Primary Reserve Requirement definition

Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.
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Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for
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Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals. The requirement can be satisfied by any combination of Synchronized Reserve or Non-Synchronized Reserve resources.
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Examples of Primary Reserve Requirement in a sentence

  • RGH Contributions shall be equal to fifty percent (50%) of the Primary Reserve Requirement or any portion thereof in excess of the reported Primary Reserve balance.

  • We keep the sets of keys and corresponding texts the same across the tech- nologies setups; hence, the simulated power values vary only due to the underlying technology.

  • For Synchronized Reserve, the current provision describes the price as “the sum of the Reserve Penalty Factors for the Primary Reserve Requirement and the Synchronized Reserve Requirement for that Reserve Zone or Reserve Sub-zone.”74 This language equates to the current price cap for Synchronized Reserve.

  • On the Effective Date, RGH shall contribute funds in the amount of $2,537,000 to the Primary Reserve in satisfaction of RGH's obligations with respect to the initial Primary Reserve Requirement.

  • PJM proposes to revise this price to be the “sum of the Reserve Penalty Factors for the 30-minute Reserve Requirement and the Primary Reserve Requirement for each Reserve Zone or Reserve Sub-zone to which it can contribute.”77 This language equates to the highest possible price for Non-Synchronized Reserve if there were no price cap.

  • Similarly, for Non-Synchronized Reserve, the current provision describes the price as “the Reserve Penalty Factor for the Primary Reserve Requirement for that Reserve Zone or Reserve Sub-zone.”76 This language equates to the current price cap forNon-Synchronized Reserve.

  • On the contrary, under PJM’s proposal,Non-Synchronized Reserve will continue to help meet the Primary Reserve Requirement while also helping to meet the new 30-minute Reserve Requirement.

  • Thereafter, if, on any Distribution Date, the reported Primary Reserve Requirement exceeds the reported Primary Reserve balance, Reorganized RFSC shall deposit into the Primary Reserve the RGH Contributions in the amounts necessary to satisfy RGH's obligations with respect to the Primary Reserve Requirement.

  • On the Effective Date, Reorganized RFSC shall borrow funds from RGH in the aggregate principal amount of $2,537,000 in connection with the RGH Term Loan, to be deposited into the Primary Reserve in satisfaction of Reorganized RFSC's obligations with respect to the initial Primary Reserve Requirement.

  • PJM states that, because of its greater reliability value, Non-Synchronized Reserve can substitute for Secondary Reserve in meeting the 30-minute Reserve Requirement, but Secondary Reserve cannot substitute for Non-Synchronized Reserve in meeting the Primary Reserve Requirement.


More Definitions of Primary Reserve Requirement

Primary Reserve Requirement means the demand for Primary Reserves in a Reserve Zone or Reserve Sub-zone, as defined by the Operating Reserve Demand Curve for Primary Reserve. The requirement can be satisfied by any combination of Synchronized Reserve or Non- Synchronized Reserve resources.
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Primary Reserve Requirement means the megawatts required to be maintained in a
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Related to Primary Reserve Requirement

  • Reserve Requirement means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on Eurocurrency liabilities.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.