Reliability pricing model definition

Reliability pricing model or "RPM" means PJM's capacity-

Reliability pricing model or "RPM" means PJM's capacity-market model, and its successors, that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through the output of electric generation facilities owned by those entities, or otherwise secured by those entities through bilateral contracts.

Reliability pricing model or “RPM” means PJM’s capacity-market model that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through the output of electric generation facilities owned by those entities or otherwise secured by those entities through bilateral contracts.

Examples of Reliability pricing model in a sentence

• The Office of the Interconnection may lengthen a proposal window that already is opened based on or more of the following criteria: (i) changes in assumptions or conditions relating to the underlying need for the project, such as load growth or Reliability Pricing Model auction results; (ii) availability of new or changed information regarding the nature of the violations and the facilities involved; and (iii) time remaining in the relevant proposal window.

• The Borough is able to reduce capacity payments under the PJM Reliability Pricing Model (RPM), by utilizing installed behind the meter generation or curtailable load as part of the PJM Interruptible Load for Reliability (ILR) program.

• A Market Seller seeking to submit a Sell Offer in any Reliability Pricing Model Auction based on any Capacity Resource for which there is a materially increased risk of non-performance must satisfy the credit requirement specified in section IV.B before submitting such Sell Offer.

• Under this new capacity pricing system, the PUC Ohio established a cost-based capacity price of $188.88 per MW-Day for the AEP Ohio service territory (the “Cost-Based Price”), but requires that AEP Ohio charge all competitive electricity suppliers, such as us under this Agreement, the applicable adjusted Reliability Pricing Model price released by the ISO (the “Retail Capacity Price”).

• For any resource specified in Section IV.A, the credit requirement shall be the RPM Auction Credit Rate, as provided in Section IV.D, times the megawatts to be offered for sale from such resource in a Reliability Pricing Model Auction.

• Settlement during any Delivery Year of cleared positions resulting or expected to result from any Reliability Pricing Model Auction shall be included as appropriate in Peak Market Activity, and the provisions of this Attachment Q shall apply to any such activity and obligations arising therefrom.

• Enrollment in the Program is contingent upon a successful registration with Program Administrator and Provider’s ability to secure sufficient Reliability Pricing Model Commitments for the applicable Program Period as well as offsetting seasonal enrollments to achieve capacity performance aggregations.

• The election of whether each Operating Company’s load and generation resources will participate in the Capacity Market of PJM through the Reliability Pricing Model auctions or through the Fixed Resource Requirement alternative, either collectively or individually, for any planning year is not governed by this Agreement.

• Specifically, the revisions added PJMSettlement as the counterparty to market participants and customers regarding transmission services, ancillary services transactions, purchases and sales in PJM’s energy markets, purchases and sales of capacity in the Reliability Pricing Model (“RPM”) auctions, purchases and sales of Financial Transmission Rights (“FTRs”) in auctions, and the contractual rights and obligations of holders of FTRs and Auction Revenue Rights (“ARRs”).

• When an Operating Company participates individually in the Reliability Pricing Model or the Fixed Resource Requirement alternative, Off-System Transactions of capacity related to a PJM Capacity Auction will be directly assigned to the specific Operating Company based on the results of such auctions.

More Definitions of Reliability pricing model

Reliability pricing model or “RPM” means PJM’s capacity-

Reliability pricing model or “RPM” means PJM’s capacity-market model that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through

Reliability pricing model. “RPM” means the mechanism established in the PJM Tariff for pricing capacity.

Reliability pricing model means PJM’s capacity market model that secures capacity on behalf of electric load serving entities to satisfy load obligations not satisfied through the output of electric generation facilities owned by those entities or otherwise secured by those entities through bilateral contracts.

Reliability pricing model or “RPM” shall have the meaning set forth in the PJM Agreements, or any successor Capacity market as may be employed in PJM (whether set forth in the PJM Agreements or elsewhere).

Reliability pricing model. RPM" means the mechanism established in the PJM Tariff for pricing capacity.