Auction Revenue Rights Credits definition

Auction Revenue Rights Credits means the allocated share of total FTR auction revenues or costs credited to each holder of Auction Revenue Rights, calculated and allocated as specified in Operating Agreement, Schedule 1, section 7.4.3, and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.3.
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Auction Revenue Rights Credits means the allocated share of total FTR auction revenues or costs credited to each holder of Auction Revenue Rights, calculated and allocated as specified in Section 7.4.3 of this Schedule.
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Auction Revenue Rights Credits means the allocated share of total FTR auction revenues or costs credited to each holder of Auction Revenue Rights, calculated and allocated as specified in Operating Agreement, Schedule 1, section 7.4.3, and the parallel provisions of Tariff, Attachment K-Appendix. Authorized Government Agency:
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Examples of Auction Revenue Rights Credits in a sentence

  • The Employee may choose to remain anonymous when contacting the Ethics Hotline.

  • Auction Revenue Rights Credits will be calculated based upon the clearing price results of the applicable Annual Financial Transmission Rights auction.

  • Annual auction revenues, net of payments to entities selling Financial Transmission Rights into the auction, shall be allocated among holders of Auction Revenue Rights in proportion to the Target Allocation of Auction Revenue Rights Credits for the holder.

  • A Target Allocation of residual Auction Revenue Rights Credits for each entity allocated Residual Auction Revenue Rights pursuant to section 7.9 of Schedule 1 of this Agreement shall be determined on a monthly basis for each month in a Planning Period beginning with the month the Residual Auction Revenue Right(s) becomes effective through the end of the relevant Planning Period.

  • Auction Revenue Rights Credits: Revenue credits resulting from the annual financial transmission rights auction conducted by the ISO that are applicable with respect to transmission peak load contribution.

  • This price includes Energy Costs, Ancillary Services and Other ISO Costs, Auction Revenue Rights Credits, Capacity Costs, NITS Costs, Transmission Enhancement Costs, Transmission Loss Credits, Line Loss Costs, FERC Order 745 Costs, Balancing Congestion Costs, Transmission Reallocation Costs.

  • For a given month for which initial margin is calculated, the prorated value of any Auction Revenue Rights Credits held by a Market Participant with Financial Transmission Right Obligations shall be subtracted from the initial margin for that month.

  • In accordance with subsection 3 below, PJM may recalculate Auction Revenue Rights Credits at any time, but shall do so no less frequently than subsequent to each annual FTR auction.

  • The Target Allocation for Residual Auction Revenue Rights Credits shall be equal to megawatt amount of the Residual Auction Revenue Rights multiplied by the LMP differential between the source and sink nodes of the corresponding FTR obligation in each prompt-month FTR auction that occurs from the effective date of the Residual Auction Revenue Rights through the end of the relevant Planning Period.7.4.4 Calculation of Auction Revenue Right Credits.

  • Annual auction revenues, net of payments to entities selling Financial Transmission Rights into the auction, shall be allocated among holders of Auction Revenue Rights in proportion to, but not more than, the Target Allocation of Auction Revenue Rights Credits for the holder.


More Definitions of Auction Revenue Rights Credits

Auction Revenue Rights Credits means revenue credits resulting from the annual financial transmission rights auction conducted by the ISO that are applicable with respect to transmission peak load contribution. If Auction Revenue Rights Credits are “Passed Through”, such credits shall be reasonably calculated by us as the monthly product of the (i) total Auction Revenue Rights Credits expressed in dollars per planning year for the applicable zone, as published by the ISO; divided by (ii) the total Network Service Peak Load for such zone, as published by the ISO; divided by (iii) the number of days in the applicable planning year; multiplied by (iv) by an Account’s applicable Network Service Peak Load; multiplied by (v) the number of days in the billing period or such other reasonable calculation method applied by us.
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Auction Revenue Rights Credits means revenue credits resulting from the annual financial transmission rights auction conducted by the ISO that are awarded to us with respect to our customers’ transmission peak load contribution.
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Auction Revenue Rights Credits means revenue credits resulting from the annual financial transmission rights auction conducted by the ISO that are awarded to us with respect to our customers’ transmission peak load contribution. If Auction Revenue Rights Credits are “Passed Through”, such credits shall be calculated as the monthly product of the (i) total Auction Revenue Rights Credits expressed in dollars per planning year for the applicable zone, as published by the ISO; divided by (ii) the total Network Service Peak Load for such zone, as published by the ISO; divided by (iii) the number of days in the applicable planning year; multiplied by (iv) by your applicable Network Service Peak Load; multiplied by (v) the number of days in the billing period or such other reasonable calculation method applied by us. “Capacity Costs” means a charge for fulfilling the capacity requirements for the Account(s) imposed by the ISO or otherwise. Capacity Costs includes, but is not limited to, the cost for procuring Capacity Performance resources (as currently required and defined by the ISO) in accordance with the provisions of Federal Energy Regulatory Commission Order on Proposed Tariff Revisions (Docket No. ER15-623-000, et al, issued June 9, 2015).
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Auction Revenue Rights Credits means revenue credits resulting from the annual financial transmission rights auction conducted by the ISO that are awarded to us with respect to our customers’ transmission peak load contribution. If Auction Revenue Rights Credits are “Passed Through”, such credits shall be calculated as the monthly product of the (i) total Auction Revenue Rights Credits expressed in dollars per planning year for the applicable zone, as published by the ISO; divided by (ii) the total Network Service Peak Load for such zone, as published by the ISO; divided by (iii) the number of days in the applicable planning year; multiplied by (iv) by your applicable Network Service Peak Load; multiplied by (v) the number of days in the billing period or such other reasonable calculation method applied by us. “Capacity Costs” means a charge for fulfilling the capacity requirements for the Account(s) imposed by the ISO or otherwise.
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Related to Auction Revenue Rights Credits

  • Auction Revenue Rights or “ARRs” shall mean the right to receive the revenue from the Financial Transmission Right auction, as further described in Operating Agreement, Schedule 1, section 7.4, and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.

  • Residual Auction Revenue Rights means incremental stage 1 Auction Revenue Rights created within a Planning Period by an increase in transmission system capability, including the return to service of existing transmission capability, that was not modeled pursuant to Operating Agreement, Schedule 1, section 7.5 and the parallel provisions of Tariff, Attachment K- Appendix, section 7.5 in compliance with Operating Agreement, Schedule 1, section 7.4.2 (h) and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.2(h), and, if modeled, would have increased the amount of stage 1 Auction Revenue Rights allocated pursuant to Operating Agreement, Schedule 1, section 7.4.2 and the parallel provisions of Tariff, Attachment K-Appendix, section 7.4.2; provided that, the foregoing notwithstanding, Residual Auction Revenue Rights shall exclude: 1) Incremental Auction Revenue Rights allocated pursuant to Tariff, Part VI; and 2) Auction Revenue Rights allocated to entities that are assigned cost responsibility pursuant to Operating Agreement, Schedule 6 for transmission upgrades that create such rights.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate: