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.
We further find that the PJM Tariff authorizes PJM to use the source point or define the source Interface Pricing Point in a manner consistent with its current practice.
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.
Additionally, following the ATSI integration, the MICHFE Interface Pricing Point was eliminated, reducing the total number of real-time interface pricing points from 17 to 16.
Thus, PJM may determine the Interface Pricing Point by choosing a portion of an external balancing authority area such as MISO.
The monthly meter correction charge for Pseudo-Tie generator exports and unit-specific Dynamic Schedule exports out of the PJM Region shall be the product of the positive or negative deviation in energy amounts and the difference between the weighted average interface real-time Locational Marginal Price at the applicable Interface Pricing Point, and the generation weighted average Locational Marginal Price at that generator’s bus, for all hours of that month.
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.
This integration eliminated the OVEC Interface and the OVEC Interface Pricing Point from the real-time and day-ahead markets.
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.