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

  • Otherwise, for resources that have sought a resource- specific CPM Capacity price pursuant to Section 43A.4.1.1.1, the CAISO shall use the CPM Soft Offer Cap price for calculating the Availability Incentive Mechanism price.43A.6 Reports The CAISO shall publish the following reports and notices.

  • Otherwise, for resources that have sought a resource- specific CPM Capacity price pursuant to Section 43A.4.1.1.1, the CAISO shall use the CPM Soft Offer Cap price for calculating the Availability Incentive Mechanism price.43A.6 Reports‌ The CAISO shall publish the following reports and notices.

  • For a resource whose sales are under FERC jurisdiction that is providing CPM Capacity to be compensated at a rate higher than the CPM Soft Offer Cap, the resource owner must make a limited resource-specific filing before FERC to determine the just and reasonable capacity price for the resource as calculated under this formula.

  • The tariff specially states that the statekholder process may consider “what resource serves as the reference resource, the components of fixed costs that are considered in setting the CPM Soft Offer Cap, or the use of a 20% adder to costs to set the CPM Soft Offer Cap.”13 Staff request the CAISO add this issue to the scope of this initiative.

  • 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.

  • DMM has three concerns about use of the CAISO’s CPM Soft Offer Cap as a price ceiling at or below which the RA-CPE would be required to accept RA-only offers until residual RA requirements are met for a three-year forward period.

  • This provision would also further magnify the importance of the CPM Soft Offer Cap in terms of affecting prices and potential market power in California’s bilateral capacity market.

  • 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.

  • If the resource owner fails to make such cost justification filing within 30 days, then theCAISO shall deem the effective CPM Capacity price for the resource to be the CPM Soft Offer Cap.

  • First, DMM notes that the CPM Soft Offer Cap is only one element of the CAISO’s backstop procurement authority, which includes a combination of various CPM and Reliability Must Run (RMR) tariff provisions.

Related to CPM Soft Offer Cap

  • Last best offer package means the offer exchanged by parties not less than 14 days prior

  • Market Seller Offer Cap means a maximum offer price applicable to certain Market Sellers under certain conditions, as determined in accordance with Tariff, Attachment DD. section 6 and Tariff, Attachment M-Appendix, section II.E.

  • Net Offering Proceeds means the proceeds received from (a) the issuance of any Capital Stock or (b) the incurrence of any Indebtedness, in each case net of the actual liabilities for reasonably anticipated cash taxes in connection with such issuance or incurrence, if any, any underwriting, brokerage and other customary selling commissions incurred in connection with such issuance or incurrence, and legal, advisory and other fees and expenses, including title and recording tax expenses, if any, incurred in connection with such issuance or incurrence.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • 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.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Base Offer Segment means a component of a Sell Offer based on an existing Generation Capacity Resource, equal to the Unforced Capacity of such resource, as determined in accordance with the PJM Manuals. If the Sell Offers of multiple Market Sellers are based on a single Existing Generation Capacity Resource, the Base Offer Segments of such Market Sellers shall be determined pro rata based on their entitlements to Unforced Capacity from such resource.

  • Qualifying Offer shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Consent Solicitation has the meaning set forth in Section 6.15(b).