Common use of REC Strike Price Clause in Contracts

REC Strike Price. The as-bid value for each Contract Year as submitted in the Bid Proposal and as stated in Schedule 1 of this Agreement. [The Index REC Strike Price may be adjusted pursuant to Section 5.02(e) of this Agreement.]] Injection Point: For Bid Facilities located within the New York Control Area, the Injection Point shall be the Delivery Point. For Bid Facilities located outside of the New York Control Area, Injection Point shall be the generator bus or location where the administrator of the local control area measures energy delivery from the Bid Facility into the local market.

REC Strike Price. The as-bid value for each Contract Year as submitted in the Bid Proposal and as stated in Schedule 1 of this Agreement. [The Index REC Strike Price may be adjusted pursuant to Section 5.02(e) of this Agreement.]] Injection Point: For Bid Facilities located within the New York Control Area, the Injection Point shall be the Delivery Point. For Bid Facilities located outside of the New York Control Area, the Injection Point shall be the generator bus or location where the administrator of the local control area measures energy delivery from the Bid Facility into the local market.