Variable Energy Resource Forecast definition

Variable Energy Resource Forecast or “VER Forecast” means, for a given period, the final forecast of the Energy to be produced by the Facility prepared by the CAISO in accordance with the Eligible Intermittent Resources Protocol.
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Variable Energy Resource Forecast means the final forecast of the Energy to be produced by the PV System prepared by the CAISO in accordance with the Eligible Intermittent Resources Protocol for use in submitting a Schedule for the output of the PV System in the Real- Time Market, and if such forecast is not available, the final forecast for the Energy in the Day- Ahead Market.
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Examples of Variable Energy Resource Forecast in a sentence

  • If a Transmission Customer Base Schedule is less accurate than it would have been had it used the BPA EIM Entity’s Variable Energy Resource Forecast, then there may be additional charges under BPA’s Transmission, Ancillary, and Control Area Service Rate Schedules and General Rate Schedule Provisions.

  • Variable Energy Resource Forecast ChargeAny costs incurred by the PGE EIM Entity related to the preparation and submission of resource Forecast Data for a Transmission Customer with a Non-Participating Resource electing either method (1) or (2), as set forth in Section 4.2.4.2 of this Attachment P, shall be allocated to the Transmission Customer with a Non-Participating Resource electing to use either such method.

  • While Figures 1 and 2 are consistent with claims that wider tick sizes enhance the incentive to use Rule 612’s trade exclusion to trade in dark venues, neither speaks to whether the primary mechanism for this result is due to stepping ahead, as has generally been assumed.

  • Further, APS contends that, because Navopache does not have generation or load located in the APS balancing authority area, Navopache is not subject to, and is not being assessed charges under, sections 8.2 (Uninstructed Imbalance Energy), 8.4.1 (Under- Scheduling Load), 8.4.2 (Over-Scheduling Load), or 8.8 (Variable Energy Resource Forecast Charge).

  • Variable Energy Resource Forecast Charge....................................................

  • The CAISO will apply revenues received from the EIM Administrative Charge against the costs to be recovered through the Grid Management Charge as described in Appendix F, Schedule 1, Part A.(j) Variable Energy Resource Forecast Charge.

  • Three types of charges will be directly assigned or sub-allocated to the customers that cause the costs to be incurred: (1) penalties for inaccurate or late settlement quality meter data; (2) tax liabilities; and (3) the Variable Energy Resource Forecast Charge.Each of these provisions appropriately matches cost payments with cost causation, and is consistent with the tariff provisions accepted for PacifiCorp and NV Energy.142 141 Id. 142 See generally PacifiCorp EIM Order; NV Energy EIM Order.

  • The Whistleblower line is administered by the independent board member, Simon Jeffreys, and reports can be made to simon.jeffreys@aon.co.uk.

Related to Variable Energy Resource Forecast

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • Energy Resource means a generating facility that is not a Capacity Resource.

  • Renewable Energy Standard means the minimum renewable energy capacity portfolio, if applicable, and the renewable energy credit portfolio required to be achieved under section 28 or former section 27.

  • Energy year or "EY" means the 12-month period from June 1st

  • Short-Term Resource Procurement Target means, for Delivery Years through May 31, 2018, as to the PJM Region, for purposes of the Base Residual Auction, 2.5% of the PJM Region Reliability Requirement determined for such Base Residual Auction, for purposes of the First Incremental Auction, 2% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, for purposes of the Second Incremental Auction, 1.5% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, as to any Zone, an allocation of the PJM Region Short-Term Resource Procurement Target based on the Preliminary Zonal Forecast Peak Load, reduced by the amount of load served under the FRR Alternative. For any LDA, the LDA Short-Term Resource Procurement Target shall be the sum of the Short-Term Resource Procurement Targets of all Zones in the LDA.

  • Renewable energy project means (A) a project

  • Renewable energy means the grid quality electricity generated from renewable energy sources;

  • Annual Energy Use means, (i) with respect to the first 5 years following the Effective Date, the annual electricity usage, expressed in kilowatt hours (“kWhs”), within the Party’s respective jurisdiction and (ii) with respect to the period after the fifth anniversary of the Effective Date, the annual electricity usage, expressed in kWhs, of accounts within a Party’s respective jurisdiction that are served by the Authority and (b) “Total Annual Energy” means the sum of all Parties’ Annual Energy Use. The initial values for Annual Energy use are designated in Exhibit C, and shall be adjusted annually as soon as reasonably practicable after January 1, but no later than March 1 of each year

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Solar energy system means a system of components that produces heat or electricity, or both, from

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant. Facilities Study:

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Net energy metering means the difference between the kilowatt-hours consumed by a customer-generator and the kilowatt-hours generated by the customer- generator's facility over any time period determined as if measured by a single meter capable of registering the flow of electricity in two directions.

  • Small wind energy system means a wind energy conversion system that collects and converts wind into energy to generate electricity which has a nameplate generating capacity of one hundred kilowatts or less.

  • Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Annual Resource Price Adder means, for Delivery Years starting June 1, 2014 and ending May 31, 2017, an addition to the marginal value of Unforced Capacity and the Extended Summer Resource Price Adder as necessary to reflect the price of Annual Resources required to meet the applicable Minimum Annual Resource Requirement. Annual Revenue Rate:

  • Electric generation service means the provision of retail

  • Class II renewable energy means electric energy produced at a