PRD Reservation Price definition

PRD Reservation Price means an RPM Auction clearing price identified in a PRD Plan for Price Responsive Demand load below which the PRD Provider desires not to commit the identified load as Price Responsive Demand.
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Examples of PRD Reservation Price in a sentence

  • PRD Reservation Price shall have the meaning provided in the Reliability Assurance Agreement.

  • After conducting the Reliability Pricing Model Auctions, PJM will post the results of each auction as soon thereafter as possible, including any adjustments to PJM Region or LDA Reliability Requirements to reflect Price Responsive Demand with a PRD Reservation Price equal to or less than the applicable Base Residual Auction clearing price.

  • Approval of the PRD Plan by the Office of the Interconnection shall establish a firm commitment by the PRD Provider to the specified Nominal PRD Value of Price Responsive Demand at each Zone (or sub-Zonal LDA, if applicable) during the relevant Delivery Year (subject to any PRD Reservation Price), and may not be uncommitted or replaced by any Capacity Resource.

  • Based on information provided by the PRD Provider in a PRD Plan (and, to the extent such plan identifies a PRD Reservation Price, based on the clearing price in the Base Residual Auction or Third Incremental Auction, as applicable), the Office of the Interconnection shall determine the Nominal PRD Value for the specified loads identified by such PRD Provider by Zone (or sub- Zonal LDA, if applicable).

  • PRD Reservation Price PRD Reservation Price shall have the meaning provided in the Reliability Assurance Agreement.

  • The Office of the Interconnection shall revise such requests (as adjusted, to the extent a PRD Reservation Price is specified, for the results of the Third Incremental Auction) for additional Price Responsive Demand downward, in accordance with rules in the PJM Manuals, if the submitted requests (as adjusted) in the aggregate exceed the increase in the load forecast in the LDA modeled.

  • Based on information provided by the PRD Provider in a PRD Plan (and, to the extent such plan identifies a PRD Reservation Price, based on the clearing price in the Base Residual Auction or Third Incremental Auction, as applicable), the Office of the Interconnection shall determine the Nominal PRD Value for the specified loads identified by such PRD Provider by Zone (or sub-Zonal LDA, if applicable).

  • The Office of theInterconnection shall revise such requests (as adjusted, to the extent a PRD Reservation Price is specified, for the results of the Third Incremental Auction) for additional Price Responsive Demand downward, in accordance with rules in the PJM Manuals, if the submitted requests (as adjusted) in the aggregate exceed the increase in the load forecast in the LDA modeled.

  • PRD Reservation Price shall mean an RPM Auction clearing price identified in a PRD Plan for Price Responsive Demand load below which the PRD Provider desires not to commit the identified load as Price Responsive Demand.

  • Bose October 31, 2019 Page 3 by reducing the amount of supply procured in the capacity market (the Reliability Pricing Model or “RPM”).7 Specifically, PJM shifts the RPM demand curve – the Variable Resource Requirement curve – based on the PRD Reservation Price so that less capacity is procured based upon the amount of MWs committed in PRD Plans.

Related to PRD Reservation Price

  • Landlord Reserve means, as to each location at which a Borrower has Inventory or books and records located and as to which a Collateral Access Agreement has not been received by Agent, a reserve in an amount equal to the greater of (a) the number of months' rent for which the landlord will have, under applicable law, a Lien in the Inventory of such Borrower to secure the payment of rent or other amounts under the lease relative to such location, or (b) 3 months' rent under the lease relative to such location.

  • Congestion Price means the congestion component of the Locational Marginal Price, which is the effect on transmission congestion costs (whether positive or negative) associated with increasing the output of a generation resource or decreasing the consumption by a Demand Resource, based on the effect of increased generation from or consumption by the resource on transmission line loadings, calculated as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • road reserve means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Day-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Stored value means monetary value that is evidenced by an electronic record.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.