Common use of Determination of Operating Reserve Clearing Price Clause in Contracts

Determination of Operating Reserve Clearing Price. (a) For each hour as necessary, the System Operator shall determine the Operating Reserve Clearing Price for each category of Operating Reserve as follows: (i) The System Operator shall determine the aggregate Kilowatts of the applicable category of Operating Reserve that are deemed pursuant to Section 14.3(b) to have been received by Participants for the hour. (ii) For 10-Minute Non-Spinning Reserve and 30-Minute Operating Reserve, the System Operator shall rank in the order of lowest to highest the Bid Prices of the resources designated by the System Operator for that category of Operating Reserve for the hour. The applicable Operating Reserve Clearing Price for 10-Minute Non-Spinning Reserve or 30-Minute Operating Reserve shall be the weighted average of the highest Bid Prices for the 0000 Xxxxxxxxx (or such other number as may be specified by the Regional Market Operations Committee) of that category of Operating Reserve that are designated by the System Operator for use in the hour. (iii) For 10-Minute Spinning Reserve the System Operator shall rank in order of lowest to highest the 10-Minute Spinning Reserve Lost Opportunity Prices (as defined in Section 14.9(b)) of the resources designated by the System Operator for the hour. The Operating Reserve Clearing Price for 10-Minute Spinning Reserve shall be the weighted average for the 0000 Xxxxxxxxx (or such other number as may be specified by the Regional Market Operations Committee) of the highest 10-Minute Spinning Reserve Lost Opportunity Prices for the hour of the Entitlements that were designated by the System Operator for use in the hour. (b) The System Operator shall determine a 10-Minute Spinning Reserve Lost Opportunity Price for each hour for use in determining the Operating Reserve Clearing Price for 10-Minute Spinning Reserve. For the purposes of Section 14.9, the 10-Minute Spinning Reserve Lost -190- Opportunity Price for a Participant's resource shall be the amount by which the Energy Clearing Price for the hour exceeds the resource's Dispatch price (not less than zero), plus the ---- Bid Price in the hour for each resource to provide 10-Minute Spinning Reserve.

Determination of Operating Reserve Clearing Price. (a) For each hour as necessary, the System Operator shall determine the Operating Reserve Clearing Price for each category of Operating Reserve as follows: (i) The System Operator shall determine the aggregate Kilowatts of the applicable category of Operating Reserve that are deemed pursuant to Section 14.3(b) to have been received by Participants for the hour. (ii) For 10-Minute Non-Spinning Reserve and 30-Minute Operating Reserve, the System Operator shall rank in the order of lowest to highest the Bid Prices of the resources designated by the System Operator for that category of Operating Reserve for the hour. The applicable Operating Reserve Clearing Price for 10-Minute Non-Spinning Reserve or 30-Minute Operating Reserve shall be the weighted average of the highest Bid Prices for the 0000 Xxxxxxxxx 1000 Kilowatts (or such other number as may be specified by xxxx xxxxx xxxxxx xx xxx xx xxxxxxxxx xx the Regional Market Operations CommitteeMarkets Committee prior to the activation of the Participants Committee or the Participants Committee thereafter) of that category of Operating Reserve that are designated by the System Operator for use in the hour. (iii) For 10-Minute Spinning Reserve the System Operator shall rank in order of lowest to highest the 10-Minute Spinning Reserve Lost Opportunity Prices (as defined in Section 14.9(b)) of the resources designated by the System Operator for the hour. The Operating Reserve Clearing Price for 10-Minute Spinning Reserve shall be the weighted average for the 0000 Xxxxxxxxx 1000 Kilowatts (or such other number as may be specified by xxxxxxxxx xx the Regional Market Operations CommitteeMarkets Committee prior to the activation of the Participants Committee or the Participants Committee thereafter) of the highest 10-Minute Spinning Reserve Lost Opportunity Prices for the hour of the Entitlements that were designated by the System Operator for use in the hour. (b) The System Operator shall determine a 10-Minute Spinning Reserve Lost Opportunity Price for each hour for use in determining the Operating Reserve Clearing Price for 10-Minute Spinning Reserve. For the purposes of Section 14.9, the 10-Minute Spinning Reserve Lost -190- Opportunity Price for a Participant's resource shall be the amount by which the Energy Clearing Price for the hour exceeds the resource's Dispatch price (not less than zero), plus the ---- Bid Price in the hour for ---- each resource to provide 10-Minute Spinning Reserve.

