Guaranteed Energy Production definition

Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

Guaranteed Energy Production has the meaning set forth in Section 3.1(e).

Guaranteed Energy Production or “GEP” has the meaning set forth in Section 11.1.

Examples of Guaranteed Energy Production in a sentence

• For Seller selling Baseload Product, Seller shall be excused from achieving the Guaranteed Energy Production and the Capacity Factor only for the applicable time period during Seller Excuse Hours.

• For Seller selling As-Available Product, Seller shall be excused from achieving the Guaranteed Energy Production only for the applicable time period during Seller Excuse Hours.

• Throughout the Delivery Term, Seller shall be required to deliver to Buyer no less than the Guaranteed Energy Production in each Contract Year during the Delivery Term for Baseload Product, or over two (2) consecutive Contract Years during the Delivery Term for As- Available Product (“Performance Measurement Period”).

• If Seller pays GEP Damages for the Contract Years in the applicable Performance Measurement Period, then for purposes of calculating the Guaranteed Energy Production in the following Performance Measurement Period, the amount of Delivered Energy for such Contract Year(s) shall thereafter be equal to the greater of the actual Delivered Energy for the Contract Year or eighty percent (80%) of Contract Quantity.

• Notwithstanding the excuses to performance set forth in the definition of the Product type (as such Product type is specified in Section 3.1(a)), Seller shall be excused from achieving the Guaranteed Energy Production during any Performance Measurement Period only to the extent of any Force Majeure events, Buyer’s failure to perform, or Dispatch Down Periods.

More Definitions of Guaranteed Energy Production

Guaranteed Energy Production means an amount of Delivered Energy (including, for purposes of this Section 11, Paid Curtailed Product), as measured in MWh, equal to the product of (x) and (y), where (x) is one hundred eighty percent (180%) of the average of the Contract Quantity over the Performance Measurement Period and (y) is the difference between (I) and (II), with the resulting difference divided by (I), where (I) is the number of hours in the applicable Performance Measurement Period and (II) is the aggregate number of Seller Excuse Hours in the applicable Performance Measurement Period. Guaranteed Energy Production is described by the following formula: Guaranteed Energy Production = 180% × average of the Contract Quantity over the Performance Measurement Period in MWh) × [(Hrs in Performance Measurement Period - Seller Excuse Hrs) / Hrs in Performance Measurement Period]

Guaranteed Energy Production is equal to the product of (x) and (y), where (x) is ninety percent (90%) of the Contract Quantity, and (y) is the difference between (I) and (II), with the resulting difference divided by (I), where (I) is the number of hours in the applicable Performance Measurement Period and (II) is the aggregate number of Seller Excuse Hours in the applicable Performance Measurement Period. Guaranteed Energy Production is described by the following formula: Guaranteed Energy Production = (90% × Contract Quantity in MWh) × [(Hrs in Performance Measurement Period – Seller Excuse Hrs in Performance Measurement Period) / Hrs in Performance Measurement Period] ] [Use the following subparts (B) and (C) to Section 3.1(e)(ii) for both As-Available and Baseload Products and all technologies]

Guaranteed Energy Production means the amount of energy, measured in kilowatt hours alternating current, that the qualified provider guarantees for each year of the guaranteed energy production contract.

Guaranteed Energy Production means an amount of Bundled Green Energy, as measured in MWh, equal to [two times] [________]% of the Contract Quantity. Notwithstanding the excuses to performance set forth in the definition of the Product type (as such Product type is specified in Section 3.1(a)), Seller shall be excused from achieving the Guaranteed Energy Production during any Performance Measurement Period only to the extent of any Force Majeure events, Buyer’s failure to perform, or Dispatch Down Periods. For purposes of determining whether Seller has achieved the Guaranteed Energy Production, Seller shall be deemed to have delivered to Buyer an amount of Bundled Green Energy that it could reasonably have delivered to Buyer but was prevented from delivering to Buyer by reason of any Force Majeure events, Xxxxx’s failure to perform, or Dispatch Down Periods.

Guaranteed Energy Production is equal to the product of (x) and (y), where (x) is one hundred sixty percent (160%) of the average of the Contract Quantities applicable to the two (2) Contract Years comprising the Performance Measurement Period , and (y) is the difference between (I) and (II), with the resulting difference divided by (I), where (I) is the number of hours in the applicable Performance Measurement Period and (II) is the aggregate number of Seller Excuse Hours in the applicable Performance Measurement Period. Guaranteed Energy Production is described by the following formula: Guaranteed Energy Production = (160% × average of the Contract Quantities in MWh in Performance Measurement Period) × [(Hrs in Performance Measurement Period – Seller Excuse Hrs in Performance Measurement Period) / Hrs in Performance Measurement Period]

Guaranteed Energy Production means the amount of energy,

Guaranteed Energy Production means an amount of Delivered Energy, as measured in kWh, equal to the product of (x) and (y), where (x) is: [one hundred forty percent (140%)] [for wind As-Available technology] [one hundred seventy percent (170%)] [for all other As-Available technologies] [one hundred eighty percent (180%)] [for Baseload technologies] [[ ] percent ([ ]%)] [for hydro a threshold reasonably acceptable to Buyer based on Facility characteristics to be proposed by hydro Seller] of the average of the Contract Quantity over the Performance Measurement Period and (y) is the difference between (I) and (II), with the resulting difference divided by (I), where (I) is the number of hours in the applicable Performance Measurement Period and (II) is the aggregate number of Seller Excuse Hours in the applicable Performance Measurement Period. Guaranteed Energy Production is described by the following formula: Guaranteed Energy Production = ( [insert percentage from above] % * average of the Contract Quantity over the Performance Measurement Period in kWh) * [(Hrs in Performance Measurement Period - Seller Excuse Hrs) / Hrs in Performance Measurement Period]