Reliability definition

Reliability means the degree of performance of the bulk electric system that results in electricity being delivered within Reliability Standards and in the amount desired. Electric system Reliability can be addressed by considering two basic and functional aspects of electric systems, which are Adequacy and Security.
Reliability means the degree of performance of the elements of the electric system that results in electricity being delivered to and from an applicant in the amount desired while avoiding adverse effects on the adequacy and security of the electric supply, defined respectively as:
Reliability means Lost Profit Opportunity (“LPO”), defined as foregone gross margin that results from operational variance due to factors within the Company’s control, specifically including human and equipment performance, divided by the sum of actual gross margin plus LPO.

Examples of Reliability in a sentence

  • Reliability and validity testing of a single-item physical activity measure.

  • This subsection shall be implemented consistent with the North American Electric Reliability Council and applicable reliability council standards.

  • The recovery of the compensation paid by the Transmission Provider for such committed Resources under Section 8.6.5 of this Attachment AE shall becollected by the Transmission Provider regionally as described under Section 8.6.7(A) of this Attachment AE.(4) A Local Reliability Issue may arise during the Day-Ahead Reliability Unit Commitment process.

  • For example, the North American Electric Reliability Corporation Reliability Standard TPL-002-0b requires that CalPeco’s transmission system have the capability to supply peak loads at adequate voltage levels without overloading the system components with any one component out of service.

  • Price Responsive Demand that has been committed in accordance with the Reliability Assurance Agreement shall be presumed available for the next Operating Day in accordance with the most recently submitted PRD Curve unless the PRD Curve is updated to indicate otherwise.

More Definitions of Reliability

Reliability means the extent to which an experiment, test, or measuring procedure yields the same results on repeated trials.
Reliability means the degree to which electric service is supplied without interruption.
Reliability which means a reasonably consistent and predictable amount of time for cargo to travel from one point to another on any given day or at any given time in California.
Reliability means the ability of a system or component(s) thereof to perform a required function under permit stated conditions for a permit stated period.
Reliability means the probability that a product functions as required under given conditions for a given duration without a limiting event;
Reliability means the probability of performing a specified function without failure and within design parameters for the period of time or the number of cycles specified under actual service conditions.