Examples of NYISO Markets in a sentence
Owner shall configure the Project’s Distributed Control System to allow Owner to monitor real time operations (“Generation Management System”), as necessary to communicate with NYISO using telemetry conforming to NYISO requirements and qualifying for participation as a dispatchable resource in NYISO Markets.
Before the Interim Period, Owner shall be entitled to any and all NYISO Markets revenue and any and all costs in connection with the Project.
O&R will accept bids exclusively for storage Projects connected to the transmission or distribution system that are capable of individual direct participation in the NYISO Markets.During the term of the Agreement, CECONY, on behalf of O&R, will have the sole right and responsibility to bid and schedule the storage asset into the NYISO Markets.
Offers must have a single exclusive NYISO Interconnection Point, can send/receive the electronic signals of CECONY (acting on its own and on behalf of O&R), and meet NYISO communications requirements to enable participation in NYISO Markets.
Winning Bidders must become NYISO Market Participants,13 provide all information and support necessary to successfully complete asset registration in the NYISO Markets, and comply with all NYISO and Federal Energy Regulatory Commission (“FERC”) requirements.
Winning Bidders will be required to enter into an Agreement with CECONY for a term of up to seven years.12 Throughout the Agreement term, CECONY will be assigned the sole right and responsibility to bid and schedule the storage asset into NYISO Markets.
Bidders will also be responsible for all activities and costs associated with NYISO and/or CECONY communications requirements to enable participation in NYISO Markets.
Winning Bidders must also provide the necessary staffing, communications, metering and telemetry required to participate in the NYISO Markets for Products as defined in the Agreement.14 Winning Bidders will retain ownership of the energy storage Project and will be required to maintain the system in a manner that meets or exceeds requirements specified in the Agreement.
O&R has identified these Preferred Load Areas and will consider additional distribution and environmental benefits associated with resources located in those areas, if applicable, during the bid evaluation and selection process.As described in Section 2.1, all costs attributable to the Bidder prior to COD and throughout the Agreement period, and all value from participation in NYISO Markets and/or other revenue sources should be considered when formulating an Offer Price.
The Parties may engage an independent third party to estimate anticipated net revenue from sales from the Project in the NYISO Markets.