Examples of Synchronized Reserve in a sentence
The total Synchronized Reserve Obligations of all Load Serving Entities under section 3.2.3A(a) in the zone where these condensers are located shall be reduced by the amount counted as satisfying the PJM Synchronized Reserve requirements.
To the extent a condenser operated to provide Reactive Services was not also providing Synchronized Reserve, the Market Seller shall be credited only for the generating unit’s cost to condense, as described in (ii) above.
The price of the offer shall not exceed the variable operating and maintenance costs for providing Synchronized Reserve plus seven dollars and fifty cents.
The Synchronized Reserve Obligation of each Load Serving Entity in the zone under section 3.2.3A(a) shall be reduced to the same extent that the costs of such condensers counted as Synchronized Reserve are allocated to such Load Serving Entity pursuant to subsection (l) below.
The amount of Synchronized Reserve provided by a generation unit shall serve to redefine the Normal Maximum Generation energy limit of that generation unit in that the amount of Synchronized Reserve provided shall be subtracted from its Normal Maximum Generation energy limit.
During such hours, Tier 1 Synchronized Reserve resources shall be compensated at the Synchronized Reserve Market Clearing Price for the applicable Reserve Zone or Reserve Sub-zone for the lesser of the amount of Tier 1 Synchronized Reserve attributed to the resource as calculated by the Office of the Interconnection, or the actual amount of Tier 1 Synchronized Reserve provided should a Synchronized Reserve Event occur in a Real-time Settlement Interval.
At the end of each Operating Day, Market Sellers shall be credited on the basis of their offered prices for synchronous condensing for purposes other than providing Synchronized Reserve or Reactive Services, as well as the credits calculated as specified in Section 3.2.3(b) for those generators committed solely for the purpose of providing synchronous condensing for purposes other than providing Synchronized Reserve or Reactive Services, at the request of the Office of the Interconnection.
The Office of the Interconnection will also review this analysis to determine whether any changes to the Synchronized Reserve Penalty Factors are warranted for subsequent Delivery Year(s).
A Market Participant with an hourly Synchronized Reserve Obligation shall be charged the pro rata share of the sum of the quantity of Synchronized Reserves provided in each Real-time Settlement Interval times the clearing price for all Real-time Settlement Intervals in the hour associated with that obligation.
Each 5-minute clearing price shall be calculated as the marginal cost of serving the next increment of demand for Synchronized Reserve in each Reserve Zone or Reserve Sub-zone, inclusive of Synchronized Reserve offer prices and opportunity costs.