Examples of Negative LMP in a sentence
If during any Settlement Interval, Delivered Energy exceeds the Payment Limit for that Settlement Interval (“Surplus Delivered Energy”), then the Contract Price for any Surplus Delivered Energy in excess of the Payment Limit shall be adjusted to be zero dollars ($0) per kWh for that Settlement Interval, and if there ia Negative LMP during such Settlement Interval, Seller shall pay to Buyer an amount equal to the absolute value of the Negative LMP times such Surplus Delivered Energy (“Negative LMP Costs”).
Seller shall be permitted, but not obligated, in its sole discretion to reduce deliveries of Product during any period in which there is a Negative LMP.
The monthly payment will equal the sum of the monthly TOD Period payments for all TOD Periods in the month,minus (b) the Negative LMP Costs ] [Only for Facilities with a Nameplate Capacity greater than three megawatts] (“Monthly TOD Payment”).
Time aggregationYou can specify a different time aggregation using the Daily/Monthly list at the top right of the chart.
The monthly payment will equal the sum of the monthly TOD Period payments for all TOD Periods in the month minus the Negative LMP Costs.