Hourly Fuel Price Sample Clauses

Hourly Fuel Price. The Hourly Fuel Price for Units shall be the same for each hour of a given day and is calculated in accordance with Equation C1-8. Equation C1-8 (Gas) Hourly Fuel Price ($/MMBtu) = Commodity Price ($/MMBtu) + Intrastate Transportation Rate ($/MMBtu) Equation C1-8 (Oil) Hourly Fuel Price ($/MMBtu) = Commodity Price ($/MMBtu) + Transportation Rate ($/MMBtu) Commodity Price for Natural Gas For the Facilities within the service area of SCE or SDG&E, the Commodity Price shall be the product of 1.02 and the simple average of the following indices: Gas Daily, SoCal Gas, Large Packages index (midpoint) BTU Daily Gas Wire, SoCal Border index, Topock NGI Daily Gas Price Index, Southern California Border (average) For the Facilities within the service territory of PG&E, the Commodity Price shall be the product of 1.02 and the simple average of the following indices: Gas Daily, PG&E Citygate index (midpoint) NGI Daily Gas Price Index, PG&E Citygate (average) The indices to be used for each Settlement Period in a given day are shown in Table C1-
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Hourly Fuel Price. The Hourly Fuel Price for Units shall be the same for each hour of a given day and is calculated in accordance with Equation C1-8. Equation C1-8 (Gas) Hourly Fuel Price ($/MMBtu) = Commodity Price ($/MMBtu) + Intrastate Transportation Rate ($/MMBtu) Equation C1-8 (Oil) Hourly Fuel Price ($/MMBtu) = Commodity Price ($/MMBtu) + Transportation Rate ($/MMBtu) Commodity Price for Natural Gas For the Facilities within the service area of SCE or SDG&E, the Commodity Price shall be the product of 1.02 and the simple average of the following indices: Gas Daily, SoCal Gas, Large Packages index (midpoint) BTU Daily Gas Wire, SoCal Border index, Topock NGI Daily Gas Price Index, Southern California Border (average) For the Facilities within the service territory of PG&E, the Commodity Price shall be the product of 1.02 and the simple average of the following indices: Gas Daily, PG&E Citygate index (midpoint) NGI Daily Gas Price Index, PG&E Citygate (average) The indices to be used for each Settlement Period in a given day are shown in Table C1-8. Where more than one day’s index is shown for a Trading Day, the average of the two daily indices should be used. If an applicable index for a day, which is used to compute the index’s average for a Trading Day, is not published, then that index will not be used to compute the Commodity Price for that trading day. If no index for a day is published, then the average of applicable indices on the Index Publication Date preceding and the Index Publication Date following such day will be substituted for the Index Publication Date index for that day in Table C1-8. In the event that an index ceases to be published, Parties shall agree on a replacement index. Table C1-8 Natural Gas Price Indices Index Publication Date* Trading Day Gas Daily ** Btu Daily ** Gas Wire NGI Daily ** Price Index Tuesday Tuesday/ Wednesday Monday/ Tuesday Tuesday/ Wednesday Wednesday Wednesday/ Thursday Tuesday/ Wednesday Wednesday/ Thursday Thursday Thursday/ Friday Wednesday/ Thursday Thursday/ Friday Friday Friday/ Monday Thursday/ Friday Friday/ Monday Saturday Monday/ Tuesday Friday/ Monday Monday/ Tuesday Sunday Monday/ Tuesday Friday/ Monday Monday/ Tuesday Monday Monday/ Tuesday Friday/ Monday Monday/ Tuesday *The Index Publication Date is the date of the publication which contains the prices for the applicable Trading Day. **Where more than one day’s index is shown for a Trading Day, the average of the two daily indices should be used.
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Related to Hourly Fuel Price

  • Unit Price Unless the bidder clearly indicates that the price is based on consideration of being awarded the entire lot and that an adjustment to the price was made based on receiving the entire bid, any difference between the unit price correctly extended and the total price shown for all items shall be offered shall be resolved in favor of the unit price.

  • CONTRACT PRICE/PRICE LIMITATION/ PAYMENT 5.1 The contract price, method of payment, and terms of payment are identified and more particularly described in EXHIBIT C which is incorporated herein by reference.

  • Contract Price Adjustment The basis upon which the Contract Price shall be adjusted is as set out in paragraph 9.2 of Schedule IVB.

  • CAISO Monthly Billed Fuel Cost [for Geysers Main only] The CAISO Monthly Billed Fuel Cost is given by Equation C2-1. CAISO Monthly Billed Fuel Cost Equation C2-1 = Billable MWh ◆ Steam Price ($/MWh) Where: • Steam Price is $16.34/MWh. • For purposes of Equation C2-1, Billable MWh is all Billable MWh Delivered after cumulative Hourly Metered Total Net Generation during the Contract Year from all Units exceeds the Minimum Annual Generation given by Equation C2-2. Equation C2-2 Minimum Annual Generation = (Annual Average Field Capacity ◆ 8760 hours ◆ 0.4) - (A+B+C) Where: • Annual Average Field Capacity is the arithmetic average of the two Field Capacities in MW for each Contract Year, determined as described below. Field Capacity shall be determined for each six-month period from July 1 through December 31 of the preceding calendar year and January 1 through June 30 of the Contract Year. Field Capacity shall be the average of the five highest amounts of net generation (in MWh) simultaneously achieved by all Units during eight-hour periods within the six-month period. The capacity simultaneously achieved by all Units during each eight-hour period shall be the sum of Hourly Metered Total Net Generation for all Units during such eight-hour period, divided by eight hours. Such eight-hour periods shall not overlap or be counted more than once but may be consecutive. Within 30 days after the end of each six-month period, Owner shall provide CAISO and the Responsible Utility with its determination of Field Capacity, including all information necessary to validate that determination. • A is the amount of Energy that cannot be produced (as defined below) due to the curtailment of a Unit during a test of the Facility, a Unit or the steam field agreed to by CAISO and Owner. • B is the amount of Energy that cannot be produced (as defined below) due to the retirement of a Unit or due to a Unit’s Availability remaining at zero after a period of ten Months during which the Unit’s Availability has been zero. • C is the amount of Energy that cannot be produced (as defined below) because a Force Majeure Event reduces a Unit’s Availability to zero for at least thirty (30) days or because a Force Majeure Event reduces a Unit’s Availability for at least one hundred eighty (180) days to a level below the Unit Availability Limit immediately prior to the Force Majeure Event. • The amount of Energy that cannot be produced is the sum, for each Settlement Period during which the condition applicable to A, B or C above exists, of the difference between the Unit Availability Limit immediately prior to the condition and the Unit Availability Limit during the condition.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • CONTRACT AMOUNT Compensation amount(s), when stated in this Bid Specifications, shall not be construed as either the maximum or minimum amount which Department shall be obligated to accept as the result of this Bid Specifications or any Agreement entered into as a result of this Bid Specifications.

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