Common use of Energy Payment Clause in Contracts

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s applicable Day-Ahead Price (in dollars per MWh) at the applicable PNode. 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸𝑥𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s the applicable Day-Ahead Contract XXX Energy Price (in dollars per MWh) at the applicable PNodespecified for each XXX Period (𝐶𝑃𝐸𝑛𝑒𝑟𝑔𝑦−XXX). 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛�� 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆��𝑡��𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (�𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 = � �𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸�𝑚𝑜𝑛𝑡ℎ × 𝐶𝑃𝐸𝑛𝑒𝑟𝐸𝐸𝑦−𝑇𝑇𝑇𝐷�𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s applicable Day-Ahead Price (in dollars per MWh) at the applicable PNode. 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆𝑒���Σ �𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸𝑥𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s applicable Day-Ahead Price (in dollars per MWh) at the applicable PNode. 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆�ℎ ���𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼�∑ ( ���𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸�)�𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s the applicable Day-Ahead Contract XXX Energy Price (in dollars per MWh) at the applicable PNodespecified for each XXX Period (−). 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸�ℎ�𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s the applicable Day-Ahead Contract XXX Energy Price (in dollars per MWh) at the applicable PNodespecified for each XXX Period (𝑪𝑷𝑬𝒏𝒆𝒓𝒈𝒚–XXX). 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛�� 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆��𝑡��𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (�𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 = Σ �𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸�𝑚𝑜𝑛𝑡ℎ × 𝐶𝑃Energy–XXX�𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s applicable Day-Ahead Price (in dollars per MWh) at the applicable PNode. 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆𝑒���∑ �𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸𝑥𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s applicable Day-Ahead Price (in dollars per MWh) at the applicable PNode. 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆�ℎ ���𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼�Σ ( ���𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸�)�𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s the applicable Day-Ahead Contract XXX Energy Price (in dollars per MWh) at the applicable PNode. 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡�specified for each XXX Period �𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸�–).�𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Energy Payment. “Energy Payment” shall be the aggregate amount of the Metered Amounts (in MWh) minus Extra Energy (in MWh) for all hours in a month multiplied by each such hour’s the applicable Day-Ahead Contract XXX Energy Price (in dollars per MWh) at the applicable PNodespecified for each XXX Period (𝑪𝑷𝑬𝒏𝒆𝒓𝒈𝒚−XXX). 𝐸𝑛𝑒𝑟𝑔𝑦 𝑃𝑎𝑦𝑚𝑒𝑛�� 𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 𝐿𝑎𝑠𝑡 𝑆��𝑡��𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (�𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 = ∑ �𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸�𝑚𝑜𝑛𝑡ℎ × 𝐶𝑃𝐸𝑛𝑒𝑟𝑔𝑦−XXX�𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) × 𝐷𝑎𝑦– 𝐴ℎ𝑒𝑎𝑑 𝑃𝑟𝑖𝑐𝑒 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