Spark Spread definition

Spark Spread means, for a particular calendar month, (a) the Power Price for such month, minus (b) the Gas Cost for such month, minus (c) the spread strike for such month as set forth on Schedule G .

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Spark Spread for any calendar month is an amount equal to: where:

Spark Spread means the difference between fuel costs and the revenues received for electric generation

Examples of Spark Spread in a sentence

In the event of a Partial Taking as a result of which the capacity of the Project is reduced, this Lease shall continue in full force and effect for the remainder of the Term and : (a) Fixed Rent shall be adjusted as set forth in the same manner as for changes in "C" under Section 3.2(c), and (b) Variable Rent shall be adjusted by adjusting the factor "C" in the formula stated in Section 3.4(c) for calculating the Spark Spread to conform with the reduced capacity of the Project.
A) Calculation of Clean Spark Spread for a standard (50%) CCGT ("CSS50%CCGT").
The Variable Rent payable for a calendar month under this Section 3.4 will be an amount equal to 1 percent (1%) of the Spark Spread for that calendar month.
As of the date of this Agreement, the indices used to determine the various Applicable Power Prices and Applicable Fuel Prices under this Agreement are the same as those indices used in the Index Hedge (which is designed to provide the Company a hedge against the Daily Spark Spread Amounts hereunder).
Section 4.3(c) is amended by replacing "Monthly Amounts" with "Monthly Spark Spread Amounts" in each place where it occurs in Section 4.3(c).

More Definitions of Spark Spread

Spark Spread means, for a particular calendar month, (a) the Power Price for such month, minus (b) the Gas Cost for such month, minus (c) the spread strike for such month as set forth on Schedule G.

Spark Spread has the meaning set forth in Section 2 of Exhibit 8.7.

Spark Spread means, for any Facility, the Applicable Power Price minus the sum of (i) the product of the Applicable Fuel Price times the Applicable Heat Rate and (ii) the Variable O&M Amount.