Examples of Greenhouse Gas Allowance Price in a sentence
The projected Greenhouse Gas Allowance Price component will be applicable for Scheduling Coordinators on behalf of eligible Use-Limited Resources electing to use the Registered Cost methodology until a new projected Greenhouse Gas Allowance Price component is calculated and posted on the CAISO Website.
For each natural gas-fired resource registered with the California Air Resources Board as having a greenhouse gas compliance obligation, the CAISO will calculate a greenhouse gas cost adder as the product of the resource’s incremental heat rate, the greenhouse gas emissions rate authorized by the California Air Resources Board, and the applicable Greenhouse Gas Allowance Price.
For each future hour, calculate the LMPs by applying the gas price index of the future month and the most recent Greenhouse Gas Allowance Price calculated pursuant to Section 39.7.1.1.1.4 to the scaled implied heat rates calculated under (5) above.
For each future month, calculate a monthly future implied heat rate based on the applicable wholesale future power price of the applicable electric pricing hub as published by Intercontinental Exchange, the most recent Greenhouse Gas Allowance Price calculated pursuant to Section 39.7.1.1.1.4, and the natural gas future commodity price of the applicable fuel region.
The daily Greenhouse Gas Allowance Price will be used in the next day’s Real-Time Market (T+1) and in the Day-Ahead Market for the following Trading Day (T+2).
If for any reason the CAISO cannot calculate a Greenhouse Gas Allowance Price, it will use the most recently calculated value.
The CAISO will update the Greenhouse Gas Allowance Price by approximately 22:00 Pacific Time each day (T).
The projected Greenhouse Gas Allowance Price component will be applicable for Scheduling Coordinators on behalf of eligible Use- Limited Resources electing to use the Registered Cost methodology until a new projected Greenhouse Gas Allowance Price component is calculated and posted on the CAISO Website.
The projected Greenhouse Gas Allowance Price component will be calculated by averaging the applicable daily Greenhouse Gas Allowance Prices calculated over the first twenty (20) days of the month using the methodology set forth in Section 39.7.1.1.1.4.
For each natural gas-fired resourceregistered with the California Air Resources Board as having a greenhouse gas compliance obligation, the CAISO will calculate a greenhouse gas cost adder as the product of the resource’s incremental heat rate, the greenhouse gas emissions rate authorized by the California Air Resources Board, and the applicable Greenhouse Gas Allowance Price.