Common use of PRICE TERMS Clause in Contracts

PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing term of this TC and may only be subject to change as a result of a Change in Law as described in th e Participant Agreement, provided, however, Participant’s overall electricity bill may fluctuate monthly depending on Participant’s usage variations, and whether certain cost componen ts are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during the existing term of this TC to the extent the related charges assessed or charged vary for any reason. Supplier will pass through Energy Costs using the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated herein. Such RTTs may cover the purchase of (1) energy to fix Participant’s price for energy for a supply period of three months or longer equal to a prescribed percentage of Participant’s load volume; and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. If Participant enters into RTTs to fix Participant’s Energy Cost for prescribed percentages of Participant’s load volume, such percentages of Participant’s load volume will be charged at the agreed to fixed prices, while the remainder will be charged at the hourly (or sub-hourly in some markets) [day ahead locational marginal price] for the ISO zone applicable to each Account identified in the Account Schedule. Cost Components. Each of the items listed as “Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant will be charged the costs associated with the line item in accordance with the definitions of each item in Section 1.1, Definitions or as defined in the Participant Agreement. Energy Costs [Passed Through] or [Fixed] Ancillary Services And Other ISO Costs [Passed Through] or [Fixed] Capacity Costs [Passed Through] or [Fixed] Line Loss Costs [Passed Through] FERC Order 745 Costs [Passed Through] or [Fixed] Renewable Portfolio Standard Costs [Passed Through] or [Fixed] CES Costs [Passed Through] or [Fixed] The Contract Prices contained in the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and margin.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

