Incremental Auction Sample Clauses

Incremental Auction. Incremental Auction shall mean the First Incremental Auction, the Second Incremental Auction, the Third Incremental Auction, or the Conditional Incremental Auction, each as defined in Attachment DD to the PJM Tariff.
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Incremental Auction. Revenue Rights (IARRs) are ARRs made available by physical transmission system upgrades from customer funded transmission projects or from merchant transmission or generation interconnection requests. In order for a transmission project to generate IARRs, the project must create simultaneously feasible incremental market flow capability in PJM’s ARR market model, over and above all system capability being used by existing allocated ARRs and/or would be used by granting any prorated outstanding ARR requests, in the ARR market model.17 There are three approaches to the creation and assigning of IARRs: IARRs can be requested by customers, which requires the customer to build sufficient transmission to support the request; IARRs can be the granted as a result of customer transmission projects such as merchant transmission or generation interconnection projects; and IARRs can be the result of RTEP upgrades. In each case, the customer(s) paying for the upgrades are allocated the IARR that are created. The direct customer request approach for creating and allocating IARR should be eliminated from PJM’s tariff. Given the current allocation of existing ARRs relative to system capability, the upgrades needed to produce any quantity of IARR under this approach are prohibitively expensive and impractical. The PJM process is not sufficiently transparent for a potential customer to make a rational decision about a potential IARR project. Much of the information required to determine whether a particular IARR project is economically viable is confidential and proprietary to incumbent transmission 17 See PJM Incremental Auction Revenue Rights Model Development and Analysis, PJM June 12, 2017. <xxxxx://xxx.xxx.xxx/~/media/markets-ops/ftr/pjm-iarr-model-development-and- analysis.ashx>. companies including the nature and cost of any required upgrades. IARRs are appropriately allocated to customers that have been assigned cost responsibility for certain upgrades included in the PJM’s Regional Transmission Expansion Plan (RTEP). These customers as defined in Schedule 12 of the Tariff are network service customers and/or merchant transmission facility owners that are assigned the cost responsibility for upgrades included in the PJM RTEP. PJM calculates IARRs for each regionally assigned facility and allocates the IARRs, if any are created by the upgrade, to eligible customers based on their percentage of cost responsibility. The customers may choose to decline the IARR allocati...
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Related to Incremental Auction

  • Longevity Increment All unit members who have completed the required years of District service, as defined below, shall be eligible to receive a longevity increment.

  • Pricing Increase Requests Subsequent to the first twelve (12) months of the Contract term and in accordance with the schedule for price adjustments established by OGS, Contractor may request an increase in the pricing contained in the Centralized Contract by submitting an update request based on change in pricing level as contained in Appendix C, Contract Modification Procedure to the OGS Contract Administrator. With any price increase request, in addition to the requirements contained in Appendix C, the Contractor must certify in writing that the price change for the Services is the same as its pricing in its GSA Supply Schedule, and that Contractor documents the request to the satisfaction of the State.

  • Periodic Increases Periodic increases are provided as follows:

  • Increment Date (a) Full-time Employees shall be eligible for increments annually from their date of employment.

  • Billing Increments Unless otherwise stated in a Service Order, usage-based charges will be billed on either a per-minute or per- message basis. Service calls invoiced on a per-minute basis will have an initial minimum call duration of one (1) minute, subsequent intervals of one (1) minute each, and will be billed by rounding to the next whole minute.

  • Longevity Increments 11.6.1 Each regular classified employee shall receive a two-range increase (5%) upon completion of five (5) years of satisfactory and continuous service. This increase will become effective at the beginning of the sixth year.

  • Anniversary Increments Employees shall advance on the wage grid on their anniversary date in the classification.

  • EXTENSION OF USE COMMITMENT The Contractor agrees to honor all orders from State Agencies, political subdivisions and others authorized by law (see Section 25 Extension of Use) which are in compliance with the pricing, terms, and conditions set forth in the Contract. Any unilateral limitations/restrictions imposed by the Contractor on eligible Authorized Users will be grounds for cancellation of the Contract.

  • FUNDING INCREASE 1. The Commonwealth shall notify the Grantee in writing of any funding increases under this Agreement.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

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