Competitive and Non-Discriminatory Hedging Contract definition

Competitive and Non-Discriminatory Hedging Contract means a contract to hedge a risk associated with a product offered in the ISO Administered Markets between a Non-Qualifying Entry Sponsor and the Developer, Owner or Operator of an Examined Facility with a term that shall not exceed three years (inclusive of all options to extend and extensions) and that the ISO determines has been executed pursuant to a procurement process that satisfies the requirements enumerated below. Competitive and Non-Discriminatory Hedging Contracts shall not be deemed to be a non-qualifying contractual relationship that would prevent an Examined Facility from obtaining a Competitive Entry Exemption pursuant to 23.4.5.7.9 of Attachment H of this Services Tariff. The ISO shall determine that a contract is a Competitive and Non-Discriminatory Hedging Contract only if it concludes, and the Non-Qualifying Entry Sponsor executes a certification confirming that, the contract was executed through a procurement process that met all of the following requirements: (A) both new and existing resources satisfy the requirements of the procurement; (B) the requirements of the procurement were fully objective and transparent ; (C) the contract was awarded based on the lowest cost offers of qualified bidders that responded to the solicitation; (D) the procurement terms did not restrict the type of capacity resources that may participate in, and satisfy the requirements of, the procurement; (E) the procurement terms did not include selection criteria that could otherwise give preference to new resources; and (F) the procurement terms did not use indirect means to discriminate against existing resources, including, but not limited to, by imposing geographic constraints, unit fuel requirements, maximum unit heat-rate requirements or requirements for new construction.
Sample 1Sample 2Sample 3
Competitive and Non-Discriminatory Hedging Contract means a contract to hedge a risk associated with a product offered in the ISO Administered Markets between a Non-
Sample 1Sample 2
Competitive and Non-Discriminatory Hedging Contract means a contract for a NYISO product between a Non-Qualifying Entry Sponsor and a Generator or UDR facility having a term that shall not exceed three years inclusive of all extensions and having beenexecuted pursuant to a procurement process that is determined by the ISO meets the following requirements enumerated below and may be excluded from the non-qualifying contractual relationships that would prevent the ISO award of a Competitive Entry Exemption pursuant to 23.4.5.7.9 of Attachment H of this Services Tariff. The ISO may determine a contract with a Non-Qualifying Entry Sponsor is a Competitive and Non-Discriminatory Hedging Contract only if the Non-Qualifying Entry Sponsor executes a certification confirming that such procurement process has met all of the following requirements: (A) both new and existing resources are/were permitted to satisfy the requirements of the procurement; (B) the requirements of theprocurement are/were fully objective and transparent; (C) contract award will be/was awarded based on the lowest cost offers of eligible bidders that responded to the procurement solicitation conducted by the Non-Qualifying Entry Sponsor; (D) the procurement terms do not restrict the type of capacity resources that may participate in, and satisfy the requirements of, theprocurement; (E) the procurement terms do not include selection criteria that could give preference to new resources; and (F) the procurement terms do not use indirect means to discriminate against existing resources, including, but not limited to, by imposing geographic constraints, unit fuel requirements, maximum unit heat-rate requirements or requirements for new construction.
Sample 1

Examples of Competitive and Non-Discriminatory Hedging Contract in a sentence

  • If the Examined Facility does not submit the required certification and acknowledgement the contract will not qualify as a Competitive and Non-Discriminatory Hedging Contract.


More Definitions of Competitive and Non-Discriminatory Hedging Contract

Competitive and Non-Discriminatory Hedging Contract means a contract to hedge a risk associated with a product offered in the ISO Administered Markets between a Non- Qualifying Entry Sponsor and the Developer, Owner or Operator of an Examined Facility with a term that shall not exceed three years (inclusive of all options to extend and extensions) and that the ISO determines has been executed pursuant to a procurement process that satisfies the requirements enumerated below. Competitive and Non-Discriminatory Hedging Contracts shall not be deemed to be a non-qualifying contractual relationship that would prevent an Examined Facility from obtaining a Competitive Entry Exemption pursuant to 23.4.5.7.9 of Attachment H of this Services Tariff. The ISO shall determine that a contract is a Competitive and Non- Discriminatory Hedging Contract only if it concludes, and the Non-Qualifying Entry Sponsor
Sample 1
Competitive and Non-Discriminatory Hedging Contract means a contract to hedge a risk associated with a product offered in the ISO Administered Markets between a Non- Qualifying Entry Sponsor and an Examined Facility with a term that shall not exceed three years (inclusive of all options to extend and extensions) and that the ISO determines has been executed pursuant to a procurement process that satisfies the requirements enumerated below.
Sample 1

Related to Competitive and Non-Discriminatory Hedging Contract

  • Anti-competitive Practice means any collusion, bid rigging or anti-competitive arrangement, or any other practice coming under the purview of The Competition Act 2002, between two or more bidders, with or without the knowledge of the Purchaser, that may impair the transparency, fairness and the progress of the procurement process or to establish bid prices at artificial, non-competitive levels;

  • Selective contracting arrangement means an arrangement in which a carrier participates in selective contracting with one or more providers, and which arrangement contains reasonable benefit differentials, including, but not limited to, predetermined fee or reimbursement rates for covered benefits applicable to participating and nonparticipating providers.

  • Length of an academic term means the total number of school days in a single trimester or semester, as defined by the board of directors.

  • Competition or “Competitions” means any competition comprised within the Event where the winner is awarded a prize. A Competition may be comprised of one or more qualification phase/sections, runs or heats, including official training sessions. In the FIS Rules, Competitions are sometimes also referred to as “races”.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.