Locational Price Differential definition

Locational Price Differential means the positive or negative amount equal to: (i) the total for each hour of a billing period of the product of (a) the congestion component of the hourly day ahead Locational Marginal Price at the location(s) of the Load Asset(s) minus the congestion component of the day ahead Locational Marginal Price at the Massachusetts Hub, and (b) the amount of the hourly real time load(s) assigned to the Load Asset(s), plus (ii) the total for each hour of a billing period of the product of (a) the loss component of the hourly day ahead Locational Marginal Price at the location(s) of the Load Asset(s) minus the loss component of the day ahead Locational Marginal Price at the Massachusetts Hub, and (b) the amount of the hourly real time load(s) assigned to the Load Asset(s). The Locational Price Differential shall be applicable only to the percentage of the Standard Service Requirements and/or LRS Requirements set forth in any Service Attachment that indicates Scenario B.

Examples of Locational Price Differential in a sentence

  • The purpose of this article is to ensure that, by April 1, 2000, provisions relating to employee security and regularization of employees are established within each collective agreement affecting employees covered by this Agreement and to ensure that current and future employees who qualify for regularization under the provisions of this article will be regularized.

  • This Locational Price Differential will be added to the monthly payment due from Buyer to Seller that was determined as specified in Section 5.2. Within ten (10) days thereafter, Seller shall submit a xxxx to Buyer for all applicable charges hereunder based on such calculation.

  • This Locational Price Differential will be added to the monthly payment due from Buyer to Seller that was determined as specified in Section 5.2. Within ten (10) days thereafter, Seller shall submit a bill to Buyer for all applicable charges hereunder based on such calculation.

  • After the revised On-Peak SBA(s) and Off-Peak SBA(s) and/or any revised Locational Price Differential become known, Buyer shall supply to Seller revised billing determinants and Seller shall include a commensurate adjustment to the billing amount in the next monthly xxxx.

  • Each xxxx rendered under this Agreement shall be subject to adjustment after the end of each month in order to true-up charges based on revisions to: (i) the On-Peak CLQ(s) and Off-Peak CLQ(s) as determined pursuant to Appendix A; and/or (ii) the On-Peak SBA(s) and Off-Peak SBA(s); and/or (iii) any applicable Locational Price Differential.

Related to Locational Price Differential

  • Price Differential with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Final Price means (a) in the case of any Terminated Obligation, the amount determined pursuant to Clause 4, and (b) in the case of any Repaid Obligation, the amount determined pursuant to Clause 5, and

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • Yield Differential has the meaning set forth in Section 2.14(e)(iii).

  • Locational Price Adder means an addition to the marginal value of Unforced Capacity within an LDA as necessary to reflect the price of Capacity Resources required to relieve applicable binding locational constraints.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Interest Differential is defined in Section 3.4.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Base Price means the price to be used as the basis for determining the Spread upon the exercise of an Appreciation Right.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • 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.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

  • Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.