Capacity Credit definition

Capacity Credit or “CC” means a percentage of a resource’s nameplate capacity that can be counted towards resource adequacy requirements.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Capacity Credit shall have the meaning specified in Operating Agreement, Schedule 11, including Capacity Credits obtained prior to the termination of such Schedule applicable to periods after the termination of such Schedule.

Capacity Credit means an entitlement to a specified number of megawatts of Unforced Capacity from a Capacity Resource for the purpose of satisfying capacity obligations imposed under the Reliability Assurance Agreement or Reliability Assurance Agreement-West, such entitlement not to include any entitlement to the output of the Capacity Resource. Solely for purposes of the PJM Installed Capacity Credit Markets, the term Capacity Credit also shall refer to credits for Installed Capacity during the Interim Period for the ComEd Zone.

Examples of Capacity Credit in a sentence

If Seller cancels a scheduled Maintenance Outage, Major Overhaul or the associated Capacity Credit Period, a cancellation notice must be received by Buyer no later than 5:00 p.m. PPT on the day before such Maintenance Outage or Major Overhaul was scheduled to begin.
Notwithstanding anything to the contrary herein or in the Confidentiality Agreement, Buyer shall be entitled to disclose to any Governmental Authority as a matter of right, without seeking any confidential treatment therefor, Seller’s name, the Capacity Credit Term, the type, nature, and a general description of the Transaction, and amount and type of capacity credits under contract pursuant to this Agreement.
The Parties acknowledge the possibility that a change in Law (including in the interpretation thereof) may occur that requires or will require one or both of the Parties to incur additional costs during the Capacity Credit Term beyond those projected to be incurred by such Party as of the Effective Date.
Subject to the other terms hereof, including Section 4.2, for each calendar month of a given Planning Period during the Capacity Credit Term, Buyer shall pay to Seller the Monthly Payment determined in accordance with Schedule 4.1 for Capacity Credits delivered to Buyer for such month up to the applicable Contract Quantity.
The Office of the Interconnection shall prepare and maintain such records as are required for the administration of the PJM Capacity Credit Markets.

More Definitions of Capacity Credit

Capacity Credit or “CC” means the firm capacity expressed as a percentage of a installed nameplate capacity that is considered for calculation of firm capacity to meet Resource Adequacy Requirements.

Capacity Credit or “CC” means a percentage of a resource’s nameplate capacity

Capacity Credit means the type, form and amount of generating capability required to service Retail Load as set forth by PJM in the Related Documents, but does not include any entitlement to any transmission Congestion Rights or to the output of the Capacity Resource.

Capacity Credit means an entitlement to a specified number of megawatts of Capacity from a Capacity Resource for the purpose of satisfying a capacity obligation imposed under the Reliability Assurance Agreement, and deficiency charges shall be determined in accordance with the then-current Reliability Assurance Agreement.

Capacity Credit shall, subject to the transition provision specified below, mean an entitlement to a specified number of megawatts of Unforced Capacity from a Capacity Resource for the purpose of satisfying capacity obligations imposed under the Reliability Assurance Agreement, such entitlement not to include any entitlement to the output of the Capacity Resource.

Capacity Credit means the price per MW-day paid by PECO to SELLER for DESIGNATED CAPACITY under this ADDENDUM.

Capacity Credit or “CC” means a percentage of a resource’s nameplate capacity that can be