Definition of Pre COD Test Energy


Pre COD Test Energy means Test Energy generated before the Commercial Operations Date.
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Examples of Pre COD Test Energy in a sentence

If the Prevailing Market Price (less Transaction Costs) is less than the Facility Electric Energy Rate, the Pre COD Test Energy Rate shall be 100% of such Prevailing Market Price less Transaction Costs, (but not including Scheduling Fees).
If the Prevailing Market Price (less Transaction Costs) (expressed as $/MWh) is greater than the Facility Electric Energy Rate, the Pre COD Test Energy Rate shall be the sum of the Facility Electric Energy Rate, plus 95% of the difference between the Facility Electric Energy Rate and the Prevailing Market Price (less Transaction Costs).
Buyer shall purchase all Pre COD Test Energy at Pre COD Test Energy Rates as provided in Section 7.2.4. Seller will provide a test schedule prior to each test, and Buyer will advise Seller its estimate of Prevailing Market Prices for Pre COD Test Energy prior to the scheduled start of the testing.
Seller shall have no right to sell the Pre COD Test Energy to third parties.
Seller anticipates that prior to its Commercial Operations Date each Unit will require between 50-100 hours for Commissioning purposes during which Seller will generate Pre COD Test Energy.