HOEP definition

HOEP or “Hourly Ontario Energy Price” has the meaning provided to it in the IESO Market Rules, and expressed in Dollars per MWh, and includes any applicable successor price, including any applicable successor locational marginal price applicable to the Connection Point.

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HOEP means Hourly Ontario Energy Price;

HOEP or the “Hourly Ontario Energy Price” means the arithmetic average of the uniform Ontario energy prices determined for each of the twelve five-minute dispatch intervals in a particular hour and determined by the System Operator using the variables, data and formulae set forth in the IESO Market Rules in effect as of the date hereof. For the purposes of this Agreement, HOEP is expressed in dollars per MWh.

Examples of HOEP in a sentence

For purposes of Article 4 and Exhibit 4.2, following a Price Indicator Unavailability Event, each reference to HOEP (or the replacement value for HOEP under LMP as determined through the application of Section 1.7, or the Replacement Price referred to in Section 1.8, as the case may be) shall be deemed to be a reference to the applicable Actual Hourly Energy Payment.
For purposes of calculations of payments hereunder based on HOEP following such Price Evolution Event, each reference to HOEP or, if applicable, LMP, as the case may be, shall be deemed to be a reference to the applicable Replacement Price, and each reference to IESO-Administered Markets will be deemed to be a reference to such other market, if applicable.
For purposes of calculations of payments hereunder based on HOEP at and after LMP comes into effect, each reference to HOEP shall be deemed to be a reference to such Receivable Price.
If LMP is implemented by the System Operator, this Agreement will be modified so that all references to HOEP (or the Replacement Price if LMP is implemented after a Price Evolution Event as provided in Section 1.8) will be replaced as a reference index at and after LMP comes into effect, and the substitute reference index for each MWh will be the Receivable Price.
This rate will include approved monthly charges for standby or other expenses, plus HOEP.

More Definitions of HOEP

HOEP or the “Hourly Ontario Energy Price” has the meaning provided to it in the IMO Market Rules, and expressed in Dollars per MWh.

HOEP means the Hourly Ontario Financial Power Price as published by IESO on their website. In the event that Locational Marginal Pricing is introduced in the Ontario financial power market or Exchange determines, in its sole discretion acting reasonably, that the HOEP is no longer the applicable reference to determine the Floating Price Description for the Ontario Financial Power Products, the Floating Price Description for the Ontario Financial Power Products shall be the Day- Ahead Market (DAM) Ontario Zonal Price as defined and published by the IESO;

HOEP means Hourly Ontario Energy Price. See “Description of the business – Production Method, Principal Markets, Distribution Methods and Material Facilities – Power Generation: Thermal – Energy From Waste – Material Facilities – EFW Facility”.

HOEP means the Hourly Ontario Financial Power Price as published by IESO on their website. In the event that Locational Marginal Pricing is introduced in the Ontario financial power market or Exchange determines, in its sole discretion acting reasonably, that the HOEP is no longer the applicable reference to determine the Floating Price Description for the Ontario Financial Power Products, the Floating Price Description for the Ontario Financial Power Products shall be the Ontario Zonal Price as defined and published by the IESOhourly price paid by a Load Facility at the nodal, zonal or other price reference location on the IESO-controlled Grid that is either at, includes or is closest to the Cherrywood Transformer Station;

HOEP or "Hourly Ontario Energy Price" shall have the meaning set out in the Market Rules.

HOEP means the final hourly market clearing price for electricity as posted on the IESO website at www.ieso.ca.

HOEP is defined in Section 10(dd) of Schedule "E"; "IESO" is defined in Section 10(ee) of Schedule "E";