Examples of Short-Term Resource Procurement Target in a sentence
For any auction, the Updated Forecast Peak Load, and Short-Term Resource Procurement Target applicable to such auction, shall be used, and Price Responsive Demand from any applicable approved PRD Plan, including any associated PRD Reservation Prices, shall be reflected in the derivation of the Variable Resource Requirement Curves, in accordance with the methodology specified in the PJM Manuals.
The same process as set forth in subsection (a)(i) shall be used to establish the Variable Resource Requirement Curve for any such LDA, except that the Locational Deliverability Area Reliability Requirement for such LDA shall be substituted for the PJM Region Reliability Requirement and the LDA Short-Term Resource Procurement Target shall be substituted for the PJM Region Short-Term Resource Procurement Target.
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The same process as set forth in subsection (a)(i) shall be used to establish the Variable Resource Requirement Curve for any such LDA, except that the Locational Deliverability Area Reliability Requirement for such LDA shall be substituted for the PJM Region Reliability Requirement and, for Delivery Years through May 31, 2018, the LDA Short-Term Resource Procurement Target shall be substituted for the PJM Region Short-Term Resource Procurement Target.
If more than one of the tests for adjustment of capacity procurement in subsections (i), (ii), or (iii) is satisfied for the PJM Region or an LDA in a Scheduled Incremental Auction, the Office of the Interconnection shall not seek to procure the Short-Term Resource Procurement Target Applicable Share more than once for such region or area for such auction.
If none of the tests for adjustment of capacity procurement in subsections (i), (ii), or (iii) is satisfied for the PJM Region or an LDA in a Scheduled Incremental Auction, the Office of the Interconnection shall employ in the clearing of such auction for the region or such LDA a portion of the Updated VRR Curve Increment extending right from the left-most point on that curve in megawatt quantity equal to the Short-Term Resource Procurement Target Applicable Share.
It is recognized that the variable resource requirement reflected in the Variable Resource Requirement Curve can result in an optimized auction clearing in which the level of Capacity Resources committed for a Delivery Year exceeds the PJM Region Reliability Requirement (less the Short-Term Resource Procurement Target) or Locational Deliverability Area Reliability Requirement (less the Short-Term Resource Procurement Target for the Zones associated with such LDA) for such Delivery Year.
As an example of such reports, the MMU prepared a report that addresses and quantifies the impact on market outcomes in the Base Residual Auction (BRA) for the 2017/2018 Delivery Year of the Short-Term Resource Procurement Target (2.5 percent offset) and demand side resources both separately and together.
The prior rule required that the Short-Term Resource Procurement Target, or 2.5 percent holdback, be subtracted from all product types including Annual, Extended Summer and Limited DR.