Day-ahead Energy Market definition

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix. “Day-ahead Energy Market Injection Congestion Credits” shall mean those congestion credits paid to Market Participants for supply transactions in the Day-ahead Energy Market including generation schedules, Increment Offers, Up-to Congestion Transactions, import transactions, and Day-Ahead Pseudo-Tie Transactions. “Day-ahead Energy Market Transmission Congestion Charges” shall be equal to the sum of Day- ahead Energy Market Withdrawal Congestion Charges minus [the sum of Day-ahead Energy Market Injection Congestion Credits plus any congestion charges calculated pursuant to the Joint Operating Agreement between the Midcontinent Independent Transmission System Operator, Inc. and PJM Interconnection, L.L.C. (PJM Rate Schedule FERC No. 38), plus any congestion charges calculated pursuant to the Joint Operating Agreement Among and Between New York Independent System Operator Inc. and PJM Interconnection, L.L.C. (PJM Rate Schedule FERC No. 45), plus any congestion charges calculated pursuant to agreements between the Office of the Interconnection and other entities, as applicable)]. “Day-ahead Energy Market Withdrawal Congestion Charges” shall mean those congestion charges collected from Market Participants for withdrawal transactions in the Day-ahead Energy Market from transactions including Demand Bids, Decrement Bids, Up-to Congestion Transactions, Export Transactions, and Day-Ahead Pseudo-Tie Transactions.

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix.

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix, section 1.10.

Examples of Day-ahead Energy Market in a sentence

• All Virtual Transactions submitted to PJM shall be subject to a credit screen prior to acceptance in the Day-ahead Energy Market.

• Only Economic Load Response Participants shall be eligible to participate in the Real-time Energy Market and the Day-ahead Energy Market by submitting offers to the Office of the Interconnection to reduce demand.

• Bilateral transactions as to which the parties have notified the Office of the Interconnection by the deadline specified in Section 1.10.1A that they elect not to be included in the Day-ahead Energy Market and that they are not willing to incur Transmission Congestion Charges in the Real-time Energy Market shall be curtailed by the Office of the Interconnection as necessary to reduce or alleviate transmission congestion.

• All virtual bids submitted to PJM shall be subject to a credit screen prior to acceptance in the Day-ahead Energy Market auction.

• All Virtual Transactions submitted to PJM shall be subject to a credit screen prior to acceptance in the Day-ahead Energy Market auction.

More Definitions of Day-ahead Energy Market

Day-ahead Energy Market shall have the meaning set forth in the ISO-NE Rules.

Day-ahead Energy Market means the day-ahead hourly forward market in which participants offer to sell and bid to buy energy.

Day-ahead Energy Market or “DAM” shall have the meaning as set forth in the NEPOOL Manual for Definitions and Abbreviations.

Day-ahead Energy Market means the hourly day-ahead energy market currently operated by PJM, or any successor market thereto.

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of Energy, payment of Congestion Charges, and payments for Marginal Losses developed by the ISO as a result of the offers and specifications submitted in accordance with Section 1.10 of this Document.