Economic Maximum definition

Economic Maximum means the highest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.
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Examples of Economic Maximum in a sentence

  • However, the Day-Ahead schedules resulting from the pro-ration process will reflect Economic Maximum Limits, Economic Minimum Limits, Minimum Reductions and Maximum Reductions.

  • The Economic Maximum Limits, Economic Minimum Limits, Minimum Reductions and Maximum Reductions are not used in determining the amount of energy (MW) in each marginal Supply Offer or Demand Reduction Offer to be cleared on a pro-rated basis.

  • For an on-line Generator Asset (other than one registered as being composed of multiple generating units whose synchronized capability cannot be determined by the ISO), Ten-Minute Spinning Reserve shall be calculated as the increase in output the Generator Asset could achieve, relative to its current telemetered output, within ten minutes given its Manual Response Rate (and in no case to a level greater than its Economic Maximum Limit).

  • For an on-line Generator Asset registered as being composed of multiple generating units whose synchronized capability cannot be determined by the ISO, Ten-Minute Non-Spinning Reserve shall be calculated as the increase in output the Generator Asset could achieve, relative to its current telemetered output, within ten minutes given its Manual Response Rate (and in no case to a level greater than its Economic Maximum Limit).

  • If no Hourly Economic Maximum Limit is submitted, the default limit will be used.

  • The duration of testing shall be based on design and manufacturing specifications but must include a minimum of sixty minutes of operation on oil at the Generator Asset’s Economic Maximum Limit.

  • Regardless of whether they have a Capacity Supply Obligation, Market Participants must submit Supply Offers for oil-fired Generator Assets into the Day-Ahead Energy Market and Real-Time Energy Market at the Generator Assets’ Economic Maximum Limit for each hour of the Operating Day.

  • The Generator Asset shall be evaluated based upon its ability to achieve the current offered Economic Maximum Limit value, through a review of historical dispatch data or based on a response to a current ISO-issued Dispatch Instruction.

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  • If the Generator Asset is not subject to a Capacity Supply Obligation, the Generator Asset’s Economic Maximum Limit must be equal to its Real-Time High Operating Limit.

Related to Economic Maximum

  • Economic Minimum means the lowest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.

  • Daily Maximum discharge limitation means the highest allowable “daily discharge” during the calendar month.

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.