Market Price Index means the EIM real-time pre-dispatch nodal price for the Delivery Point. In the event PGE is participating in an organized market other than EIM, then the Market Price Index will mean the Locational Marginal Price associated with the Pricing Node or Aggregate Pricing Node for the Delivery Point within such organized market.
Market Price Index means a metric that represents the price position relative to top competitors across commonly procured goods, works and services;
Market Price Index means the sum, expressed in dollars per megawatt hour, of both of the following for the upcoming twelve-month period that begins the first day of June and ends the thirty-first day of May:
Examples of Market Price Index in a sentence
The As-Available Rate will be calculated using the Non-Firm Market Price Index.
With the support of the World Bank and in collaboration with the Kenya ICT Board, the Public Procurement Oversight Authority (PPOA) is developing a web-based Market Price Index and an e-Procurement system.
The price of gas sold under this contract is denominated in Brazilian Real and is adjusted annually for inflation pursuant to the Brazilian General Market Price Index (Indice Geral de Preços do Mercado), or IGPM.
These bonds bear annual compound interest of 12%, plus the IGP-M (General Market Price Index).
If any index is not available for a given period, the Firm Market Price Index will be the average price derived from days in which all published data is available, for the same number of days immediately preceding and immediately succeeding the period in which an index was not available, regardless of which days of the week are used for this purpose.
More Definitions of Market Price Index
Market Price Index means the sum, expressed in dollars per megawatt hour, of both of the following for the upcoming program year:
Market Price Index means the weighted average of the Integrated Forward Market hourly price for all the Reference Hours in the Contract Year, as published by the CAISO, for the SP-15 Existing Zone Generation Trading Hub (as defined in the CAISO Tariff) weighted by hourly and monthly volumes in the forecast most recently delivered by Seller pursuant to Section 7.3(c); provided, that in the event there are no longer market prices for SP-15 Existing Zone Generation Trading Hub, the Parties will mutually agree to a replacement market price index that most closely reflects the geographic location of the SP-15 Existing Zone Generation Trading Hub at the Effective Date; and, provided, further, that if a market price index for solar energy that would more accurately track the price of the PV Delivered Energy is created, the Parties may mutually agree to adapt such index price as the “Market Price Index” at such time.
Market Price Index means the monthly firm forward market price at NP15 for on-peak hours and off-peak hours, as reasonably calculated by Buyer, and verified by Seller, taking into account, among other valuations, quotations from leading brokers in Energy contracts that are not Affiliates of either Party, settlement prices on established, actively traded power exchanges, other bona fide third-party offers, and other relevant market information; provided that in the event there are no longer market prices for NP15, the Parties will mutually agree to a replacement market price index that most closely reflects the geographic location of NP15 as of the Effective Date.
Market Price Index means the weighted average of the Integrated Forward Market (as defined in the CAISO Tariff) hourly price for all the reference hours in the GEP Shortfall period as published by the CAISO, for the weighted by hourly and monthly volumes at the PNode; and, provided, further, that if a market price index for solar energy that would more accurately track the price of the Facility Energy is created, the Parties may mutually agree to adapt such index price as the “Market Price Index” at such time.
Market Price Index equals the simple average value of the CAISO day-ahead prices for SP15 for the hours between hours ending 0700 and 1800 during any Contract Year in which Seller has failed to cure a GEP Shortfall with Replacement Energy.
Market Price Index for a particular point of delivery shall mean the published price references, to be designated by Lessee, which reflect the price paid for gas sold under spot contracts between unaffiliated third parties into one or more mainline transmission systems which represent a market for the gas purchased by Lessee at such point of delivery. If the parties disagree on which price references should be included in the Market Price Index for a particular point of delivery, then the determination of the proper price references for the Market Price Index shall be submitted to arbitration. If Lessor does not make an offer to purchase the gas, or does not elect to purchase the gas at the Market Price, then Lessor's right of first refusal shall be reinstated with respect to any bona fide offer subsequently received by Lessee. In the event gas is found on the leased premises or on lands pooled therewith, Lessee shall immediately notify Lessor in writing at Union Pacific Resources Company, ATTN: Natural Gas Sales, P. O. Box 0, Xxxx Xxxxx, Xxxxx 00000-0000. If either party invokes its right to arbitration, then the parties shall arbitrate the matter by selecting one arbitrator who is acceptable to both parties. However, if the parties are unable to select one arbitrator who is acceptable to both of them, then each party shall select one arbitrator, and the two arbitrators so selected shall select a third arbitrator. If the arbitration is handled by a single arbitrator, the parties shall each pay one-half (l/2) of the fees of the arbitrator, as well as one-half (l/2) of the costs and expenses of the arbitration. If three arbitrators are selected, each party shall bear the expense of the fees of the arbitrator it selects, and the two parties shall each pay one-half (1/2) of the fees of the third arbitrator, as well as one-half (1/2) of the costs and expenses of the arbitration. The jurisdiction of the arbitrators will be limited to determining which published price references are consistent with the parties intent that the Market Price Index will reflect the prices paid for gas sold under spot contracts between unaffiliated third parties into mainline transmission systems which represent a market for the gas purchased by Lessor at the point of delivery. Unless otherwise specifically agreed to by both parties in writing, the rules and procedures set forth in the Arbitration Laws of the State of Colorado shall govern the arbitration proceeding as fully as if all of such laws were...
Market Price Index means (a) the average price reported on the Intercontinental Exchange (“ICE”) Day-Ahead Mid-Columbia (“Mid-C”) On-Peak Index, for On-Peak Hours, and (b) the average price reported on the ICE Day-Ahead Mid-C Off- Peak Index, for Off-Peak Hours. Page 9 –Wholesale Renewable Power Purchase Agreement