Forward Capacity Market definition
Examples of Forward Capacity Market in a sentence
ICAP Tag Value – A consumer account’s contribution to peak load, expressed in kW-month, as determined by the Local Distributor pursuant to the ISO New England Manual for the Forward Capacity Market.
A consumer account’s contribution to peak load, expressed in kW- month, as determined by the Local Distributor pursuant to the ISO New England Manual for the Forward Capacity Market.
The Provider shall sell the capacity of the Project into the Forward Capacity Market (FCM) by the later of twelve (12) months from the Commercial Operation Date or the first date available to participate in the Forward Capacity Auction (FCA); if not, the Provider relinquishes ownership of the Capacity Value of the Project to the Host.
Buyer shall neither take title to any Capacity nor be responsible for any actions or conditions in the Forward Capacity Market with respect to such Capacity.
Subject to all other terms of this Agreement, the actions of Seller in the Forward Capacity Market, as set forth in this Section 4.8, are for the economic benefit of Buyer, as set forth in Exhibit E.
Notwithstanding anything to the contrary contained in this Guaranty and for the avoidance of doubt, Guarantor hereby agrees that for purpose of this Guarantor all reference to the “Forward Capacity Market” shall mean and include the Forward Capacity Market as the same is in place and administered by the Guaranteed Party as of the date of this Guaranty and any successor or substitute market thereto, or replacement market thereof, administered by Guaranteed Party.
The Company, acting as LMP, shall not seek to qualify or bid the Facility for participation in the ISO-NE Forward Capacity Market (FCM) or seek a Capacity Obligation in the FCM.
Pursuant to Section 4.3, AER will work with CL&P in a timely fashion to prepare documentation for the purpose of submitting such Contract Capacity into the Forward Capacity Market or other appropriate ISO-NE market.
Seller has not sold and shall not sell any such Products to any other Person (other than sales of Capacity in the Forward Capacity Market as contemplated by this Agreement), and no Person other than Seller can claim an interest in any Product to be sold to Buyer under this Agreement.
If the Commission directs the Company to qualify the Facility in the Forward Capacity Market (FCM) and seek a Capacity Obligation in the FCM, the Company will be responsible for all costs associated with qualifying the Facility or any subsequent performance penalties associated with the Facility’s operation as a Capacity Resource.