Examples of Program Option in a sentence
The special membership provisions shall not apply to program participants in the Full Program Option.
Full Program Option participants that fail to provide a load reduction (as measured as set forth in the Reporting and Compliance provisions below) when dispatched by PJM shall be assessed penalties and/or charges as specified in Attachment DD of the PJM Tariff and the Reliability Assurance Agreement, as applicable.
Capacity Only resources are Full Program Option resources that do not receive an energy payment for load reductions during an emergency event.
Following PJM’s request to reduce load, (i) participants in the Energy Only Option voluntarily may reduce load; and (ii) participants in the Full Program Option are required to reduce load unless they already have reduced load pursuant to the Economic Load Response Program.
The Minimum Dispatch Price of a Full Program Option participant that reduces load may set the real time Locational Marginal Price (“LMP”) provided that the participant’s load reductions are needed to meet demand in the PJM Region.
Certain aggregations of End-Use Customers registered as Full Program Option or Capacity Only Option are subject to the “Demand Response Transition Provision for RPM Delivery Years 2012/2013, 2013/2014, and 2014/2015” in Section 5.14A of Attachment DD of the Tariff.
The magnitude of capacity relief provided by Full Program Option participants shall be the amount determined in accordance with the Reporting and Compliance provisions below.
The magnitude of relief provided by Energy Only Option participants, and the magnitude of energy relief provided by Full Program Option participants, may be less than, equal to, or greater than the kW amount declared on the Emergency Registration Form.
Compensation will be provided for reductions in energy consumption during emergency events by Full Program Option participants and Energy Only Option participants regardless of whether the participant’s load during the event exceeds its peak load contribution for the applicable Delivery Year.
The magnitude of relief provided by Full Program Option participants shall be the amount PJM dispatches up to the kW amount declared on the Emergency Registration Form.