Monthly REC Price definition

Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term. [If the Bid Facility has been selected by NYSERDA on the basis of a Fixed REC Price bid, the Monthly REC Price shall be the as-bid Fixed REC Price stated in Schedule 1 of this Agreement, as may be adjusted pursuant to Section 4.02(b) [and Section 5.02(e) of this Agreement]. If the Bid Facility has been selected by NYSERDA on the basis of an Index REC Price bid, the Monthly REC Price shall be as calculated pursuant to Section 4.01 of this Agreement. MW: A megawatt of alternating current electric energy generating capacity. MWBE: Minority and/or Women‐Owned Businesses Enterprises, as such term is as defined under New York State Executive Law Article 15-A. MWh: A megawatt-hour of electric energy.
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Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term. [If the Bid Facility has been selected by NYSERDA on the basis of a Fixed REC Price bid, the Monthly REC Price shall be the as-bid Fixed REC Price stated in Schedule 1 of this Agreement, as may be adjusted pursuant to Section 4.02(b) [and Section 5.02(e) of this Agreement]. If the Bid Facility has been selected by NYSERDA on the basis of an Index REC Price bid, the Monthly REC Price shall be as calculated pursuant to Section 4.01 of this Agreement.
Sample 1
Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term as calculated pursuant to Section 4.01 of this Agreement. MW: a megawatt of alternating current electric energy generating capacity. MWh: a megawatt-hour of electric energy.
Sample 1

Examples of Monthly REC Price in a sentence

  • In the event that the calculation of the Monthly REC Price results in an amount that exceeds the Index REC Strike Price for a given month, then the Monthly REC Price shall equal the Index REC Strike Price for that month.

  • NYSERDA may (and, at the request of Seller, shall) review past invoices, including, but not limited to, the calculation of the Monthly REC Price to determine if a true-up adjustment is necessary.

  • The Fixed REC 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 REC Carbon Price each month and apply it to the Monthly REC Price.


More Definitions of Monthly REC Price

Monthly REC Price. A price in dollars per Tier-1 REC for each month of the Contract Delivery Term. [If the Bid Facility has been selected by NYSERDA on the basis of a Fixed REC Price bid, the Monthly REC Price shall be the as-bid Fixed REC Price stated in Schedule 1 of this Agreement, as may be adjusted pursuant to Section 4.02(b) [and Section 5.02(e) of this Agreement]. If the Bid Facility has been selected by NYSERDA on the basis of an Index REC Price bid, the Monthly REC Price shall be as calculated pursuant to Section 4.01 of this Agreement. [Mutual Termination Agreement: The Termination Agreement by and between Seller and NYSERDA, dated as of the Termination Agreement Date as stated in Schedule 2 of this Agreement, terminating a previous RES Agreement.] MW: A megawatt of alternating current electric energy generating capacity. MWBE: Minority and/or Women‐Owned Businesses Enterprises, as such term is as defined under New York State Executive Law Article 15-A. MWBE and SDVOB Dollars/MW Shortfall: The amount, if any, by which the Verified MWBE and SDVOB Dollars is less than the product of the Expected MWBE and SDVOB Dollars/MW and the Installed Capacity. MWh: A megawatt-hour of electric energy. New York Control Area (NYCA): The control area 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 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 Tier-1 RECs. NYGATS will create exactly one Tier-1 REC per MWh of RES eligible generation.
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Related to Monthly REC Price

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Lowest price means the least possible amount that meets all requirements of the request of a purchasing agent.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • 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.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Change of Control Price means the price per share of Common Stock offered to a holder thereof in conjunction with any transaction resulting in a Change of Control on a fully-diluted basis (as determined by the Leadership Development and Compensation Committee as constituted before the Change of Control, if any part of the offered price is payable other than in cash), or, in the case of a Change of Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of a share of Common Stock on any of the 30 trading days immediately preceding the date on which such Change of Control occurs.

  • 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.

  • 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.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);