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 Section 2 of Schedule 1 of this Agreement.
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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, section 2.
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Examples of System Energy Price in a sentence

  • 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.

  • 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.

  • Energy purchased from the Spot Market is charged at the System Energy Price for that hour.

  • PJM calculates a day-ahead and a real-time System Energy Price each hour for the entire PJM RTO, as specified in Section 2 of PJM Manual 11.

  • 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.

  • Tariff, Attachment K – Appendix, section 5.1 System Energy Price, Congestion Price, and Loss Price,14 the Transmission Constraint Penalty Factor affects LMPs by raising the value of the Congestion Price.

  • 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.

  • The Spot Market clears hourly at the appropriate day-ahead and real-time System Energy Price component of LMP.

  • Energy delivered to the Spot Market is compensated at the System Energy Price for that hour.


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
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 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” 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

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.

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

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

  • Solar energy system means a system of components that produces heat or electricity, or both, from

  • 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.

  • Energy efficiency means the ratio of output of performance, service, goods or energy, to input of energy;

  • 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.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.