Total Net Sell Position definition
Examples of Total Net Sell Position in a sentence
Total Net Sell Position is all unpaid billed Net Sell Positions plus any unbilled Net Sell Positions accrued to date, as determined by PJMSettlement on a daily basis.
If PJMSettlement’s forecast ever indicates that the Participant’s Total Net Sell Position may in the future be less than the Participant’s aggregate credit requirements, less any Financial Security or other sources of credit provided, then PJMSettlement may require Financial Security as needed to cover the difference.
For every participant receiving Seller Credit, PJMSettlement will maintain a forecast of the Participant’s Total Net Sell Position considering the Participant’s current Total Net Sell Position, recent trends in the Participant’s Total Net Sell Position, and other information available to PJMSettlement, such as, but not limited to, known generator outages, changes in load responsibility, and bilateral transactions impacting the Participant.
Each Participant receiving Seller Credit must maintain both its Seller Credit and its Total Net Sell Position equal to or greater than the Participant’s aggregate credit requirements, less any Financial Security or other sources of credit provided.