Contracted Demand Reduction definition

Contracted Demand Reduction or “CDR” means the Electricity demand, expressed in MW, and which shall be no less than 1.0 MW, and which the Supplier is capable of curtailing at a given time during Callable Hours in response to Operational Directives based on the operation of the Project as a direct result of the Control Equipment or DR Measures, as set out in Exhibit B, York Region DR Contract Released November 30, 2005 100% of which is applicable during Callable Hours from 10:00 a.m. to 6:00 p.m. (local time) and 75% of which is applicable during all Callable Hours other than 10:00 a.m. to 6:00 p.m. (local time). For certainty, if the Project consists of an aggregation of multiple Loads, then the Contracted Demand Reduction shall be comprised of the Electricity demand that will be curtailed in respect of the aggregate of such Loads.
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Contracted Demand Reduction or “CDR” means the Electricity demand, expressed in MW and which shall be no less than 5 MW in at least one Season, that will be curtailed by the Supplier in a given Season based on the operation of the DR Project and as a direct result of the Control Equipment, as set out in Exhibit B. For certainty, if the DR Project consists of an aggregation of multiple Loads, then the Contracted Demand Reduction shall be comprised of the Electricity demand that will be curtailed in respect of the aggregate of such Loads.
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Examples of Contracted Demand Reduction in a sentence

  • To the extent that the amount of the Guarantee requirement increases or decreases from time to time in accordance with this Article 5, the amount of the Letter of Credit shall correspondingly be required to be decreased or increased, respectively, so that the total amount of the Completion and Performance Security held by the Buyer at all times from and after the Term Commencement Date remains in an aggregate amount equal to $25,000 per MW of Maximum Contracted Demand Reduction.

  • The Supplier is liable for and shall pay, or cause to be paid, or reimburse the Buyer if the Buyer has paid, all Taxes applicable to the supply of the Contracted Demand Reduction which relate to DR Project.

  • The Supplier is liable for and shall pay, or cause to be paid, or reimburse the Buyer if the Buyer has paid, all Taxes applicable to the supply of the Contracted Demand Reduction which relate to Project.

  • If the total amount of Electricity curtailed by the Project for the six (6) continuous hours of the Final Capacity Test, as stated in the Verification Certificate, divided by the number of hours in such check test (which result shall be an “Average Test Curtailment” as calculated pursuant to Section 13.6(d)), is less than the Contracted Demand Reduction, then this shall be considered a Supplier Event of Default.

  • The Supplier acknowledges and agrees that the Contracted Demand Reduction and the meter data, as measured by the Capacity Test, shall not be adjusted for ambient, weather, or other conditions whatsoever.

  • If the Buyer has agreed to a reduction in the Maximum Contracted Demand Reduction pursuant to Section 2.1(b)(i), then the amount of Completion and Performance Security shall be reduced in accordance with this Section 5.

  • The Supplier shall provide security to the Buyer upon execution of this Agreement for the performance of the Supplier’s obligations under this Agreement, in an amount equal to $50,000 per MW of Maximum Contracted Demand Reduction and in the form described in Section 5.2 (the “Completion and Performance Security”).

  • This requirement shall be evaluated based on the meter data as measured by the DR Project’s meters, and shall be satisfied if the energy reduction in each of the six (6) hours (in MWh), divided by one hour, is equal to or greater than the Contracted Demand Reduction.

  • Effective upon the Term Commencement Date, and provided that the Buyer has determined that any liquidated damages payable by the Supplier under Section 2.3 have been paid by the Supplier, then the amount of the Completion and Performance Security shall be reduced to an amount equal to $25,000 per MW of Maximum Contracted Demand Reduction.

  • Effective upon the Term Commencement Date and provided that the Buyer has determined that any liquidated damages payable by the Supplier under Section 2.3 have been paid by the Supplier, then the amount of the Completion and Performance Security shall be reduced to an amount equal to $10,000 per MW of Maximum Contracted Demand Reduction.