Capacity Price definition

Capacity Price means the price specified in the Capacity Price Table in Section 4.1.

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Capacity Price with respect to any month, shall mean (a) the Negotiated Capacity Price or (b) in the event that the Parties fail to agree upon a Negotiated Capacity Price on or before the Contract UCAP Transfer Deadline, the price for UCAP for such month established pursuant to the next UCAP Monthly Supply Auction; provided, however, if no price for UCAP is established in the next UCAP Monthly Supply Auction, the price to be used is that established pursuant to the last UCAP Monthly Supply Auction in which UCAP was transacted.

Capacity Price has the meaning set forth in Section 4.1(a).] [For Baseload, Peaking, or Dispatchable Product only: “Capacity Test” shall be the complete capacity testing procedure for the Project that is reasonably acceptable to Buyer that Seller shall develop no later than thirty (30) days prior to the initial capacity testing of the Project prior to the Commercial Operation Date. The capacity testing procedure shall describe in detail the testing standard(s) to be used for the technology of the Project, the conditions under which testing shall take place, the average summer ambient conditions to which the results will be corrected, and the testing procedures. The same capacity testing procedure shall be applied to all subsequent Capacity Tests.]

Examples of Capacity Price in a sentence

In the event that a change in Applicable Law after the Effective Date replaces the NYISO Capacity Market with a new resource adequacy construct, the Parties agree to negotiate in good faith to amend this Agreement, prospective from the Change in Law Date, to make such conforming changes as are necessary to replace the current Reference Capacity Price formula with a formula that reasonably comprises an index of prices available to generators in the Applicable Zone under the new resource adequacy construct.
The As-Available Capacity Price is set forth in Section 3 of Exhibit D.
NYSERDA may (and, at the request of Seller, shall) review past invoices, including, but not limited to, the calculation of the Reference Energy Price and Reference Capacity Price, to determine if a true-up adjustment is necessary.
The Reference UCAP Price is converted to its $/MWh equivalent, the Reference Capacity Price, through the following equation.
During each month an MAE Failure occurs, subject to the limitations of the following paragraph, Seller will continue to receive Monthly Capacity Payments for the Firm Contract Capacity based on the Firm Capacity Price and capacity payment calculations for firm capacity as set forth in Section 3 of Exhibit D.

More Definitions of Capacity Price

Capacity Price has the meaning set forth in Section 3 of Exhibit D.

Capacity Price means (i) the price as specified in Attachment A, Exhibit 1 in US dollars per kW-Month or, (ii) the price as specified in Attachment A, Exhibit 1 in US dollars per kW-Day multiplied by the number of days in the relevant Billing Cycle.

Capacity Price. The Capacity Price shall be $X/MW-Day for the Period of Delivery. The Capacity Price shall be payable monthly as set forth below. Energy Price: Not applicable. The Seller has no obligation to provide energy or any product other than Capacity and the Buyer has no obligation to purchase energy or any product other than Capacity. Seller must offer Capacity in the amount of the Contract Quantity (hereinafter defined) to MISO consistent with MISO Module E requirements. Contract Quantity: X MW per hour for the entire Period of Delivery. Capacity Source: XXXXX defined by MISO as CP Node XXXXX in the most recent MISO Generation Deliverability Test Result Results (which currently are February 28, 2008). The CP Node for the Capacity Source shall be as defined above. However, to the extent Seller desires to change the CP Node, Seller shall provide written and verbal notice to Buyer by no later than one hour prior to the close of the MISO day-ahead energy market for the applicable delivery day. Buyer will accept this change so long as the capacity at the replacement CP Node meets the definition of Capacity listed in the Product section above. Notwithstanding the foregoing, Seller agrees that it shall use reasonable efforts to assist ▇▇▇▇▇ in complying with any resource adequacy requirements imposed by any applicable legal authority, including without limitations, the requirements and business practices of MISO, NERC, SERC, Ameren's Illinois Balancing Authority or any successor thereto, or any other applicable legal authority. Delivery Point: CP Node of the Capacity Source, which is [____________] CP Node, or the CP Node of any replacement Capacity Source as provided herein.Busbar of the Capacity Source within MISO at the [__________] CP Node or the busbar of any replacement Capacity Source as provided herein.

Capacity Price or “CP” means the dollar per megawatt amount ($/MW) for each corresponding calendar month of a given Contract Year as established in Exhibit D.

Capacity Price shall have the meaning set forth in Section 6.1. “Contract Term” shall have the meaning set forth in Section 2.1.

Capacity Price set forth in the following table shall be used to calculate the RA Capacity Payment. The Capacity Price is unique to this agreement and specific to the Generating Facility. Month 1 - Peak 2 - Partial-Peak 3 - Off-Peak Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Capacity Price. The $kW-yr capacity purchase price from the Capacity Payment Schedule for the Contract Term and date of Firm Operation.