Market Clearing Price definition

Market Clearing Price or “MCP” means for each Settlement Interval, the Day-Ahead Market price for the hour in which such Settlement Interval falls for SP-15.
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Market Clearing Price means the clearing price for capacity for the PJM sub-region that is applicable to the Project in the applicable PJM Reliability Pricing Model Base Residual Capacity Performance Auction.
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Market Clearing Price means the definition in YEKDEM Regulation,
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Examples of Market Clearing Price in a sentence

  • Each winning bidder in the auction shall pay the Market Clearing Price for the TCCs. The total revenues received from the sale of TCCs, the Market Clearing Prices, and the entities awarded TCCs shall be posted on OASIS.

  • There will be a separate Market Clearing Price for Capacity for each Ancillary Services capacity market.

  • Maintenance OutageSee Outage Market Clearing Price for CapacityThe highest price associated with a Congestion Zone for a Settlement Interval for Ancillary Service capacity awarded in each Ancillary Services capacity procurement run by ERCOT.

  • Market Clearing Price for EnergyThe highest price associated with a Congestion Zone for a Settlement Interval for Balancing Energy deployed during the Settlement Interval.

  • The information regarding Provisional Market Clearing Price shall be sent to all Members.

  • The CAISO will not accept Proxy Demand Resource or Reliability DemandResponse Resource Bids for Energy below this threshold Market Clearing Price in the CAISO Markets.

  • The payment for a given Generating Unit, Load or System Resource which provides Replacement Reserve capacity over the Trading Interval will be the total quantity of Replacement Reserve capacity provided times the Zonal Market Clearing Price for that Trading Interval in that Zone.

  • During each ten-minute Dispatch Interval in which RTDD is employed, the Energy Bid of the highest-priced resource dispatched under RTDD will be used to set the Market Clearing Price on a system-wide basis for all resources dispatched under RTDD.

  • The Market Clearing Price will not reflect Transmission Losses or Transmission Constraints.

  • Based on the nodal prices calculated by the CRR Auction SFT, the CRR Market Clearing Price per MW for a specific CRR will equal the nodal price at the CRR Sink minus the nodal price at the CRR Source.


More Definitions of Market Clearing Price

Market Clearing Price means, with respect to any given Auction, the initial offering price of the Securities as determined by the Auction Agent in accordance with, and shortly after the closing of, the Auction. The Market-Clearing Price shall be the highest price at which all of the Securities offered to the public (pursuant to the applicable Auction Document) may be sold to potential investors, and shall be determined by moving down the list of accepted bids in descending order of price until the aggregate number of Securities bid for is at least as large as the number of Securities being offered. Notwithstanding anything herein to the contrary, if a Qualified Bidder submits a bid on the basis of yield, as described in Section 2.3(c), such bid will be deemed to be for the price necessary to achieve the bid yield, taking into account the other terms of the Securities, and shall be ordered in the list accordingly.
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Market Clearing Price means, with respect to the Auction, the initial offering price of the Securities as determined by the Auction Agent in accordance with, and shortly after the closing of, the Auction. The Market-Clearing Price shall be the highest price at which all of the Securities offered to the public (pursuant to the Auction Document) may be sold to potential investors, and shall be determined by moving down the list of accepted bids in descending order of price until the aggregate number of Securities bid for is at least as large as the number of Securities being offered.
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Market Clearing Price means the price at which TPQ is deemed bought or sold on the TPQ exchange, as determined under Section 25;
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Market Clearing Price means the price at which TPQ shall be deemed bought or sold on the TPQ Exchange as defined in these regulations;
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Market Clearing Price means, for each hour during the Transactions Term, the Average NEPOOL Clearing Price; provided, that in the event the Congestion Management System, including a locational based pricing system, or other similar system is implemented by NEPOOL, the Market Clearing Price shall mean the Reference Price.
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Market Clearing Price or “MCP” means, in respect of a Dispatch Interval, the “market price” of “energy” as defined in Chapter 11 of the IESO Market Rules in respect of such Dispatch Interval.
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Related to Market Clearing Price

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the Original Mid-Swap Rate Basis (calculated on the day count basis customary for fixed rate payments in the Specified Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Specified Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (as specified in the applicable Final Terms) (calculated on the day count basis customary for floating rate payments in the Specified Currency as determined by the Calculation Agent);

  • Offering Price has the meaning given to it in the first paragraph of this Agreement;

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Closing Price has the meaning assigned to such term in Section 15.1(a).