Common use of Determination of Monthly REC Price for Index REC Clause in Contracts

Determination of Monthly REC Price for Index REC. (a) For a Bid Facility selected on the basis of an Index REC Price bid, the Monthly REC Price shall equal the Index REC Strike Price minus the Reference Energy Price minus the Reference Capacity Price, subject to the condition that the Monthly REC Price may not exceed the Index REC Strike Price. In the event that the Monthly REC Price exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

Determination of Monthly REC Price for Index REC. (a) For a Bid Facility selected on the basis of an Index REC Price bid, the Monthly REC Price shall equal the Index REC Strike Price minus the Reference Energy Price minus the Reference Capacity Price, subject to the condition that the Monthly REC Price may not exceed the Index REC Strike Price. In the event that the Monthly REC Price exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

Determination of Monthly REC Price for Index REC. (a) For a Bid Facility selected on the basis of an Index REC Price bid, the Monthly REC Price shall equal the Index REC Strike Price minus the Reference Energy Price minus the Reference Capacity Price, subject to the condition that the Monthly REC Price may not exceed the Index REC Strike Price. In the event that the calculation of the Monthly REC Price results in an amount that exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

Determination of Monthly REC Price for Index REC. (a) For a Bid Facility an RFP Awardee selected on the basis of an Index REC Price bid, the Monthly REC Price shall equal the Index REC Strike Price minus the Reference Energy Price minus the Reference Capacity Price, (multiplied by the Mitigation Factor, if applicable), subject to the condition that the Monthly REC Price may not exceed the Index REC Strike Price. In the event that the calculation of the Monthly REC Price results in an amount that exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

Determination of Monthly REC Price for Index REC. (a) For a Bid Facility selected on the basis of an Index REC Price bid, the The Monthly REC Price shall equal the Index REC Strike Price minus the Reference Energy Price minus the Reference Capacity Price, subject to the condition that the Monthly REC Price may not exceed the Index REC Strike Price. In the event that the Monthly REC Price exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

Determination of Monthly REC Price for Index REC. (a) For a Bid Facility selected on the basis of an Index REC Price bid, the Monthly REC Price shall equal the Index REC Strike Price minus the Reference Energy Price minus the Reference Capacity PricePrice (multiplied by the Mitigation Factor, if applicable), subject to the condition that the Monthly REC Price may not exceed the Index REC Strike Price. In the event that the calculation of the Monthly REC Price results in an amount that exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.