Consistent Application of TODs. Time of Delivery (“XXX”) factors are addressed in Confidential Appendix D.
Consistent Application of TODs. PG&E used the XXX factors associated with its 2011 solicitation year.3 3 See Resolution E-4199 at 36 (“Contracts re-filed for approval of a price amendment should be compared against the most recent approved set of MPRs and the TODs associated with that solicitation year.”) Advice 4048-E May 25, 2012
Consistent Application of TODs. Time of Delivery (“XXX”) factors are applied to a non-time differentiated purchase price in order to weight payments according to the value of electricity delivered during various periods. The project is expected to deliver like a baseload resource and therefore should have deliveries in all periods. Consequently, the XXX factors have significantly less impact on total payments compared to other projects that operate at lower capacity factors and have deliveries in primarily the high XXX periods. XXX factors are further discussed in confidential Appendix D.
Consistent Application of TODs. The Time of Day (XXX) factors are applied against the MPR for the project under consideration to enable comparison between the bid price and the MPR during different time periods. The revised XXX factors that PG&E used in its analysis are based upon recent forward market prices wholesale power.
Consistent Application of TODs. The price for the power under the Amended and Restated PPA is not subject to Time of Delivery (“XXX”) adjustments.
