Capacity Price. The Capacity Price shall be $X/MW-Day for the Period of Delivery. The Capacity Price shall be payable monthly as set forth below. Energy Price: Not applicable. The Seller has no obligation to provide energy or any product other than Capacity and the Buyer has no obligation to purchase energy or any product other than Capacity. Seller must offer Capacity in the amount of the Contract Quantity (hereinafter defined) to MISO consistent with MISO Module E requirements. Contract Quantity: X MW per hour for the entire Period of Delivery. Transaction K Capacity Source: XXXXX defined by MISO as CP Node XXXXX in the most recent MISO Generation Deliverability Test Result Results (which currently are February 28, 2008). The CP Node for the Capacity Source shall be as defined above. However, to the extent Seller desires to change the CP Node, Seller shall provide written and verbal notice to Buyer by no later than one hour prior to the close of the MISO day-ahead energy market for the applicable delivery day. Buyer will accept this change so long as the capacity at the replacement CP Node meets the definition of Capacity listed in the Product section above. Notwithstanding the foregoing, Seller agrees that it shall use reasonable efforts to assist Xxxxx in complying with any resource adequacy requirements imposed by any applicable legal authority, including without limitations, the requirements and business practices of MISO, NERC, SERC, Ameren's Illinois Balancing Authority or any successor thereto, or any other applicable legal authority. Delivery Point: CP Node of the Capacity Source, which is [____________] CP Node, or the CP Node of any replacement Capacity Source as provided herein.Busbar of the Capacity Source within MISO at the [__________] CP Node or the busbar of any replacement Capacity Source as provided herein.
Capacity Price has the meaning set forth in Section 4.1(a).] [For Baseload, Peaking, or Dispatchable Product only: “Capacity Test” shall be the complete capacity testing procedure for the Project that is reasonably acceptable to Buyer that Seller shall develop no later than thirty (30) days prior to the initial capacity testing of the Project prior to the Commercial Operation Date. The capacity testing procedure shall describe in detail the testing standard(s) to be used for the technology of the Project, the conditions under which testing shall take place, the average summer ambient conditions to which the results will be corrected, and the testing procedures. The same capacity testing procedure shall be applied to all subsequent Capacity Tests.]
Examples of Capacity Price in a sentence
PG&E’s then current As-Delivered Capacity Price calculation is shown in Appendix C of the Agreement.
PG&E’s then current energy price calculation is shown inTable A, Appendix B of the PPA.Capacity PriceThe Capacity Price in the Legacy PPA was based on 100% of the shortage value of as-delivered capacity.
Where the Unavoidable Future Investment (UFI) costs will result in the unit’s Net Going Forward Costs (NGFC) exceeding the Existing Capacity Price Cap (ECPC set at €54,586/MWd/year for the 2027/28 T-4 auction6) the market participant can apply to the RAs for a Unit Specific Price Cap (USPC).
CP is the Capacity Price expressed in Dollars per kW-year, for the applicable month.
𝐶𝑃𝐼𝑎𝑑𝑗𝑢𝑠𝑡𝑒𝑑 means the CPI for the month in which the relevant Capacity Auction Approval Date occurs adjusted for any inflation adjustments made to the Auction Price Cap and Existing Capacity Price Cap by the Regulatory Authorities up to the month of June prior to the commencement of the relevant Capacity Year.
More Definitions of Capacity Price
Capacity Price has the meaning set forth in Section 3 of Exhibit D.
Capacity Price with respect to any month, shall mean (a) the Negotiated Capacity Price or (b) in the event that the Parties fail to agree upon a Negotiated Capacity Price on or before the Contract UCAP Transfer Deadline, the price for UCAP for such month established pursuant to the next UCAP Monthly Supply Auction; provided, however, if no price for UCAP is established in the next UCAP Monthly Supply Auction, the price to be used is that established pursuant to the last UCAP Monthly Supply Auction in which UCAP was transacted.
Capacity Price set forth in the following table shall be used to calculate the RA Capacity Payment. The Capacity Price is unique to this agreement and specific to the Generating Facility. {Drafting Note: The prices within this table will be populated with values from the most recent Contract Price Advice Letter filed pursuant to the Decision by Buyer as of the Effective Date.} Month 1 - Peak 2 - Partial-Peak 3 - Off-Peak Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Capacity Price means (i) the price as specified in Attachment A, Exhibit 1 in US dollars per kW-Month or, (ii) the price as specified in Attachment A, Exhibit 1 in US dollars per kW-Day multiplied by the number of days in the relevant Billing Cycle.
Capacity Price. The $kW-yr capacity purchase price from the Capacity Payment Schedule for the Contract Term and date of Firm Operation.
Capacity Price shall have the meaning set forth in Section 6.1. “Contract Term” shall have the meaning set forth in Section 2.1.
Capacity Price or “CP” means the dollar per megawatt amount ($/MW) for each corresponding calendar month of a given Contract Year as established in Exhibit D.