Adjustment Value definition
Examples of Adjustment Value in a sentence
The total nameplate capacity in kW of the Customer’s resource(s) will be used as the Default Adjustment Value (DAV) to adjust the Demand Response incentives / charge for the Customer’s account.
For condition (3), this Default Adjustment Value will be subtracted from the Potential Load Reduction or Nominated Capacity.
Customers must agree to a default adjustment in which the amount of Product such Customer can provide is reduced by the Default Adjustment Value, regardless of whether the Prohibited Resource was actually used.
Seller shall include provisions in its contracts with non-Residential Customers permitting updates to their attestations to (1) add, remove or modify an on-site Prohibited Resource; (2) change the status or use of a Prohibited Resource to reduce load during any Dispatch; or (3) change the Default Adjustment Value, but only if, in each case, the change is supported by documentation that confirms the operational change and can be verified by a Verification Administrator.
Such notice shall describe in reasonable detail the Title Defect, including W&T’s calculation of the Adjustment Value of the Leases(s) or Unit(s) affected by the Title Defect, W&T’s calculation of the reduction in the Base Merger Consideration for the Title Defect (the “Title Defect Value”), and include all data and information in W&T’s possession or control bearing thereon.