Examples of Dispatch Period in a sentence
In the event that the Locational Marginal Price (“LMP”) for the Energy at the Delivery Point is less than $0.00 per MWh in any Dispatch Period, Seller shall credit or reimburse Buyer (at Buyer’s discretion), on the appropriate monthly invoice, an amount equal to the product of (i) such Energy delivered in such Dispatch Period, and (ii) the difference between $0.00 and such (negative) LMP for such Dispatch Period.
Notwithstanding the foregoing, this bullet shall not apply to a Confirmation for more than the Monthly Contracted MW in response to an Open Standby Notification; or • If a Confirmation is required, the Confirmed MW for any one or more Confirmed Hours within the Contracted Dispatch Period is less than 95% of the Monthly Contracted MW.
Specifically, for any given month, this calculation sums only positive values of Dispatch Period ASC Usage South to Midwest and sums only positive values of Dispatch Period ASC Usage Midwest to South, each calculated excluding Regional Pseudo-Tie Flow (as these capitalized terms are defined in the JOA Settlement, modified to incorporate the definition of Adjusted Contract Path Capacity in this Schedule).
Seller shall be under no obligation to, and shall incur no liability for damages arising out of any failure to, schedule or Deliver Products to the Delivery Point during any Dispatch Period in which the LMP at the Delivery Point is negative, or, in the reasonable opinion of Seller, is likely to become negative.