Nodal Prices for Nodes and External Nodes Sample Clauses

Nodal Prices for Nodes and External Nodes. The System Operator shall calculate the Nodal Price at each Node for each hour of the Dispatch Day for the Day-Ahead Market using the Day-Ahead unit commitment model, and for the Real-Time Market using the Real-Time scheduling software. In calculating Nodal Prices the System Operator shall use the Demand Bids and Supply Offers submitted pursuant to Sections 14A.3, 14A.4 and 14A.6 of the Agreement. The Real-Time Nodal Price at each Node for each hour shall be the time interval weighted-average of the Clearing Prices calculated at that Node for each time interval within that hour, except as noted in Section A(4) below with respect to the prices used for Real-Time settlements at External Nodes. The System Operator shall calculate Nodal Prices for an hour for the Day-Ahead Market or the Real-Time Market at a given Node i using the following formula, or a formula similar in substance and effect:
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Related to Nodal Prices for Nodes and External Nodes

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