EFOR definition
Examples of EFOR in a sentence
If a Force Majeure event(s) occurs, the Force Majeure period shall not count for the purposes of calculating EFOR to compute Liquidated Damages or Event of Default criteria, but only to the extent that Seller’s inability to perform is caused by one (1) or more Force Majeure event(s).
These event types are all contributors to the FOR & EFOR calculations in the reports section.
However, the Facility’s production and delivery of energy prior to the scheduled ending date of the planned outage shall have no effect on the calculation of EAF, EFOR or the Capacity Charge.
EXECUTION VERSIONPuna Geothermal Venture ARTICLE 974 EFOR Liquidated Damages 0%-12.0% $200 per 0.1% 12.1%-17.0% $400 per 0.1% 17.1%-22.0% $600 per 0.1% 22.1%-53.4% $800 per 0.1% Such Liquidated Damages shall be due within thirty (30) Days after the first to occur of the end of such Contract Year or the end of Term.
Except as provided in Section 6.5 hereof, the CAPACITY CREDIT shall be $178 per NW day for DESIGNATED CAPACITY received by PECO from the FACILITY less the product of: (a) $178 per MW day; (b) 1.5; and (c) the greater of: (i) zero (0); or (ii) the most recently calculated FACILITY EFOR less the PERFORMANCE STANDARD.
The basis for the methodology are the definitions of EAF and EFOR in 2011 NERC GADS.
The ramp derating period shall not count for purposes of calculating EAF or EFOR until SELLER declares an outage pursuant to this Section 3.3A(2), in which event, such outage shall count against EAF and EFOR, as applicable, starting from the earlier of the ▇▇▇▇ ▇▇▇▇▇▇ declares such outage.
If it is determined that HELCO did not have a valid reason for disconnecting the Facility, the duration of the period of separation will not be counted against EAF or EFOR or for the purpose of calculating any other performance standard.
The following are key highlights for the month of: xxxxxx: • ▇▇▇▇▇ Landing Generating Station’s Plant Gross Output for the Month was xx,xxx MWH • The Plant Starting Reliability was xx% • The Plant Availability Factor was xx% • The Equivalent Availability Factor (EAF) was also xx% • The Gas Turbines Accumulated xxx Total Fired Hours and xx Fired Starts • There was a Total of 0 Trips during the Month • The Equivalent Forced Outage Rate (EFOR) was x% • The plant consumed a total of xxx,xxx DTH of Natural Gas.
Incentive Payment Rate is equal to Penalty Payment Rate times historic EFOR, divided by 1 minus historic EFOR; 5.