Lost Energy definition

Lost Energy means ((the Guarantee of Mechanical Availability as set forth in 3.1.10 / MAP) X Net Output for a Calendar Year) – Net Output for the Calendar Year. Lost Energy shall be zero unless the result of the calculation in this subsection results in a positive number.
Lost Energy means “Lost Energy” means ((the Guarantee of Mechanical Availability as set forth in 3.1.10 / MAP) X Net Output for a Calendar Year) – Net Output for the Calendar Year. Lost Energy shall be zero unless the result of the calculation in this subsection results in a positive number.
Lost Energy means, for any relevant period, and without duplication, the Deemed Delivered Energy in such period plus the amount of Energy that would have been Delivered Energy in such period, based on actual wind and availability data, but for (A) a System Curtailment Order, (B) an event of Force Majeure, (C) a Seller Compliance Curtailment, (D) Seller-initiated curtailments arising as a result of any Transmission Provider’s System unavailability or operation outside the defined voltage, frequency limits, or other operational parameters of the Wind Project’s generation equipment or (E) curtailments arising as a result of environmental conditions (e.g. icing) at the Wind Project that cause the Wind Project’s equipment to be inoperable, in whole or in part, in accordance Prudent Operating Practices, or would otherwise require the Wind Project’s generation equipment to operate outside of operational parameters of the Wind Project’s generation equipment. For sake of clarity, Seller shall not be entitled to claim credit for Lost Energy to the extent the events or circumstances resulting in what would otherwise be considered Lost Energy hereunder are the direct or indirect result of the negligence or fault of Seller or are otherwise caused by Seller.

Examples of Lost Energy in a sentence

  • Seller’s failure to meet the Guarantee of Mechanical Availability in a Calendar Year shall result in damages payable to PGE by Seller equal to the Lost Energy Value.

  • On or before the thirtieth (30th) day following the end of each Contract Year, PGE shall bill for any Lost Energy Value accrued pursuant to this Agreement.

  • Seller shall have one year in which to cure the default during which time the Seller shall pay PGE damages equal to the Lost Energy Value.


More Definitions of Lost Energy

Lost Energy means (in kWh):

Related to Lost Energy

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