DER Unit definition

DER Unit means the generating facility or storage facility owned and/or operated by the Provider with a single Connection Agreement to the SPN Network, that is capable of providing one or more of the Power Potential Services, as described in Schedule 4 (DER Unit Information);
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DER Unit. 1: A fully compliant DER that does not require supplemental DER devices to meet the IEEE 1547 requirements.
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DER Unit means the generating facility or storage facility described in Schedule 5;
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Examples of DER Unit in a sentence

  • A DER Unit must complete the Active Power Service elements of the Mandatory Technical Trial before the Provider can offer Active Power Response in any Power Potential Tender.

  • Every hour that a DER Unit is available will contribute towards its Participation Payments.

  • In any month where a Provider has already received payments in respect of a DER Unit, additional payments will only be made to reflect the additional hours the DER Unit was made available but have not yet been remunerated for.

  • Participation Payments will be made in line with a monthly settlement process where the cumulative number of hours for which a DER Unit was available will be calculated and settled accordingly, in line with the Table 1 below.

  • Specifically, the total number of hours a DER Unit has been available for will be summed, the Participation Payments deduced in line with these hours, and any existing payments made will be subtracted so that only the difference is paid to the DER Provider.

  • Note: 1 Payment is capped to Contracted Mvars, thus if a DER Unit is not declared Available, then there is no payment.

  • If so, subject to the DER Unit having successfully completed all DER Commissioning Tests, UKPN shall reimburse the Provider’s reasonable third party costs and expenses incurred in connection with the DER Commissioning Tests up to a maximum aggregate amount of £45,000, as detailed in clause 9.7.

  • If so, subject to the DER Unit having successfully completed all DER Commissioning Tests, UKPN shall reimburse the Provider’s reasonable third party costs and expenses incurred in connection with the DER Commissioning Tests up to a maximum aggregate amount of £45,000.

  • Note: 1 Payment is capped to Contracted MVARs, thus if a DER Unit is not declared Available, then there is no payment.

  • UKPN may monitor the performance of the DER Unit using the DERMS Monitoring: if the DER Unit has had an accepted Availability offer for the current Settlement Period, to determine whether it is Available; and if a Voltage Arming Instruction and (where applicable) a Voltage Set Point Instruction has been issued in respect of the DER Unit, to determine the level of Reactive Power Response delivered.

Related to DER Unit

  • NAV per Unit means the NAV of the Company divided by the number of Units then outstanding.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Unit Share means a Common Share comprising part of each Unit;

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Per Unit Purchase Price equals $7.05, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • target unit means a facility or group of facilities to which an underlying agreement applies; “tCO2 equivalent” means tonnes of carbon dioxide equivalent;

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Service Unit means a standardized measure of consumption, use, generation, or discharge attributable to an individual unit of development calculated in accordance with generally accepted engineering or planning standards for a particular category of capital improvements.

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;