Deemed Delivery Forecast definition
Deemed Delivery Forecast means the forecast of the Energy to be produced by the Project prepared by the CAISO or its agent in accordance with the VER Forecasting Program and communicated to the Scheduling Coordinator, which forecast is the last such forecast prepared by the CAISO that does not reflect curtailed production as a result of Economic Dispatch Down periods. As of the Execution Date, such Deemed Delivery Forecast is the CAISO forecast generated through its Resource Specific VER Forecast Usage Report
Deemed Delivery Forecast for (i) a PIRP certified facility means the final forecast of the energy to be produced by the Project as prepared by the CAISO or its agent in accordance with the PIRP Forecasting Program and communicated to the Scheduling Coordinator, which forecast is the last such forecast prepared by the CAISO that does not reflect curtailed production as a result of Economic Dispatch Down periods (as of the Effective Date, such Deemed Delivery Forecast is the final real-time CAISO forecast generated by the CAISO and communicated to Scheduling Coordinator for use in submitting a Schedule for the output of the Project in the Real- Time Market) or (ii) for a non-PIRP certified facility means the Seller’s Day-Ahead Forecast, updated for Outages, which is the expected hourly forecast of the total electric energy production of the Generating Facility (in MWh) as measured by the CAISO-Approved Meter. For a PIRP certified facility, if no such PIRP forecast is available, then the Deemed Delivery Forecast will be determined based upon: (1) the Available Capacity, (2) meteorological data for the Generating Facility during the applicable Settlement Interval(s), or (3) at Buyer’s discretion, Seller’s Day- Ahead Forecast.
Deemed Delivery Forecast means either (a) in the case of an Economic Dispatch Down of the type described in clause (a) of the definition of “Economic Dispatch Down”, the VER Forecast amount during such Economic Dispatch Down Period (or if there is no such VER Forecast available during such Economic Dispatch Down Period, the amount of Generation Facility Bundled Green Energy that Seller could reasonably have delivered to Buyer, but was prevented as a result of Economic Dispatch Down as determined by Buyer in a commercially reasonable manner), or (b) in the case of an Economic Dispatch Down of the type described in clause (b) of the definition of “Economic Dispatch Down”, the Real-Time Forecast during such Economic Dispatch Down Period.