System Energy Price definition

System Energy Price means the energy component of the Locational Marginal Price, which is the price at which the Market Seller has offered to supply an additional increment of energy from a resource, calculated as specified in Operating Agreement, Schedule 1, section 2 and the parallel provisions of Tariff, Attachment K-Appendix, section 2.
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System Energy Price means the energy component of the Locational Marginal Price, which is the price at which the Market Seller has offered to supply an additional increment of energy from a resource, calculated as specified in Operating Agreement, Schedule 1, section 2 and the parallel provisions of Tariff, Attachment K-Appendix.
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System Energy Price means the energy component of the Locational Marginal Price, which is the price at which the Market Seller has offered to supply an additional increment of energy from a resource, calculated as specified in Section 2 of Schedule 1 of this Agreement.
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Examples of System Energy Price in a sentence

  • For each Day-ahead Settlement Interval during an Operating Day, the Office of the Interconnection shall calculate Spot Market Energy charges for each Market Participant as the difference between the sum of its Market Participant Energy Withdrawals scheduled times the Day-ahead System Energy Price and the sum of its Market Participant Energy Injections scheduled times the Day-ahead System Energy Price.

  • Each Market Participant shall be charged for all of its Market Participant Energy Withdrawals scheduled in the Day-ahead Energy Market at the Day-ahead System Energy Price to be served in the PJM Interchange Energy Market.

  • Each Market Participant shall be paid for all of its Market Participant Energy Injections scheduled in the Day-ahead Energy Market at the Day-ahead System Energy Price to be delivered to the PJM Interchange Energy Market.

  • The total charge shall be determined by the product of the hourly net amount of PJM Interchange Imports times the hourly Real-time System Energy Price for that Market Buyer.

  • Generating Market Buyers shall be paid for all energy scheduled to be delivered to the PJM Interchange Energy Market in the Day-ahead Energy Market at the Day-ahead System Energy Price.

  • Market Buyers shall be charged for all load (net of Behind The Meter Generation expected to be operating, but not to be less than zero) scheduled to be served from the PJM Interchange Energy Market in the Day-ahead Energy Market at the Day-ahead System Energy Price.

  • The LMP price will be the sum of three separate components: System Energy Price, Congestion Price and Loss Price.

  • The total payment shall be determined by the product of the hourly net amount of PJM Interchange Exports times the hourly Real-time System Energy Price for that Market Seller.

  • The amount of avoided energy associated with the LCS is valued at the appropriate PJM Locational Marginal Price (“LMP”).The LMP is the sum of three components expressed in dollars per megawatt-hour ($/MWh):• System Energy Price – the production cost of serving an additional increment of energy demand on the PJM system, not including congestion and transmission losses.

  • Market Participant shall be paid for all of its Market Participant Energy Injections scheduled in the Day-ahead Energy Market at the Day-ahead System Energy Price to be delivered to the PJM Interchange Energy Market.


More Definitions of System Energy Price

System Energy Price means the energy component of the Locational Marginal Price, which is the price at which the Market Seller has offered to supply an additional increment of energy from a resource, calculated as specified in Operating Agreement, Schedule 1, section 2 and the parallel provisions of Tariff, Attachment K-Appendix. account number. PJM shall only accept sub-meter load data from end-use customers for measurement and verification of Regulation service as set forth in the Economic Load Response rules and PJM Manuals. Switching and Tagging Rules: “Switching and Tagging Rules” shall mean the switching and tagging procedures of Interconnected Transmission Owners and Interconnection Customer as they may be amended from time to time.
Sample 1
System Energy Price means the energy component of the Locational Marginal Price, which is the price at which the Market Seller has offered to supply an additional increment of
Sample 1

Related to System Energy Price

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Useful thermal energy means, with regard to a cogeneration unit, thermal energy that is:

  • Market Participant Energy Injection means transactions in the Day-ahead Energy Market and Real-time Energy Market, including but not limited to Day-ahead generation schedules, real- time generation output, Increment Offers, internal bilateral transactions and import transactions, as further described in the PJM Manuals.

  • Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Renewable energy project means (A) a project

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

  • Building Energy Benchmarking means the process of measuring a building’s Energy use, tracking that use over time, and comparing performance to similar buildings.