Day-ahead Scheduling Reserves Requirement definition

Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.
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Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with the Applicable Standards, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations.
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Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with Reliability First Corporation and SERC reliability standards, or those of any additional and/or successor regional reliability organization(s) that are responsible for establishing reliability requirements for the PJM Region, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations.
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Examples of Day-ahead Scheduling Reserves Requirement in a sentence

  • In addition the Office of the Interconnection shall schedule Operating Reserves pursuant to those sections to satisfy any unforeseen Operating Reserve requirements that are not reflected in the Day-ahead Scheduling Reserves Requirement.

  • To the extent that Section 3.2.3A.01 of Schedule 1 of this Agreement does not meet the Day-ahead Scheduling Reserves Requirement, the Office of the Interconnection shall schedule additional Operating Reserves pursuant to Section 1.7.17 and 1.10 of Schedule 1 of this Agreement.

  • The total megawatt volume of Base Day-ahead Scheduling Reserves resources equals the ratio of the Base Day-ahead Scheduling Reserves Requirement to the Day-ahead Scheduling Reserves Requirement multiplied by the total volume of Day-ahead Scheduling Reserves megawatts paid pursuant to paragraph (c) of this section.

  • PJMSettlement shall be the Counterparty to the purchases and sales of Day-ahead Scheduling Reserves in the PJM Interchange Energy Market; provided that PJMSettlement shall not be a contracting party to bilateral transactions between Market Participants or with respect to a self-schedule or self- supply of generation resources by a Market Buyer to satisfy its Day-ahead Scheduling Reserves Requirement.

  • If there are no Market Participants with a positive demand difference, the Additional Day-ahead Scheduling Reserves credits are allocated according to paragraph (i) above.(e) If the Day-ahead Scheduling Reserves Requirement is not satisfied through the operation of subsection (a) of this section, any additional Operating Reserves required to meet the requirement shall be scheduled by the Office of the Interconnection pursuant to Section 3.2.3 of Schedule 1 of this Agreement.

  • If there are no Market Participants with a positive demand difference, the Additional Day- ahead Scheduling Reserves credits are allocated according to paragraph (i) above.(e) If the Day-ahead Scheduling Reserves Requirement is not satisfied through the operation of subsection (a) of this section, any additional Operating Reserves required to meet the requirement shall be scheduled by the Office of the Interconnection pursuant to Section 3.2.3 of Schedule 1 of this Agreement.

  • If the Day-ahead Scheduling Reserves Requirement is not satisfied through the operation of subsection (a) of this section, any additional Operating Reserves required to meet the requirement shall be scheduled by the Office of the Interconnection pursuant to Section 3.2.3 of Schedule 1 of this Agreement.

  • PJMSettlement shall be the Counterparty to the purchases and sales of Day-ahead Scheduling Reserves in the PJM Interchange Energy Market; provided that PJMSettlement shall not be a contracting party tobilateral transactions between Market Participants or with respect to a self-schedule or self- supply of generation resources by a Market Buyer to satisfy its Day-ahead Scheduling Reserves Requirement.

  • The Office of the Interconnection shall satisfy the Day-ahead Scheduling Reserves Requirement by procuring Day-ahead Scheduling Reserves in the Day-ahead Scheduling Reserves Market from Day-ahead Scheduling Reserves Resources, provided that Demand Resources shall be limited to providing the lesser of any limit established by the Reliability First Corporation or SERC, as applicable, or twenty-five percent of the total Day- ahead Scheduling Reserves Requirement.

  • The hourly credits paid to Day-ahead Scheduling Reserve Resources satisfying the Additional Day-ahead Scheduling Reserve Requirement (“Additional Day-ahead Scheduling Reserves credits”) shall equal the ratio of the Additional Day-ahead Scheduling Reserves Requirement to the Day-ahead Scheduling Reserves Requirement, multiplied by the total credits paid to Day-ahead Scheduling Reserves Resources and are allocated as Additional Day-ahead Scheduling Reserves charges per paragraph (ii) below.


More Definitions of Day-ahead Scheduling Reserves Requirement

Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with Reliability First Corporation and SERC reliability standards, or those of any additional and/or successor regional reliability organization(s) that are responsible for establishing reliability requirements
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Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead
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Related to Day-ahead Scheduling Reserves Requirement

  • Base Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with the Applicable Standards, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations. Base Load Generation Resource

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Day-ahead Scheduling Reserves means thirty-minute reserves as defined by the ReliabilityFirst Corporation and SERC.

  • Day-ahead Scheduling Reserves Resources means synchronized and non-synchronized generation resources and Demand Resources electrically located within the PJM Region that are capable of providing Day-ahead Scheduling Reserves.

  • Day-ahead Scheduling Reserves Market means the schedule of commitments for the purchase or sale of Day-ahead Scheduling Reserves 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.

  • Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.

  • Reserve Requirement means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on “Eurocurrency liabilities” (as defined in Regulation D).

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • LIBOR Reserve Requirement means, for any LIBOR Loan or Bid Rate Loan, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained during the Interest Period for such LIBOR Loan or Bid Rate Loan under Regulation D by member banks of the Federal Reserve System in New York City with deposits exceeding One Billion Dollars ($1,000,000,000) against "Eurocurrency liabilities" (as such term is used in Regulation D). Without limiting the effect of the foregoing, the LIBOR Reserve Requirement shall also reflect any other reserves required to be maintained by such member banks by reason of any Regulatory Change against (1) any category of liabilities which includes deposits by reference to which the LIBOR Base Rate is to be determined as provided in the definition of "LIBOR Base Rate" in this Section 1.01 or (2) any category of extensions of credit or other assets which include loans the interest rate on which is determined on the basis of rates referred to in said definition of "LIBOR Base Rate".