Energy Swap definition
Examples of Energy Swap in a sentence
Party B shall not (except to the extent permitted by Part 13(b)(iii) and Part 5(h)) purchase Energy or other Products from, or enter into any Energy Swap, Energy Option or any other Hedging Transaction with, any other party during the term of this Agreement.
Net Behind Meter / Energy Swap Impacts is the benefit received by the project times MID GES for any revenues associated with a behind the meter generation as a result of City of Lodi installing a new transmission line that avoids CAISO charges.
Promptly after the end of each Calculation Period for each outstanding Energy Swap, Party A shall deliver to Party B invoices in respect of Energy Swap settlement payments that are due with respect to such Transactions.
Energy Swap settlement payments shall be due on the fifth Business Day after the end of each relevant Calculation Period (the “Energy Swap Settlement Date”); provided, however, that Energy Swap settlement payments due from Party B shall not be deemed past due so long as such payments are made by the Energy Due Date that occurs in the third month following the end of the applicable Calculation Period.
If the fixed price for any Energy Swap includes an Energy Adder, Party B shall not be obligated to pay an Energy Adder with respect to that portion of any Power Transaction which at the time of determination is hedged by such Energy Swap.