Penalty Factor definition

Penalty Factor means the factor which is multiplied by the New or Existing PRU to impose a penalty (or reduction) upon the PRU Deliverability.
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Penalty Factor means, to the extent available and able to be practicably calculated and implemented, the incremental transmission loss factor applied to the Incremental Cost of a Resource to reflect the cost of the Resource at CECo’s load center or other common reference point. The Penalty Factor shall be determined in accordance with RCP Procedure 1.
Sample 1

Examples of Penalty Factor in a sentence

  • The Forecast Energy Requirement Price shall be based upon the Forecast Energy Requirement Penalty Factor specified by Section III.2.6.2(d) when any one or some combination of the following occurs: The Day-Ahead Market does not clear sufficient energy and Day-Ahead Energy Imbalance Reserve to satisfy the Forecast Energy Requirement Demand Quantity.

  • The Day-Ahead Market scheduling pursuant to Section III.1.10.8(a), and the Day-Ahead Prices specified in Section III.2.6, shall respect the Forecast Energy Requirement Penalty Factor applicable to the Forecast Energy Requirement Demand Quantity.

  • The Forecast Energy Requirement Penalty Factor shall be set at $2,575/MWh. III.2.7 Reliability Regions, Load Zones, Reserve Zones, Zonal Prices and External Nodes.

  • The Penalty Factor is defined within PCC 30.01.140.D.2. and PCC 30.01.160.D. S.

  • The IMM states that PJM’s arguments do not support its claim that the value of the Reserve Penalty Factors must be at least $2,000 per MWh.249 The IMM explains that the short-run marginal cost of generation rarely exceeds the current $850/MWh Reserve Penalty Factor.

  • Indicated Generators assert that the increased Reserve Constraint Penalty Factors coupled with Peak Energy Rent deduction will incent generators to clear in the real-time market, rather than the day-ahead market, in order to benefit from the increased Reserve Constraint Penalty Factor.

  • Although PJM is not aware of a similar situation elsewhere within the PJM Region, PJM recognizes that a more generic revision to the rules addressing the application of the Transmission Constraint Penalty Factor in the form of a circuit breaker may be appropriate.To that end, PJM expects to employ the stakeholder process in considering alternative modifications to the Transmission Constraint Penalty Factor rules.

  • The IMM states that the maximum offer price, which is designed to be greater than the Reserve Penalty Factor, is an artificial price to permit PJM to implement a crude form of scarcity pricing.250 The IMM states that PJM should eliminate the maximum offer price and modify the treatment of load management in defining a shortage.

  • In support of this claim, PJM cites Mr. Keech, who attests that the proposed Reserve Penalty Factor is not based on an estimated value of lost load because the existence of PJM’s capacity market undermines the usefulness of setting the Reserve Penalty Factor in PJM at an estimated value of lost load.225 PJM also cites to the ORDC Report authored by PJM affiants Dr. William W.

  • We similarly disagree with AEP that PJM’s proposed Reserve Penalty Factor of$2,000/MWh is excessive and inconsistent with energy market rules.

Related to Penalty Factor

  • Reserve Penalty Factor means the cost, in $/MWh, associated with being unable to meet a specific reserve requirement in a Reserve Zone or Reserve Sub-zone. A Reserve Penalty Factor will be defined for each reserve requirement in a Reserve Zone or Reserve Sub-zone.

  • Capacity factor means the ratio of the average load on a machine or equipment for the period of time considered to the capacity rating of the machine or equipment.

  • S&P Volatility Factor means 277% or such other potential dividend rate increase factor as S&P advises the Corporation in writing is applicable.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Class Factor As to any date of determination and any Combinable Class, the then current Class Factor for the Related REMIC Class. As to any date of determination and any RCR Class, a fraction the numerator of which is the sum of the then current Class Balances of

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Quality factor (Q) means the modifying factor, listed in Tables I and II of 38.4(4), that is used to derive dose equivalent from absorbed dose.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

  • Loss Factor means the scaling factor determined in accordance with clause 7 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Note Factor means, with respect to the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such Class of Notes, as applicable, as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of the Notes or such Class of Notes, as applicable.

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Preferred Shares.

  • Sustainability Factors means environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.

  • Rating Agency Discount Factor means the Fitch Discount Factor (if Fitch is then rating Preferred Shares) or an Other Rating Agency Discount Factor, whichever is applicable.

  • Stress Factor means 2.25.

  • Overcollateralization Target Amount means 0.85% of the Adjusted Pool Balance as of the Cutoff Date.

  • Required Accumulation Factor Number shall be equal to a fraction, rounded upwards to the nearest whole number, the numerator of which is one and the denominator of which is equal to the lowest monthly principal payment rate on the Accounts, expressed as a decimal, for the three months preceding the date of such calculation.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Power Factor means the ratio of usage power measured in kW to total power measured in kVA;

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • Certificate Factor With respect to any Class of Regular Certificates as of any Distribution Date, a fraction, expressed as a decimal carried to six places, the numerator of which is the aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates on such Distribution Date (after giving effect to any distributions of principal and allocations of Realized Losses in reduction of the Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates to be made on such Distribution Date), and the denominator of which is the initial aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates as of the Closing Date.

  • REMIC 2 Overcollateralization Target Amount 1.00% of the Overcollateralization Target Amount.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.