Allocation of MWh Price. The Bundled Price per MWh for each billing period shall be allocated between Energy and RECs as follows: RECs = The Massachusetts Class 1 Compliance RECs futures settlement price as published by the Chicago Climate Futures Exchange for the applicable billing period (the “CCFE Index Price”). In the event that the CCFE Index Price is no longer published, the Parties shall in good faith undertake commercially reasonable efforts to agree on a substitute index that reflects the market value of RECs for RPS Class I Renewable Generation Units. Should such a substitute index not be available or if the Parties are unable to agree upon such a substitute index, the RECs will be valued at the “Alternative Compliance Payment Rate” for the RPS published by the DOER for the applicable billing period. Energy = The $/MWh price of Energy for the applicable month shall be equal to the Bundled Price per MWh less the RECs allocation determined under this Section 2 for the applicable billing period and the $/MWh equivalent of the adjustment for Forward Capacity Market payments as set forth in Section 3 for that billing period.
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