Market Capacity Price definition

Market Capacity Price means the price as defined in Section 4.3 of this Agreement.
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Market Capacity Price shall equal zero prior to the establishment of the ISO/PE and thereafter at any time when no separate market for capacity exists. Commencing on the first day of the month following the calendar month in which the ISO/PE is established and only if there then exists a separate market for capacity, the Market Capacity Price shall mean the market price paid to sellers for capacity, at the Delivery Point or the region in which the Delivery Point is located, established by the ISO/PE capacity auction; provided, however, that at such time the Parties shall conduct good faith negotiations and use their Reasonable Best Efforts to mutually determine whether to continue the pricing referred to in clause (i) of the definition of Market Energy Price for a mutually agreed upon additional period of time.
Sample 1
Market Capacity Price. Shall equal zero at any time when (i) no separate market for capacity exists, or (ii) capacity obligations for load serving entities cease to exist in the NYISO Tariff. Commencing on the first day of the month following the calendar month in which the NYISO is initially established and operating and only if there then exists a separate market for capacity, the Market Capacity Price shall mean the price paid to producers or by load serving entities for capacity at the respective generator plant bus- bar location, established by the most recent NYISO capacity auction. N E [P(i) * V(i))/H(i)] |-| $/MWh
Sample 1

Examples of Market Capacity Price in a sentence

  • The Alternative 2 VDER Value Stack Capacity rate will be calculated by dividing the Previous Year’s Annual Spot Market Capacity Price by the Capacity Alternative 2 Contracted Hours (240 or 245).

  • WHERE: Market Price = Market Energy Price + Market Capacity Price for the respective Contract Month.

  • The Alternative 1 VDER Value Stack Capacity Component will be determined by multiplying the Previous Year’s Annual Spot Market Capacity Price by Previous Year’s Coincidental Demand applicable to Large Demand customers divided by current year’s Large Demand customers forecast of sales.

  • If Seller determines not to exercise its rights to put energy and capacity to Buyer, Seller may sell any energy or capacity associated with the Interval Quantity or the contract quantity of electricity set forth in Attachment A to third parties, provided Seller has first offered to sell energy and capacity to Buyer at the Proxy Market Price or Market Price, whichever is applicable, and the Market Capacity Price, if applicable, and Buyer has declined the opportunity to purchase such energy and capacity.

  • The Alternative 2 VDER Value Stack Capacity rate will be calculated by dividing the Previous Year’s Annual Spot Market Capacity Price by the Capacity Alternative 2 Contracted Hours (240 or 245 hours)..

  • The first revenue source will be Monthly Contract Payments to be paid by NiMo regardless of Phase I output, except in the event that the Market Price or Market Capacity Price (which offset the capacity component and the fixed portion of the energy component) are so high as to reduce the Monthly Contract Payment below zero.


More Definitions of Market Capacity Price

Market Capacity Price. Shall equal zero (i) prior to the ISO/PE Establishment Date (as defined below) and (ii) thereafter at any time when no separate market for capacity exists. Commencing on the first day of the month following the calendar month in which the ISO/PE Establishment Date occurs and only if there then exists a separate market for capacity, the Market Capacity Price shall mean the market price paid to sellers for capacity, at the region in which the PROJECT ORANGE's Project's bus bar is located, established by the ISO/PE capacity auction; provided, however, that at such time the parties shall conduct good faith negotiations and diligently endeavor to mutually determine whether to continue the pricing referred to in clause (i) of the definition of Proxy-Market Price for a mutually agreed upon additional period of time. Following the Proxy-Market Price Period and only if there then exists a separate market for capacity, the parties shall conduct good faith negotiations and diligently endeavor to adjust the applicable capacity on a basis consistent with the structure of such separate market.
Sample 1
Market Capacity Price. Shall equal zero (i) prior to the ISO/PE Establishment Date (as defined below) and (ii) thereafter at any time when no separate market for capacity exists. Commencing on the first day of the month following the calendar month in which the ISO/PE Establishment Date occurs and only if there then exists a separate market for capacity, the Market Capacity Price shall mean the market price paid to sellers for capacity, at the region in which the Delivery Point is located, established by the ISO/PE capacity auction; provided, however, that at such time the parties shall conduct good faith negotiations and diligently endeavor to mutually determine whether to continue the pricing referred to in clause (i) of the definition of Proxy-Market Price for a mutually agreed upon additional period of time. Following the Proxy-Market Price Period and only if there then exists a separate market for capacity, the parties shall conduct good faith negotiations and diligently endeavor to adjust the applicable capacity on a basis consistent with the structure of such separate market.
Sample 1

