Power Potential definition

Power Potential means, when used herein with respect to any well or ▇▇▇▇▇, the quantity, or units, of energy capable of being recovered from the Hot Water, Steam or Thermal Energy produced therefrom by means of any energy conversion or utilization facility (including, but not limited to, electrical generating facilities) or equipment designed for use thereof;
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Examples of Power Potential in a sentence

  • This may exceed the availability implied by the DER expected operating level submitted at the Day Ahead Power Potential Tender.

  • For the avoidance of doubt, UKPN shall be treated as being prevented from performing its obligations under this Agreement by reason of Force Majeure where lightning strikes or similar weather or other natural phenomena are expected in the geographical area of the SPN Network and it is reasonably necessary for UKPN to suspend the Power Potential Service acting in accordance with Good Industry Practice.

  • DER Reactive Service Providers will receive: Availability Payments for Reactive Power Availability accepted in the Power Potential Tender and Utilisation Payments for Reactive Power Response Availability Prices (£/MVar/hr) and Utilisation Prices (£/MVarh) will be the prices submitted by DER Providers as bids for Service Windows at the day-ahead stage, and will be paid on a pay-as-bid basis.

  • Power Potential services, if accepted, will be used to help secure the system Utilisation bids will be assessed in line with the cost of alternative actions National Grid will only accept the DERMS volumes where the price is as cost effective as alternatives available to it, meaning that some (or all) DER may not be accepted if they cannot reduce their bids to a competitive level.

  • The availability payment associated with each Service Window is given in Schedule 2 of the Power Potential DER Framework Agreement.

  • All Power Potential Providers will need to sign a Power Potential DER Framework Agreement with UK Power Networks.

  • In the event that the Power Potential trial does not go ahead, if Providers have successfully commissioned, they will be eligible for compensation for direct costs incurred up to 100% of the total Participation Payment.

  • Wave 1 is predominantly aiming to trial the technical aspects of the Power Potential services and, through the trial, to allow participants to recover most of their upgrade costs.

  • This agreement includes technical characteristics of the Provider, which the Power Potential team will confirm makes the Provider eligible to participate once they have gone through the commissioning stage.

  • Compensation will be calculated on an open book basis, and Providers will be asked to produce evidence of costs incurred for upgrades required as a direct result of intending to participate in the Power Potential trials.