Interface Pricing Point definition
Examples of Interface Pricing Point in a sentence
PJM shall utilize the sensitivity of the Ttie Llines to an injection at each external pricing point to weight the node associated with that Ttie Lline in the Interface Pricing Point calculation, as more fully described in the PJM Manuals.
For each Interface Pricing Point, a set of Ttie Llines will be defined and each node in the interface definition will be assigned to a Ttie Lline.
Except as specified in this subsection, a Transmission Congestion Charge shall be assessed for transmission use scheduled in the Day-ahead Energy Market, calculated as the amount to be delivered multiplied by the difference between the Day-ahead Congestion Price at the delivery point or the delivery Interface Pricing Point at the boundary of the PJM Region and the Day- ahead Congestion Price at the source point or the source Interface Pricing Point at the boundary of the PJM Region.
Except as specified in this subsection, a Transmission Loss Charge shall be assessed for transmission use scheduled in the Day-ahead Energy Market, calculated as the amount to be delivered multiplied by the difference between the Day-ahead Loss Price at the delivery point or the delivery Interface Pricing Point at the boundary of the PJM Region and the Day-ahead Loss Price at the source point or the source Interface Pricing Point at the boundary of the PJM Region.
For pool External Resources, the Office of the Interconnection shall model, based on an appropriate flow analysis, the hourly amounts delivered from each such resource to the corresponding Interface Pricing Point between adjacent Control Areas and the PJM Region.
Transmission Congestion Charges shall be assessed for real-time transmission use in excess of the amounts scheduled for each hour in the Day-ahead Energy Market, calculated as the excess amount multiplied by the difference between the Real-time Congestion Price at the delivery point or the delivery Interface Pricing Point at the boundary of the PJM Region, and the Real-time Congestion Price at the source point or the source Interface Pricing Point at the boundary of the PJM Region.
The Transmission Congestion Charge shall be the amount of Operating Margin purchased in an hour multiplied by the difference in the Locational Marginal Price at what would be the delivery Interface Pricing Point and the Locational Marginal Price at what would be the source Interface Pricing Point, if the operating contingency that was the basis for the purchase of Operating Margin had occurred in that hour.
Transmission Loss Charges shall be assessed for real-time transmission use in excess of the amounts scheduled for each hour in the Day-ahead Energy Market, calculated as the excess amount multiplied by the difference between the Real-time Loss Price at the delivery point or the delivery Interface Pricing Point at the boundary of the PJM Region, and the Real-time Loss Price at the source point or the source Interface Pricing Point at the boundary of the PJM Region.
To the extent that the energy actually injected at a generation bus or Interface Pricing Point in any hour is less than the energy scheduled to be injected at that bus or point in the Day-ahead Energy Market, the Market Seller shall be debited for the difference at the Real-time Loss Price for the applicable bus or point at the time of the shortfall times the amount of the shortfall.