Conditional Incremental Auction definition

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.
Sample 1Sample 2Sample 3
Conditional Incremental Auction means an Incremental Auction conducted for a Delivery
Sample 1

Examples of Conditional Incremental Auction in a sentence

  • For each Conditional Incremental Auction, the optimization algorithm shall consider: • The quantity and location of capacity required to address the identified reliability concern that gave rise to the Conditional Incremental Auction; • All applicable Capacity Import Limits; • the same Capacity Emergency Transfer Limits that were modeled in the Base Residual Auction, or any updated value resulting from a Conditional Incremental Auction; and • the Sell Offers submitted in such auction.

  • Incremental Auction shall mean the First Incremental Auction, the Second Incremental Auction, the Third Incremental Auction, or the Conditional Incremental Auction, each as defined in Attachment DD to the PJM Tariff.

  • If PJM determines to conduct a Conditional Incremental Auction, PJM shall post on its website the date and parameters for such auction (including whether such auction is for the PJM Region or for an LDA, and the type of Capacity Resources required) at least one month prior to the start of such auction.

  • PJM shall conduct for any Delivery Year a Conditional Incremental Auction if the in service date of a Backbone Transmission Upgrade that was modeled in the Base Residual Auction is announced as delayed by the Office of the Interconnection beyond July 1 of the Delivery Year for which it was modeled and if such delay causes a reliability criteria violation.

  • If conducted, the Conditional Incremental Auction shall be for the purpose of securing commitments of additional capacity for the PJM Region or for any LDA to address the identified reliability criteria violation.

  • For each Conditional Incremental Auction, the optimization algorithm shall consider: • The quantity and location of capacity required to address the identified reliability concern that gave rise to the Conditional Incremental Auction; • the same Capacity Emergency Transfer Limits that were modeled in the Base Residual Auction, or any updated value resulting from a Conditional Incremental Auction; and • the Sell Offers submitted in such auction.

  • A Conditional Incremental Auction may be conducted if a Backbone Transmission upgrade is delayed and results in the need for PJM to procure additional capacity in a Locational Deliverability Area to address a reliability criteria violation.

  • Incremental Auction shall mean the First Incremental Auction, the Second Incremental Auction, the Third Incremental Auction, or the Conditional Incremental Auction, each as defined in Attachment DD to have the same meaning as in the PJM Tariff.

Related to Conditional Incremental Auction

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.