Forecast Pool Requirement definition

Forecast Pool Requirement shall have the meaning specified in the Reliability Assurance Agreement.
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Forecast Pool Requirement or “FPR” shall mean the amount equal to one plus the unforced reserve margin (stated as a decimal number) for the PJM Region required pursuant to this Reliability Assurance Agreement, as approved by the PJM Board pursuant to Reliability Assurance Agreement, Schedule 4.1.
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Examples of Forecast Pool Requirement in a sentence

  • This research will focus on the following specific objective. To examine revenue planning, polices and practice of Nepal Electricity Authority. To analyze the relationship between sales, production and losses in transmission. To examine the credit collection policy of Nepal Electricity Authority.

  • The Limited Demand Resource Reliability Target shall be expressed as a percentage of the forecasted peak load of the PJM Region or such LDA and is converted to Unforced Capacity by multiplying [the reliability target percentage] times [the Forecast Pool Requirement] times [the DR Factor] times [the forecasted peak load of the PJM Region or such LDA, reduced by the amount of load served under the FRR Alternative].

  • Schedule 4 sets forth guidelines with respect to the Forecast Pool Requirement.

  • A change in Accounted-For Obligation due to an increase in customers during the applicable Interval shall be determined by subtracting the Party Peak Load of the Party (net of its operating Behind The Meter Generation, but not to be less than zero) on the twentieth day of the immediately preceding month from the Party Peak Load (net of its operating Behind The Meter Generation, but not to be less than zero) on the day the Party is deficient and multiplying this quantity by the Forecast Pool Requirement.

  • The Forecast Pool Requirement shall be determined for the specified Planning Periods to establish the level of Capacity Resources and ALM that will provide an acceptable level of reliability consistent with the Reliability Principles and Standards.

  • Each Party shall be responsible for satisfying the Forecast Pool Requirement related to the end-users it serves.

  • Each year, the Forecast Pool Requirement for at least each of the next five Planning Periods shall be projected by applying suitable probability methods to the data and forecasts provided by the Parties and obtained from Electric Distributors, as described in Schedule 15, the Amended Operating Agreement and in the PJM Manuals.

  • Forecast Pool Requirement or FPR shall mean the amount equal to one plus the unforced reserve margin (stated as a decimal number) for the PJM Region required pursuant to this Agreement, as approved by the PJM Board pursuant to Schedule 4.1.

  • To the extent the FRR Entity’s allocated share of the Final Zonal Peak Load Forecast is less than the FRR Entity’s allocated share of the Preliminary Zonal Peak Load Forecast, such FRR Entity’s FRR Capacity Plan may be updated to release previously designated Capacity Resources in an amount no greater than the Forecast Pool Requirement times such decrease.

  • RAA, Schedule 4 sets forth guidelines with respect to the Forecast Pool Requirement.

Related to Forecast Pool Requirement

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • 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.

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • 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.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • PJM Region Reliability Requirement means, for purposes of the Base Residual Auction, the Forecast Pool Requirement multiplied by the Preliminary PJM Region Peak Load Forecast, less the sum of all Preliminary Unforced Capacity Obligations of FRR Entities in the PJM Region; and, for purposes of the Incremental Auctions, the Forecast Pool Requirement multiplied by the updated PJM Region Peak Load Forecast, less the sum of all updated Unforced Capacity Obligations of FRR Entities in the PJM Region.

  • Forecast means the hourly forecast of (a) the total electric energy production of the Generating Facility (in MWh) when the Generating Facility is not PIRP-eligible or Buyer is not Scheduling Coordinator net of the Site Host Load and Station Use, or (b) the available total generation capacity of the Generating Facility (in MW) when the Generating Facility is PIRP-eligible and Buyer is Scheduling Coordinator net of the Site Host Load and Station Use.