Marginal Pricing definition

Marginal Pricing means the processes related to the determination of the LMP.
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Marginal Pricing means as set forth in the Market Rules and Procedures.
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Examples of Marginal Pricing in a sentence

  • The ISO’s Interfaces represent a defined set of transmission facilities that separate Locational Based Marginal Pricing (LBMP) Load Zones within the New York Control Area and that separate the New York Control Area from adjacent Control Areas.

  • 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.

  • Short-Run Marginal Cost Pricing 2-7 Long-Run Marginal Pricing 2-9 Static vs.

  • Based upon the Day-Ahead commitment and updated Load forecasts and Generator schedules, BME will assess new Bids for the Locational Based Marginal Pricing (“LBMP”) Markets and requests for new Bilateral Transaction schedules for the Dispatch Hour to which the SCUC applies.

  • 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.

  • Figure 1.2.1 geographically depicts the NYCA interfaces and Locational Based Marginal Pricing (LBMP) load zones.

Related to 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.

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

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • 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.

  • Rates means any tax, duty or levy imposed on property by the Council;