Common use of Monthly Capacity Payment Clause in Contracts

Monthly Capacity Payment. For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“Monthly Capacity Payment”): MCP = CC x CP x SF x AAF Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery Period. CC is the Contract Capacity, expressed in kW, rounded to the nearest 100 kW. CP is the Capacity Price expressed in Dollars per kW-year, for the applicable month. SF is the Monthly Shaping Factor for the applicable month, as set forth in the following table: Month Monthly Shaping Factor (%) January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 AAF is the Availability Adjustment Factor for each month, expressed as a three-place decimal and determined as follows:

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Monthly Capacity Payment. For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“The Monthly Capacity Payment”): Payment for each month of the Delivery Period shall be determined as follows: MCP = (CC x CP CR x SF SF) x (AAF - GEAm) - RRA Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery Period. CC is the Contract Capacity, expressed in kW, rounded to the nearest 100 kW. CP CR is the Capacity Price Rate expressed in Dollars per kW-year, for the applicable month. CR = $[XXX]/kW-yr SF is the Monthly Shaping Factor for the applicable month, as set forth in the following table: Month Monthly Shaping Factor (%) January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 AAF is the Availability Adjustment Factor for each month, expressed as a three-place decimal and determined as follows:

Appears in 1 contract

Samples: Energy Storage System Power Purchase Tolling Agreement

Monthly Capacity Payment. For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“The Monthly Capacity Payment”): Payment for each month of the Delivery Period shall be determined as follows: MCP = (CC x CP CR x SF x AAF AAF) + ERP - RRA Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery Period. CC is the Contract Capacity, expressed in kW, rounded to the nearest 100 kW. CP CR is the Capacity Price Rate expressed in Dollars per kW-year, for the applicable month. CR = $[XXX]/kW-yr SF is the Monthly Shaping Factor for the applicable month, as set forth in the following table: Month Monthly Shaping Factor (%) January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 AAF is the Availability Adjustment Factor for each month, expressed as a three-place decimal and determined as follows:

Appears in 1 contract

Samples: System Power Purchase Tolling Agreement

Monthly Capacity Payment. For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“The Monthly Capacity Payment”): Payment for each month of the Delivery Period shall be determined as follows: MCP = (CC x CP CR x SF x AAF AAF) + HRP - RRA Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery Period. CC is the Contract Capacity, expressed in kW, rounded to the nearest 100 kW. CP CR is the Capacity Price Rate expressed in Dollars per kW-year, for the applicable month. CR = $[XXX]/kW-yr SF is the Monthly Shaping Factor for the applicable month, as set forth in the following table: Month Monthly Shaping Factor (%) January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 AAF is the Availability Adjustment Factor for each month, expressed as a three-place decimal and determined as follows:

Appears in 1 contract

Samples: Power Purchase Tolling Agreement

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Monthly Capacity Payment. For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“Monthly Capacity Payment”): MCP = CC x CP x SF x AAF Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery PeriodTerm. CC is the Contract Capacity, expressed in kW, rounded to the nearest 100 kW. CP is the Capacity Price expressed in Dollars per kW-year, for the applicable month. SF is the Monthly Shaping Factor for the applicable month, as set forth in the following table: Month Monthly Shaping Factor (%) January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 AAF is the Availability Adjustment Factor for each month, expressed as a three-place decimal and determined as follows:

Appears in 1 contract

Samples: Power Purchase Agreement

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