Market Energy Price definition

Market Energy Price means the price as defined in Section 4.3 of this Agreement.
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Market Energy Price means, for each time period at issue, the applicable index price or prices for electricity at the Mid-Columbia hub (“Mid-C”), or its successor, or as agreed to by the Parties where no successor exists.
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Market Energy Price or “MEP” means, in respect of any Half Hour, the Market Energy Price for that Half Hour calculated in accordance with the Market Rules;
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Examples of Market Energy Price in a sentence

  • Figure 2: Calculation of Compensation for Energy Where SQ>IQ PInstructed quantity (IQ)Scheduled quantity (SQ)spq∑ Qm,pq ≤ IQmpq=1Compensationspq-1m,pq∑ Q ≥ SQmpq=1 Market Energy Price (MEP)QPayment at MEP x IEQ The worked examples in Appendix 2 show how the formula would be applied in practice.

  • Seller shall sell and deliver all Test Energy produced by the Facility to Avista at the Point of Delivery and Avista shall receive and purchase all such delivered Test Energy at the lesser of (i) the price in Section 7.2 or (ii) the greater of (x) XX percent (XX%) of the Market Energy Price and (y) zero dollars ($0.00).

  • Selkirk Cogen Partners, L.P. August 27, 1998 Page 5 The Market Energy Price is defined as the locational based market price ("LBMP") for energy for the next day which is applicable to the Selkirk Project.

  • Notwithstanding any other energy pricing provisions in the Agreement, Buyer shall pay the Seller the lesser of the current month Market Energy Price or Contract Price for each kWh of Test Energy.

  • In such case the Partnership would be obligated to make payments to NiMo. The Partnership has two options for augmenting the fixed portions of the Monthly Contract Payment: (1) it can exercise its option, prior to the establishment of a fully functioning ISO/PE to require NiMo to take and purchase up to the contract quantity of energy or capacity, at the Market Energy Price ("Sale Option"); and (2) in lieu of or in addition to sales to Nimo, it can make market sales of Phase I energy or capacity.

  • Managing Opt-out risk requires the establishment of, and adherence to, certain metrics to limit optout risks, such as: • Retail rate competitiveness • Rate Stability Reserves Fund 2.2.2 Market Risk Market (Energy Price) volatility risk of losses due to the movements in power market prices, interest rates, and credit market prices.

  • Wholesale Market Energy Price Descriptions of how the wholesale market operates and establishes the wholesale market energy price can be found on the IESO’s website.

  • The Transportation Price and the O&M Price are adjusted by the Inflation Escalation Factor which is equal to the latest CPI - All Urban Consumers for New York - Northern New Jersey-Long Island, all Items divided by the CPI for July 1998 which is 173.0. The Market Energy Price is equal to $26.30 per MWh in the first contract year as estimated by Slater.

  • The "Contract Energy Payment" will be an amount equal to the product of (i) the difference between the Contract Energy Price and the Market Energy Price, (ii) the Monthly Contract Quantity and (iii) the DMNC Adjustment.

  • QNI Paper 2, page 6 6.1.1.1.2.2 QNI Energy Benefit from a Reduction in Spot Market Energy Price VolatilityBooth observes the reduction in Queensland spot market price volatility which occurred in 2001, and infers that it was primarily due to the commissioning of QNI46.


More Definitions of Market Energy Price

Market Energy Price means eighty-five percent (85%) of the Market Energy Cost.
Sample 1
Market Energy Price means for any Interval (i) prior to and until the establishment of the ISO/PE and the implementation of LBMP pricing hereunder (as defined below), NIAGARA's short-term avoided energy and capacity at the voltage level of the Delivery Point, as stated in its tariff approved by the COMMISSION providing for the purchase of power from PURPA qualifying facilities, which tariff is currently designated as S.C.-6, as the same may be in effect from time to time or any successor tariff thereto (the "S.C.-6 Rate") or such other price as may be agreed upon by NIAGARA and SELLER during individual negotiations, and (ii) on the first day of the month following the calendar month in which the ISO/PE is established and implementing day ahead locational based market pricing ("LBMP"), the LBMP paid to sellers for energy, at the Delivery Point or the region in which the Delivery Point is located, specified and published by the ISO/PE; provided, however, that at such time SELLER and NIAGARA shall conduct good faith negotiations anx xxx xxxxx Reasonable Best Efforts to mutually determine whether to continue the pricing referenced in clause (i) above for a mutually agreed upon additional period of time. The Market Energy Price shall not be reduced or offset by any costs that NIAGARA may incur, including, without limitation, costs for ancillary services, transmission services or transition (stranded) costs.
Sample 1

Related to Market Energy Price

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Net energy metering means the difference between the kilowatt-hours consumed by a customer-generator and the kilowatt-hours generated by the customer- generator's facility over any time period determined as if measured by a single meter capable of registering the flow of electricity in two directions.

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Net Energy The total quantity of electric energy (measured in kilowatt hours) produced by the Facility over a given time period and delivered to the Point of Interconnection, as measured by the revenue meter. "Net Energy" the equivalent of "Actual Output."

  • Catalog price means a price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which sales are currently, or were last, made to a significant number of buyers constituting the general public; and

  • Average Wholesale Price or “AWP” means the benchmark price established by a nationally available reporting service as selected by SOUTHERN SCRIPTS based on the 11-digit National Drug Code (“NDC”) of the Covered Medication dispensed by PHARMACY.

  • Annual Energy Use means, (i) with respect to the first 5 years following the Effective Date, the annual electricity usage, expressed in kilowatt hours (“kWhs”), within the Party’s respective jurisdiction and (ii) with respect to the period after the fifth anniversary of the Effective Date, the annual electricity usage, expressed in kWhs, of accounts within a Party’s respective jurisdiction that are served by the Authority and (b) “Total Annual Energy” means the sum of all Parties’ Annual Energy Use. The initial values for Annual Energy use are designated in Exhibit C, and shall be adjusted annually as soon as reasonably practicable after January 1, but no later than March 1 of each year

  • Supply Price has the meaning set forth in Section 6.2.

  • Useful thermal energy means, with regard to a cogeneration unit, thermal energy that is:

  • Cash price means the price measured in dollars at which a seller of a motor vehicle would in good faith sell to the buyer or to any other buyer under like circumstances, and the buyer would in good faith buy from the seller, the motor vehicle that is the subject matter of an installment sale contract if the sale were a sale for cash instead of an installment sale.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Market Participant Energy Injection means transactions in the Day-ahead Energy Market and Real-time Energy Market, including but not limited to Day-ahead generation schedules, real- time generation output, Increment Offers, internal bilateral transactions and import transactions, as further described in the PJM Manuals.

  • Index Price on a given date shall mean the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies composing the Index Group.

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

  • Average VWAP per Common Unit over a certain period shall mean the arithmetic average of the VWAP per Common Unit for each Trading Day in such period.

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.