Examples of Flowgate in a sentence
The Party that is responsible for monitoring a M2M Flowgate will initiate and terminate the redispatch component of the M2M coordination process.
The first step to determining the Market Flow on a M2M Flowgate is to calculate generator, load and PAR shift factors for the each of the M2M Flowgates.
The Party that is responsible for monitoring a M2M Flowgate is expected to bind that Flowgate when it becomes congested, and to initiate market-to-market redispatch to utilize the more cost effective generation between the two markets to manage the congestion in accordance with Section 7.1.2 of the attached Market-to-Market Coordination Schedule.
During normal operating conditions, the M2M redispatch process will be initiated by the Monitoring RTO whenever an M2M Flowgate that is eligible for redispatch is constrained and therefore binding in its dispatch.
In principle and as much as practicable, the M2M coordination process will take place on the most limiting Flowgate, and to that Flowgate’s actual limit (thermal, reactive, stability).
Generally, controlling to the most limiting Flowgate provides the preferable operational and financial outcome.
NY-NJ PAR coordination can occur at any Flowgate and need not be formally invoked by either Party.
If the data exchanged for the M2M redispatch process was relied on by the Non-Monitoring RTO’s dispatch to determine the shadow cost the Non-Monitoring RTO was dispatching to when providing relief at an M2M Flowgate, the data transmitted by the Monitoring RTO that was used to determine the Non-Monitoring RTO’s shadow cost shall not be modified except by mutual agreement prior to calculating M2M settlements.
The transmission modeling assumptions used in the M2M Flowgate studies will be based on the same assumptions used for determining M2M Entitlements in Section 6 of this Schedule D.
To identify Flowgates the Parties will perform an off-line study to determine if there is a significant GLDF for at least one generator within the Non-Monitoring RTO, or significant PSF for at least one NY-NJ PAR, on a potential Flowgate within the Monitoring RTO that is greater than or equal to the thresholds as described below.