Common use of Energy Payment Calculations Clause in Contracts

Energy Payment Calculations. (i) If SCE is not acting as Seller’s Scheduling Coordinator, for the purpose of calculating monthly Energy Payments, Scheduled Amounts shall be time-differentiated according to the XXX Periods and weighted by the Energy Payment Allocation Factors set forth in Exhibit K. As set forth in Exhibit K, XXX Periods for the winter season shall be mid-peak, off-peak and super off-peak and XXX Periods for the summer season shall be on-peak, mid-peak and off-peak. Monthly Energy Payments shall equal the sum of the monthly XXX Period Energy Payments for all XXX Periods in the month. Each monthly XXX Period Energy Payment shall be calculated pursuant to the following formula, where “n” is the XXX Period being calculated: XXX PERIODn ENERGY PAYMENT = A x B x C Where: A = Energy Price in $/kWh (i.e., ($/MWh)/1000). B = Energy Payment Allocation Factor, set forth in Exhibit K, for the XXX Period being calculated. C = The sum of Scheduled Amounts in all hours for the XXX Period being calculated in kWh.

Appears in 7 contracts

Samples: Generating Facility Power Purchase and Sale Agreement, Generating Facility Power Purchase and Sale Agreement, Generating Facility Power Purchase and Sale Agreement

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Energy Payment Calculations. (i) If SCE is not acting as Seller’s Scheduling Coordinator, for For the purpose of calculating monthly Energy Payments, Scheduled Amounts shall be time-differentiated according to the time period and season of delivery (“XXX Periods Periods”) and the pricing shall be weighted by the Energy Payment Allocation Factors set forth in Exhibit K. As set forth in Exhibit K, XXX Periods for the winter season shall be mid-peak, off-off- peak and super off-peak and XXX Periods for the summer season shall be on-peak, mid-peak and off-peak. Monthly Energy Payments shall equal the sum of the monthly XXX Period Energy Payments for all XXX Periods in the month. Each monthly XXX Period Energy Payment shall be calculated pursuant to the following formula, where “n” is the XXX Period being calculated: XXX PERIODn ENERGY PAYMENT = A x B x C Where: A = Energy Price specified in Section 1.05 in $/kWh (i.e., ($/MWh)/1000/MWh/1000). B = Energy Payment Allocation Factor, set forth in Exhibit K, for the XXX Period being calculated. C = The sum of Scheduled Amounts in all hours for the XXX Period being calculated in kWh.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

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