Determination of Operating Reserve Clearing Price. (a) For each hour as necessary, the System Operator shall determine the Operating Reserve Clearing Price for each category of Operating Reserve as follows: (i) The System Operator shall determine the aggregate Kilowatts of the applicable category of Operating Reserve that are deemed pursuant to Section 14.3(b) to have been received by Participants for the hour. (ii) For 10-Minute Non-Spinning Reserve and 30-Minute Operating Reserve, the System Operator shall rank in the order of lowest to highest the Bid Prices of the resources designated by the System Operator for that category of Operating Reserve for the hour. The applicable Operating Reserve Clearing Price for 10-Minute Non-Spinning Reserve or 30-Minute Operating Reserve shall be the weighted average of the highest Bid Prices for the 0000 Xxxxxxxxx 1000 Kilowatts (or such other number as may be specified by the Regional Market Operations CommitteeMarkets Committee prior to the activation of the Participants Committee or the Participants Committee thereafter) of that category of Operating Reserve that are designated by the System Operator for use in the hour. (iii) For 10-Minute Spinning Reserve the System Operator shall rank in order of lowest to highest the 10-Minute Spinning Reserve Lost Opportunity Prices (as defined in Section 14.9(b)) of the resources designated by the System Operator for the hour. The Operating Reserve Clearing Price for 10-10- Minute Spinning Reserve shall be the weighted average for the 0000 Xxxxxxxxx 1000 Kilowatts (or such other number as may be specified by the Regional Market Operations CommitteeMarkets Committee prior to the activation of the Participants Committee or the Participants Committee thereafter) of the highest 10-Minute Spinning Reserve Lost Opportunity Prices for the hour of the Entitlements that were designated by the System Operator for use in the hour. (b) The System Operator shall determine a 10-Minute Spinning Reserve Lost Opportunity Price for each hour for use in determining the Operating Reserve Clearing Price for 10-Minute Spinning Reserve. For the purposes of Section 14.9, the 10-Minute Spinning Reserve Lost -190- Opportunity Price for a Participant's resource shall be the amount by which the Energy Clearing Price for the hour exceeds the resource's Dispatch price (not less than zero), plus the ---- Bid Price in the hour for each resource to provide 10-Minute Spinning Reserve.

Determination of Operating Reserve Clearing Price. (a) For each hour as necessary, the System Operator shall determine the Operating Reserve Clearing Price for each category of Operating Reserve as follows: (i) The System Operator shall determine the aggregate Kilowatts of the applicable category of Operating Reserve that are deemed pursuant to Section 14.3(b) to have been received by Participants for the hour. (ii) For 10-Minute Non-Spinning Reserve and 30-Minute Operating Reserve, the System Operator shall rank in the order of lowest to highest the Bid Prices of the resources designated by the System Operator for that category of Operating Reserve for the hour. The applicable Operating Reserve Clearing Price for 10-10- Minute Non-Spinning Reserve or 30-Minute Operating Reserve shall be the weighted average of the highest Bid Prices for the 0000 Xxxxxxxxx (or such other number as may be specified by the Regional Market Operations CommitteeMarkets Committee prior to the activation of the Participants Committee or the Participants Committee thereafter) of that category of Operating Reserve that are designated by the System Operator for use in the hour. (iii) For 10-Minute Spinning Reserve the System Operator shall rank in order of lowest to highest the 10-Minute Spinning Reserve Lost Opportunity Prices (as defined in Section 14.9(b)) of the resources designated by the System Operator for the hour. The Operating Reserve Clearing Price for 10-10- Minute Spinning Reserve shall be the weighted average for the 0000 Xxxxxxxxx (or such other number as may be specified by the Regional Market Operations CommitteeMarkets Committee prior to the activation of the Participants Committee or the Participants Committee thereafter) of the highest 10-Minute Spinning Reserve Lost Opportunity Prices for the hour of the Entitlements that were designated by the System Operator for use in the hour. (b) The System Operator shall determine a 10-Minute Spinning Reserve Lost Opportunity Price for each hour for use in determining the Operating Reserve Clearing Price for 10-Minute Spinning Reserve. For the purposes of Section 14.9, the 10-Minute Spinning Reserve Lost -190- Opportunity Price for a Participant's resource shall be the amount by which the Energy Clearing Price for the hour exceeds the resource's Dispatch price (not less than zero), plus the ---- Bid Price in the hour for each resource to provide 10-Minute Spinning Reserve.

Determination of Operating Reserve Clearing Price. (a) For each hour as necessary, the System Operator shall determine the Operating Reserve Clearing Price for each category of Operating Reserve as follows: (i) The System Operator shall determine the aggregate Kilowatts of the applicable category of Operating Reserve that are deemed pursuant to Section 14.3(b) to have been received by Participants for the hour. (ii) For 10-Minute Non-Spinning Reserve and 30-Minute Operating Reserve, the System Operator shall rank in the order of lowest to highest the Bid Prices of the resources designated by the System Operator for that category of Operating Reserve for the hour. The applicable Operating Reserve Clearing Price for 10-10- Minute Non-Spinning Reserve or 30-Minute Operating Reserve shall be the weighted average of the highest Bid Prices for the 0000 1000 Xxxxxxxxx (or such other number as may be specified by the Regional Market Operations Committee) of that category of Operating Reserve that are designated by the System Operator for use in the hour. (iii) For 10-Minute Spinning Reserve the System Operator shall rank in order of the lowest to highest the 10-10- Minute Spinning Reserve Lost Opportunity Prices (as defined in Section 14.9(b)) of the resources designated by the System Operator for the hour. The Operating Reserve Clearing Price for 10-Minute Spinning Reserve shall be the weighted average for the 0000 Xxxxxxxxx 1,000 Kilowatts (or such other number as may be specified by the Regional Market Operations Committee) of the highest 10-Minute Spinning Reserve Lost Opportunity Prices for the hour of the Entitlements that were designated by the System Operator for use in the hour. (b) The System Operator shall determine a 10-Minute Spinning Reserve Lost Opportunity Price for each hour for use in determining the Operating Reserve Clearing Price for 10-10- Minute Spinning Reserve. For the purposes of Section 14.9, the 10-Minute Spinning Reserve Lost -190- Opportunity Price for a Participant's resource shall be the amount by which the Energy Clearing Price for the hour exceeds the resource's Dispatch price Price (not less than zero), plus PLUS the ---- Bid Price in the hour for each resource to provide 10-Minute Spinning Reserve.