Examples of Cost of New Entry in a sentence
The MOPR Floor Offer Price shall be 100% of the Net Asset Class Cost of New Entry for the relevant generator type and location, as determined hereunder.
The gross Cost of New Entry component of the Net Asset Class Cost of New Entry shall be, for purposes of the 2018/2019 Delivery Year and subsequent Delivery Years, the values indicated in the table below for each CONE Area for a combustion turbine generator (“CT”), a combined cycle generator (“CC”), and an integrated gasification combined cycle generator (“IGCC”), respectively, and shall be adjusted for subsequent Delivery Years in accordance with subsection (h)(3)(i) below.
Prior to the posting of the results of a Base Residual Auction for a Delivery Year, the Auction Credit Rate shall be (the greater of (i) 0.3 times the Net Cost of New Entry for the PJM Region for such Delivery Year, in MW-day or (ii) $20 per MW-day) times the number of days in such Delivery Year.
Long Term Program Capacity Value - the product of the Zonal Resource Credits for the facilities, as determined by Mid-Continent Independent System Operator (MISO), and 75% of the applicable MISO published Cost of New Entry for the resource zone in the lower peninsula of Michigan, adjusted annually.
PJM, 169 FERC ¶ 61,239 at P 2 (“[T]he default offer price floor for applicable new resources will be the Net Cost of New Entry (Net CONE) for their resource class; the default offer price floor for applicable existing resources will be the Net Avoidable Cost Rate (Net ACR) for their resource class.” (footnotes omitted)); id.
For models posing both equality and inequality constraints, the Gibbs sampler in Section 3.1 needs to be adapted to walk through the lower-dimensional projection of the D-dimensional space of choice probabilities.
PJM’s MOPR requires that all new, non- exempted natural gas-fired resources offer at or above that floor, equal to the Net Cost of New Entry (Net CONE) for the applicable asset class (by generator type and location).
These capital savings will be calculated by applying the estimated net Cost of New Entry (CONE) to the reduction in installed capacity requirements.
Going forward, the default offer price floor for applicable new resources4 will be the Net Cost of New Entry (Net CONE) for their resource class; the default offer price floor for applicable existing resources5 will be the Net Avoidable Cost Rate (Net ACR) for their resource class.
Under the Part A test, NYISO will exempt a new entrant from the offer floor if the forecast of capacity prices in the first year of a new entrant’s operation is higher than the default offer floor, which is 75% of the Net Cost of New Entry (CONE) of the hypothetical unit modeled in the most recent ICAP demand curve reset.