Price for Products. Commencing on the Commercial Operation Date, the Price for the Delivered Products in nominal dollars shall be as follows: Contract Year On-Peak Price ($/MWh) Off-Peak Price ($/MWh) 1 $51.51 $51.51 2 $52.80 $52.80 3 $54.12 $54.12 4 $55.47 $55.47 5 $56.86 $56.86 6 $58.28 $58.28 7 $59.74 $59.74 8 $61.23 $61.23 9 $62.76 $62.76 10 $64.33 $64.33 11 $65.94 $65.94 12 $67.59 $67.59 13 $69.28 $69.28 14 $71.01 $71.01 15 $72.78 $72.78 16 $74.60 $74.60 17 $76.47 $76.47 18 $78.38 $78.38 19 $80.34 $80.34 20 $82.35 $82.35 To the extent that the Delivered Products for any month include Qualified Shortfall Energy that cures a TSA Delivery Shortfall, as provided in Section 4.3(c)(ii), the Price to be paid for each megawatt-hour of such Qualified Shortfall Energy shall be increased by the amount that would have been due from Buyer to the U.S. Transmission Provider under the TSA with respect to such TSA Delivery Shortfall had the Non-Excused Outage giving rise to that TSA Delivery Shortfall not occurred, converted to a $/MWh basis assuming 100% Hourly Availability (as defined in the TSA) at the full amount of the Contract Capacity (as defined in the TSA) for that month. Example: If the Price equals $50.00/MWh, the TSA rate equals $10,800.00 per MW of Contract Capacity (as defined in the TSA) per month, and the number of hours in such month equal 720, then the Price for each megawatt-hour of the Qualified Shortfall Energy that cures such TSA Delivery Shortfall for such month equals $65.00/MWh. If the market price at the Delivery Point in the Real-Time Energy Market or the Day-Ahead Energy Market, as applicable based on the market in which the applicable Internal Bilateral transaction was entered pursuant to Section 4.2(a), for Energy Delivered by Seller is negative in any hour, the payment to Seller for deliveries of Qualified Clean Energy or Qualified Shortfall Energy, as applicable, shall be reduced by the difference between the absolute value of the hourly LMP at the Delivery Point and $0.00 per MWh for that Qualified Clean Energy or Qualified Shortfall Energy, as applicable, for each such hour. Each monthly invoice shall reflect a reduction for all hours in the applicable month in which the LMP for the Energy at the Delivery Point is less than $0.00 per MWh.
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Price for Products. Commencing on the Commercial Operation Date, the Price for the Delivered Products in nominal dollars shall be as follows: Contract Year On-Peak Price ($/MWh) Off-Peak Price ($/MWh) 1 $51.51 $51.51 2 $52.80 $52.80 3 $54.12 $54.12 4 $55.47 $55.47 5 $56.86 $56.86 6 $58.28 $58.28 7 $59.74 $59.74 8 $61.23 $61.23 9 $62.76 $62.76 10 $64.33 $64.33 11 $65.94 $65.94 12 $67.59 $67.59 13 $69.28 $69.28 14 $71.01 $71.01 15 $72.78 $72.78 16 $74.60 $74.60 17 $76.47 $76.47 18 $78.38 $78.38 19 $80.34 $80.34 20 $82.35 $82.35 To the extent that the Delivered Products for any month include Qualified Shortfall Energy that cures a TSA Delivery Shortfall, as provided in Section 4.3(c)(ii), the Price to be paid for each megawatt-hour of such Qualified Shortfall Energy shall be increased by the amount that would have been due from Buyer to the U.S. Transmission Provider under the TSA with respect to such TSA Delivery Shortfall had the Non-Excused Outage giving rise to that TSA Delivery Shortfall not occurred, converted to a $/MWh basis assuming 100% Hourly Availability (as defined in the TSA) at the full amount of the Contract Capacity (as defined in the TSA) for that month. Example: If the Price equals $50.00/MWh, the TSA rate equals $10,800.00 per MW of Contract Capacity (as defined in the TSA) per month, and the number of hours in such month equal 720, then the Price for each megawatt-hour of the Qualified Shortfall Energy that cures such TSA Delivery Shortfall for such month equals $65.00/MWh. If Solely for purposes of Buyer’s accounting for the market price at Products purchased under the Delivery Point in the Real-Time Energy Market or the Day-Ahead Energy Market, as applicable based on the market in which the applicable Internal Bilateral transaction was entered pursuant Agreement and Price to Section 4.2(a), be paid for Energy Delivered by Seller is negative in any hoursuch Products, the payment to Seller for deliveries of Qualified Clean Energy or Qualified Shortfall Energy, as applicable, shall be reduced by the difference between the absolute value of the hourly LMP at the Delivery Point and $0.00 Price per MWh for that Qualified Clean the Products shall be allocated between Energy or Qualified Shortfall Energy, and Environmental Attributes as applicable, for each such hour. Each monthly invoice shall reflect a reduction for all hours in the applicable month in which the LMP for the Energy at the Delivery Point is less than $0.00 per MWh.follows:
Appears in 2 contracts
