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” has the meaning set forth in the CAISO Tariff.

Examples of Locational Marginal Price in a sentence

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.

More Definitions of Locational Marginal Price

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 or “LMP” has the meaning set forth in the CAISO Tariff. “Losses” means, with respect to any Party, an amount equal to the present value of the economic loss to it, if any (exclusive of Costs), resulting from termination of this Agreement for the remaining Contract Term, determined in a commercially reasonable manner. Factors used in determining economic loss to a Party may include, without limitation, reference to information supplied by one or more third parties, which shall exclude Affiliates of the Non-Defaulting Party, including without limitation, quotations (either firm or indicative) of relevant rates, prices, yields, yield curves, volatilities, spreads or other relevant market data in the relevant markets, comparable transactions, forward price curves based on economic analysis of the relevant markets, settlement prices for comparable transactions at liquid trading hubs (e.g., SP-15), all of which should be calculated for the remaining Contract Term and must include the value of Green Attributes, Capacity Attributes, and Renewable Energy Incentives.