Off-Peak Price definition
Examples of Off-Peak Price in a sentence
The TOU Off-Peak Price is determined based on the percentage discount below the Time-of-Use On-Peak Price (“TOU On-Peak Price”) – The price in dollars per MWh indicated in the Transaction Confirmation as determined pursuant to the TOU Solicitation, which will be applicable during the On-Peak hours of the Delivery Period.
This Statement will show the amounts due to the TOU Supplier, equal to the sum of: (a) an off-peak charge equal to the product of the TOU Off-Peak Price and the sum of the PHEA in each TOU Off-Peak Hour of the Billing Month, and (b) an on-peak charge equal to the product of the TOU On-Peak Price and the sum of the PHEA in each TOU On-Peak Hour of the Billing Month.
Time-of-Use Off-Peak Price (“TOU Off-Peak Price”) – The price in dollars per MWh indicated in the Transaction Confirmation as determined pursuant to the TOU Solicitation, which will be applicable during the Off-Peak hours of the Delivery Period.
In this case, the Off-Peak Forward Price will be calculated as the product of the Off-Peak Price Ratio and the annual price quote.