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

  • 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.

  • 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.

  • Example Hour Non-Firm:• hour-NON_FIRM_NPC• hour-NON_FIRM_WPC Under Locational Marginal Pricing, Non-Firm Point-to-Point WPC and NPC Transmission Service is limited to the posted ATC amount.

  • The Company shall assign to each Customer’s account a Load Zone designation based on the normal supply facility (substation, feeder, transformer) of that Customer listed in the Company’s customer information system for the purpose of implementing Locational Marginal Pricing in accordance with NEPOOL’s Standard Market Design.

  • 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 Company will reflect the effects of Locational Marginal Pricing in its Standard Basic Service rates to medium and large commercial and industrial customers as defined in 4(b)(iv) or (v), above.

  • The Company is an active participant in the MISO energy markets, bidding its owned generation into the Day Ahead and Real Time markets and procuring power for its retail customers at Locational Marginal Pricing (LMP) as determined by the MISO market.

  • Since April 2009, the CAISO has managed a Day-Ahead Market (“DAM”), also known as the Integrated Forward Market (“IFM”) and provided for Locational Marginal Pricing (“LMP”) at thousands of “nodes,” or points of injection and withdrawal of power on the transmission grid.

  • ISO states that the purpose of Amendment No. 50 is to modify the Tariff to provide for a means to improve management of Intra-Zonal Congestion until the ISO implements Locational Marginal Pricing (LMP) or some other long-term comprehensive solution, and to allow the ISO to share Generator Outage information with entities operating transmission and distribution systems affected by the Outage.

  • Most of these markets utilize a congestion management system based on Locational Marginal Pricing (LMP).


More Definitions of Locational Marginal Pricing

Locational Marginal Pricing or “LMP” has the meaning set forth in the CAISO Tariff.
Sample 1Sample 2Sample 3
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,
Sample 1
Locational Marginal Pricing means the processes related to the determination of the LMP.
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Related to Locational Marginal Pricing

  • Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

  • Additional Margin shall have the meaning provided in Section 2.14(a).

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • Retail margin means an amount, reflecting differences in

  • Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.

  • 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.

  • Level III Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Applicable ABR Margin means, at any date:

  • Established catalogue price means the price included in a catalogue, price list, schedule, or other form that:

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Marginal Value means the difference between actual taxable value and base taxable value.

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • 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.