Average Contract Price definition

Average Contract Price means, with respect to the relevant period, the result obtained by subtracting the amount calculated under (B) below from the amount calculated under (A) below; provided that if the subtraction yields a negative number, then the Average ZEC Payment shall be zero: (A) the simple average of the Social Cost of Carbon, as defined in Section 1- 75(d-5)(1)(B) of the IPA Act, during such relevant period. (B) the simple average of the market price indices, as defined in Section 1- 75(d-5)(1)(B) of the IPA Act, during such relevant period, minus the baseline market price index, as defined in Section 1-75(d-5)(1)(B) of the IPA Act.
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Related to Average Contract Price

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.