Capacity Performance Resource definition

Capacity Performance Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(a).
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Capacity Performance Resource shall have the same meaning as in Tariff, Attachment DD.
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Capacity Performance Resource has the meaning contained in the PJM Open Access Transmission Tariff.
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Examples of Capacity Performance Resource in a sentence

  • If the Sell Offer price of a cleared Seasonal Capacity Performance Resource exceeds the applicable Capacity Resource Clearing Price, the Capacity Market Seller shall receive a Resource Make-Whole Payment equal to the difference between the Sell Offer price and Capacity Resource Clearing Price in such RPM Auction.

  • The Locational Price Adder applicable to each cleared Seasonal Capacity Performance Resource is determined during the post-processing of the RPM Auction results consistent with the manner in which the auction clearing algorithm recognizes the contribution of Seasonal Capacity Performance Resource Sell Offers in satisfying an LDA’s reliability requirement.

  • To the extent such resource clears an RPM Auction or is otherwise committed as a Summer-Period Capacity Performance Resource, it is obligated to deliver energy as scheduled and/or dispatched by the Office of Interconnection during Performance Assessment Intervals occurring in the calendar months of June through October and the following May of the Delivery Year, and must satisfy the requirements of a Capacity Performance Resource for such period of time.

  • For the 2020/2021 Delivery Year and subsequent Delivery Years, a Seasonal Capacity Performance Resource shall mean a Summer-Period Capacity Performance Resource or Winter- Period Capacity Performance Resource, as defined below.

  • Subject to 5.5A(a)(i), the following types of Capacity Resources are eligible to submit a Sell Offer as a Capacity Performance Resource: internal or external Generation Capacity Resources; Annual Demand Resources; Capacity Storage Resources; Annual Energy Efficiency Resources; and Qualifying Transmission Upgrades.

  • This led, for example, to the introduction of supplements to the SMAs to protect BGS suppliers from uncertainty in capacity costs as a result of the introduction of the Capacity Performance Resource construct in PJM for the 2015 Auctions and again in 2020 as PJM delayed the base residual auction for the 2022/2023 delivery year until changes to its capacity market were finalized at the Federal Energy Regulatory Commission (“FERC”).

  • In 2015, the Commission approved PJM’s proposal to establish a new Capacity Performance Resource product “to ensure that PJM’s capacity market provides adequate incentives for resource performance .

  • The Non-Performance Charges for each Seasonal Capacity Performance Resource for a Delivery Year shall not exceed a Non-Performance Charge Limit equal to 1.5 times the Base Residual Auction clearing price for the applicable LDA and Delivery Year times the megawatts of Unforced Capacity committed by such resource times the number of days in the season applicable to such resource.

  • The default MOPR-Ex Floor Offer Price for a Capacity Performance resource shall be the product of the Net Cost of New Entry (applicable for the Delivery Year and Locational Deliverability Area for which such Capacity Performance Resource is offered) times the average of the Balancing Ratios during the Performance Assessment Hours in the three consecutive calendar years that precede the Base Residual Auction for such Delivery Year.

  • PJM states that the timing challenges it will face in the event it is required, under EPSA, to unwind and replace a demand response resource or energy efficiency resource that is otherwise qualified as a Capacity Performance Resource, have only grown more complex since it submitted its Capacity Performance proposal.


More Definitions of Capacity Performance Resource

Capacity Performance Resource shall have the meaning set forth in the Attaining XX XXXX.
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Capacity Performance Resource shall have the meaning set forth in the Attaining XX XXXX.
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Related to Capacity Performance Resource

  • Capacity Storage Resource means any Energy Storage Resource that participates in the Reliability Pricing Model or is otherwise treated as capacity in PJM’s markets such as through a Fixed Resource Requirement Capacity Plan.

  • Generation Capacity Resource shall have the meaning specified in the Reliability Assurance Agreement.

  • Capacity Resource shall have the meaning provided in the Reliability Assurance Agreement.

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Base Capacity Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(b).

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Worst Performance (final means the Performance of the Basket Componentj (final) specified as follows:Performance of the Basket Componentj (final) = mini= 1, ..., N [Ki (final) / Ki (initial)]

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.