Reliability Charge definition
Examples of Reliability Charge in a sentence
If the energy supplied by the City exceeds the electricity generated by the Customer and fed back to the City during the billing period, or any portion thereof, then the Customer shall be billed for the net energy supplied to Customer by the City’s electric distribution system together with the appropriate customer charge paid by other customers of the City in the same rate class additionally a monthly Solar Reliability Charge will be added.
The City reserves the right to modify or amend this Net Metering Agreement, the City’s avoided cost rate, the Renewable Power Rate or the Solar Reliability Charge, upon reasonable advance notice to the Customer (30 days).
Additionally, the rate includes the cost of transmission, schedule, and reserves and factors in the Solar Reliability Charge.
Locational Reliability Charge shall mean the charge determined pursuant to Schedule 8.
Except to the extent its capacity obligations are satisfied through the FRR Alternative, each Party shall pay, as to the loads it serves in each Zone during a Delivery Year, a Locational Reliability Charge for each such Zone during such Delivery Year.
In addition, such Parties recognize that they may receive an allocation of Capacity Transfer Rights which may offset a portion of the Locational Reliability Charge, and that they may offset a portion of the Locational Reliability Charge by offering and clearing Qualifying Transmission Upgrades in the Base Residual Auction.
Each such Party acknowledges that the clearing price it receives for a resource offered for sale and cleared, or Self-Supplied, in an auction may differ from the Final Zonal Capacity Price determined for the applicable Zone for the applicable Delivery Year, and that the Party shall remain responsible for the Locational Reliability Charge notwithstanding any such difference between the Capacity Resource Clearing Price and the Final Zonal Capacity Price.
A Party obligated to pay a Locational Reliability Charge for a Delivery Year may partially or wholly offset amounts it must pay for such charge by offering Capacity Resources for sale in the Base Residual Auction or an Incremental Auction applicable to such Delivery Year; provided such resources clear such auctions.
Parties can partially or wholly offset the amounts payable for the Locational Reliability Charge with Demand Resources that are operated under the direction of the Office of the Interconnection.
The Locational Reliability Charge shall equal such Party’s Daily Unforced Capacity Obligation in a Zone, as determined pursuant to Schedule 8 of this Agreement, times the Final Zonal Capacity Price for such Zone, as determined pursuant to Attachment DD of the PJM Tariff.