Consequences of Deficiencies in Operable Capability Requirements Sample Clauses

Consequences of Deficiencies in Operable Capability Requirements. (a) For each hour, the System Operator shall determine whether each Participant has satisfied its Operable Capability Requirement obligation for that hour. If the minimum Operable System Capability of a Participant during any hour was less than its Operable Capability Requirement, the number of Kilowatts of its deficiency shall be computed and the Participant shall be deemed to purchase from other Participants through NEPOOL Kilowatts of surplus Operable System Capability equal to the amount of its deficiency and shall pay for the hour any applicable uplift charge assessed under Section 14.15 and any applicable fees for services assessed pursuant to Section 19.2 PLUS the product of its Kilowatt deficiency for the hour and the Operable Capability Clearing Price for the hour determined in accordance with Section 12.6(b). The minimum Operable System Capability of a Participant for an hour is equal to the Participant's lowest Operable System Capability at any time during the hour. (b) For each hour, the System Operator shall determine the Operable Capability Clearing Price as follows: (i) The System Operator shall determine the aggregate Kilowatt shortage of Operable System Capability for the hour for all Participants that did not satisfy their Operable Capability Requirements in that hour. (ii) The System Operator shall rank in the order of lowest to highest Bid Price all Bid Prices received from Participants having excess Operable System Capability for the hour. (iii) For each Participant, its Operable System Capability with the lowest Bid Prices shall be deemed to have been furnished first, to the extent required, to meet its Operable Capability Requirement. Any remainder starting with the lowest Bid Prices shall be deemed to have been furnished, to the extent required, to other Participants under this Agreement to meet their shortages of Operable System Capability for that hour. (iv) The Operable Capability Clearing Price for the hour shall be equal to the highest Bid Price for Operable System Capability that is deemed in accordance with Section 12.6(b)(iii) to have been furnished to another Participant in the hour.
Sample 1
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Consequences of Deficiencies in Operable Capability Requirements. For each hour, the System Operator shall determine whether each Participant has satisfied its Operable Capability Requirement obligation for that hour. If the minimum Operable System Capability of a Participant during any hour was less than its Operable Capability Requirement, the number of Kilowatts of its deficiency shall be computed and the Participant shall be deemed to purchase from other Participants through NEPOOL Kilowatts of surplus Operable System Capability equal to the amount of its deficiency and shall pay for the hour any applicable uplift charge assessed under Section 14.15 and any applicable fees for services assessed pursuant to Section 19.2 plus the product of its ---- Kilowatt deficiency for the hour and the Operable Capability Clearing Price for the hour determined in accordance with Section 12.6(b). The minimum Operable System Capability of a Participant for an hour is equal to the Participant's lowest Operable System Capability at any time during the hour.
Sample 1

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