Examples of Entitlement Period in a sentence
Once a Transmission Adjusted Market Flow that incorporates the topology adjustment and reallocation of flows has been calculated for each hour of the three year period agreed to by the Parties, the new M2M Entitlement will be determined for each hour and day of the week in each M2M Entitlement Period using the method established in Section 6.1 above.
For each of the M2M Entitlement Periods listed above the Non-Monitoring RTO will calculate its M2M Entitlement on each M2M Flowgate for each hour of each day of a week that will serve as the representative week for that M2M Entitlement Period.
When determining M2M settlements each Party will use the M2M Entitlement that corresponds to the hour of the week and to the M2M Entitlement Period for which the real-time Market Flow is being calculated.
Once the Reference Year Market Flows have been calculated for each interval to determine the integrated hourly Market Flow for each hour of the relevant three year period agreed to by the Parties, the new M2M Entitlement will be determined for a representative week in each M2M Entitlement Period using the method established in Section 6.1 above.
The Non-Monitoring RTO shall use the Market Flow data for all of the like day/hours, that occurred in that day of the week and hour in the M2M Entitlement Period, in each year contained within the three year period agreed to by the Parties to calculate the Non-Monitoring RTO’s average Market Flow on each M2M Flowgate.