LOLE definition

LOLE means “Loss of Load Expectation” (sometimes referred to by parties as “LOLP” or Loss of Load Probability), and it represents the expectation that available generation capacity will be inadequate to supply customer demand at any given moment.
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LOLE means “loss of load expectation,” and it represents the expectation that available generation capacity will be inadequate to supply customer demand at any given moment.
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Examples of LOLE in a sentence

  • The Base Capacity Resource Constraint is the combined amount of Base Capacity Demand Resources, Base Capacity Energy Efficiency Resources and Base Capacity Resources, stated as a percentage of the unrestricted annual peak load, that produces no more than a ten percent increase in the LOLE, compared to the reference value.

  • PJM then models the commitment of varying amounts of Base Capacity Resources (displacing otherwise committed generation) as unavailable during the peak week of winter and available the rest of the Delivery Year in question and calculates the LOLE at each Base Capacity Resource level.

  • For both the PJM Region and LDA analyses, PJM then models the commitment of varying amounts of DR (displacing otherwise committed generation) as interruptible from May 1 through October 31 and unavailable from November 1 through April 30 and calculates the LOLE at each DR level.

  • The Extended Summer DR Reliability Target is the DR amount, stated as a percentage of the unrestricted peak load, that produces no more than a ten percent increase in the LOLE, compared to the reference value.

  • If the reliability criterion is met once the LCR deficiencies have been addressed, that is LOLE  0.1 for the Target Year is achieved, then the only costs allocated will be those related to the LCRdef MW.

  • If the reliability criterion is not met after the LCRdef has been addressed, that is an LOLE > 0.1, then a NYCA Free Flow Test will be conducted to determine if NYCA has sufficient resources to meet an LOLE of 0.1.

  • Specifically, the Binding Interface Test will be applied starting from the interface that has the greatest benefit to LOLE (the greatest LOLE reduction per interface compensatory MW addition), and then extended to subsequent interfaces until a NYCA LOLE of 0.1 is achieved.

  • The ISO will determine if after the first addition of compensating MWs the Bounded Region with the greatest impact on LOLE has changed.

  • The Bounded Region that will have the greatest benefit to NYCA LOLE will be the area to be first allocated costs in this step.

  • These values will be used as an initial indicator to determine the binding interfaces that are impacting LOLE within the NYCA.

Related to LOLE

  • Squatter means a person occupying a dwelling unit who is not so entitled under a rental

  • Roomer means a person occupying a dwelling unit that lacks a major bathroom or kitchen facility, in a structure where one or more major facilities are used in common by occupants of the dwelling unit and other dwelling units. Major facility in the case of a bathroom means toilet, or either a bath or shower, and in the case of a kitchen means refrigerator, stove or sink.

  • snippet means a legally binding agreement (made pursuant to the provisions of this Framework Agreement) for the provision of the Services made between a Contracting Body and the Supplier comprising of an Order Form and the Call-Off Terms;","size":74,"snippetLinks":[{"key":"legally-binding-agreement","type":"clause","offset":[8,33]},{"key":"the-provisions-of-this","type":"clause","offset":[52,74]},{"key":"framework- agreement","type":"definition","offset":[75,94]},{"key":"the-provision-of-the-services","type":"clause","offset":[100,129]},{"key":"contracting-body","type":"definition","offset":[145,161]},{"key":"the-supplier","type":"clause","offset":[166,178]},{"key":"order-form","type":"clause","offset":[196,206]},{"key":"off-terms","type":"clause","offset":

  • Weed means any plant which grows where not wanted.

  • SID means the supplementary information document of which these Terms form part;