Avoided cost rates definition

Avoided cost rates. – means an electric public utility's calculation of its long-term, levelized avoided energy and capacity costs utilizing the methodology most recently approved or established by the Commission as of 30 days prior to the date of the electric public utility's upcoming CPRE RFP Solicitation for purchases of electricity from qualifying facilities pursuant to Section 210 of the Public Utility Regulatory Policies Act of 1978, as amended. The electric public utility's avoided cost rates shall be used for purposes of determining the cost effectiveness of renewable energy resources procured through a CPRE RFP Solicitation. With respect to each CPRE RFP Solicitation, the electric public utility's avoided costs shall be calculated over the time period of the utility's pro forma contract(s) approved by the Commission.
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Avoided cost rates means an electric power supplier’s most recently approved or established avoided cost rates in North Carolina, as of the date the contract is executed, for purchases of electricity from qualifying facilities pursuant to the provisions of Section 210 of the Public Utility Regulatory Policies Act of 1978. If the Commission has approved an avoided cost rate for the electric power supplier for the year when the contract is executed, applicable to contracts of the same nature and duration as the contract between the electric power supplier and the seller, that rate shall be used as the avoided cost. Therefore, for example, for a contract by an electric public utility with a term of 15 years, the avoided cost rate applicable to such a contract would be the comparable, Commission-approved, 15-year, long-term, levelized rate in effect at the time the contract was executed. In all other cases, the avoided cost shall be a good faith estimate of the electric power supplier’s avoided cost, levelized over the duration of the contract, determined as of the date the contract is executed; provided, however, that development of such estimates of avoided cost by an electric public utility shall include consideration of the avoided cost rates then in effect as established by the Commission. Determinations of avoided costs, including estimates thereof, shall be subject to continuing Commission oversight and, if necessary, modification should circumstances so require.
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Examples of Avoided cost rates in a sentence

  • Avoided cost rates reflect the variable and fixed costs of a CCCT.103 The Oregon Commission rejected use of a market methodology in resource deficient periods and chose the proxy methodology instead because it better reflected the longer- term resource decisions that a utility must acquire when it is in a deficient period.

  • Avoided cost rates are determined based on the next increment of energy or capacity available to the purchasing utility.

  • In Vietnam, the limit number of foreign workers is 3% of a firm’s fulltime workforce, a significant constraint to the entry of foreign professionals into the country.

  • Avoided cost rates which are referenced in HB 1320 are very complicated rates currently determined by the IURC via 170 Indiana Administrative Code (IAC) 4- 4.1. These rates are filed with the IURC annually.

  • Avoided cost rates should not provide incentives for a utility to increase its surplus period.

  • Avoided cost rates must include all of the avoided costs of generation—including those that the utility chooses to shift from MISO payments to ratepayers.

  • Avoided cost rates are those that PGE offers under must take contracts, e.g. from qualifying facilities (QF) based on a Commission established methodology for setting such avoided costs.

  • Avoided cost rates update at least on an annual basis, and one year provides more than sufficient time for a QF to move into development of its facility after the LEO is established—the legally enforceable obligation that the QF will build a project and deliver generation.

  • Avoided cost rates are higher when the company is in a resource-deficit position and lower when the company is resource-sufficient.

  • Avoided cost rates should be adjusted by reducing capacity payments for the month if the QF’s on peak capacity factor, or “availability,” is less than the utility proxy plant.

Related to Avoided cost rates

  • Avoided costs means the incremental costs to an electric utility of electric energy or capacity or both which, but for the purchase from the qualifying facility or qualifying facilities, such utility would generate itself or purchase from another source.

  • Mandatory Cost Rate means, with respect to any period, a rate per annum determined in accordance with Schedule 1.01.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Additional Cost Rate has the meaning given to it in Schedule 4 (Mandatory Cost formulae).

  • Support Cost Rate means the flat rate at which the Partner will be reimbursed by UN Women for its Support Costs, as set forth in the Partner Project Document and not exceeding a rate of 8% or the rate set forth in the Donor Specific Conditions, if that is lower. The flat rate is calculated on the eligible Direct Costs.

  • Deactivation Avoidable Cost Rate means the formula rate established pursuant to Tariff, Part V, section 115 of this Tariff. Deactivation Date:

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Avoidable Cost Rate means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6. Balancing Congestion Charges: “Balancing Congestion Charges” shall be equal to the sum of congestion charges collected from Market Participants that are purchasing energy in the Real-time Energy Market minus [the sum of congestion charges paid to Market Participants that are selling energy in the Real-time Energy Market plus any congestion charges calculated pursuant to the Joint Operating Agreement between the Midcontinent Independent Transmission System Operator, Inc. and PJM Interconnection, L.L.C. (PJM Rate Schedule FERC No. 38), plus any congestion charges calculated pursuant to the Joint Operating Agreement Among and Between New York Independent System Operator Inc. and PJM Interconnection, L.L.C. (PJM Rate Schedule FERC No. 45), plus any congestion charges calculated pursuant to agreements between the Office of the Interconnection and other entities, plus any charges or credits calculated pursuant to Operating Agreement, Schedule 1, section 3.8, and the parallel provisions of Tariff, Attachment K-Appendix, section 3.8, as applicable)].

  • Stranded cost means the amount by which the net cost of an

  • Bondable stranded costs rate order means one or more

  • Mandatory Cost means, with respect to any period, the percentage rate per annum determined in accordance with Schedule 1.01.

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.

  • Penalty Rate means the Stated Rate plus two percent (2.00%) per annum of the Liquidation Price of each share of Series A Preferred Stock.

  • Excluded Costs means all of the following costs and expenses incurred in connection with the provision of the Management Services hereunder:

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • Market Disruption Rate means the rate (if any) specified as such in the Reference Rate Terms.

  • Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

  • GST Rate means the percentage amount of GST payable determined under section 9-70 of the Act as amended from time to time;

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Increased Costs of Hedging means that the Issuer has to pay a substantially higher amount of taxes, duties, expenditures and fees (with the exception of broker fees) compared to the First Trade Date in order to

  • Increased Cost has the meaning specified in Section 3.01.

  • Replacement Reference Rate means a reference rate which is:

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;