Green Value definition

Green Value consists of the market value of (a) avoided greenhouse gas emissions and/or credits associated with RPS Compliant energy, and (b) all other Environmental Attributes and avoided emissions related attributes and benefits that would otherwise have been realized had Seller generated the PV Delivered Energy for the applicable Contract Year, and shall be calculated as an amount equal to the time weighted average of the prices of greenhouse gas emissions reduction and other Environmental Attributes (as published in commercial indices related to California energy markets) that would have been realized for each MWh of the Shortfall Energy;
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Green Value means, at the time of calculation, (i) the time weighted average of the daily prices of Green Attributes (as published in an index for a liquid traded market for Green Attributes which includes California) which shall in no event exceed $50/MWh; or (ii) if a liquid traded market for Green Attributes does not exist at the time of the calculation, then the price of Green Value shall be fixed at $30/MWh for purposes of such calculation.
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Green Value means the market value of RECs associated with energy from solar generating facilities similar to the Generating Facility, and shall be calculated as an amount equal to the average of the prices over the relevant Output Period from which any shortfall originally accrued (as published in commercial indices related to California energy markets), provided that if for any such Output Period there does not exist a liquid trading market or published index that is mutually agreeable to the Parties to determine such Green Value, the Green Value will be equal to the lesser of (i) the actual replacement cost for the RECs expressed in $/MWh, and (ii) the price equal to the average of three (3) bona fide relevant market estimates of average prices over the relevant Output Period obtained by the Parties under mutually agreed procedures during the Output Period immediately following an Output Period in which a shortfall described in Section 9.1 originally accrues.
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Examples of Green Value in a sentence

  • Seller shall maintain all records pertaining to its performance of services pursuant to this Agreement (including but not limited to all ▇▇▇▇▇▇▇▇, costs, metering, Green Attributes, and Green Value) sufficient to verify all costs claimed to have been incurred and services performed (including Products delivered) pursuant to this Agreement.

  • The Green Value shall equal the average cost over the applicable Contract Year per REC associated with Energy meeting Portfolio Content Category 1 pursuant to CPUC §399.16 (b)(1), but not more than $50 (per REC); provided that if for any Contract Year there does not exist a liquid trading market to determine such average REC cost, the Parties agree that the Green Value will be $50 (per REC).

  • The parties who desire to promote a mutual interest of promoting sustainable landscapes through the development of Green Value Chains have agreed to work together to develop organic value chains for agriculture crops within the Mole landscape.


More Definitions of Green Value

Green Value consists of the market value of (a) avoided greenhouse gas emissions and/or credits associated with RPS Compliant Energy, and (b) all other Environmental Attributes and avoided emissions-related attributes and benefits that would otherwise have been realized had Seller generated the Guaranteed Energy Production, and shall be calculated as an amount equal to the time-weighted average of the prices of greenhouse gases and other Environmental Attributes (as published in commercial indices related to California energy markets) that would have been realized for each MWh of the GEP Shortfall, provided that if for any Contract Year there does not exist a liquid trading market that is mutually agreeable to the Parties to determine such Green Value, the Green Value will be equal to the lesser of the replacement cost for the attributes described in clauses (a) and (b) above, expressed in $/MWh, or $25/MWh.
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