Availability Factor definition

Availability Factor or “AFm” has the meaning set forth in Section 6.2(c).

Availability Factor means, for any Settlement Interval, the ratio, equal to (i) the lowest capacity in MW provided by the Storage Facility during such Settlement Interval (not to exceed the Storage Contract Capacity) divided by (ii) the Storage Contract Capacity; provided that, if the Availability Factor for any Settlement Interval is less than 70%, then the Availability Factor for such Settlement Interval shall be deemed to be 0; and provided further that, if the Storage Facility is incapable of providing the Storage Contract Capacity during such Settlement Interval due to Force Majeure or a Planned Outage, then the Availability Factor for such Settlement Interval shall be deemed to be 1.00.

Availability Factor for any applicable Service shall have the meaning set forth in the Product Supplement for such Service.

Examples of Availability Factor in a sentence

• The reduction will be linear; with a 2% reduction in the Incentive Factor payment for every 1% of the Hourly Rolling Equivalent Availability Factor less than the Target Availability stated in the RMR Agreement.

• For an FFSSR, a Force Majeure Event will be treated the same as any other cause for unavailability for the purposes of calculating the FFSSR’s FFSS Hourly Rolling Equivalent Availability Factor and for paragraphs (9) through (15) above.

• Failed to maintain an Hourly Rolling Equivalent Availability Factor greater than or equal to 50%.

• ERSAFHRS qced for the ERS Contract Period shall be calculated using the following formula:ERSAFHRS qced = AFHOURS qced / HOURS qse(tp)dThe above variables are defined as follows:Variable Unit Description ERSAFHRS qced None The ratio of Availability Factor Hours (AFHOURS qced) to the total awarded hours in the ERS Standard Contract Term s for ERS Resource e per ERS service type d.

• Failure to maintain an Hourly Rolling Equivalent Availability Factor greater than or equal to 50%.

More Definitions of Availability Factor

Availability Factor means the ratio of the Cumulative Average Availability and the Normative Plant Load Factor

Availability Factor has the meaning set forth in Appendix XIV. [For Dispatchable Product only]

Availability Factor means the ratio of the time a generating facility is available to produce energy at its rated capacity, to the total amount of time in the period being measured.

Availability Factor. For each LD Period, the availability factor for the Facility calculated as provided in Section 2.5(a) (Calculation of Availability Factor) of this Agreement.

Availability Factor or “AF” means, for a given Billing Period, the hours during which the Facility was available for operation divided by the total hours during such given Billing Period, expressed as a three-place decimal, as computed in accordance with the following equation: n PH − ∑ EDHi AF = i=1 PH where:

Availability Factor means the percentage of hours a power generation unit is available for generation of electricity in the relevant period, whether or not the unit is actually dispatched or used for generating power;

Availability Factor means, for any Settlement Interval, the ratio, equal to (i) the average available capacity during such Settlement Interval (not to exceed the Contract Storage Capacity) divided by (ii) the Contract Storage Capacity; provided that, if the Storage Facility is incapable of providing the Contract Storage Capacity during such Settlement Interval due to Seller Excused Hour, then the Availability Factor for such Settlement Interval shall be deemed to be 1.00.