RR Available Volume Sample Clauses
The "RR Available Volume" clause defines the specific quantity of product or resource that the responsible party (often referred to as the "RR") is obligated to make available under the agreement. This clause typically outlines how the available volume is determined, such as through periodic assessments, forecasts, or based on operational capacity, and may set minimum or maximum thresholds. By clearly specifying the amount to be provided, the clause ensures both parties have a mutual understanding of supply expectations, thereby reducing the risk of disputes over delivery obligations and supporting reliable planning for both supplier and recipient.
RR Available Volume. The Available Volume of the Providing Unit to provide RR in a Trading Period in which it is Synchronised or connected to the Power System will be determined from the lesser of:
(a) the value of the reserve obtained from the RR Reserve Characteristic for the Time Weighted Average MW Output or MW Reduction, where the RR Reserve Characteristic has been adjusted to reflect the Time Weighted Average Availability of the Providing Unit (expressed in MW) in the manner described in the example set out in Part 2 of Schedule 9. The relevant value on the RR Reserve Characteristic will be determined from the average MW Output or the average MW Reduction (expressed in MW) over the Trading Period; and
(b) the Declared RR of the Providing Unit.
RR Available Volume. The Available Volume of the Providing Unit to provide RR in a Trading Period in which it is Synchronised or connected to the Power System will be determined from the lesser of: