CPM Soft Offer Cap definition

CPM Soft Offer Cap has the meaning set forth in the CAISO Tariff.
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CPM Soft Offer Cap has the meaning set forth in the CAISO Tariff. “CPUC System RA Penalty” means the Tier 1 System RA Penalties assessed against LSEs by the CPUC for RA deficiencies that are not replaced or cured, as established in the Resource Adequacy Rulings and subsequently incorporated into the annual “Filing Guide for System, Local and Flexible Resource Adequacy Compliance Filings” that is issued by the CPUC Energy Division, which is expected to be updated annually, or any replacement or successor documentation established by the CPUC Energy Division to reflect RA penalties that are established by the CPUC and assessed against LSEs for RA deficiencies. “Deemed Delivered RA” means for each hour of the Relevant Day in the applicable Showing Month the amount of Net Qualifying Capacity expressed in MW that the Facility would have delivered to the Delivery Point, but for (i) a Force Majeure Event, and (ii) Planned Outages permitted by the terms of this PPA to the extent such Planned Outages reduce the maximum achievable Net Qualifying Capacity of the Facility. “Delivered RA” means for each hour of the Relevant Day in the applicable Showing Month the sum of (a) the Net Qualifying Capacity of the Facility for such month able to be shown on Buyer’s monthly or annual Resource Adequacy Plan to the CAISO and CPUC and counted as Resource Adequacy Capacity by both the CAISO and CPUC, (b) Deemed Delivered RA and (c) Replacement RA. “Guaranteed RA Amount” means the Qualifying Capacity minus Administrative NQC Reductions for each hour of the Relevant Day in the applicable Showing Month. “RA Deficiency Amount” means the liquidated damages payment that Seller shall pay to Buyer for an applicable RA Shortfall Month equal to the product of (i) the RA Shortfall Amount, and (ii) the sum of (A) the CPUC System RA Penalty and (B) the CPM Soft Offer Cap. “RA Shortfall Amount” shall be determined by first, calculating the difference of the Guaranteed RA Amount minus the Delivered RA for each hour of the Relevant Day in the applicable Showing Month and, second, selecting the highest hourly difference for any hour of the Relevant Day in the applicable Showing Month as determined pursuant to step one of this calculation, which such highest hourly value shall be the “RA Shortfall Amount” for purposes of calculating an RA Deficiency Amount for such Showing Month; provided, if the CPUC adopts another methodology for calculating a load serving entity’s procurement deficiencies in Resource Adequacy Ben...
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CPM Soft Offer Cap has the meaning set forth in the CAISO Tariff.] [Applies if Seller is providing RA]
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Examples of CPM Soft Offer Cap in a sentence

  • Supplemental revenues authorized under this Section 39.10 shall not exceed within a 30-day period (this 30-day period begins on the day of the first Exceptional Dispatch of the resource and re-starts on the day of the first Exceptional Dispatch of the resource following the end of any prior 30-day period) the CPM Soft Offer Cap, for which the resource would be eligible pursuant to Section 43A.7 had its Eligible Capacity been designated as CPM Capacity.

  • For each RA Shortfall Month, Seller shall pay to Buyer an amount (the “RA Deficiency Amount”) which shall be equal to the product of (i) the RA Shortfall Amount, and (ii) the sum of (A) the CPUC System RA Penalty and (B) the CPM Soft Offer Cap.

  • These obligations include a must offer obligation and making the awarded capacity subject to the ISO’s Resource Adequacy Availability Incentive Mechanism (RAAIM) tool, which provides financial incentives for resources to meet their resource adequacy obligations.128 The CAISO then explained the function of the CPM Soft Offer Cap as follows: Market power mitigation for the competitive solicitation process is provided through a soft offer cap.

  • As shown inAttachment A of DMM’s 2020 comments on the CPM Soft Offer Cap Draft Final Proposal, 9 the CEC’s recent fixed O&M estimates are about three times higher than the higher end of the various estimates found by DMM.

  • This section of the tariff specifically states:A Scheduling Coordinator for a resource may offer a price in excess of the CPM Soft Offer Cap.

  • Periodic Updates to the CPM Soft Offer Cap Provide a More Durable Backstop Capacity Procurement Mechanism A key design principle of the Offer of Settlement is that the CPM needs to be durable and allow for regular updating of the CPM Soft Offer Cap to account for changing conditions.

  • The stakeholder process would not automatically reassess the use of the specified reference resource or the 20 percent adder, but the Offer of Settlement does not preclude any party from proposing changes to the tariff formula for calculating the CPM Soft Offer Cap.

  • A Single Offer Cap for All Capacity Types in all Competitive Solicitation Processes Provides Additional Market Power Mitigation The same CPM Soft Offer Cap will apply to all capacity types (system, local, flexible) and all competitive solicitation processes (annual, monthly, intra- monthly).

  • Proposed Section 43A.4.1.1.2 requires the CAISO to hold a stakeholder process at least every four years to review the CPM Soft Offer Cap.

  • The stakeholder process will consider whether the CPM Soft Offer Cap adequately reflects 120 percent of the going-forward fixed costs of the reference resource at the time of the stakeholder initiative.