Examples of Greenhouse Gas Allowance Price in a sentence
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.
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 calculate maximum daily GHG Bid Adders for each EDAM Resource, each EIM Resource, and each resource located within the CAISO Balancing Authority Area in relation to GHG Regulation Areas, as applicable, based on the resource’s highest average heat rate on its heat rate curve, the applicable Greenhouse Gas Allowance Price, and the resource’s applicable emission rate.
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.
The CAISO will update the Greenhouse Gas Allowance Price by approximately 22:00 Pacific Time each day (T).
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 rateauthorized by the California Air Resources Board, and the applicable Greenhouse Gas Allowance Price.
The Proxy Greenhouse Gas Allowance Price is variable based on market valuation.
We encourage CAISO to consider whether more objective criteria can be developed which will still afford CAISO the necessary flexibility to respond to unusual events.2. Greenhouse Gas Allowance Price Indices 38.
The Projected Proxy Cost will include a gas price component and, if eligible, a projected Greenhouse Gas Allowance Price component calculated as set forth in this Section 36.6.1.6.39.6.1.6.1 Gas Price Component of Projected Proxy CostFor natural gas-fired resources, the CAISO will calculate a gas price to be used in establishing maximum Start-Up Costs and Minimum Load Costs after the twenty-first day of each month and post it on the CAISO Website by the end of each calendar month.