Locational Marginal Pricing definition

Locational Marginal Pricing means as set forth in the Market Rules and Procedures.
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Locational Marginal Pricing or “LMP” means the form of pricing of Electricity, as determined and modified by the IESO from time to time, to be considered and implemented by the IESO, if at all, based upon a non-uniform, real-time, price of Electricity at each point, node, zone or other price reference location on the IESO-Controlled Grid and having the effect that such real-time prices reflect the costs of transmission congestion.
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Locational Marginal Pricing means the wholesale electric power market system administered by ISO New England, wherein the market prices for electricity are dependent upon the location of production and consumption.
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Examples of Locational Marginal Pricing in a sentence

  • Locational Marginal Pricing means as set forth in the Market Rules and Procedures.

  • Any unallocated generated kWh remaining at the end of the Program Year will be valued at the average ISO-NE Locational Marginal Pricing rate that was realized by the settlement of the output with ISO-NE over the course of the year and will be paid to the designated payment recipient in a lump sum.

  • Bid-based security constrained central dispatch based on Locational Marginal Pricing is a regional implementation of this practice.

  • At its option, the Company may pay a designated recipient, in a lump sum amount, any AOBC remaining on the AOBC Generation Unit billing account at the end of a 12-month period ending March 31, adjusted by the ratio of the average ISO-NE Locational Marginal Pricing rate that was realized by the settlement of the output of STGUs with ISO-NE over the course of the year divided by the average Basic Service rate for the 12-month period.

  • ELECTRICITY-PJM-WESTERN HUB-REAL TIME" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by the PJM at http://www.pjm.com/markets-and- operations/energy/real-time/lmp.aspx , under the headings "Daily Real-Time LMP: Daily Real- Time Locational Marginal Pricing Files: WESTERN HUB" or any successor headings, that reports prices effective on that Pricing Date.

  • The Real-Time Energy Market clears these External Transactions based on forecast Locational Marginal Pricing (LMPs) and the transfer capability of the associated external interfaces.

  • In all its detailed analysis and CRR selection strategy, PG&E used Locational Marginal Pricing (LMP) congestion prices and risk characteristics from CAISO’s CRR auctions and studies, as well as an internal assessment of LMP congestion prices.

  • In 2003 demand was 276,000 GWh. In its Market Design 2002 (MD02), CAISO proposes a three-settlement system, including a day-ahead market, an hour-ahead market, and a real-time market based on Locational Marginal Pricing (LMP).

  • Enforcement determined that in early 2007, NAPP offered a resource with a real-time Locational Marginal Pricing rate into PJM’s day-ahead energy market in violation of section 3.3A.5(c) of Attachment K of PJM’s OATT.

  • The purpose of the Real-Time market is similar, but is based on actual rather than bid demand and must also function to determine economic redispatch to manage congestion given dynamic supply and demand.The Midwest ISO utilizes Locational Marginal Pricing (LMP), which is the market clearing price at a specific Commercial Pricing Node (CPNode) in the Midwest Market that is equal to the cost of supplying the next increment of load at that location.


More Definitions of Locational Marginal Pricing

Locational Marginal Pricing or “LMP” has the meaning set forth in the CAISO Tariff.
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Locational Marginal Pricing or “LMP” means the form of pricing of Electricity, as determined and modified by the IESO from time to time, to be considered and implemented by the IESO, if at all, based upon a non-uniform, real-time, price of Electricity at each point, node,
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Locational Marginal Pricing means the processes related to the determination of the LMP.
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Related to Locational Marginal Pricing

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.