Economic Dispatch Down Clause Samples
Economic Dispatch Down. Each of Buyer and the CAISO has the right to order Seller to curtail deliveries of Energy from a Generation Facility to the Energy Delivery Point for Economic Dispatch Down purposes, seven days per week and 24 hours per day (including holidays), by providing Dispatch Notices and Updated Dispatch Notices to Seller electronically via the communications systems described in Section 15.2, subject to the requirements and limitations set forth in this Agreement, including the Operating Restrictions. Each such Dispatch Notice will be effective unless and until Buyer (or the CAISO) modifies such Dispatch Notice by providing Seller with an Updated Dispatch Notice. In addition to any other requirements set forth or referred to in this Agreement, all Dispatch Notices and Updated Dispatch Notices will be made in accordance with the timelines as specified in the Tariff. ▇▇▇▇▇▇ agrees to adjust the Generation Facility Delivered Energy as set forth in a Dispatch Notice that meets the requirements of Economic Dispatch Down.
Economic Dispatch Down. As of the Effective Date of this Agreement, ISO- NE has not implemented automatic economic dispatch down in the Applicable Rules. Prior to such rules being implemented, the Parties agree that Buyer may call Seller to request a manual economic dispatch down for any reason. After such rules have been implemented, the Parties agree that Buyer shall have the right to direct Seller to enter an Economic Bid to ISO-NE to effectuate an economic dispatch down in accordance with the methodology and bidding schedule agreed to by Seller and Buyer consistent with Applicable Market Rules (Buyer’s instructions to Seller which effectuate both manual and automatic economic dispatch down are referred to herein collectively as “Buyer-Instructed Actions”). In any situation where an ISO-NE Curtailment Order made in response to a Buyer-Instructed Action causes some or all of the Metered Output available from the Project at the P-Node to fail to clear in the ISO-NE energy market, the Deemed Generated Energy shall be quantified by Seller, and Buyer shall pay Seller the Aggregate Contract Price plus the PTC Compensation Amount for the Deemed Generated Energy. For avoidance of doubt, the Parties agree that during times of negative locational marginal pricing in which Buyer chooses not to direct Seller to dispatch down under a Buyer- Instructed Action, and subject to any modifications as agreed on by the Parties, Seller shall bid the Project at the Energy Offer Floor price, and the Buyer shall nevertheless be responsible for any negative locational marginal prices for the Metered Output so generated, in addition to paying Seller the Aggregate Contract Price per MWh. Buyer shall have no liability with respect to any other type of ISO-NE Curtailment Order or any Seller errors or omissions with respect to scheduling the Project.
Economic Dispatch Down