Examples of Tolerance Band in a sentence
The Forecasting Penalty shall be equal to the greater of (A) one hundred fifty percent (150%) of the Contract Price or (B) the absolute value of the Real-Time Price, in each case for each MWh of Energy Deviation outside the Performance Tolerance Band, or any portion thereof, in every hour for which Seller fails to meet the requirements in Section 4.6(c)(i).
For the purposes of determining IFM Minimum Load Cost, a Bid Cost Recovery Eligible Resource is assumed to be On if its metered Energy in a Settlement Interval is equal to or greater than the difference between its (i) Minimum Load as registered in the Master File, or if applicable, as modified pursuant to Section 9.3.3, and (ii) the Tolerance Band, and the Metered Energy is greater than zero (0) MWh. Otherwise, such resource is determined to be Off.
The net effect of the Uninstructed Deviation Penalty and the Settlement for positive Uninstructed Imbalance Energy beyond the Tolerance Band will be that the CAISO will not pay for such Energy.
For the purposes of determining IFM Minimum Load Cost for a Multi-Stage Generating Resource, a Bid Cost Recovery Eligible Resource is determined to be On if its metered Energy in a Settlement Interval is equal to or greater than the difference between its IFM MSG Configuration Minimum Load as registered in the Master File, or if applicable, as modified pursuant to Section 9.3.3, and the Tolerance Band, and the Metered Energy is greater than zero (0) MWh. Otherwise, such resource is determined to be Off.
The Forecasting Penalty shall be equal to one hundred fifty percent (150%) of the Contract Price for each MWh of Energy Deviation outside the Performance Tolerance Band, or any portion thereof, in every hour for which Seller fails to meet the requirements in this Section 4.6(c)(i).
The amount of Uninstructed Imbalance Energy exempted from the Uninstructed Deviation Penalty shall not exceed the amount of the Generating Unit’s Minimum Operating Limit plus the applicable Tolerance Band.
Seller shall make a payment to Buyer (the “SDD Administrative Charge”) for each Settlement Interval in a month if Metered Energy (i) exceeds the Performance Tolerance Band Upper Limit or (ii) is less than the Performance Tolerance Band Lower Limit, in any Settlement Interval.
The Uninstructed Deviation Penalty will apply to Generating Units providing Regulation and dynamically scheduled Dynamic System Resources providing Regulation to the extent that Uninstructed Deviations from such resources exceed each resource’s actual Regulation range plus the applicable Tolerance Band.
If the Company’s actual gas commodity purchase dollars are greater than the Benchmark Dollars plus the Tolerance Band, a Negative Performance exists.
The Performance Tolerance Band is five percent (5%) multiplied by Contract Capacity multiplied by one (1) hour.