LMP Market definition

LMP Market means an energy market operated by the MISO in which energy is bought and sold at prices that vary with the points of delivery.
Sample 1Sample 2Sample 3
LMP Market means, for a given hour, a system, implemented and operated by MISO, in which users of the electric transmission grid in the Midwest are charged for electric transmission congestion based on the location of the transmission busses where they inject and withdraw power from the transmission system and the prices for electric energy at such busses. Such a system may or may not include a central clearing market for sales and purchases of electric energy. A necessary characteristic of an LMP Market, however, is the calculation and publishing by MISO of prices for electric energy (in $/MWh) at the Points of Delivery.
Sample 1Sample 2Sample 3
LMP Market means a system, implemented and operated by the Midwest ISO or other RTO, in which users of the electric transmission grid are charged for electric transmission congestion based on the location of the transmission busses where they inject and withdraw power from the transmission system and the prices for electric energy at such busses. Such a system must include a central clearing market for sales and purchases of electric energy. Midwest ISO or MISO means the Midwest Independent Transmission System Operator, Inc., or the successor organization to the functions thereof. MISO Planning Year means the twelve (12) month period beginning on the first day of June of each calendar year and ending on the thirty-first day of May the following calendar year during the Delivery Term. MW means megawatts. MWh means megawatt-hours.
Sample 1

Examples of LMP Market in a sentence

  • In the event such an LMP Market fails to exist during the Delivery Period, the Parties will revise this Agreement in an effort to provide for its effective implementation and application, without altering the balance of risks, rewards, and costs currently set forth in this Agreement.

  • This Agreement has been drafted with the presumption that, during the Delivery Period, there will exist a real-time LMP Market encompassing the Delivery Points.

Related to LMP Market

  • Flea market means a market place, other than a dealer's location licensed under this chapter, where a space or location is provided for a fee or compensation to a seller to exhibit and offer for sale or trade, motor vehicles to the general public.

  • Primary Market means on any of (a) the American Stock Exchange, (b) New York Stock Exchange, (c) the Nasdaq Global Select Market, (d) the Nasdaq Global Market, (e) the Nasdaq Capital Market, or (e) the Over-the-Counter Bulletin Board (“OTCBB”)

  • Secondary Market refers to a bulletin board platform at wxx.xxxxxxxxxxx.xx created by Masterworks.

  • Principal Market means the Nasdaq Capital Market.

  • OTC means Over-the-Counter.

  • NASDAQ means The Nasdaq Stock Market.

  • Stock Exchange The Stock Exchange of Hong Kong Limited

  • Approved Market means the Over-the-Counter Bulletin Board, the Nasdaq Stock Market, the New York Stock Exchange or the American Stock Exchange.