Synchronized Reserve Requirement definition

Synchronized Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Synchronized Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Synchronized Reserve Requirement is calculated in accordance with the PJM Manuals.
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Synchronized Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Synchronized Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Synchronized Reserve Requirement is calculated in accordance with the PJM Manuals. System Condition: A specified condition on the Transmission Provider’s system or on a neighboring system, such as a constrained transmission element or flowgate, that may trigger Curtailment of Long-Term Firm Point-to-Point Transmission Service using the curtailment priority pursuant to Section 13.6. Such conditions must be identified in the Transmission Customer’s Service Agreement.
Sample 1Sample 2Sample 3
Synchronized Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Synchronized Reserve, absent any increase to account for
Sample 1

Examples of Synchronized Reserve Requirement in a sentence

  • The Reserve Penalty Factor for the Synchronized Reserve Requirement shall be $850/MWh. The Reserve Penalty Factor for the Extended Primary Reserve Requirement shall be $300/MWh. By no later than April 30 of each year, the Office of the Interconnection will analyze Market Participants’ response to prices exceeding $1,000/MWh on an annual basis and will provide its analysis to PJM stakeholders.

  • When the Synchronized Reserve Requirement or Extended Synchronized Reserve Requirement in a Reserve Zone or Reserve Sub-zone cannot be met, the 5-minute clearing price shall be at least greater than or equal to the applicable Reserve Penalty Factor for the Reserve Zone or Reserve Sub-zone, but less than or equal to the sum of the Reserve Penalty Factors for the Synchronized Reserve Requirement and Primary Reserve Requirement for the Reserve Zone or Reserve Sub-zone.

  • When the Office of the Interconnection has implemented Emergency procedures, resources offering Emergency energy are eligible to set real-time Locational Marginal Prices, capped at the energy offer cap plus the sum of the applicable Reserve Penalty Factors for the Synchronized Reserve Requirement and Primary Reserve Requirement, provided that the Emergency energy is needed to meet demand in the PJM Region.

  • If the Office of the Interconnection has initiated in a Reserve Zone or Reserve Sub-zone either a Voltage Reduction Action as described in the PJM Manuals or a Manual Load Dump Action as described in the PJM Manuals, the 5-minute clearing price shall be the sum of the Reserve Penalty Factors for the Primary Reserve Requirement and the Synchronized Reserve Requirement for that Reserve Zone or Reserve Sub-zone.

  • The Reserve Penalty Factor for the Synchronized Reserve Requirement shall be $850/MWh. The Reserve Penalty Factor for the Extended Synchronized Reserve Requirement shall be $300/MWh. By no later than April 30 of each year, the Office of the Interconnection will analyze Market Participants’ response to prices exceeding $1,000/MWh on an annual basis and will provide its analysis to PJM stakeholders.

  • All three arbitrators shall be present at all hearings and participate in deliberations, but the decision of the majority of the arbitrators will be final and binding.

  • See “PJM Manual 11: Energy & Ancillary Services Market Operations,” § 4.2.2 Synchronized Reserve Requirement Determination, Rev.

  • See “PJM Manual 11: Energy u Ancillary Services Market Operations,” § 4.2.2 Synchronized Reserve Requirement Determination, Rev.

  • Our findings provide important implications for practitioners, regulators, and researchers interested in engagement quality review and in improving the overall quality of audit engagements.Keywords: engagement quality review; SEC enforcement actions; PCAOB disciplinary proceedings; due professional care; professional skepticism.

  • PJM “Manual 11: Energy & Ancillary Services Market Operations,” § 4.2.2 Synchronized Reserve Requirement Determination, Rev.

Related to Synchronized Reserve Requirement

  • Non-Synchronized Reserve Event means a request from the Office of the Interconnection to generation resources able and assigned to provide Non-Synchronized Reserve in one or more specified Reserve Zones or Reserve Sub-zones, within ten minutes to increase the energy output by the amount of assigned Non-Synchronized Reserve capability. Non-Variable Loads:

  • Non-Synchronized Reserve means the reserve capability of non-emergency generation resources that can be converted fully into energy within ten minutes of a request from the Office of the Interconnection dispatcher, and is provided by equipment that is not electrically synchronized to the Transmission System.

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

  • Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.