Energy Value definition
Examples of Energy Value in a sentence
Seller shall have one year in which to cure the default during which time the Seller shall pay PGE damages equal to the Lost Energy Value.
On or before the thirtieth (30th) day following the end of each Contract Year, PGE shall ▇▇▇▇ for any Lost Energy Value accrued pursuant to this Agreement.
Energy Value shall be the cost that a buying Company avoids by reducing the generation of Energy from its Company Operating Capability or by reducing its purchase of Energy from others.
The incremental energy value will be calculated as follows: Incremental Energy Value = (revenue from ancillary services) plus (revenue from the sale of surplus energy (curtailed energy)) plus (settlement value of energy swaps used for hedging) minus (BOV for curtailed MWs) minus (cost of repurchasing any energy to reload in real-time) minus (applicable TDU fees).
As damages for Seller’s failure to deliver the Minimum Net Output (subject to adjustment for reasons of Force Majeure as provided in Section 4.2) in any Contract Year, notwithstanding any other provision of this Agreement, the purchase price payable by PGE for future deliveries shall be reduced until Lost Energy Value is recovered.