No-load Cost definition

No-load Cost means the hourly cost required to create the starting point of a monotonically increasing incremental offer curve for a generating unit.
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No-load Cost means the hourly cost required to theoretically operate a synchronized unit at zero MW. It consists primarily of the cost of fuel, as determined by the unit’s no load heat (adjusted by the performance factor) times the fuel cost. It also includes operating costs, Maintenance Adders, and emissions allowances.
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No-load Cost means the hourly cost required to create the starting point of a
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Examples of No-load Cost in a sentence

  • As PJM explained in its Initial Filing, to implement fast-start pricing, PJM will first perform the dispatch run, and then perform the pricing run, where the Integer Relaxation is to be applied.22 Under this approach, a Composite Energy Offer is not modelled in the market clearing optimization but rather each component (i.e., Incremental Energy Offer, Start-Up Cost, and No-load Cost) is separately modelled.

  • Based on the foregoing, PJM proposes to amend the existing definition, as shown in blackline below, which more clearly defines the costs that can be included by Market Sellers in developing the No-load Cost.

  • Accordingly, for example, if the Start-Up Cost fails the reasonability test, but the No-load Cost passes, then the Start-Up Cost will be excluded and the Composite Energy Offer will be composed of the Incremental Energy Offer and the No-load Cost.

  • Rather, if the submitted costs fail a reasonability test, PJM will adjust the submitted Start-Up Cost or No-load Cost such that the Composite Energy Offer does not fall below $1,000/MWh. While explained in detail below, the mechanics of this approach broadly are as follows.

  • The August 16th Filing proposes cost-based definitions for Start-up Cost and No-load Cost, which would restrict them from the inclusion of markup over short run marginal cost.


More Definitions of No-load Cost

No-load Cost means the hourly cost required to theoretically operate a synchronized unit at zero MW. It consists primarily of the cost of fuel, as determined by the unit’s no load heat
Sample 1Sample 2
No-load Cost means the hourly cost required to theoretically
Sample 1
No-load Cost means the hourly cost required to theoretically operate a synchronized unit
Sample 1

Related to No-load Cost

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market Seller’s cost-based offer(s) for a generation resource.

  • Building Contractor means the building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.