LMP definition

LMP means the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

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LMP shall have the meaning set forth in the ISO-NE Rules.

LMP has the meaning set forth in the CAISO Tariff.

Examples of LMP in a sentence

• MEC shall purchase all Test Energy produced by the Project during startup and testing at the avoided LMP price.

• In order to provide consistent price signals between their respective real-time energy markets, the Parties shall each incorporate the foregoing process into the real-time settlement LMP at their External Proxy Bus for each CTS Enabled Interface.

• For MISO, LMP is defined as “A price for Energy at a given Commercial Pricing Node in the Transmission Provider Region which is the marginal cost of serving demand at the Commercial Pricing Node while meeting Zonal and Market-Wide Operating Reserve Requirements, Up Ramp Capability requirements, Down Ramp Capability requirements, and Short-Term Reserve Requirements.

• In accordance with Section 4 below, the RTC optimization will determine the External Interface Congestion component of the RTC LMP at a CTS Enabled Interface, which will subsequently be incorporated into the Parties’ real-time settlement LMPs. Wheel-through transactions across a CTS Enabled Interface will be scheduled on an hourly basis.

• The Seller will deliver Energy and related Products to the Buyer during negative pricing conditions so long as the negative LMP is not less than the Negative LMP Floor, and the Buyer will pay for such energy as described in Exhibit P.

More Definitions of LMP

LMP means Lighting and Marking Plan;

LMP means, for any MISO Settlement Interval in each MISO Market, the price at which MISO settles such MISO Market at the Energy Financial Delivery Point for such MISO Settlement Interval; provided, however, that, in the case neither such price nor any successor price any longer exists in MISO or such price (or any successor price) is unavailable for any MISO Settlement Interval, then the LMP shall be such other reference or index price for such MISO Settlement Interval as is reasonably acceptable to the Parties (expressed in $/MWh) that reflects as closely as possible the intention of the Parties as expressed herein. As of the Effective Date, the LMP is, for any MISO Settlement Interval, (a) in the MISO Day-Ahead Energy Market, the Day-Ahead Ex Post LMP (as defined in the MISO Rules) for such MISO Settlement Interval at the Energy Financial Delivery Point and (b) in the MISO Real-Time Energy Market, the Real-Time Ex Post LMP (as defined in the MISO Rules) for such MISO Settlement Interval at the Energy Financial Delivery Point.

LMP means Landscaping Maintenance Plan;

LMP means Locational Marginal Price.

LMP means locational marginal price.

LMP has the meaning set forth in Appendix C of the CAISO Tariff.

LMP. ’ means Line Maintenance Parts which are parts removable or repairable on wing pursuant to the Component Maintenance Manual.