Auction Clearing Price definition

Auction Clearing Price has the meaning given to such term in the MISO Rules.

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Auction Clearing Price means, in relation to a capacity auction, the price per MW which, subject to—

Auction Clearing Price means the following. If the auction is under-

Examples of Auction Clearing Price in a sentence

Seller shall include the amount of any payment or credit pursuant to clause (II) above on the Monthly Invoice for the later of (A) the month in which Buyer elects to receive payment or credit pursuant to clause (II) above and (B) the month in which such Auction Clearing Price is determined and, if applicable, shall pay such amount to Buyer according to Article XI.
Seller shall include the amount of any payment or credit pursuant to clause (ii) above on the Monthly Invoice for the later of (A) the month in which Buyer elects to receive payment or credit pursuant to clause (ii) above and (B) the month in which such Auction Clearing Price is determined and, if applicable, shall pay such amount to Buyer according to Article XI.
Seller shall include the amount of any payment or credit pursuant to clause (II) above on the Monthly Invoice for the later of (A) the month in which Buyer elects to receive payment or credit pursuant to clause (II) above and (B) the month in which such Auction Clearing Price is determined and, if applicable, shall pay such amount to Buyer according to Article 11.
If the MISO Planning Resource Auction Clearing Price is used for the capacity payment, the Planning Resource Auction Clearing Price shall be the rate of compensation on a $/ZRC-month basis for capacity during the months in which the Planning Resource Auction Clearing Price applies.
For example, if the Resource Adequacy Capacity for a Planning Year was 0.4 ZRCs, the Contract Capacity Target is 0.6 ZRCs, Purchase Price was $150,000/ZRC- Year, and the Auction Clearing Price was $175,000/ZRC-Year, then Seller would owe Buyer an amount equal to $5,000.00 (i.e., [$175,000/ZRC-Year - $150,000/ZRC-Year] x [0.6 ZRCs – 0.4 ZRCs].
For the LFRM component, the Adjustment Ratio will be equal to the actual ISO-NE payment for participation in the LFRM for the Confirmed LFRM Contract Quantity for the previous month divided by the expected ISO-NE payment (based on the Auction Clearing Price in the applicable FRA) for participation in the LRFM for the previous month.
The Auction Clearing Price will be based on published values from ISO-NE in the relevant month.
For each of the 2013/2014, and 2014/2015 MISO Planning Years, the Capacity Price was the Auction Clearing Price for MISO Zone 4 in the MISO Planning Resource Auction for such MISO Planning Year.
If pursuant to Section 3.1(b), the Supplier has elected to participate in the LFRM, the Supplier must offer its Confirmed LFRM Contract Quantity from the Facility into the FRA such that it is not setting the Auction Clearing Price in the FRA.
The “LFRM Market Price” will be equal to the Auction Clearing Price in $/kW- month from the applicable Forward Reserve Auction less the applicable FCA Market Price.

More Definitions of Auction Clearing Price

Auction Clearing Price means, with respect to any Season in any Planning Period, the Auction Clearing Price ($/MW-Day) as defined in the MISO Rules for a Capacity Credit sourced from a Planning Resource located in a particular Local Resource Zone for such Season in such Planning Period or, if such term is no longer defined in the MISO Rules, shall mean the market price ($/MW-Day) recognized by MISO of a Capacity Credit from a Planning Resource located in a particular Local Resource Zone for such Season in such Planning Period.

Auction Clearing Price means, in respect of an Auction, the auction price determined by the Exchange in accordance with Rule Z.10(bb) of the Administrative Procedures;

Auction Clearing Price has the meaning given to such term in the MISO Rules. 8 NTD: The cap will be based on the potential Portfolio Exposure as described in the RFP documents and is subject to change based on Entergy’s credit review of Seller.

Auction Clearing Price means the incentive rate (i.e., price per kW) established in the BQDM DR Auction for each DR Product.

Auction Clearing Price means either of the following:

Auction Clearing Price refers to the market clearing price in any given bidding period in the Forward Reserve Auction of the LFRM, or any successor auction.