Common use of Under-Scheduling Adjustment Clause in Contracts

Under-Scheduling Adjustment. If during any Settlement Interval the Scheduled Amount plus the SC Trade Tolerance Band is less than the Metered Energy, and the Real-Time Price is greater than the Day-Ahead Price payable during the Settlement Interval, then Seller’s monthly payment amount shall be reduced by each Under-Scheduling Settlement Interval Adjustment Amount calculated by the following formula: UNDER-SCHEDULING SETTLEMENT INTERVAL ADJUSTMENT AMOUNT = [A – B] x [D – C] Where A = The Metered Energy in the Settlement Interval being calculated. B = The Scheduled Amount in the Settlement Interval being calculated. C = Day-Ahead Price for the Settlement Interval being calculated in $/kWh. D = Real-Time Price for the Settlement Interval being calculated in $/kWh. No under-scheduling adjustment shall be assessed against Seller for a Settlement Interval in which the Scheduled Amount plus the SC Trade Tolerance Band is less than the Metered Energy if, during such Settlement Interval, the Real-Time Price is equal to or less than the Day-Ahead Price payable during the Settlement Interval.

Under-Scheduling Adjustment. If during any Settlement Interval the Scheduled Amount plus the SC Trade Tolerance Band is less than the Metered Energy, and the Real-Time Price is greater than the Day-Day- Ahead Price payable during the Settlement Interval, then Seller’s monthly payment amount shall be reduced by each Under-Scheduling Settlement Interval Adjustment Amount calculated by the following formula: UNDER-SCHEDULING SETTLEMENT INTERVAL ADJUSTMENT AMOUNT = [A – B] x [D – C] Where A = The Metered Energy in the Settlement Interval being calculated. B = The Scheduled Amount in the Settlement Interval being calculated. C = Day-Ahead Price for the Settlement Interval being calculated in $/kWh. D = Real-Time Price for the Settlement Interval being calculated in $/kWh. No under-scheduling adjustment shall be assessed against Seller for a Settlement Interval in which the Scheduled Amount plus the SC Trade Tolerance Band is less than the Metered Energy if, during such Settlement Interval, the Real-Time Price is equal to or less than the Day-Ahead Price payable during the Settlement Interval.