Examples of Cleared UCAP in a sentence
With respect to the NYISO’s Total Cleared UCAP approach, the New York City Suppliers state the Indicated LSEs mischaracterize the Commission’s decision in its May in-City ICAP Order which actually prohibited uneconomic SCR capacity from entering the market.
Cleared UCAP is offered into the ICAP Spot Market Auctions as a price-taker.
Beginning 2020/2021 Cleared UCAP (MW) includes Annual and matched Seasonal Capacity Performance sell offersThe Reserve Margin presented in Table 1 represents the percentage of installed capacity cleared in RPM and committed by FRR entities in excess of the RTO load (including load served under the Fixed Resource Requirement alternative).
They argued that the Cleared UCAP formula was sufficient to deter uneconomic entry because once a new Installed Capacity Supplier satisfies the Cleared UCAP formula, it has demonstrated that it was truly economic.
With respect to the Indicated NYTOs appeal, the Board emphasized that the minimum mitigation period preserved the deterrent value of the Offer Floor and functioned as a check against the possibility that the Cleared UCAP formula might allow an Offer Floor to be removed prematurely.
Four Motions in Support and/or Opposition to the appeals were also submitted.34IPPNY objected to the proposed Cleared UCAP formula, and in particular the fifty percent rule discussed above, as well as the thirty Capability Period maximum Offer Floor duration.