Definition of Capacity Performance Resource


Capacity Performance Resource means a Capacity Resource as described in section 5.5A(a). 2.11B Capacity Performance Transition Incremental Auction "Capacity Performance Transition Incremental Auction" shall have the meaning specified in section 5.14D. 2.12 Capacity Resource "Capacity Resource" shall have the meaning specified in the Reliability Assurance Agreement. 2.13 Capacity Resource Clearing Price "Capacity Resource Clearing Price" shall mean the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Section 5. 2.13A Capacity Storage Resource "Capacity Storage Resource" shall mean any hydroelectric power plant, flywheel, battery storage, or other such facility solely used for short term storage and injection of energy at a later time to participate in the PJM energy and/or Ancillary Services markets and which participates in the Reliability Pricing Model. 2.14 Capacity Transfer Right "Capacity Transfer Right" shall mean a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area. 2.14A Conditional Incremental Auction "Conditional Incremental Auction" shall mean an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year. 2.15 CONE Area "CONE Area" shall mean the areas listed in section 5.10(a)(iv)(A) and any LDAs established as CONE Areas pursuant to section 5.10(a)(iv)(B).
Sample 1

Examples of Capacity Performance Resource in a sentence

To the extent such resource clears an RPM Auction or is otherwise committed as a Winter-Period Capacity Performance Resource, it is obligated to deliver energy as scheduled and/or dispatched by the Office of Interconnection during Performance Assessment Hours occurring in the calendar months of November through April of the Delivery Year, and must satisfy the requirements of a 20161117-5003 FERC PDF (Unofficial) 11/16/2016 6:57:04 PM Page 62 Capacity Performance Resource for such period of time.
Capacity Performance Resource Sell Offer Representations In submitting a Sell Offer for a Capacity Performance Resource in an RPM Auction for a Delivery Year, a Capacity Market Seller is representing that it: A.
To the extent such resource clears an RPM Auction or is otherwise committed as a Summer-Period Capacity Performance Resource, it is obligated to deliver energy as scheduled and/or dispatched by the Office of Interconnection during Performance Assessment Hours occurring in the calendar months of June through October and the following May of the Delivery Year, and must satisfy the requirements of a Capacity Performance Resource for such period of time.
The proposed Tariff revisions, Operating Agreement revisions and pro forma agreements relate solely to PJM's requirement that an external resource must be pseudo-tied into PJM in order to qualify as a Capacity Performance Resource.
Energy Efficiency Resources may also aggregate and submit offers, whether coupled or not, as a Base or Capacity Performance Resource.