Examples of Adjusted Base Price in a sentence
If the Parties agree on a Market Adjusted Base Price, the Market Adjusted Base Price shall become effective and shall be the “Base Price” as described in Section 3.1 for all purposes hereunder as of January 1st of the first Contract Year of the relevant three (3) year period.
When the Adjusted Base Price (in $/MWh) is less than the ISO-NE Energy Price, the hourly positive adjustment shall equal the delivered MWhs multiplied by the difference between the ISO-NE Energy Price and the Adjusted Base Price.
The Market Adjusted Base Price shall include all adjustments to the Base Price made pursuant to Section 3.3 prior to the date that such Market Adjusted Base Price is determined.
Except for disputes regarding the determination of the Market Adjusted Base Price, which shall be settled in accordance with Section 3.4, any controversy, claim, counterclaim, dispute, difference or misunderstanding arising out of or relating to the interpretation or application of this Agreement (a “Dispute”), shall be resolved by the Parties in accordance with this Article 14.
The Excess MWh Adjustment shall equal the quantity of excess Energy multiplied by the difference between (i) the Average LMP Price and (ii) the weighted average Adjusted Base Price for MWh of Energy paid for at the Adjusted Base Price during such Operating Year.