Load Reduction Event definition

Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.
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Examples of Load Reduction Event in a sentence

  • Entities that are not Members and desire to participate solely in the Real-time Energy Market by reducing demand may become a Special Member by paying an annual membership fee of $500 plus 10% of each payment owed by PJMSettlement for a Load Reduction Event not to exceed$5,000 in a calendar year.

  • The Company’s notification includes a time and date by which the Customer must reduce the committed Demand for each period of the Load Reduction Event.

  • The Company notifies the participating Customer of a Load Reduction Event using a mutually agreed upon method at the time of enrollment.

  • Typical Operational Days – Represents the 10 applicable days closest to the Load Reduction Event.

  • QUALIFIED LOAD REDUCTION (Continued) To qualify for a proportional Reservation Payment during a month with Load Reduction Events, the Customer must deliver a minimum of 70% of the Committed Load Reduction on average over each Load Reduction Event for which the Customer is enrolled in that month.

  • If other Load Reduction Events are called in the same month, and the Customer delivers a minimum of 70% of the Committed Load Reduction during such events, the corresponding Energy Reduction Payments are paid for each Load Reduction Event that the Customer delivers a minimum of 70% of the Committed Load Reduction on average over each event for which the Customer is enrolled during events in that month.

  • If the Customer fails to deliver a minimum of 70% of the Committed Load Reduction on average during any single event for which the Customer is enrolled during events in that month, the Customer is not eligible for the Energy Payment for that Load Reduction Event nor the Reservation Payment for that month.

  • If the Customer qualifies for a reduced Reservation Payment; the Qualified Load Reduction is the average load reduction percentage for all Load Reduction Event hours during that month.

  • Assessment and settlement of the Energy Payment will occur within 60 days of the Firm Load Reduction Event.

  • In thus arguing for group compensation, there is no need to revoke the claim that the moral-political basis for reparations lies ultimately in past violations of individuals’ rights and liberties: individuals were denied equal respect and treatment because of their group classification.