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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. 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸𝑥𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Appears in 2 contracts

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

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 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 = � 𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − ��𝑥𝑡𝑚𝑜𝑛𝑡ℎ × 𝐶𝑃𝐸𝑛𝑒𝑟𝐸𝐸𝑦−𝑇𝑇𝑇𝐷𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Appears in 2 contracts

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

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. 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚�Σ ( ���𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸𝑥𝑡)𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑖𝑛 𝑑𝑜𝑙𝑙𝑎𝑟𝑠 = ∑ 𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − ��𝑥𝑡𝑚𝑜𝑛𝑡ℎ × 𝐶𝑃𝐸𝑛𝑒𝑟𝑔𝑦−XXX𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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. 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒specified for each XXX Period �𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸𝑥𝑡–).𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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. 𝐿𝑎𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ = � (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 − 𝐸𝑥𝑡𝑟𝑎 𝐸𝑛𝑒𝑟𝑔𝑦) 𝐹𝑖𝑟𝑠𝑡 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝐼𝑛𝑡𝑒𝑟𝑣𝑎𝑙 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

Appears in 1 contract

Samples: Power Purchase and Sale Agreement