Nodal Market definition

Nodal Market means the implementation of wholesale market design by ERCOT with locational marginal pricing for resources.
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Nodal Market means the implementation of wholesale market design by ERCOT with locational marginal pricing for resources that is scheduled to occur in December 2008 or thereafter.
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Examples of Nodal Market in a sentence

  • For example, rescission would be justified upon ERCOT determining: the submitted data was inaccurate based on public filings or comparisons with substantially similar generators; a type of O&M cost submitted was a fixed cost (or a portion thereof); changed Nodal Market policies disallow or limit certain costs, accounting practices, or calculation methodologies; etc.

  • Verifiable Costs are a significant component in the Texas Nodal Market.

  • OVERVIEW 1.1 Introductory Information (1) This Manual details the rules and procedures pertaining to the Verifiable Cost Process in the Texas Nodal Market.

  • An Introduction to Verifiable CostsThis section of ERCOT’s Verifiable Cost Manual provides an introduction to Verifiable Costs and explains what they represent.Verifiable Costs are a significant component in the Texas Nodal Market.

  • Resources that are thus certified to provide Ancillary Services and that have a performance history determined in accordance with this Section, and that fail to meet the performance metrics described in this Section on the Texas Nodal Market Implementation Date, or thereafter, will be required to qualify in accordance with this Section before providing the Ancillary Service.

  • Prior to the Texas Nodal Market Implementation Date, a QSE and the Resources that it represents that are qualified to provide an Ancillary Service in accordance with an effective Protocol, are deemed to be qualified to provide Ancillary Services after the Texas Nodal Market Implementation Date, provided that the QSE and the Resource have been certified capable of providing an Ancillary Service by a responsible Market Participant, as determined by ERCOT.

  • The look-back period for DAM settled prices shall be the lesser of Nodal Market go-live to current time and current time minus three years.

  • ERCOT shall develop a TAC- and ERCOT Board-approved Ancillary Service monitoring program to evaluate the performance of QSEs and Resources providing Ancillary Services prior to the Texas Nodal Market Implementation Date.

  • This presentation provides a general overview of the Texas Nodal Market and is not intended to be a substitute for the ERCOT Protocols, as amended from time to time.

  • If the ERCOT CEO or his designee determines the NOGRR is not necessary prior to the Texas Nodal Market Implementation Date, any ERCOT Member, Market Participant, PUCT Staff, or ERCOT may appea l the decision directly to the ERCOT Board.

Related to Nodal Market

  • Individual market means the market for health insurance coverage offered to individuals other than

  • Stock Market means a market, or other place at which, or a facility by means of which—

  • Principal Market means the Nasdaq Capital Market.

  • NASDAQ means The Nasdaq Stock Market.

  • NYSE means the New York Stock Exchange.

  • OTC means Over-the-Counter.

  • Stock Exchange The Stock Exchange of Hong Kong Limited

  • Quotation means the offer letter and quotation provided separately to Customer.

  • Eligible Market means The New York Stock Exchange, the NYSE Amex, the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market or the Principal Market.

  • online marketplace means a service using software, including a website, part of a website or an application, operated by or on behalf of a trader which allows consumers to conclude distance contracts with other traders or consumers;