PJM Western Hub definition
Examples of PJM Western Hub in a sentence
Prices on a daily basis On each Trading Day subsequent to the Transaction Date, the Pricing Agent will contact four Reference Market-Makers to obtain price quotes for on-peak and off-peak energy for PJM Western Hub.
The monthly Off-Peak Energy Forward Prices (to be used as the inception off-peak price “initial ▇▇▇▇” for each month of the Delivery Period) All On-Peak Energy Forward Prices and Off-Peak Energy Forward Prices are based on a Market Price Hub that the Company will specify as follows: PJM Western Hub.
For Tendered Energy generated during On-Peak Hours during any month, the “Peak MWh Charge” for such month shall be the monthly price per MWh set forth for the CME Group’s PJM Western Hub Peak Calendar-Month Day-Ahead LMP Swap Futures (code: J4) settlement prices for each month of the relevant Calendar Year as of the Election Date less $***** per MWh.
The Parties will share the net energy price benefits of UIPs equally by ascertaining and splitting on a 50:50 basis the hourly difference between the weight average price to be charged Buyer to support the load that otherwise would have been incurred and the proxy price for real power market energy which shall be corresponding PJM Western Hub hourly posting.
For Tendered Energy generated during Off-Peak Hours during any month, the “Off-Peak MWh Charge” for such month shall be the monthly price per MWh set forth for the CME Group’s PJM Western Hub Off-Peak Calendar-Month Day-Ahead LMP Swap Futures (code: E4) settlement prices for each month of the relevant Calendar Year as of the Election Date less $***** per MWh.
The Pricing Agent will contact four Reference Market-Makers to obtain bid and ask Energy price quotes for PJM Western Hub Off-Peak Hours for each month of the Delivery Period.
The Pricing Agent will contact four Reference Market-Makers to obtain bid and ask Energy price quotes for PJM Western Hub On-Peak Hours for each month of the Delivery Period.
Daily Basis On each Trading Day subsequent to the Transaction Date, the Pricing Agent will contact four Reference Market-Makers to obtain price quotes for on-peak and off-peak energy for PJM Western Hub.
For example, as of the date of this Amendment, the scheduling deadlines for the following regions are as follows: PJM Western Hub: Daily preschedule by 12:00 pm EPT on business day prior to delivery Into TVA/Cinergy/Entergy/ComEd/Ameren/SOCO: Daily preschedule by 11:00 am CPT on the business day prior to delivery.
The hourly price in dollars per MWh as determined by PJM for the PJM Western Hub plus the Supplier Adder, as set forth in Appendix C hereto.