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 resulting from
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.
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Related to Net Benefits Test

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • 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.