip Efficiency. The BESSD shall maintain AC to AC roundtrip efficiency (RtE) of system on a monthly basis. Calculation of Round-Trip Efficiency shall be as per the methodology specified in Schedule- A.
Round Trip Efficiency