Common use of Determination of AGC Clearing Price Clause in Contracts

Determination of AGC Clearing Price. For each hour, the System Operator shall determine an AGC Clearing Price for the Day-Ahead Market and for the Real-Time Market. In the case of each Market, the AGC Clearing Price shall be the time-weighted average "AGC Capability Price," as defined below in this Section 14A.14. The AGC Capability Price for a generating unit furnishing AGC per the System Operator's schedule for the hour in the Day-Ahead Market or designated each interval during the hour in the Real-Time Market shall be equal to (A) the cost per unit of making the AGC capability of a generating unit available based on the AGC Supply Offer Price for the Entitlement for the hour, plus any Lost Opportunity Cost, divided by (B) the amount of AGC scheduled in the hour in the Day-Ahead Market or designated in the interval in the Real-Time Market from that Resource. The AGC Capability Price used to determine the AGC Clearing Price shall be the highest AGC Supply Offer for the generating units that, in the case of the Day-Ahead Market, were scheduled by the System Operator to provide AGC for the hour, or, in the case of the Real-Time Market, were designated each interval during the hour to provide AGC beyond their Supply Obligations for AGC in the Day-Ahead Market. 14A.15 FUNDS TO OR FROM WHICH PAYMENTS ARE TO BE MADE. ----------------------------------------------

Determination of AGC Clearing Price. For each hour, the System Operator shall determine an AGC Clearing Price for the Day-Ahead Market and for the Real-Time Market. In the case of each Market, the AGC Clearing Price shall be the time-weighted average "AGC Capability Price," as defined below in this Section 14A.14. The AGC Capability Price for a generating unit furnishing AGC per the System Operator's schedule for the hour in the Day-Ahead Market or designated each interval during the hour in the Real-Time Market shall be equal to (A) the cost per unit of making the AGC capability of a generating unit available based on the AGC Supply Offer Price for the Entitlement for the hour, plus any Lost Opportunity Cost, divided by (B) the amount of AGC scheduled in the hour in the Day-Ahead Market or designated in the interval in the Real-Time Market from that Resource. The AGC Capability Price used to determine the AGC Clearing Price shall be the highest AGC Supply Offer for the generating units that, in the case of the Day-Ahead Market, were scheduled by the System Operator to provide AGC for the hour, or, in the case of the Real-Time Market, were designated each interval during the hour to provide AGC beyond their Supply Obligations for AGC in the Day-Ahead Market. 14A.15 FUNDS TO OR FROM WHICH PAYMENTS ARE TO BE MADE. ----------------------------------------------.