Reliability pricing model definition

Reliability pricing model or "RPM" means PJM's capacity-
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Reliability pricing model or "RPM" means PJM's capacity-market model, and its successors, that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through the output of electric generation facilities owned by those entities, or otherwise secured by those entities through bilateral contracts.
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Reliability pricing model or “RPM” means PJM’s capacity-market model that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through the output of electric generation facilities owned by those entities or otherwise secured by those entities through bilateral contracts.
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Examples of Reliability pricing model in a sentence

  • The Office of the Interconnection may lengthen a proposal window that already is opened based on or more of the following criteria: (i) changes in assumptions or conditions relating to the underlying need for the project, such as load growth or Reliability Pricing Model auction results; (ii) availability of new or changed information regarding the nature of the violations and the facilities involved; and (iii) time remaining in the relevant proposal window.

  • The Borough is able to reduce capacity payments under the PJM Reliability Pricing Model (RPM), by utilizing installed behind the meter generation or curtailable load as part of the PJM Interruptible Load for Reliability (ILR) program.

  • A Market Seller seeking to submit a Sell Offer in any Reliability Pricing Model Auction based on any Capacity Resource for which there is a materially increased risk of non-performance must satisfy the credit requirement specified in section IV.B before submitting such Sell Offer.

  • Under this new capacity pricing system, the PUC Ohio established a cost-based capacity price of $188.88 per MW-Day for the AEP Ohio service territory (the “Cost-Based Price”), but requires that AEP Ohio charge all competitive electricity suppliers, such as us under this Agreement, the applicable adjusted Reliability Pricing Model price released by the ISO (the “Retail Capacity Price”).

  • For any resource specified in Section IV.A, the credit requirement shall be the RPM Auction Credit Rate, as provided in Section IV.D, times the megawatts to be offered for sale from such resource in a Reliability Pricing Model Auction.

  • Settlement during any Delivery Year of cleared positions resulting or expected to result from any Reliability Pricing Model Auction shall be included as appropriate in Peak Market Activity, and the provisions of this Attachment Q shall apply to any such activity and obligations arising therefrom.

  • Enrollment in the Program is contingent upon a successful registration with Program Administrator and Provider’s ability to secure sufficient Reliability Pricing Model Commitments for the applicable Program Period as well as offsetting seasonal enrollments to achieve capacity performance aggregations.

  • The election of whether each Operating Company’s load and generation resources will participate in the Capacity Market of PJM through the Reliability Pricing Model auctions or through the Fixed Resource Requirement alternative, either collectively or individually, for any planning year is not governed by this Agreement.

  • Specifically, the revisions added PJMSettlement as the counterparty to market participants and customers regarding transmission services, ancillary services transactions, purchases and sales in PJM’s energy markets, purchases and sales of capacity in the Reliability Pricing Model (“RPM”) auctions, purchases and sales of Financial Transmission Rights (“FTRs”) in auctions, and the contractual rights and obligations of holders of FTRs and Auction Revenue Rights (“ARRs”).

  • When an Operating Company participates individually in the Reliability Pricing Model or the Fixed Resource Requirement alternative, Off-System Transactions of capacity related to a PJM Capacity Auction will be directly assigned to the specific Operating Company based on the results of such auctions.


More Definitions of Reliability pricing model

Reliability pricing model or “RPM” means PJM’s capacity-
Sample 1Sample 2Sample 3
Reliability pricing model or “RPM” means PJM’s capacity-market model that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through
Sample 1Sample 2Sample 3
Reliability pricing model. “RPM” means the mechanism established in the PJM Tariff for pricing capacity.
Sample 1Sample 2Sample 3
Reliability pricing model means PJM’s capacity market model that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through the output of electric generation facilities owned by those entities or otherwise secured by those entities through bilateral contracts.
Sample 1Sample 2Sample 3
Reliability pricing model or “RPM” shall have the meaning set forth in the PJM Agreements, or any successor Capacity market as may be employed in PJM (whether set forth in the PJM Agreements or elsewhere).
Sample 1Sample 2
Reliability pricing model. RPM" means the mechanism established in the PJM Tariff for pricing capacity.
Sample 1

Related to Reliability pricing model

  • Catalog Pricing shall be defined as: "The then available list of goods or services, in the most current listing regardless of date, that takes the form of a catalog, price list, price schedule, shelf-price or other viewable format that:

  • Global Operating Model means the global network that conducts State Street’s business in multiple locations across North America, Europe and Asia with significant operational hubs in China, India and Poland, using automated processes and established globally consistent procedures, controls and training.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • GDP price deflator means the average of the four implicit price

  • Established catalogue price means the price included in a catalogue, price list, schedule, or other form that:

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Closing Market Price means the price at which the company’s security was last sold, on the applicable date,

  • Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

  • Established catalog price means the price included in a catalog, price list, schedule, or other form that: