Net Qualifying Capacity definition
Examples of Net Qualifying Capacity in a sentence
Partial Capacity Deliverability Status entitles a Generating Facility interconnected with the Distribution System to a Net Qualifying Capacity (as defined in the ISO Tariff) amount on the ISO Grid that cannot be larger than a specified amount of its Qualifying Capacity (as defined in the ISO Tariff), and may be less pursuant to the assessment of its Net Qualifying Capacity by the ISO.
Such energy-only resources are deemed to have Net Qualifying Capacity of zero by the CAISO.
The valuation methodology assigns these projects full RA value, but one can imagine an outcome in which such a project fails to deliver its proposed generation to the grid because of network constraints, or the CAISO counts less Net Qualifying Capacity than that calculated based on the proposed generation profile, if and when deliverability issues emerge.
As used above: “Administrative NQC Reduction” means a reduction in the maximum achievable Net Qualifying Capacity of the Facility due to a reduction that has been generally applied to resources materially similar to the Facility in terms of generating technology and operational characteristics (including those characteristics specified in the CPUC Master Resource Database), including any methodology that incorporates fleet averages or other average outage rates.
For Generating Facilities that are listed on CAISO’s Net Qualifying Capacity Report, “Project NQC” shall be as specified therein for each calendar month in the applicable calendar year during the Term.