Locational Marginal Price definition

Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

Locational Marginal Price has the meaning set forth in the CAISO Tariff.

Locational Marginal Price or “LMP” shall mean the market price for energy at a given location in a Party’s Control Area, calculated in accordance with the requirements of the Party’s tariff, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

Examples of Locational Marginal Price in a sentence

• The proxy value for each FTR path, which shall be calculated separately for on-peak and off-peak FTRs, will be based on the standard deviation observed in the difference between the average congestion components of the Locational Marginal Price in the Day- Ahead Energy Market at the path’s sink and source for the previous 36 months, with differing multipliers for annual and monthly FTRs and for prevailing flow and counter flow paths.

• Basic Generation Service – Commercial and Industrial Energy Pricing or “BGS-CIEP” – electric generation service that is provided pursuant to the Applicable Legal Authorities at prices that include an energy charge component that varies on an hourly basis in accordance with changes in the load-weighted average Residual Metered Load aggregate Real-Time Locational Marginal Price (including Energy, congestion and marginal losses) for the Company’s Transmission Zone under the Company’s BGS-CIEP Tariffs.

• Both values will be based on the probability distribution of Congestion revenue of such CRR calculated using historical Locational Marginal Price data, when available, and proxy values, including data taken from Locational Marginal Price studies conducted by the CAISO, until such time as historical Locational Marginal Price data is available, with the details of such calculation published in a Business Practice Manual.

• The CAISO will settle Uninstructed Imbalance Energy for deviations from an EIM Base Schedule below PMin in an EIM Entity Balancing Authority Area at the applicable RTD Locational Marginal Price in accordance with Section 11.5.2.1 with the applicable EIM Entity Scheduling Coordinator or EIM Participating Resource Scheduling Coordinator.

• The CAISO will settle the Uninstructed Imbalance Energy for non-participating resources in an EIM Entity Balancing Authority Area at the applicable RTD Locational Marginal Price in accordance with Section 11.5.2.1 with the applicable EIM Entity Scheduling Coordinator and will treat EIM Balancing Authority Demand in the same manner as the CAISO treats CAISO Demand under that Section.

More Definitions of Locational Marginal Price

Locational Marginal Price or “LMP” has the meaning set forth in the CAISO Tariff.

Locational Marginal Price or “LMP” shall have the meaning set forth in the ISO-NE Rules.

Locational Marginal Price or “LMP” shall have the meaning ascribed to it in the PJM Agreements.

Locational Marginal Price means the hourly integrated market clearing marginal price for energy at the location the energy is delivered or received, calculated as specified in Section 2 of Schedule 1 of this Agreement.

Locational Marginal Price or “LMP” – Has the meaning ascribed to such term in the MISO Rules.

Locational Marginal Price means the hourly integrated market clearing price for energy at the location the energy is delivered or received.

Locational Marginal Price means the price calculated for the applicable trading hub pursuant to the ERCOT Protocols.