Real-Time Price definition

Real-Time Price means the Resource-Specific Settlement Interval LMP as defined in the CAISO Tariff. If there is more than one applicable Real-Time Price for the same period of time, Real-Time Price shall mean the price associated with the smallest time interval.

Real-Time Price means the Real-Time Market price for Uninstructed Imbalance Energy (as defined in the CAISO Tariff) or any successor price for short-term imbalance energy, as such price or successor price is defined in the CAISO Tariff, that would apply to the Generating Facility, which values are, as of the Effective Date, posted by the CAISO on its website. The values used in this Agreement will be those appearing on the CAISO website on the eighth Business Day of the calendar month following the month for which such prices are being applied.

Real-Time Price means either the hourly price for energy in the Connecticut Load Zone (identified by ISO as Location ID 4004), or if ISO implements two energy zones during the Term of Agreement the hourly prices for energy in the Southwest Connecticut (“SWCT”) Load Zone and the Rest of Connecticut (“ROCT”) Load Zone, as published by ISO under Real-Time LMP on its website, as such price may be corrected or revised from time to time by ISO in accordance with its rules. If ISO ceases to identify these load zones, then the location shall be the zones or groups of Nodes that provides equivalent pricing.

Examples of Real-Time Price in a sentence

• To the extent Seller delivers Surplus Delivered Energy to the Delivery Point in a Settlement Interval in which the Real-Time Price for the applicable PNode is negative, Seller shall pay Buyer an amount equal to the Surplus Delivered Energy (in MWh) during such Settlement Interval, multiplied by the absolute value of the Real-Time Price per MWh for such Settlement Interval.

• The Forecasting Penalty shall be equal to the greater of (A) one hundred fifty percent (150%) of the Contract Price or (B) the absolute value of the Real-Time Price, in each case for each MWh of Energy Deviation outside the Performance Tolerance Band, or any portion thereof, in every hour for which Seller fails to meet the requirements in Section 4.6(c)(i).

• Real-Time Price Response Program is the program described in Appendix E to Market Rule 1.

• The Forecasting Penalty shall be equal to the greater of (A) one hundred fifty percent (150%) of the Contract Price or (B) the absolute value of the Real-Time Price, in each case for each MWh of Energy Deviation outside the Performance Tolerance Band, or any portion thereof, in every hour for which Seller fails to meet the requirements in Section 4.5(c)(i).

• RTORDPA y $/MWh Real-Time On-Line Reliability Deployment Price Adder The Real-Time Price Adder that captures the impact of reliability deployments on energy prices for the SCED interval y.

• The CAISO will settle Uninstructed Imbalance Energy for non-participating Load in an EIM Entity Balancing Authority Area at the applicable Default LAP Hourly Real-Time Price in accordance with Section 11.5.2.2 with the applicable EIM Entity Scheduling Coordinator and will treat EIM Balancing Authority Demand in the same manner as the CAISO treats CAISO Demand under that Section.

• The energy offer or offers and energy bid or bids that can jointly serve an increment of load and an increment of Operating Reserve requirement at a Location at the lowest cost, calculated in this manner, shall determine the Real-Time Price at that Node or External Node.

• C = Day-Ahead Price for the Settlement Interval being calculated in $/kWh. D = Real-Time Price for the Settlement Interval being calculated in $/kWh. No under-scheduling adjustment shall be assessed against Seller for a Settlement Interval in which the Scheduled Amount plus the SC Trade Tolerance Band is less than the Metered Energy if, during such Settlement Interval, the Real-Time Price is equal to or less than the Day-Ahead Price payable during the Settlement Interval.

• C = Day-Ahead Price for the Settlement Interval being calculated in $/kWh. D = Real-Time Price for the Settlement Interval being calculated in $/kWh. No over-scheduling adjustment shall be assessed against Seller for a Settlement Interval in which the Scheduled Amount is greater than the SC Trade Tolerance Band plus the Metered Energy if, during such Settlement Interval, the Real-Time Price is greater than or equal to the Day-Ahead Price payable during the Settlement Interval.

• In addition, the calculation of the settlement of the Real-Time Congestion Offset will incorporate the respective pieces of the congestion component of the LMP for PNode in each EIM BAA as noted in the formulas contained in the Configuration Guide for the Real-Time Price Pre-Calc.

More Definitions of Real-Time Price

Real-Time Price means the LMP specific to a given Unit at a given Settlement Interval within the Real-Time Market.

Real-Time Price means the CAISO Real-Time Market Locational Marginal Price for electric energy in each applicable Settlement Interval (including the energy, congestion and losses components) at the Generating Facility’s PNode (as published by the CAISO) which is the pricing point used by the CAISO for settlements of this Generating Facility.

Real-Time Price means a price for electricity at a grid exit point or a grid injection point, the price for instantaneous reserve in dollars and cents for the real time pricing period determined in accordance with rule 6 of section III of part G.

Real-Time Price means the hourly price for energy in the WCMASS Load Zone (as Location ID 4007 in the ISO reporting system as of the Effective Date), as published by ISO under Real-Time LMP on its website, as such price may be corrected or revised from time to time by ISO in accordance with its rules. If ISO ceases to identify the WCMASS Load Zone, then the location shall be the zone or group of Nodes that provides equivalent pricing.

Real-Time Price means the resource-specific Settlement Interval LMP as defined in the CAISO Tariff. If there is more than one applicable Real-Time Price for the same period of time, Real-Time Price shall mean the price associated with the smallest time interval.

Real-Time Price means the LMP specific to the Project at a given Settlement Interval within the applicable Real-Time Market and available from CAISO (through its OASIS or successor system).