Bid Block definition

Bid Block means a block(s) of load awarded to Seller in accordance with Buyer's RFP as set forth in a Transaction Confirmation.
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Bid Block means a fixed percentage share of load for a Service Type that is awarded to Seller in accordance with Buyer's RFP as set forth in a Transaction Confirmation. The fixed percentage defines the Bid Block size for each of the Company’s Service Types.
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Examples of Bid Block in a sentence

  • The Base Load Percentage shall equal 100% if the PLC Per Bid Block is less than or equal to the Base PLC Per Bid Block plus five (5) megawatts.

  • Subsequent to the determination of the Base PLC Per Bid Block, and on each Business Day thereafter, Buyer shall determine the Capacity PLC, stated in megawatts, associated with each Bid Block in each Transaction (“PLC Per Bid Block”).

  • On any Business Day when the PLC Per Bid Block is equal to or less than the Base PLC Per Bid Block minus three (3) megawatts, a new Base PLC Per Bid Block shall be established and shall equal the Base PLC Per Bid Block in effect the day prior to such event, minus three (3) megawatts for each whole multiple of three (3) megawatts that the PLC Per Bid Block is below the prior day Base PLC Per Bid Block.

  • Upon the first day of the Delivery Period, Buyer shall determine the Capacity PLC, stated in megawatts, associated with each Bid Block in each Transaction (“Base PLC Per Bid Block”).

  • The Base Load Percentage shall equal the product of: (i) the quotient of the Base PLC Per Bid Block plus five (5) megawatts and the PLC Per Bid Block; and (ii) 100 if the PLC Per Bid Block is greater than the Base PLC Per Bid Block plus five (5) megawatts.

  • At any time the Capacity PLCs are re-determined by the Buyer in accordance with the PJM Agreements, Buyer shall negate the effect of such re-determination on the PLC Per Bid Block.

  • Accordingly, the daily determination of PLC Per Bid Block subsequent to each such PLC re-determination, shall equal the PLC per bid block computed by Buyer each day using the re-determined PLCs (“Unadjusted PLC Per Bid Block”) minus the difference of: (i) Unadjusted PLC Per Bid Block computed by Buyer on the day such re-determined PLCs become effective; and (ii) the PLC Per Bid Block determined on the day prior to the re-determined PLCs becoming effective.

  • Such new Base PLC Per Bid Block shall replace the prior Base PLC Per Bid Block in all aspects of determining the Residential and Type I Base Load Percentages subsequent to such new Base PLC Per Bid Block becoming effective.

  • Between: Edgewater Casino LP And: Re: IMPLEMENTATION OF THE NEW APPENDIX A AND NEW SCHEDULING & BID BLOCK SYSTEM This letter is intended to recognize the magnitude and degree of change encompassed by the new Appendix “A” and the new Scheduling & Bid Block System in the 2007 – 2010 collective agreement.

  • Should any problems arise with the implementation and/or interpretation of the new Appendix “A” and the new Scheduling & Bid Block System during the term of the 2007 – 2010 collective agreement, and the parties are unable to resolve the matter, including exhausting the grievance procedure, the disputed matter shall be referred to ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇ for resolution.

Related to Bid Block

  • Bid Bond means the unconditional and irrevocable bank guarantee to be submitted along with the Bid by the Bidder under Clause of this RFP, in the prescribed Format;

  • Competitive solicitation means a formal, advertised procurement process, other than an Invitation to Bid, Request for Proposals, or Invitation to Negotiate, approved by the Board to purchase commodities and/or services which affords vendors fair treatment in the competition for award of a District purchase contract.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit D-4.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.