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PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing term of this TC and may only be subject to change as a result of a Change in Law as described in th e the Participant Agreement, provided, however, ParticipantPart icipant’s overall electricity bill may fluctuate monthly depending on Participant’s usage variations, and whether certain cost componen ts comp onents are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during duri ng the existing term of this TC to the extent the related charges assessed or charged vary for any reason. Supplier Suppli er will pass through Energy Costs using the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] price for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated herein. Such RTTs may cover the purchase p urchase of (1) energy to fix Participant’s price for energy for a supply period of three months or longer equal to a prescribed percentage of Participant’s load volume; and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. If Participant enters into RTTs to fix Participant’s Energy Cost energy and line loss price for prescribed percentages of Participant’s load volume, such percentages of Participant’s load volume will be charged at the agreed to fixed prices, while the remainder will be charged at the hourly (or sub-hourly in some markets) [day ahead locational marginal price] price for the ISO zone applicable to each Account identified in the Account Schedule. Cost Components. Each of the items listed as “Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant will be charged the costs associated with the line item in accordance with the definitions of each item in Section 1.1, Definitions or as defined in the Participant Agreement. Energy Costs [Passed Through] or [Fixed] Ancillary Services And Other ISO Costs [Passed Through] or [Fixed] Capacity Costs [Passed Through] or [Fixed] Line Loss Costs [Passed Through] FERC Order 745 Costs [Passed Through] or [Fixed] Renewable Portfolio Standard Costs [Passed Through] or [Fixed] CES Costs [Passed Through] or [Fixed] The Contract Prices contained in the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and margin.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing term of this TC and may only be subject to change as a result of a Change in Law as described in th e the Participant Agreement, provided, provided however, Participant’s overall electricity bill xxxx may fluctuate monthly depending on Participant’s usage variations, and whether certain cost componen ts are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during the existing term of this TC to the extent if and as the related charges assessed or charged vary for any reason. Supplier will pass through Energy E nergy Costs using the market index prices based on the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] price for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated hereinConfirmation. Such RTTs may cover the purchase pu rchase of (1) energy blocks of electricity to fix Participant’s price for energy for a supply period fixed hourly amount of three months or longer equal to a prescribed percentage of Participant’s load volumepower (an “Electric Block”); and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. The Electric Block RTT Confirmation will specify the hourly amount of power, the hours of the day and days of the week in which the power will be delivered, and the specific zone in which the power will be delivered. If Participant enters into RTTs to fix Participant’s Energy Cost for prescribed percentages the electricity needs of Participant’s load volume, such percentages of Participant’s load volume will be charged at Account are less than the agreed to fixed prices, while the remainder will be charged at the hourly Electric Block in any hour (or sub-hourly hour in some markets) [), Supplier shall settle the unused Electric Block volumes at the difference between the price of the Electric Block and the day ahead locational marginal price] . If the electricity needs of Participant’s Account exceed the Electric Block electricity in any hour (or sub-hour in some markets), Supplier shall invoice Participant for any excess usage at the day ahead locational marginal price. Notwithstanding the foregoing, nothing in this Agreement shall relieve Participant from its obligation to pay for the ISO zone applicable to each Account identified in the Account Scheduleentire volume of all Electric Blocks. Cost Components. Each of the items listed as “Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant will be charged the costs associated with the line item in accordance with the definitions of each item in Section 1.1, Definitions or as defined in the Participant Agreement. Energy Costs [Passed ThroughFixed] or [FixedPassed Through] Ancillary Services And Other ISO Costs [Passed ThroughFixed] or [FixedPassed Through] Capacity Costs [Passed ThroughFixed] or [FixedPassed Through] Line Loss Costs [Passed Through] FERC Order 745 Costs [Passed ThroughFixed] or [FixedPassed Through] Renewable Portfolio Standard Costs [Passed ThroughFixed] or [FixedPassed Through] CES Costs [Passed ThroughFixed] or [FixedPassed Through] The Contract Prices contained in the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and margin.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing term of this TC and may only be subject to change as a result of a Change in Law as described in th e the Participant Agreement, provided, provided however, Participant’s overall electricity bill may fluctuate monthly depending on Participant’s usage variations, and whether certain cost componen ts are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during the existing term of this TC to the extent if and as the related charges assessed or charged vary for any reason. Supplier will pass through Energy E nergy Costs using the market index prices based on the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] price for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated hereinConfirmation. Such RTTs may cover the purchase pu rchase of (1) energy blocks of electricity to fix Participant’s price for energy for a supply period fixed hourly amount of three months or longer equal to a prescribed percentage of Participant’s load volumepower (an “Electric Block”); and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. The Electric Block RTT Confirmation will specify the hourly amount of power, the hours of the day and days of the week in which the power will be delivered, and the specific zone in which the power will be delivered. If Participant enters into RTTs to fix Participant’s Energy Cost for prescribed percentages the electricity needs of Participant’s load volume, such percentages of Participant’s load volume will be charged at Account are less than the agreed to fixed prices, while the remainder will be charged at the hourly Electric Block in any hour (or sub-hourly hour in some markets) [), Supplier shall settle the unused Electric Block volumes at the difference between the price of the Electric Block and the day ahead locational marginal price] . If the electricity needs of Participant’s Account exceed the Electric Block electricity in any hour (or sub-hour in some markets), Supplier shall invoice Participant for any excess usage at the day ahead locational marginal price. Notwithstanding the foregoing, nothing in this Agreement shall relieve Participant from its obligation to pay for the ISO zone applicable to each Account identified in the Account Scheduleentire volume of all Electric Blocks. Cost Components. Each of the items listed as “Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant will be charged the costs associated with the line item in accordance with the definitions of each item in Section 1.1, Definitions or as defined in the Participant Agreement. Energy Costs [Passed ThroughFixed] or [FixedPassed Through] Ancillary Services And Other ISO Costs [Passed ThroughFixed] or [FixedPassed Through] Capacity Costs [Passed ThroughFixed] or [FixedPassed Through] Line Loss Costs [Passed Through] FERC Order 745 Costs [Passed ThroughFixed] or [FixedPassed Through] Renewable Portfolio Standard Costs [Passed ThroughFixed] or [FixedPassed Through] CES Costs [Passed ThroughFixed] or [FixedPassed Through] The Contract Prices contained in the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and margin.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained contai xxx in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing exis ting term of this TC and may only be subject to change as a result of a Change in Law as described in th e the Participant Agreement, provided, however, ParticipantPa rticipant’s overall electricity bill xxxx may fluctuate monthly depending on Participant’s usage variations, and an d whether certain cost componen ts components are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during duri ng the existing term of this TC to the extent the related charges assessed or charged vary for any reason. Supplier will pass through Energy Costs using the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties Participant may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated herein. Such RTTs may cover request the purchase of (1) energy to fix Participant’s price for energy for a supply period of three months or longer equal to a prescribed percentage of Participant’s load volume; and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. If Participant enters volume by entering into RTTs to fix Participant’s Energy Cost for prescribed percentages of Participant’s load volumeone or more Retail Trade Transactions (“RTTs”), such percentages of Participant’s load volume will which shall be charged at the agreed to fixed prices, while the remainder will evidence by a fully executed RTT Confirmation and be charged at the hourly (or sub-hourly in some markets) [day ahead locational marginal price] for the ISO zone applicable to each Account identified in the Account Scheduleincorporated herein. Cost Components. Each of the items listed as “Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant will be charged the costs associated with the line item in accordance with the definitions of each item in Section 1.1, Definitions or as defined in the Participant Agreement. Energy Costs [Passed Through] or [Fixed] Ancillary Services And Other ISO Costs [Passed Through] or [Fixed] Capacity Costs [Passed Through] or [Fixed] Line Loss Costs [Passed Through] or [Fixed] FERC Order 745 Costs [Passed Through] or [Fixed] Renewable Portfolio Standard Costs [Passed Through] or [Fixed] CES Costs [Passed Through] or [Fixed] The Contract Prices contained in the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and margin.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

