Committed Offer definition

Committed Offer means 1) for pool-scheduled resources, an offer on which a resource was scheduled by the Office of the Interconnection for a particular clock hour for an Operating Day, and 2) for self-scheduled resources, either the offer on which the Market Seller has elected to schedule the resource or the applicable offer for the resource determined pursuant to Operating Agreement, Schedule 1, section 6.4, or Operating Agreement, Schedule 1, section 6.6 for a particular clock hour for an Operating Day.
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Committed Offer means 1) for pool-scheduled resources, an offer on which a resource was scheduled by the Office of the Interconnection for a particular clock hour for an Operating Day, and 2) for self-scheduled resources, either the offer on which the Market Seller has elected to schedule the resource or the applicable offer for the resource determined pursuant to Operating Agreement, Schedule 1, section 6.4, and the parallel provisions of Tariff, Attachment K- Appendix, section 6.4, or Operating Agreement, Schedule 1, section 6.6, and the parallel
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Committed Offer means 1) for pool-scheduled resources, an offer on which a resource was scheduled by the Office of the Interconnection for a particular clock hour for an Operating Day, and 2) for self-scheduled resources, either the offer on which the Market Seller has elected
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Examples of Committed Offer in a sentence

  • Because PJM does not propose to prevent a self-scheduled resource that offers a portion of its supply to the market on an economic basis from updating its offer between the day-ahead and real-time markets, the term Committed Offer should be amended to accommodate the fact that self-scheduled resources can change their offers.

  • The IMM states that PJM’s proposal to base the LOC Deviation value on a resource’s Final Offer will give a resource the ability to increase its LOC credits by simply reducing its offer in real-time.138 According to the IMM, the LOC Deviation should be based on a resource’s Committed Offer and not its Final Offer.88.

  • The IMM explains that it is not clear how PJM will determine the applicable megawatts for the Total Operating Reserve Offer if the desired output from a resource’s Final Offer differs from the desired output from its Committed Offer.

  • Relying on her own experience in the domain as teacher, she viewed that girls, regardless of their social class, were concerned to produce an exceptional future.

  • PJM states that this is because PJM uses the greater of the Final or Committed Offer to determine the Total Lost Opportunity Offer.

  • The Committed Offer of a self-scheduled resource that clears the real-time market at a point on its economic incremental energy offer curve that is above its self-scheduled quantity should be the market-based or cost- based offer upon which the resource cleared the real-time market.10.

  • The IMM argues that the Committed Offer for a self-scheduled resource outside the day-ahead market should be the market-based or cost-based offer at the time the resource comes online.13384.

  • While we reject PJM’s proposal, we clarify that the term Committed Offer should be clearly defined because there may be some instances when a self-scheduled resource’s day-ahead energy cleared output, based on an economic offer, is above that resource’s self-scheduled output.

  • PJM proposes that for pool-scheduled resources, the “Total Lost Opportunity Offer” will equal the hourly offer integrated under the applicable incremental energy offer curve for the LOC deviation.41 PJM explains that the applicable incremental energy offer curve will be determined by the greater of the Committed Offer or last real-time offer submitted, on which the resource was committed in the day-ahead market for each hour in an operating day.4222.

  • PJM argues that the term Committed Offer is clearly defined.135 PJM states that self-scheduled resources cannot have a Committed Offer and are not eligible to receive Operating Reserve payments.


More Definitions of Committed Offer

Committed Offer means 1) for pool-scheduled resources, an offer on which a resource was scheduled by the Office of the Interconnection for a particular clock hour for an Operating Day, and 2) for self-scheduled resources, either the offer on which the Market Seller has elected to schedule the resource or the applicable offer for the resource determined pursuant to Operating Agreement, Schedule 1, section 6.4, and the parallel provisions of Tariff, Attachment K- Appendix, section 6.4, or Operating Agreement, Schedule 1, section 6.6, and the parallel provisions of Tariff, Attachment K-Appendix, section 6.6, for a particular clock hour for an Operating Day.
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Related to Committed Offer

  • Permitted Offer means a tender offer pursuant to the terms of which the offeror offers to acquire a debt obligation (including a Collateral Loan) in exchange for consideration consisting of (x) Cash in an amount equal to or greater than the full face amount of the debt obligation being exchanged plus any accrued and unpaid interest or (y) other debt obligations that rank pari passu or senior to the debt obligation being exchanged which have a face amount equal to or greater than the full face amount of the debt obligation being exchanged and are eligible to be Collateral Loans plus any accrued and unpaid interest in Cash.

  • Credit-Limited Offer means a Sell Offer that is submitted by a Market Participant in an RPM Auction subject to a maximum credit requirement specified by such Market Participant.

  • Committed Note means a promissory note of a Borrower payable to the order of any Lender, in substantially the form of Exhibit A-1, evidencing the indebtedness of that Borrower to such Lender resulting from the Committed Advances made by such Lender to that Borrower.

  • Extension Offer has the meaning specified in Section 2.15(a).

  • Committed Loan Notice means a notice of (a) a Committed Borrowing, (b) a conversion of Committed Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Commitment Date has the meaning specified in Section 2.18(b).

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Increment Offer means a type of Virtual Transaction that is an offer to sell energy at a specified location in the Day-ahead Energy Market. A cleared Increment Offer results in scheduled generation at the specified location in the Day-ahead Energy Market.

  • Participation Notice has the meaning set forth in Section 4.2;

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Commitment Amount means, as to any Lender, the term loan commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.2(c) (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 17.3(c) or (d), the term loan commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 17.3(c) or (d).

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Commitment Period the period from and including the date hereof to but not including the Termination Date or such earlier date on which the Commitments shall terminate as provided herein.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

  • Qualified Offering in Section 1.1 of the Securities Purchase Agreements is deleted and replaced with the following: