Monthly OREC Price definition

Monthly OREC Price. A price in dollars per OREC determined by NYSERDA for each month of the Contract Delivery Term. If the Applicable OREC Price is the Fixed OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.02 of this Agreement. If the Applicable OREC Price is the Index OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.03 of this Agreement. New York Control Area (NYCA): The geographic bounds of the electricity system that is under the control of the NYISO, which includes transmission facilities listed in the ISO/TO Agreement Appendices A-1 and A-2, as may be amended from time to time. New York Generation Attribute Tracking System (NYGATS): The tracking system, administered under the auspices of NYSERDA, that records electricity generation attribute information within New York State, and processes generation attribute information from energy imported and consumed within New York State, as a basis for creating generation attribute certificates, including ORECs. NYGATS will create exactly one OREC per MWh of generation attributable to the Selected Project and delivered to the Delivery Point in accordance with the applicable electricity delivery requirement set forth in Article III of this Agreement.
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Monthly OREC Price. A price in dollars per OREC for each month of the Contract Delivery Term. If the Applicable OREC Price is the Fixed OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.02 of this Agreement. If the Applicable OREC Price is the Index OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.03 of this Agreement. MWBE: Minority and/or Women‐Owned Businesses, such term is as defined under New York State Executive Law Article 15-A. North American Electric Reliability Corporation (NERC): The Electric Reliability Organization for North America certified by the Federal Energy Regulatory Commission to establish and enforce reliability standards for the bulk power system. NEPA: The National Environmental Policy Act of 1970. New York Control Area (NYCA): The geographic bounds of the electricity system that is under the control of the NYISO, which includes transmission facilities listed in the ISO/TO Agreement Appendices A-1 and A-2, as may be amended from time to time. New York Generation Attribute Tracking System (NYGATS): The tracking system, administered under the auspices of NYSERDA, that records electricity generation attribute information within New York State, and processes generation attribute information from energy imported and consumed within New York State, as a basis for creating generation attribute certificates, including ORECs. NYGATS will create exactly one OREC per MWh of generation attributable to the Selected Project and delivered to the Delivery Point in accordance with the applicable electricity delivery requirement set forth in Article III of this Agreement.
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Monthly OREC Price. A price in dollars per OREC for each month of the Contract Delivery Term. If the Applicable OREC Price is the Fixed OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.02 of this Agreement. If the Applicable OREC Price is the Index OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.03 of this Agreement. MWBE: Minority- and/or Women‐Owned Businesses Enterprises as such terms are defined under New York State Executive Law Article 15-A.
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Examples of Monthly OREC Price in a sentence

  • If, for any month, the amount payable to Seller is a negative amount because the Monthly OREC Price for that month was negative, NYSERDA shall make no payment to Seller for that month and instead shall record a debit in such amount (“Monthly Debit”).

  • The amount payable to Seller with respect to each monthly invoice shall be the product of: (i) the number of ORECs associated with the Actual Production during the month and Transferred to the NYSERDA NYGATS Account in accordance with Section 2.01, and (ii) the Monthly OREC Price for the vintage month of the ORECs Transferred.

  • Invoices shall not be submitted before NYSERDA provides Seller with the Monthly OREC Price for a given month in accordance with Section 4.04(a) of this Agreement; invoices submitted before NYSERDA provides Seller with the Monthly OREC Price for a given month shall not be considered proper invoices for purposes of NYSERDA’s Prompt Payment Policy.

  • The following formulae depict the calculation of the Monthly OREC Price based on the Index OREC Price in accordance with Section 4.03(a).

  • Within fifteen (15) days after NYSERDA has received the information for the Selected Project necessary to compute a Monthly OREC Price, NYSERDA shall inform Seller of the Monthly OREC Price for that month.

  • The Fixed OREC Carbon Price Adjustment shall be calculated by NYSERDA no less than annually, based on a 12-month period that NYSERDA may select in its reasonable discretion; provided, however that if NYISO publishes data that readily facilitate monthly calculation, NYSERDA shall calculate the Fixed OREC Carbon Price Adjustment each month and apply it to the Monthly OREC Price.

  • For each month, the Monthly OREC Price shall equal the Index OREC Strike Price minus the Reference Energy Price minus the Reference Capacity Price; provided that in no case shall the Monthly OREC Price exceed the Index OREC Strike Price.

  • However, for any month in which the Fixed OREC Carbon Price Adjustment exceeds the Fixed OREC Price, the Monthly OREC Price shall be zero.

  • NYSERDA shall deduct the Fixed OREC Carbon Price Adjustment from the Fixed OREC Price in order to determine the Monthly OREC Price.

  • With the exception of an invoice submitted in accordance with Article V of this Agreement, NYSERDA shall have no obligation to pay any invoice submitted more than one hundred twenty (120) calendar days after NYSERDA provides Seller with the Monthly OREC Price for a given month for which payment is requested.


More Definitions of Monthly OREC Price

Monthly OREC Price. A price in dollars per OREC for each month of the Contract Delivery Term. If the Applicable OREC Price is the Fixed OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.02 of this Agreement. If the Applicable OREC Price is the Index OREC Price, the Monthly OREC Price shall be calculated pursuant to Section 4.03 of this Agreement. MWBE: Minority and/or Women‐Owned Businesses, such term is as defined under New York State Executive Law Article 15-A. North American Electric Reliability Corporation (NERC): The Electric Reliability Organization for North America certified by the Federal Energy Regulatory Commission to establish and enforce reliability standards for the bulk power system.
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Monthly OREC Price. A price in dollars per OREC for each month of the Contract Delivery Term. The Monthly OREC Price shall be calculated pursuant to Section 4.03 of this Agreement. MWBE: Minority- and/or Women‐Owned Businesses Enterprises as such terms are defined under New York State Executive Law Article 15-A.
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Related to Monthly OREC Price

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • 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.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, 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 OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Reset Price means the price of the relevant Underlying Reference determined by the Calculation Agent by reference to the price obtained by unwinding any underlying related hedging arrangements in respect of the relevant Security during the Unwinding Time Period immediately following the relevant Reset Event Determination Time ;