Energy Forward Price definition

Energy Forward Price means the arithmetic average of the future market prices of Energy, which shall be the mid-point between the bid and ask prices at the ISO-NE Internal Hub as quoted by Intercontinental Exchange (“ICE”), ICAP Energy, or NYMEX, at Buyer’s or Seller’s (as applicable) discretion. If quoted market prices are available from ICE, ICAP Energy, or NYMEX, as applicable, for only part of the Delivery Term, Buyer or Seller (as applicable) will extrapolate the Price for the period not available based on other available information. If quoted market prices from the selected source are not available for any part of the applicable Delivery Term, the Parties shall agree to alternative sources for market prices for such period.
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Examples of Energy Forward Price in a sentence

  • The price for On-peak Energy Forward Price and Off-peak Energy Forward Price as determined by averaging concurrent broker quotes obtained by the Company for the Market Price Hub as available.

  • For each Fixed Price Transaction, the “initial marks” for each Billing Month will be determined at the time the DS Solicitation is completed based on the available On-Peak Energy Forward Price and Off-Peak Energy Forward Price.

  • The initial ▇▇▇▇ for each Billing Month is the On-Peak Energy Forward Price and the Off-Peak Energy Forward Price that was calculated on the date that the DS Solicitation closes and will not change over the life of the applicable Transaction.

  • Off-Peak Energy Forward Price - Means the price for Off-Peak Hoursoff-peak hours for each Billing Month of the delivery period stated in terms of $/MWh as based on the most recent publicly available information and/or quotes from Reference Market Makers on forward energy transactions occurring at the Market Price Hub.

  • On-Peak Energy Forward Price – Means the price for On-Peak Hourson-peak hours for each Billing Month of the delivery period stated in terms of $/MWh as based on the most recent publicly available information and/or quotes from Reference Market Makers on forward energy transactions occurring at the Market Price Hub.

  • The price for On-peak Energy Forward Price as determined by averaging concurrent broker quotes obtained by the Company for the Market Price Hub as available.