Net Benefits Test definition

Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.
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Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads
Sample 1Sample 2
Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement,
Sample 1Sample 2Sample 3

Examples of Net Benefits Test in a sentence

  • The Net Benefits Test shall establish the threshold price below which the dispatch of Energy from Demand Side Resources is not cost-effective.

  • Demand Reduction Bids from Demand Reduction Providers that are not accepted in the Day-Ahead Market shall expire at the close of the Day-Ahead Market.The ISO shall perform the Net Benefits Test and post on its web site the Monthly Net Benefit Offer Floor for each month by the 15th of the preceding month in accordance with ISO Procedures.

  • The ISO shall perform the Net Benefits Test and post on its web site the Monthly Net Benefit Offer Floor for each month by the 15th of the preceding month in accordance with ISO Procedures.

  • With the sole exception of the requirement for hourly metering as set forth in Section 1.5A.4 of this Schedule, non-hourly metered customers that qualify as Economic Load Response Participants pursuant to this section 1.5A.7 shall be subject to the rules and procedures for participation by Economic Load Response Participants in the PJM Interchange Energy Market, including, without limitation, the Net Benefits Test and the requirement for dispatch by the Office of the Interconnection.

  • With the sole exception of the requirement for hourly metering as set forth in section 1.5A.4 above, non-hourly metered customers that qualify as Economic Load Response Participants pursuant to this section 1.5A.7 shall be subject to the rules and procedures for participation by Economic Load Response Participants in the PJM Interchange Energy Market, including, without limitation, the Net Benefits Test and the requirement for dispatch by the Office of the Interconnection.

  • Following the posting of the Monthly Net Benefit Offer Floor, the ISO shall monitor the gas prices utilized in the Net Benefits Test and recalculate the Monthly Net Benefit Offer Floor in the event that such prices vary by more than $0.75/mmBTU, as measured on the last gas trading day that is no less than 4 business days prior to the first day of the Study Month.

  • Economic Load Response Participants shall be compensated pursuant to sections 3.3A.5 and/or 3.3A.6 of this Schedule, for demand reduction offers submitted in the Day-Ahead Energy Market or Real-time Energy Market that satisfy the Net Benefits Test of section 3.3A.4; that are scheduled by the Office of the Interconnection; and that follow the dispatch instructions of the Office of the Interconnection.

  • Generation ISO Independent System Operator LMP Locational Marginal Price LSE Load Serving Entity MRTU Market Redesign and Technology Upgrade NAPP North America Power Partners NBT Net Benefits Test PDR Proxy Demand Resource PG&E Pacific Gas and Electric Company R.

  • If the resource were to offer every day at a flat amount in every hour, it would be paid only when its offer meets the Net Benefits Test, which is consistent with the way DRR works currently.

  • Appendix A 42 Options for Implementing a Dynamic Net Benefits Test Based on the Billing Unit Effect4 Prepared by Scott Harvey5 September 5, 2012 I.


More Definitions of Net Benefits Test

Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.
Sample 1Sample 2Sample 3

Related to Net Benefits Test

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Societal benefits charge means a charge imposed by an electric

  • Termination Benefit means the benefit set forth in Article 7.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.