Energy Price. The price for the Bundled Green Energy and Deemed Bundled Green Energy that is delivered to Buyer in each Contract Year shall be as follows (“Energy Price”): Contract Year Energy Price ($/MWh) provided, however, that:
Energy Price. The price for the Bundled Green Energy and Deemed Bundled Green Energy that is delivered to Buyer in each Contract Year shall be as follows (“Energy Price”): Contract Year Energy Price ($/MWh) provided, however, that: if Seller delivers Bundled Green Energy in the aggregate for any CAISO settlement interval (not to exceed one hour) in excess of the product of the Contract Capacity times the length of such settlement interval, expressed in hours, then the Energy Price for such excess Bundled Green Energy in such settlement interval shall be reduced to zero dollars ($0), and if the real time Locational Marginal Price for the Delivery Point during such settlement interval is less than zero dollars ($0), Seller shall pay to Buyer an amount equal to the absolute value of such negative Locational Marginal Price times such excess Bundled Green Energy; if Seller delivers Bundled Green Energy plus Deemed Bundled Green Energy, in the aggregate, for any Contract Year during the Delivery Term in excess of one hundred fifteen percent (115%) of the annual Contract Quantity, then the Energy Price for such excess Bundled Green Energy and Deemed Bundled Green Energy, if any, for each settlement interval for the remainder of that Contract Year shall be reduced to zero dollars ($0) and Seller shall be entitled to the CAISO revenues (including positive Locational Marginal Prices, credits and other payments) in respect of such excess amounts and Seller shall be responsible for the CAISO costs (including negative Locational Marginal Prices, penalties, sanctions and other charges) in respect of such excess amounts. Reserved [For FCDS bids (excluding Projects located outside of the CAISO): Monthly Energy Payment. For each month during which Seller has achieved “Full Capacity Deliverability Status,” as defined in the CAISO Tariff (“FCDS”) as determined by the CAISO, Buyer shall pay Seller for the Product an amount equal to the sum for each hour in the month of the product of the Energy Price times the sum of Bundled Green Energy plus Deemed Bundled Green Energy in each hour (“Monthly Energy Payment”). For each month during which Seller has not achieved FCDS as determined by the CAISO, Buyer shall pay Seller for the Product an amount equal to the sum for each hour in the month of the product of (i) the Energy Price minus [insert the $/MWh equal to the Deliverability Value] (“Deliverability Value”) times (ii) the sum of Bundled Green Energy plus Deemed Bundled Green Energy (together...
Energy Price. (a) Except as provided in Section 1.02(b) or Section 1.02(c), the Energy Price shall be equal to the Final Energy Price as provided in Section 3(e) of the Final Notice to Proceed for the Generating Facility, attached hereto as Exhibit B.
Energy Price. (a) If Customer has elected to fix all or a portion of the Energy Price for a fixed term by providing an Authorized Election Form to TCAP in accordance with the PSA, the Energy Price shall equal the fixed price as determined by TCAP in accordance with the PSA, and the Authorized Election Form. Any portion of the Energy Price that is not fixed shall be noted in the Authorized Election Form, and shall be settled with Customer in accordance with Section 2.2 of this Agreement. If Customer has not made such an election, the Energy Price shall be determined in accordance with the PSA, as follows:
Energy Price. The amount of the payments due from Utility to Developer for Net Energy Output from the Project shall be calculated in accordance with Schedule 2 (Calculation of Payments) using the Energy Price defined in that schedule. The payments shall be made at the times specified in Paragraph 4.2 (Billing and Payment).
Energy Price. For each MWh delivered pursuant to a Final Physical Energy Schedule or a Buyer dispatch instruction, that is not produced during a start-up as addressed in Section K below, and which was generated by Seller-provided fuel or obtained from the CAISO imbalance energy supplies, Buyer will pay Seller an Energy Price each month in U.S. dollars calculated as follows: Energy Price (in $) = BHR * BTGP * Total Qualifying MWh * (1000 kWh / MWh) * (mmBtu / 1,000,000 Btu) Where for the Unit, BHR = is the “Billing Heat Rate” which shall be the lesser of the Unit’s monthly Actual Heat Rate and the Guaranteed Heat Rate, expressed in Btu/kWh (HHV), as provided in Section I hereof; BTGP is the “Burner Tip Gas Price” expressed in $ / mmBtu (HHV), as provided in Section M hereof; and “Total Qualifying MWh” is the number of MWh for the month delivered pursuant to a Final Physical Energy Schedule, that were not produced during a start-up as addressed in Section K below, and which were generated by Seller-provided fuel or obtained from the CAISO imbalance energy supplies, plus any MWh generated in response to a Buyer dispatch instruction pursuant to Section 3.2.
Energy Price. Subject to section 5.1, section 5.2, section 5.7 and section 5.8, the price payable by the Buyer for each MWh of Eligible Energy from and following the Effective Date and prior to expiry of the Term or earlier termination of this EPA is $[insert]/MWh, adjusted as follows: [Note: The parenthetical will be completed with the Base Price set between the parties prior to execution of the EPA.]
Energy Price. The Energy Price is [Dollar amount text] dollars ($[Number]) per MWh. The Energy Price is [Dollar amount text] dollars ($[Number]) per MWh; provided, the Energy Price will be modified if the Final Wind Report Net Capacity Factor is greater than [Number text] percent ([Number] %) such that the Energy Price will be the price in the table in Exhibit R that corresponds to the Final Wind Report Net Capacity Factor. If the Final Wind Report Net Capacity Factor is not a value expressly set forth in the table in Exhibit R, the Energy Price will be determined by linear interpolation between the values based on the scale of the table. Seller shall give SCE Notice of any price reduction below [Dollar amount text] dollars ($[Number]) per MWh within ten (10) Business Days of SCE’s receipt of the Final Wind Report. {SCE Comment: For Wind only if the Final Wind Report is not available as of the Effective Date.}
Energy Price. For each MWh delivered pursuant to a Final Physical Energy Schedule, that is not produced during a start-up as addressed in Section K below, and which was generated by Seller- provided fuel or obtained from the CAISO imbalance energy supplies, Buyer will pay Seller an Energy Price each month in U.S. dollars calculated as follows: Energy Price (in $) = BHR * BTGP * Total Qualifying MWh * (1000 kWh / MWh) * (mmBtu / 1,000,000 Btu) Where for the Unit, BHR = is the “Billing Heat Rate” which shall be the lesser of the Unit’s monthly Actual Heat Rate and the Guaranteed Heat Rate, expressed in Btu/kWh (HHV), as provided in Section I hereof; BTGP is the “Burner Tip Gas Price” expressed in $ / mmBtu (HHV), as provided in Section M hereof; and “Total Qualifying MWh” is the number of MWh for the month delivered pursuant to a Final Physical Energy Schedule, that were not produced during a start-up as addressed in Section K below, and which were generated by Seller-provided fuel or obtained from the CAISO imbalance energy supplies.
Energy Price. For each month during the Term, Host shall pay to Seller for the Energy provided pursuant to this Agreement the amount (the “Energy Price”) that is equal to (i) $0.22 per kWh (the “Energy Rate”), with an annual escalation rate of three percent (3%) plus (ii) any additional amount required pursuant to Section 5.4. For avoidance of doubt The Energy Rate escalation date will become effective upon the anniversary of the Commercial Operation Date with rate specifications set forth in Exhibit C
