Real-time Prices definition

Real-time Prices means the Locational Marginal Prices resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

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Real-time Prices means the Locational Marginal Prices resulting from the ISO’s dispatch of the New England Markets in the Operating Day.

Real-time Prices means the Locational Marginal Prices resulting from the ISO’s dispatch of the NEPOOL Market in the Operating Day.

Examples of Real-time Prices in a sentence

• External Market Buyers shall be charged or credited at either the Day-ahead Prices or Real-time Prices, whichever is applicable, for energy at the foregoing load bus or busses.

• Units that must be run for local area protection shall not be considered in the calculation of Real-time Prices.

• The prices produced at five-minute intervals during an hour will be integrated to determine the Real-time Prices for that hour.

• The prices produced at five- minute intervals during an hour will be integrated to determine the Real-time Prices for that hour.

• Adjustments to Day-ahead Energy Markets shall be settled at the applicable Real-time Prices, and shall not affect the obligation to pay or receive payment for the quantities of energy scheduled in the Day- ahead Energy market at the applicable Day-ahead Prices.

• Real-time Prices" shall mean the Locational Marginal Prices resulting from the Office of the Interconnection's dispatch of the PJM Interchange Energy Market in the Operating Day.

• Adjustments to Day-ahead Energy Markets shall be settled at the applicable Real-time Prices, and shall not affect the obligation to pay or receive payment for the quantities of energy scheduled in the Day-ahead Energy market at the applicable Day-ahead Prices.

• Because of practical generator response limitations, a resource whose megawatt output is not ten percent more than the megawatt level specified on the offer price curve for the applicable Dispatch Rate shall be deemed to be following economic dispatch instructions, but the energy price offer used in the calculation of Real-time Prices shall not exceed the applicable Dispatch Rate.

• The total load charge for each Market Buyer shall be the sum, for each of a Market Buyer's load buses, of the charges at Day-ahead Prices determined in accordance with the Day-ahead Energy Market as specified in Section 1.10.1a plus the charges at Real-time Prices determined as specified herein, net of any credits specified herein for each of the Market Buyer's load buses.

More Definitions of Real-time Prices

Real-time Prices means the Locational Marginal Prices resulting from the ISO’s dispatch of the New England Markets in the Operating Day. Real-Time Reserve Charge is a Market Participant’s share of applicable system and Reserve Zone Real- Time Operating Reserve costs attributable to meeting the Real-Time Operating Reserve requirement as calculated in accordance with Section III.10 of Market Rule 1. Real-Time Reserve Clearing Price is the Real-Time TMSR, TMNSR or TMOR clearing price, as applicable, for the system and each Reserve Zone that is calculated in accordance with Section III.2.7A of Market Rule 1. Real-Time Reserve Credit is a Market Participant’s compensation associated with that Market Participant’s Resources’ Reserve Quantity For Settlement as calculated in accordance with Section III.10 of Market Rule 1. Real-Time Reserve Designation is the amount, in MW, of Operating Reserve designated to a Resource in Real-Time by the ISO as described in Section III.1.7.19 of Market Rule 1. Real-Time Reserve Opportunity Cost is defined in Section III.2.7A(b) of Market Rule 1. Real-Time Synchronous Condensing NCPC Credit is an NCPC Credit calculated pursuant to Appendix F to Market Rule 1. Real-Time System Adjusted Net Interchange means, for each hour, the sum of Real-Time Locational Adjusted Net Interchange for a Market Participant over all Locations, in kilowatts. Receiving Party is the entity receiving the capacity and/or energy transmitted to Point(s) of Delivery under the OATT. Reference Level is defined in Section III.A.5.7 of Appendix A of Market Rule 1. Regional Benefit Upgrade(s) (RBU) means a Transmission Upgrade that: (i) is rated 115kV or above;

Real-time Prices means the Locational Marginal Prices resulting from the Office of the Interconnection's dispatch of the PJM Interchange Energy Market in the Operating Day.