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PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained contai xxx in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing exis ting term of this TC and may only be subject to change as a result of a Change in Law as described in th e the Participant Agreement, provided, however, ParticipantPa rticipant’s overall electricity bill may fluctuate monthly depending on Participant’s usage variations, and an d whether certain cost componen ts components are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during duri ng the existing term of this TC to the extent the related charges assessed or charged vary for any reason. Supplier will pass through Energy Costs using the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties Participant may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated herein. Such RTTs may cover request the purchase of (1) energy to fix Participant’s price for energy for a supply period of three months or longer equal to a prescribed percentage of Participant’s load volume; and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. If Participant enters volume by entering into RTTs to fix Participant’s Energy Cost for prescribed percentages of Participant’s load volumeone or more Retail Trade Transactions (“RTTs”), such percentages of Participant’s load volume will which shall be charged at the agreed to fixed prices, while the remainder will evidence by a fully executed RTT Confirmation and be charged at the hourly (or sub-hourly in some markets) [day ahead locational marginal price] for the ISO zone applicable to each Account identified in the Account Scheduleincorporated herein. Cost Components. Each of the items listed as “Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant will be charged the costs associated with the line item in accordance with the definitions of each item in Section 1.1, Definitions or as defined in the Participant Agreement. Energy Costs [Passed Through] or [Fixed] Ancillary Services And Other ISO Costs [Passed Through] or [Fixed] Capacity Costs [Passed Through] or [Fixed] Line Loss Costs [Passed Through] or [Fixed] FERC Order 745 Costs [Passed Through] or [Fixed] Renewable Portfolio Standard Costs [Passed Through] or [Fixed] CES Costs [Passed Through] or [Fixed] The Contract Prices contained in the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and margin.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing term of this TC and may only be subject to change as a result of a Change in Law as described in th e the Participant Agreement, provided, however, ParticipantPart icipant’s overall electricity bill xxxx may fluctuate monthly depending on Participant’s usage variations, and whether certain cost componen ts comp onents are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during duri ng the existing term of this TC to the extent the related charges assessed or charged vary for any reason. Supplier Suppli er will pass through Energy Costs using the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] price for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated herein. Such RTTs may cover the purchase p urchase of (1) energy to fix Participant’s price for energy for a supply period of three months or longer equal to a prescribed percentage of Participant’s load volume; and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. If Participant enters into RTTs to fix Participant’s Energy Cost energy and line loss price for prescribed percentages of Participant’s load volume, such percentages of Participant’s load volume will be charged at the agreed to fixed prices, while the remainder will be charged at the hourly (or sub-hourly in some markets) [day ahead locational marginal price] price for the ISO zone applicable to each Account identified in the Account Schedule. Cost ComponentsMinimize Volatile Pricing Program. Each Under the Minimize Volatile Pricing Program (“MVP Program”), Energy Costs for a certain percentage of the items listed as Account’s projected electricity requirements (the Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant MVP Price”) will be charged the costs associated with the line item automatically fixed in accordance with the definitions of MVP Purchasing Strategy or the Full-Term Cost Averaging Purchasing Strategy, each item in Section 1.1as described below, Definitions or as defined in based on all Purchases entered into hereunder prior to the Participant Agreement. Energy Costs [Passed Through] or [Fixed] Ancillary Services And Other ISO Costs [Passed Through] or [Fixed] Capacity Costs [Passed Through] or [Fixed] Line Loss Costs [Passed Through] FERC Order 745 Costs [Passed Through] or [Fixed] Renewable Portfolio Standard Costs [Passed Through] or [Fixed] CES Costs [Passed Through] or [Fixed] The Contract Prices contained in Purchase Completion Date set forth on the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and marginSchedule.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

