Net Benefits Test definition

Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4. Net Cost of New Entry:

Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from

Examples of Net Benefits Test in a sentence

• The Net Benefits Test shall establish the threshold price below which the dispatch of Energy from Demand Side Resources is not cost-effective.

• Demand Reduction Bids from Demand Reduction Providers that are not accepted in the Day-Ahead Market shall expire at the close of the Day-Ahead Market.The ISO shall perform the Net Benefits Test and post on its web site the Monthly Net Benefit Offer Floor for each month by the 15th of the preceding month in accordance with ISO Procedures.

• Status: Not adopted.)• The MMU recommends that the Net Benefits Test be eliminated and that demand response resources be paid LMP less any generation componentof the applicable retail rate.

• The ISO shall perform the Net Benefits Test and post on its web site the Monthly Net Benefit Offer Floor for each month by the 15th of the preceding month in accordance with ISO Procedures.

• The Office of the Interconnection shall update and post the Net Benefits Test results and analysis for a calendar month no later than the 15th day of the preceding calendar month.

• Where:RTL is the total real time load in all zones where LMP ≥ Net Benefits Test price;RTLiz is the real-time load for LSE i in zone z;X is the total export quantity from PJM in that hour; andXj is the export quantity by party j from PJM.

• If less than 30 days of data is available for a resource or group of resources, such resource[s] shall not be considered in the Net Benefits Test calculation.

• Status: Not adopted.)• The MMU recommends that the Net Benefits Test be eliminated and that demand response resourcesbe paid LMP less any generation component of the applicable retail rate.

• An Economic Load Response Participant that submits a demand reduction bid day ahead that is accepted by the Office of the Interconnection and for which the applicable day ahead LMP is greater than or equal to the Net Benefits Test shall be compensated by PJMSettlement at the day- ahead Locational Marginal Price.

• With the sole exception of the requirement for hourly metering as set forth in Section 1.5A.4 of this Schedule, non-hourly metered customers that qualify as Economic Load Response Participants pursuant to this section 1.5A.7 shall be subject to the rules and procedures for participation by Economic Load Response Participants in the PJM Interchange Energy Market, including, without limitation, the Net Benefits Test and the requirement for dispatch by the Office of the Interconnection.

More Definitions of Net Benefits Test

Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement,