Second Incremental Auction definition

Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.
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Second Incremental Auction means an auction conducted pursuant to Section 5, to secure the commitment of Capacity Resources as necessary to satisfy an increase in the PJM Region Peak Load Forecast above that reflected in the Base Residual Auction.
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Second Incremental Auction means an Incremental Auction conducted ten months before
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Examples of Second Incremental Auction in a sentence

  • Incremental Auction shall mean the First Incremental Auction, the Second Incremental Auction, the Third Incremental Auction, or the Conditional Incremental Auction, each as defined in Attachment DD to the PJM Tariff.

  • If held, the Second Incremental Auction shall be conducted in the month of April that is thirteen months prior to the start of such Delivery Year.

  • The exhibits to this Agreement referenced above are an integral part of the agreement and understanding of the parties and are incorporated in this Agreement by reference.

  • For each Second Incremental Auction, the optimization algorithm shall consider: • The PJM Region Reliability Requirement, less the Forecast RTO ILR Obligation; • For each LDA, such LDA’s share of the Final RTO Peak Load Forecast less the Forecast RTO ILR Obligation; • The Sell Offers submitted in such auction; • The Unforced Capacity previously committed for such Delivery Year; and • the same Locational Deliverability Requirements that were modeled in the Base Residual Auction.

  • The Office of the Interconnection shall establish the Final PJM Region Peak Load Forecast for a Delivery Year in accordance with the PJM Manuals by February 28, prior to the conduct of the Second Incremental Auction for such Delivery Year.

  • PJM shall conduct for any Delivery Year a Second Incremental Auction if necessary to secure additional commitments of Capacity Resources to satisfy an increase in the Unforced Capacity Obligation of the PJM Region due to a load forecast increase.

  • The cost for any such Resource Make-Whole Payments required in a Base Residual Auction or Second Incremental Auction shall be collected pro rata from all LSEs in the LDA in which such payments were made, based on their Daily Unforced Capacity Obligations.

  • The First Incremental Auction shall be conducted in the month of September that is twenty months prior to the start of the Delivery Year; the Second Incremental Auction shall be conducted in the month of July that is ten months prior to the start of the Delivery Year; and the Third Incremental Auction shall be conducted in the month of February that is three months prior to the start of the Delivery Year.

  • A Second Incremental Auction is conducted for Delivery Years prior to the 2021/2022 Delivery Year but is not conducted for the 2021/2022 Delivery Year and all subsequent Delivery Years.

  • Such auction shall be conducted only if the Final RTO Unforced Capacity Obligation PJM Regional Reliability Requirement less the Forecast ILR Obligation, as calculated in accordance with the PJM Manuals immediately prior to the conduct of the Second Incremental Auction, is 100 megawatts or greater than the quantity of megawatts cleared in the Base Residual Auction for such Delivery Year.


More Definitions of Second Incremental Auction

Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates. A Second Incremental Auction is conducted for Delivery Years prior to the 2021/2022 Delivery Year but is not conducted for the 2021/2022 Delivery Year and all subsequent Delivery Years.
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Second Incremental Auction means, for Delivery Years through the 2016-2017 Delivery Year, an Incremental Auction conducted ten months before the Delivery Year to which it relates.
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Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates. Security: The security provided by the New Service Customer pursuant to Section 212.4 or Section 213.4 of the Tariff to secure the New Service Customer’s responsibility for Costs under the Interconnection Service Agreement or Upgrade Construction Service Agreement and Section 217 of the Tariff.
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Related to Second Incremental Auction

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;