Peak Demand Reduction definition

Peak Demand Reduction means reduction in demand on the utility system during the utility system's peak period.
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Peak Demand Reduction means the maximum value, measured in kW, in each billing cycle recorded by the Local Electric Utility Revenue Meter minus the maximum value, measured in kW, in each billing cycle recorded by the System Meter for the same 15-minute interval.
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Peak Demand Reduction or “PDR” means the amount of the reduction in maximum electricity service demand level (in kW AC) in a Demand Period for the Premises, calculated as True Peak Load minus Peak Demand Level.
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Examples of Peak Demand Reduction in a sentence

  • The Guaranteed Final Actual Peak Demand Reduction Price shall be subject to additions and deductions by change order as provided in Article 38, Change Orders.

  • The Licensee shall guarantee the final Actual Peak Demand Reduction Price, as set forth in the Agreement.

  • The Trustees and the Licensee have agreed to a schedule, design, specifications, and a Guaranteed Final Actual Peak Demand Reduction Price and, the Trustees have issued a building permit and Attachment 3 Authorization to proceed to Construction to the Licensee to complete the design and construct the Project.

  • If Licensee demonstrates to Trustees’ reasonable satisfaction that the System can, within the period provided in Section 16.4 of this Agreement, be repaired and restored such that the System can deliver at least fifty percent (50%) of the applicable Peak Demand Reduction for the remaining Term, then Licensee may elect to prosecute such repairs as necessary to deliver at least 50% of the applicable Peak kW demand reduction for the remaining Term.

  • If a Force Majeure Event occurs that reduces the Peak Demand Reduction of the System and Licensee determines the System cannot, within the period allowed in Section 16.4 (Licensee Early Termination Rights), be restored to a capacity sufficient to satisfy its obligations under this Agreement, Licensee shall give Trustees written notice of such determination as soon as possible.

  • The invoiced amount due from Trustees to Licensee shall be for each Billing Cycle the sum of any In Lieu of Electricity Payment for Deemed Generated Energy owing to Licensee and the amount calculated for Electricity delivered to the Electrical Interconnection Point as follows: Simple Peak kW methodology A = P x Q, where: A = Amount of payment due to Licensee for Actual Peak Demand Reduction for the Billing Cycle.

  • Addendum - A document issued to the Licensee by the Trustees, prior to the agreement on the Actual Peak Demand Reduction Rate that modifies or supersedes portions of the Contract Documents.

  • Price - The amount of compensation for delivered Actual Peak Demand Reduction from the System stated in the Agreement expressed in terms of $0.XXXX/KW.

  • Trustees and Licensee agree to negotiate in good faith to find an alternative location where Licensee can relocate the System and from which Licensee can provide Peak Demand Reduction to Trustees in conformance with this Agreement.

  • The Price paid by Trustees for Storage Services shall be the Price of $0.XXXX per Actual Peak Demand Reduction for every Billing Cycle by Contract Year specified in the table below.


More Definitions of Peak Demand Reduction

Peak Demand Reduction. ’ means the reduc-
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Peak Demand Reduction means the re-
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Peak Demand Reduction. ’ means the reduction in
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Related to Peak Demand Reduction

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Nominated Demand Resource Value means the amount of load reduction that a Demand Resource commits to provide either through direct load control, firm service level or guaranteed load drop programs. For existing Demand Resources, the maximum Nominated Demand Resource Value is limited, in accordance with the PJM Manuals, to the value appropriate for the method by which the load reduction would be accomplished, at the time the Base Residual Auction or Incremental Auction is being conducted.

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;