Examples of Minimum Extended Summer Resource Requirement in a sentence
If PJM seeks to release prior committed capacity due to a triggering of the test in subsection (iii) then PJM may not release prior committed capacity from Annual Resources or Extended Summer Demand Resources below the updated Minimum Annual Resource Requirement and updated Minimum Extended Summer Resource Requirement, respectively.
Effective for the 2014/2015 through 2016/2017 Delivery Years, a Minimum Annual and a Minimum Extended Summer Resource Requirement are established for each modeled LDA.
PJM’s auction clearing mechanism will also result in a higher price for Extended Summer Resources if the MW of Extended Summer Resources that would otherwise clear the auction are less than the Minimum Extended Summer Resource Requirement that PJM requires for reliability.
In that case the auction clearing mechanism will select Extended Summer Resources that are more expensive than the clearing price that would otherwise result in order to procure the defined Minimum Extended Summer Resource Requirement.
Under the old rule, in the case where either the Minimum Annual Resource Requirement or Minimum Extended Summer Resource Requirement were binding, the maximum amount of Limited DR would be procured in the Base Residual Auction, leaving none to be procured in Incremental Auctions for the relevant delivery year.
Prior to the Base Residual Auction and each Incremental Auction for the Delivery Years starting on June 1, 2014 and ending May 31, 2017, the Office of the Interconnection shall establish the Minimum Annual Resource Requirement and the Minimum Extended Summer Resource Requirement for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under section 5.10(a) of this Attachment DD to establish a separate VRR Curve for such Delivery Year.
The shortages in meeting the Minimum Annual Resource Requirement and the Minimum Extended Summer Resource Requirement associated with the FRR Entity’s capacity obligation are calculated separately.
Again, PJM proposed a similar rule for Extended Summer Resources, allowing them to price-separate from Limited DR as needed to meet the minimum requirement for the sum of Extended Summer DR and Annual Resources (i.e., the Minimum Extended Summer Resource Requirement).
PJM filing initiating FERC Docket No. ER13-486-000 (November 30, 2012).The Minimum Extended Summer Resource Requirement is the minimum amount of capacity that PJM will seek to procure from Annual Resources and Extended Summer DR.
Along with the short-term resource procurement target, the Limited and Extended Summer DR Targets will be subtracted from the PJM reliability requirement to establish the Minimum Extended Summer Resource Requirement and Minimum Annual Resource Requirement, respectively, that PJM will seek to procure in the RPM auctions.