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”): 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, the “Monthly Energy Payment”).
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.
(b) If the Initial Operation Date of the Generating Facility is in an earlier calendar year than the calendar year of the Expected Initial Operation Date as provided in Section 2(d) of the Final Notice to Proceed for the Generating Facility, attached hereto as Exhibit B, SCE and Seller shall amend the Energy Price in this Power Purchase Agreement. The amended Energy Price shall be calculated based upon the Benchmark Bid Price set forth in Table A of Exhibit L for the calendar year in which the Initial Operation Date of the Generating Facility occurs, and such Benchmark Bid Price shall then be multiplied by the Energy Price Adjustment as provided in Section 3(d) of the Final Notice to Proceed for the Generating Facility, attached hereto as Exhibit B, subject to Sections 1.02(d) and 1.02(e).
(c) If the Initial Operation Date of the Generating Facility is in a later calendar year than the calendar year of the Expected Initial Operation Date as provided in Section 2(d) of the Final Notice to Proceed for the Generating Facility, attached hereto as Exhibit B, because:
(i) a Force Majeure delays the Initial Operation Date, subject to Seller’s compliance with its obligations as the Claiming Party under Section 5.02; or
(ii) the interconnection and transmission facilities for the Generating Facility, as described in the Generating Facility’s Large Generator Interconnection Agreement (or if such agreement is not in place, then the most reliable option in its final Facility Study, and if such study is not complete, then the most reliable option in its final System Impact Study), were not tested and placed in service, other than due to the fault or gross negligence of Seller or Developer (but only to the extent that Developer is responsible for, or is, pursuing such interconnection or transmission facilities for the benefit of Seller), by the Expected Initial Operation Date; then SCE and Seller shall amend the Energy Price in this Power Purchase Agreement. The amended Energy Price shall be calculated based upon the Benchmark Bid Price set forth in Table A of Exhibit L for the calendar year in which the Initial Operation Date of the Generating Facility occurs, and such Benchmark Bid Price shall then be multiplied by the Energy Price Ad...
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:
(i) TCAP shall periodically solicit, or direct its designated Energy Manager to solicit, wholesale energy market quotes, and may direct the Energy Manager to transact at the lowest of the market quotes obtained for the purpose of serving customer’s load, in accordance with the PSA (each such transacted quote, a “Wholesale Transaction”).
(ii) Once TCAP has directed its Energy Manager to enter into Wholesale Transactions sufficient to serve Customer’s load for a given calendar year, Energy Manager and TCAP shall establish the Energy Price for that Calendar Year in accordance with those procedures outlined in the PSA, which Customer hereby acknowledges it has reviewed and accepted. TCAP shall set the Energy Price for a given Calendar Year no later than nine (9) months prior to the start of such Calendar Year. If Customer elects to participate in a project and executes the Project Addendum, the Energy Price shall include an estimate of the Project Settlement for each month of the Calendar Year in accordance with the Project Addendum.
(b) For the purposes of Section 3 the Energy Price shall be converted to dollars per kWh.
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”): provided, however, that:
(i) 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;
(ii) 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.
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.]
(a) effective as of January 1 in each year after the Effective Date in accordance with the following formula: Payment Pricen = ([A] * $[B]/MWh * CPIJanuary 1, n / CPIJanuary 1, ) + ([C] * $[D]/MWh) -8- Revised: August 2016 where: n = the year for which the relevant calculation is being conducted CPI January 1, n = the CPI for December in the year immediately prior to the year for which the relevant calculation is being conducted.
Energy Price. The Energy Price is [Dollar amount text] dollars ($[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.
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
Energy Price. If called on by Buyer, Seller shall be paid a DR Energy Price, as specified in the table below, for delivered DR. Seller shall not be paid unless a DR Event is declared by Buyer and meter data received by Buyer verifies and demonstrates that Seller’s Portfolio has reduced energy consumption associated with the DR. The Energy Price in the table below is stated in $/kWh. If no DR Events were called during the Delivery Month, then the monthly Energy Payment is zero (0). If one or more DR Events or a DR Event Test is called during the Delivery Month, the monthly Energy Payment shall be the sum of the Hourly Energy Payments. For all DR Events other than a Day-of exercise for a Direct Access Customer where an SC to SC trade was not performed due to insufficient notification time, the Hourly Energy Payment will be determined as follows:
ii. Buyer shall not, without having given its prior consent, pay Seller for Delivered EnergyHR that exceeds *** percent of the Seller’s Commitment Level in any hour. Should, during a DR Event, an SC to SC trade (due to a Day-of exercise being supplied from a portion of the Sellers Portfolio supplied from Direct Access Customers) not be performed due to insufficient notification time, the Hourly Energy Payments to the Seller shall be based on the above formula and reduced to reflect the CAISO credit that would be expected to be paid to the Seller’s SC for generation equal to the portion of the Seller’s Commitment Level that is from Direct Access customers DR reduction. ***. Appendix V contains an example of how the energy payment is calculated for DR Event for Direct Access transactions where an SC to SC trade was not performed.