Related to Market Capacity Price

  • Reliability pricing model or "RPM" means PJM's capacity-

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Available RP Capacity Amount means (i) the amount of Restricted Payments that may be made at the time of determination pursuant to Sections 7.06(d), (g), (h) and (l) minus (ii) the sum of the amount of the Available RP Capacity Amount utilized by the Borrower or any Restricted Subsidiary to (A) make Restricted Payments in reliance on Sections 7.06 (g), (h) or (l), (B) incur Liens pursuant to Section 7.01(bb), (C) make Investments pursuant to Section 7.02(n), (D) incur Indebtedness pursuant to Section 7.03(y) and (E) make prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity utilizing the Available RP Capacity Amount pursuant to Section 7.13 plus (iii) the aggregate principal amount of Indebtedness prepaid prior to or substantially concurrently at such time, solely to the extent such Indebtedness (A) was secured by Liens pursuant to Section 7.01(bb) or (B) was incurred pursuant to Section 7.03(y) and not secured pursuant to Section 7.01(bb) (it being understood that the amount under this clause (iii) shall only be available for use under Sections 7.01(bb) and/or 7.03(y), as applicable).

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Nameplate Capacity Rating means the maximum capacity of the Facility as stated by the manufacturer, expressed in kW, which shall not exceed 10,000 kW.

  • Capacity Market Buyer means a Member that submits bids to buy Capacity Resources in any Incremental Auction.

  • Capacity Utilization Factor or “CUF” shall have the same meaning as provided in CERC (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2009 as amended from time to time; However, for avoidance of any doubt, it is clarified that the CUF shall be calculated on the Contracted Capacity; In any Contract Year, if ‘X’ MWh of energy has been metered out at the Delivery Point for ‘Y’ MW Project capacity, CUF= (X MWh/(Y MW*8766)) X100%; Declared CUF for this Project shall be % (to be revised as applicable).

  • Base Capacity Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(b).

  • Project Capacity means the AC capacity of the project at the generating terminal(s) and to be contracted with MSEDCL for supply from the Solar Power Project.

  • Liquidity Price means the price per share equal to the Valuation Cap divided by the Liquidity Capitalization.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Storage Capacity means any combination of space, injectability and deliverability.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Capacity Market Seller means a Member that owns, or has the contractual authority to control the output or load reduction capability of, a Capacity Resource, that has not transferred such authority to another entity, and that offers such resource in the Base Residual Auction or an Incremental Auction.

  • Lowest Achievable Emission Rate (LAER) means, for any source, the more stringent rate of emissions based on the following:

  • Applicable Pricing Level means, (a) for the Initial Pricing Period, Pricing Level II, and (b) thereafter, the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: I Greater than or equal to Aa3 / AA- II Less than Aa3 / AA- but greater than or equal to A1/A+ III Less than A1/A+ but greater than or equal to A2/A IV Less than A2/A but greater than or equal to A3/A- V Less than A3/A- provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Maximum Capacity or ‘Pmax’ means the maximum continuous active power which a power-generating module can produce, less any demand associated solely with facilitating the operation of that power-generating module and not fed into the network as specified in the connection agreement or as agreed between the relevant system operator and the power-generating facility owner;

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Lowest achievable emission rate (LAER) means for any source, that rate of emissions which reflects the most stringent emission limitation which is contained in the implementation plan of any State for such class or category of source, unless the owner or operator of the proposed source demonstrates that such limitations are not achievable, or the most stringent emission limitation which is achieved in practice by such class or category of source, whichever is more stringent. In no event shall the application of this term permit a proposed new or modified source to emit any pollutant in excess of the amount allowable under applicable New Source Standards of Performance.

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • Daily Price means, for any relevant day, the closing price on that day (or if there is no closing price the last bid price) as reported by the principal exchange or quotation system on which prices for the Common Stock are reported. On the redemption date the holders of record of redeemed Warrants shall be entitled to payment of the Redemption Price upon surrender of such redeemed Warrants to the Company at its principal office.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).