Examples of Maintenance Adder in a sentence
Labor costs included in cost-based offers do not include straight-time labor costs and are limited to: (1) start-up costs for additional staffing requirements and (2) contractor labor or plant personnel overtime labor included in the Maintenance Adder associated with maintenance activities directly related to electric production.
The formula for the calculation is as follows:Offer Cap = (AFC / AHC) + VOM + FCwherein the variables are defined as:AFC = Annual Fixed Cost (Annual Investment Recovery Requirement ($/megawatt-year) + Annual Fixed Operations and Maintenance Adder ($/megawatt-year))AHC = Annual Hours of ConstraintVOM = Variable Non-Fuel Operations and Maintenance Adder ($/megawatt-hour)FC = Fuel Cost (Heat Rate * Natural Gas Price Index) ($/megawatt-hour) Offer Caps do not function as price caps on the EIS Market.
Such units can be assigned their calculated Maintenance Adder and/or Start Cost Maintenance Adder, or a forecast value, subject to evaluation pursuant to the Mitigated Offer Methodology Approval Process.
For natural gas-fueled units, the Variable Cost Option will calculate the Default Energy Bid by adding incremental cost (comprised of incremental fuel cost plus a volumetric Grid Management Charge adder plus a greenhouse gas cost adder if applicable) with the Variable Energy Operation and Maintenance Adder, by multiplying the sum by the Default Energy Bid Multiplier, adding a Bid Adder if applicable for a Frequently Mitigated Unit, and adding Variable Energy Opportunity Costs, if any.
Maintenance Adders are comprised of major maintenance and minor maintenance.Market Sellers that wish to include major maintenance and/or unit-specific minor maintenance in the Maintenance Adder shall submit and receive approval of the requested adder from the Office of Interconnection, prior to the inclusion of such adder (or prior to the expiration of a previously approved adder) in cost-based offers.
This review includes a breakdown of the maintenance costs included in the most recent year and the maintenance history used by the Market Seller to calculate their Maintenance Adder.
For calendar year 2011, the Annual Fixed Cost shall be equal to $103,470/Megawatt-year.VOM = Variable Non-Fuel Operations and Maintenance Adder ($/megawatt-hour):The adder equal to the estimated non-fuel variable operation and maintenance costs of a new, natural gas-fired, combustion turbine peaking generation facility shall be based on the non-fuel operating and maintenance costs of such a facility not included in the calculation of annual fixed costs as described above.
Docket No. ER19010009 – In the Matter of Federal Energy (FERC) Items for 2019 – FERC Docket No. EL19-8 PJM Interconnection, LLC re: Maintenance Adder Revisions to Operating Agreement; and Docket No. ER19010009 – In the Matter of Federal Energy (FERC) Items for 2019 – FERC Docket No. ER19-210 PJM Interconnection, LLC re: Maintenance Adder Revisions to PJM Tariff.
Conceptual O&M Costs18 Conceptual O&M Costs Fixed O&M As indicated, variable O&M buildup includes the Major Maintenance Adder for the CT (typically expressed on a $/Start as clarified in Table 3.5-2 below) as well as consumables and BOP.
Maintenance Adders are comprised of major maintenance and minor maintenance.Market Sellers that wish to include major maintenance and/or unit specific minor maintenance in the Maintenance Adder shall submit and receive approval of the requested adder from the Office of Interconnection, prior to the inclusion of such adder (or prior to the expiration of a previously approved adder) in cost-based offers.