PRICE TERMS. The electricity rate Participant is paying is stated in the Account Schedule below. The Contract Prices contained in the Account Schedule include all the costs listed below as "Fixed", meaning that they will remain constant for the existing term of this TC and may only be subject to change as a result of a Change in Law as described in th e Participant Agreement, provided, however, Participant’s overall electricity bill xxxx may fluctuate monthly depending on Participant’s usage variations, and whether certain cost componen ts are being Passed Through (as defined below). Costs listed below as "Passed Through" means that charges for these costs will change during the existing term of this TC to the extent the related charges assessed or charged vary for any reason. Supplier will pass through Energy Costs using the hourly (or sub-hourly in some markets) [day ahead locational marginal price] [real time locational marginal price] for the ISO zone applicable to each Account identified in the Account Schedule. At any time during the term of this TC, the Parties may enter into one or more Retail Trade Transactions ("RTTs"), which shall be evidenced by a fully executed RTT Confirmation and be incorporated herein. Such RTTs may cover the purchase of (1) energy to fix Participant’s price for energy for a supply period of three months or longer equal to a prescribed percentage of Participant’s load volume; and (2) renewable energy certificates in an amount equal to a prescribed percentage of Participant’s load volume. If Participant enters into RTTs to fix Participant’s Energy Cost for prescribed percentages of Participant’s load volume, such percentages of Participant’s load volume will be charged at the agreed to fixed prices, while the remainder will be charged at the hourly (or sub-hourly in some markets) [day ahead locational marginal price] for the ISO zone applicable to each Account identified in the Account Schedule. Cost Components. Each of the items listed as “Fixed” below is included in Participant’s Contract Prices as set forth in the Account Schedule. For each of the items listed as “Passed Through” below, Participant will be charged the costs associated with the line item in accordance with the definitions of each item in Section 1.1, Definitions or as defined in the Participant Agreement. Energy Costs [Passed Through] or [Fixed] Ancillary Services And Other ISO Costs [Passed Through] or [Fixed] Capacity Costs [Passed Through] or [Fixed] Line Loss Costs [Passed Through] FERC Order 745 Costs [Passed Through] or [Fixed] Renewable Portfolio Standard Costs [Passed Through] or [Fixed] CES Costs [Passed Through] or [Fixed] The Contract Prices contained in the Account Schedule have been reduced to reflect a Fixed credit to Participant for the Auction Revenue Rights and Transmission Loss Credits associated with the Account(s). The Contract Prices also include any credit costs and margin.

Appears in 1 contract

Samples: Poweroptions Participant Agreement

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