Capacity Transfer Right definition

Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area.
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Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area. Capacity Transmission Injection Rights:
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Capacity Transfer Right shall have the meaning specified in Tariff, Attachment DD.
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Examples of Capacity Transfer Right in a sentence

  • This is calculated by subtracting the Final Zonal Capacity Transfer Right Credit Rate from the Resource Clearing Price in each LDA.

  • Capacity Transfer Right shall have the meaning specified in Attachment DD to the PJM Tariff.

  • The Annual Revenue Rate for an ILR resource shall be the Adjusted Zonal Capacity Price for the Zone in which such ILR was certified, but not to exceed the Locational Reliability Charges assessed on loads in such LDA, net of any Capacity Transfer Right credits allocated to such loads.

  • The Annual Revenue Rate for an ILR resource shall be the Adjusted Zonal Capacity Price for the Zone in which such ILR was certified, but no to exceed the Locational Reliability Charges assessed on loads in such LDA, net of any Capacity Transfer Right credits allocated to such loads.

  • Capacity Transfer Right (CTR) is a financial right that entitles the holder to the difference in the Net Regional Clearing Prices between Capacity Zones for which the transfer right is defined, in the MW amount of the holder’s entitlement.

  • PJM, Intra-PJM Tariffs, OATT, Definitions - I - J - K (9.0.0) (Incremental Capacity Transfer Right).

  • For any Base Residual or Incremental Auction that results in a positive Locational Price Adder for such LDA, the holder of an Incremental Capacity Transfer Right shall receive a payment equal to such Locational Price Adder multiplied by the megawatt quantity of the Incremental Capacity Transfer Right allocated to such Interconnection Customer.

  • Conversely, Massachusetts Municipal Wholesale Electric Company and Reading Municipal Light Department (MMWEC and Reading) urge the Commission to ensure that the ‘‘special’’ Capacity Transfer Right allocation be maintained as essential to any determination that the LICAP proposal is just and reasonable.

  • When an ICTR has a positive value and requires payment to the holder, that payment must be offset by a reduction in the Capacity Transfer Right (“CTR”) credits granted to the LSEs in the affected LDA.

  • The holder of a Capacity Transfer Right between two regions would receive congestion revenue— i.e., the difference in ICAP prices—between the two regions, just as the holder of an FTR receives congestion revenue from the spot energy market.


More Definitions of Capacity Transfer Right

Capacity Transfer Right shall have the meaning specified in Tariff, Attachment DD. Compliance Aggregation Area (CAA):
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Related to Capacity Transfer Right

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Drag-Along Right has the meaning set forth in Section 8.6(a).

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Proposed Transfer Notice means written notice from a Key Holder setting forth the terms and conditions of a Proposed Key Holder Transfer.

  • Capacity Transmission Injection Rights means the rights to schedule energy and capacity deliveries at a Point of Interconnection of a Merchant Transmission Facility with the Transmission System. Capacity Transmission Injection Rights may be awarded only to a Merchant D.C. Transmission Facility and/or Controllable A.C. Merchant Transmission Facilities that connects the Transmission System to another control area. Deliveries scheduled using Capacity Transmission Injection Rights have rights similar to those under Firm Point-to-Point Transmission Service or, if coupled with a generating unit external to the PJM Region that satisfies all applicable criteria specified in the PJM Manuals, similar to Capacity Interconnection Rights.

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.