Locational UCAP definition

Locational UCAP means unforced capacity that a Member with available uncommitted capacity sells in a bilateral transaction to a Member that previously committed capacity through an RPM Auction but now requires replacement capacity to fulfill its RPM Auction commitment. The Locational UCAP Seller retains responsibility for performance of the resource providing such replacement capacity.
Sample 1Sample 2Sample 3
Locational UCAP means unforced capacity that a Member with available uncommitted capacity sells in a bilateral transaction to a Member that previously committed capacity through an RPM Auction but now requires replacement capacity to fulfill its RPM Auction commitment.
Sample 1Sample 2Sample 3
Locational UCAP means unforced capacity that a Member with available uncommitted capacity sells in a bilateral transaction to a Member that previously committed capacity through
Sample 1Sample 2Sample 3

Examples of Locational UCAP in a sentence

  • Tariff, Attachment DD, § 10A(g) (“Revenues collected from assessment of Non-Performance Charges for a Performance Assessment Interval shall be distributed to each Market Participant, whether or not such Market Participant committed a Capacity Resource or Locational UCAP for a Performance Assessment Interval, that provided energy or load reductions above the levels expected for such resource during such hour.”).

  • DD, § 10A(g) (“Revenues collected from assessment of Non- Performance Charges for a Performance Assessment Interval shall be distributed to each Market Participant, whether or not such Market Participant committed a Capacity Resource or Locational UCAP for a Performance Assessment Interval, that provided energy or load reductions above the levels expected for such resource during such interval.”).

  • The Market Seller that committed the resource, or Locational UCAP Seller that sold the resource, may perform an unlimited number of tests during each such period.

  • Locational UCAP may not be sold or purchased prior to the date that the final EFORD is established for such Delivery Year, and if designated to PJM by the Locational UCAP Seller as sold prior to the Third Incremental Auction for a Delivery Year must be confirmed by the buyer prior to such Third Incremental Auction as purchased for replacement capacity, or such transaction shall be rejected.

  • With the exception of certain Replacement Capacity transactions, the eRPM system will not accept transactions (Capacity Modifications, Demand Resource Modifications, Energy Efficiency Modifications, Unit-specific transactions, Cleared Buy Bid transactions, Auction Specific MW transactions or Locational UCAP Transfers) during the offer window or clearing week of the BaseResidual Auction.

  • For these non-capacity resources, their entire performance is considered Bonus Performance, as section 10A(g) makes clear: “Expected Performance shall be zero for any resource that is not a Capacity Resource or Locational UCAP, or that is a Capacity Resource or Locational UCAP, but for which the Performance Assessment Hour occurs outside the resource’s capacity obligation period,” such as a summer-only demand resource providing load reductions in the winter.

  • With the exception of certain Replacement Capacity transactions, the eRPM system will not accept transactions (Capacity Modifications, Demand Resource Modifications, Energy Efficiency Modifications, Unit-specific transactions, Cleared Buy Bid transactions, Auction Specific MW transactions or Locational UCAP Transfers) during the offer window or clearing week of the BaseRPM Base Residual Auction FAQs Residual Auction.

  • The Capacity Market Seller or Locational UCAP Seller shall commit such replacement Capacity Resource in accordance with the procedure set forth in the PJM Manuals.

  • If you purchased Locational UCAP from another party prior to the Third Incremental Auction, you must create a replacement transaction in Capacity Exchange and use the Locational UCAP toreduce the commitment on a Reliability Pricing Model committed resource before the start of the Third Incremental Auction.

  • A purchaser of Locational UCAP may not offer such capacity into an RPM Auction.


More Definitions of Locational UCAP

Locational UCAP means unforced capacity that a Member with available uncommitted
Sample 1

Related to Locational UCAP

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Gestational carrier means an adult woman who enters into an agreement to have an embryo implanted in her and bear the resulting child for intended parents, where the embryo is conceived by using the egg and sperm of the intended parents.

  • Operational Manual means the manual referred to in Section 3.03 of this Agreement;