Economic Minimum definition

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.

Economic Minimum means the lowest incremental MW output level a unit can achieve while following economic dispatch.

Examples of Economic Minimum 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.

• A Generator Asset that is online as a result of a Self-Schedule will be dispatched above its Economic Minimum Limit based on the economic merit of its Supply Offer.

• A Project Sponsor may specify a single MW quantity at or above the Economic Minimum Limit to which offers may be rationed.

• The Maximum Off-Line Short-Term Reserve Response limit must be greater than or equal to the Resource’s Economic Minimum Dispatch.

• From an online state, the Generator Asset must switch fuels within five hours and, if the Generator Asset must shut down to perform the switch, must return to operation at its Economic Minimum Limit within the specified time.

• A dynamic De-List Bid may not offer less capacity than the resource’s Economic Minimum Limit at any price, except where the amount of capacity offered is zero.

• CTs are permitted to provide an Economic Minimum Limit less than the physical economic minimum value of the unit.

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

• An Offer shall include an Hourly Economic Minimum Limit, expressed for each Hour in MW.