Energy Variance definition

Energy Variance means the variance between quantity of Gas in GJs received by GAS ALBERTA from [END USER] during any Month and the quantity of gas in GJs delivered by GAS ALBERTA to [END USER] at the Delivery Point during such Month;
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Examples of Energy Variance in a sentence

  • The information used to determine the quantity of Reactive Service, Regulation Energy Variance, Spinning Reserve Service and Supplemental Reserve Service, to the extent not otherwise provided for under this Article XV, shall be disclosed solely to each Party's operations and billing/audit personnel and to the senior management of each Party in such detail as is reasonably required to clarify billing or performance disputes.

  • If the integrated hourly test (Oglethorpe Power's Regulation Energy Variance minus Oglethorpe Power's L10) results in a zero or negative value, then Oglethorpe Power shall be deemed to have adequately maintained its Regulation Energy Variance for the Hour.

  • However, if such integrated hourly test results in a positive value, then Oglethorpe Power shall be deemed not to have adequately maintained such Regulation Energy Variance for the Hour, and Oglethorpe Power shall be required to purchase its Regulation Energy Variance from Georgia Power in an amount equal to the difference between its Regulation Energy Variance in such Hour and Oglethorpe Power's L10 at such time.

  • If the absolute value of the difference between Oglethorpe Power's total metered load and Oglethorpe Power's integrated Real-Time total load is greater than one (1) percent of the total metered load for more than five (5) percent of the Hours in the Month, then, in the discretion of Georgia Power, total metered loads may be used in lieu of integrated Real-Time total load for the OPC Total Load Requirements for purposes of the Regulation Energy Variance for that Month.

  • GAS ALBERTA shall pay such amount to [END USER] on or before the 25th day of the month in which the determination of the Energy Variance was made.

  • In addition, Section 10.2 shall apply mutatis mutandis to any amounts owing by GAS ALBERTA to [END USER] under this Section 6.3. [END USER] shall be considered to be in a credit position in regard to the Energy Variance where the quantity of gas in GJs delivered by [END USER] to GAS ALBERTA by way of NIT in any Month exceeds the quantity of gas in GJs delivered by GAS ALBERTA to [END USER] at the Delivery Point during such Month.