Contract ICAP Price definition
Contract ICAP Price means the price expressed in $/MW to be paid for the Committed Capacity Amount for a month as set forth in Schedule IV.
Examples of Contract ICAP Price in a sentence
The monthly Supplemental Capacity Payment for the LRP Resource will commence on the first day of the month following the Service Date and will be equal to the Contract ICAP Price (for the preceding month) multiplied by the ICAP Credit Amount (for the preceding month).
Notwithstanding anything to the contrary contained in this Agreement, the Supplemental Capacity Payment for any month shall not exceed one hundred twenty percent (120%) of the product of the Contract ICAP Price and the Committed Capacity Amount.