Expected Energy definition

Expected Energy means the quantity of Energy that Seller expects to be able to deliver to Buyer from the Facility during each Contract Year in the quantity specified on the Cover Sheet.

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Expected Energy means [XXX,XXX] MWh during the first Contract Year and for each Contract Year thereafter during the Delivery Term. [If there is an annual adjustment for degradation, this should be noted.]

Expected Energy has the meaning set forth in the CAISO Tariff.

Examples of Expected Energy in a sentence

• As an alternative to paying GEP liquidated damages, Seller may, with the prior consent of Buyer, provide Replacement Product in an amount not to exceed [ ]% of the Expected Energy for the previous Contract Year.

• Buyer shall pay Seller the Renewable Rate for each MWh of Generating Facility Energy plus the amount of Deemed Delivered Energy (as adjusted by the Curtailment Cap), for the relevant month, up to one hundred five percent (105%) of the Expected Energy for each Contract Year.

• The “Guaranteed Energy Production” or “GEP” means an amount of Generating Facility Energy, as measured in MWh, equal to the total Expected Energy for the applicable Performance Measurement Period multiplied by 85% The “Performance Measurement Period” shall be each two (2) consecutive Contract Year period during the Delivery Term, calculated on a rolling basis.

• The “Guaranteed Energy Production” or “GEP” means an amount of Facility Energy, as measured in MWh, equal to the total Expected Energy for the applicable Performance Measurement Period multiplied by 85% The “Performance Measurement Period” shall be each two (2) consecutive Contract Year period during the Delivery Term, calculated on a rolling basis.

• If Generating Facility Energy and Deemed Delivered Energy exceeds one hundred fifteen (115%) of the Expected Energy for the Contract Year, no payment shall be owed by Buyer for excess deliveries or Deemed Delivered Energy.

More Definitions of Expected Energy

Expected Energy means MWh of Net Output per year measured at the Point of Delivery, which is the Seller’s best estimate of the projected long-term average annual Net Output production based upon average wind conditions from the Facility, delivery to the Point of Delivery and the Expected Nameplate Capacity Rating. Seller estimates that the Net Output will be delivered during each calendar year according to the estimates of monthly output set forth in Exhibit A. If at Final Completion the Facility’s Nameplate Capacity Rating is less than the Expected Nameplate Capacity Rating, Expected Energy shall be reduced by MWh per year for each full MW of Nameplate Capacity Rating below the Expected Nameplate Capacity Rating. Seller acknowledges that PacifiCorp will include Expected Energy in PacifiCorp’s resource planning. PacifiCorp acknowledges that wind is a variable resource and that the Facility’s actual annual output of Net Output and Green Tags in the ordinary course in any given year will be subject to variation caused by differences in the actual wind resource at the Facility from year to year.

Expected Energy means [XXX,XXX] MWh during the first 12-month Contract Year and for each 12-month Contract Year thereafter during the Delivery Term. [If there is an annual adjustment for degradation, this should be noted.][Note – not applicable for shaped product.] [XX] [XX]

Expected Energy means [ ] MWh during the first Contract Year and for each subsequent Contract Year thereafter during the Delivery Term, subject to [ ]% degradation per Contract Year.

Expected Energy means the Seller’s best estimate of annual energy production from the Facility, in MWh per year, based on delivery to the Point of Delivery and the planned total installed capacity of the Facility, and is equal to _ MWh per year.

Expected Energy means the quantity of PV Energy that Seller expects to be able to deliver to Buyer from the Generating Facility during each Contract Year, which for each Contract Year is the quantity specified on the Cover Sheet, which amount shall be adjusted proportionately to the reduction from Guaranteed PV Capacity to Installed PV Capacity pursuant to Section 5(a) of Exhibit B, if applicable.

Expected Energy means, for any Contract Year, the Expected Net Output for such Contract Year as determined in accordance with Exhibit A of this Agreement. If at Final Completion the Facility’s Nameplate Capacity Rating is less than the Expected Nameplate Capacity Rating (but at least equal to or greater than the Required Percentage of the Expected Nameplate Capacity Rating), then the Expected Net Output and the Expected Energy in each Contract Year shall be reduced proportionally for each full MW of Nameplate Capacity Rating below the Expected Nameplate Capacity Rating. Seller acknowledges that PacifiCorp will include the Expected Energy in PacifiCorp’s resource planning.

Expected Energy has the meaning set forth in the CAISO Tariff. “Expected Initial Delivery Date” is the date set forth in Section 2.03.