Locational UCAP Seller definition

Locational UCAP Seller means a Member that sells Locational UCAP.
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Locational UCAP Seller means a Member that sells Locational UCAP. “LOC Deviation,” shall mean, for units other than wind units, the LOC Deviation shall equal the desired megawatt amount for the resource determined according to the point on the Final Offer curve corresponding to the Real-time Settlement Interval real-time Locational Marginal Price at the resource’s bus and adjusted for any Regulation or Tier 2 Synchronized Reserve assignments and limited to the lesser of the unit’s Economic Maximum or the unit’s Generation Resource Maximum Output, minus the actual output of the unit. For wind units, the LOC Deviation shall mean the deviation of the generating unit’s output equal to the lesser of the PJM forecasted output for the unit or the desired megawatt amount for the resource determined according to the point on the Final Offer curve corresponding to the Real-time Settlement Interval real-time Locational Marginal Price at the resource’s bus, and shall be limited to the lesser of the unit’s Economic Maximum or the unit’s Generation Resource Maximum Output, minus the actual output of the unit.
Sample 1Sample 2Sample 3
Locational UCAP Seller means a Member that sells Locational UCAP. “ LOC Deviation,” shall mean, for units other than wind units, the LOC Deviation shall equal the desired megawatt amount for the resource determined according to the point on the Final Offer curve corresponding to the Real-time Settlement Interval real-time Locational Marginal Price at and limited to the lesser of the unit’s Economic Maximum or the unit’s Generation Resource Maximum Output, minus the actual output of the unit. For wind units, the LOC Deviation shall mean the deviation of the generating unit’s output equal to the lesser of the PJM forecasted output for the unit or the desired megawatt amount for the resource determined according to the point on the Final Offer curve corresponding to the Real-time Settlement Interval real-time Economic Maximum or the unit’s Generation Resource Maximum Output, minus the actual output of the unit.
Sample 1

Examples of Locational UCAP Seller in a sentence

  • 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.

  • Tariff, Attachment DD, section 7 (“If none of the tests during a testing period certify full delivery of the megawatt amount of installed capacity the Market Seller committed, or Locational UCAP Seller sold, for such Delivery Year, the Market Seller or Locational UCAP Seller shall be assessed a daily Generation Resource Rating Test Failure Charge for each day from the first day of the Summer or Winter Season in which such resource failed the rating test ” (emphasis added)).

  • 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.

  • Locational UCAP Seller may be excused from the calculation of a performance shortfall for a Performance Assessment Interval.

  • The Locational UCAP Seller shall be responsible for any charges imposed under sections 7, 8, 9, 10, 10A, 11, or 13, as applicable, for such Delivery Year, with respect to the increment of capacity sold as Locational UCAP; any other settlement of charges under the Locational UCAP transaction shall be between the parties.

Related to Locational UCAP Seller

  • 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.

  • Seller has the meaning set forth in the Preamble.

  • Closing Location means the location that all Proposals for this RFP will be accepted at.

  • Purchasing Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states if authorized by a Participating Addendum, that issues a Purchase Order against the Master Agreement and becomes financially committed to the purchase.

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.