Examples of Balancing Ratio in a sentence
The following provisions shall be used to determine the applicable Capacity Balancing Ratio where more than one of the conditions described in subsections (a), (b), and (c) apply in a Capacity Zone.
In any Capacity Zone subject to Reserve Constraint Penalty Factor pricing associated with both the Minimum Total Reserve Requirement and the Ten-Minute Reserve Requirement, but not the Zonal Reserve Requirement, the Capacity Balancing Ratio shall be calculated as described in Section III.13.7.2.3(a) for resources in that Capacity Zone.
In any Capacity Zone subject to Reserve Constraint Penalty Factor pricing associated with both the Ten-Minute Reserve Requirement and the Zonal Reserve Requirement, but not the Minimum Total Reserve Requirement, the Capacity Balancing Ratio for resources in that Capacity Zone shall be the higher of the Capacity Balancing Ratio calculated as described in Section III.13.7.2.3(b) and the Capacity Balancing Ratio calculated as described in Section III.13.7.2.3(c).
In any Capacity Zone subject to Reserve Constraint Penalty Factor pricing associated with both the local Thirty-Minute Operating Reserves requirement and either the minimum Thirty-Minute Operating Reserve requirement sub-category of the system-wide Thirty-Minute Operating Reserves requirement or the system-wide Ten-Minute Non-Spinning Reserve requirement, then for resources in that Capacity Zone the Capacity Balancing Ratio shall be calculated as described in Section III.13.7.2.3(c).
Submission of a coupled Base Capacity Resource Sell Offer shall be mandatory for any Capacity Performance Resource Sell Offer that exceeds a Sell Offer Price equal to the applicable Net Cost of New Entry times the Balancing Ratio as provided for in Tariff, Attachment DD, section 6.4. For such coupled Sell Offers, the offer price of a Capacity Performance Resource offer must be at least $.01 per MW-day greater than the offer price of a coupled Base Capacity Resource offer.
In any Capacity Zone subject to both the minimum Thirty-Minute Operating Reserve requirement sub-category of the system-wide Thirty-Minute Operating Reserves requirement and the system-wide Ten-Minute Non-Spinning Reserve requirement, but not to Reserve Constraint Penalty Factor pricing associated with the local Thirty-Minute Operating Reserves requirement, then for resources in that Capacity Zone the Capacity Balancing Ratio shall be calculated as described in Section III.13.7.2.3(a).
The MMU recommends that PJM develop a forward looking estimate for the Balancing Ratio (B) during Performance Assessment Intervals (PAIs) to use in calculating the MSOC.
Use unit specific assumptions based on the Capacity Performance offer cap derivation that employ alternative assumptions for the availability ratio (A), the number of Performance Assessment Hours (H), the Balancing Ratio (B), and the Capacity Performance bonus payment rate (CPBR).2 b.
Assuming that the Performance Bonus Payment rate and the Non-Performance Charge rate (Net CONE divided by the number of Performance Assessment Hours in a delivery year) are equal, a resource’s opportunity cost is therefore the product of the number of Performance Assessment Hours in a delivery year, the Balancing Ratio, and the Non- Performance Charge rate.
The MMU recommends that PJM develop a forward looking estimate for the Balancing Ratio (B) during Performance Assessment Hours to use in calculating the default offer cap.