Negative LMP Periods. If the market price at the Delivery Point in the Real-Time Energy Market or the Day-Ahead Energy Market, as applicable, for Energy Delivered by Seller is negative in any hour, the payment to Seller for deliveries of Energy shall be reduced by the difference between the absolute value of such hourly LMP at the Delivery Point and $0.00 per MWh for that Energy for each such hour. Each monthly invoice shall reflect a reduction for all hours in the applicable month in which the applicable LMP for the Energy at the Delivery Point is less than $0.00 per MWh.
Appears in 10 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
