Examples of Capacity Transfer Right in a sentence
This is calculated by subtracting the Final Zonal Capacity Transfer Right Credit Rate from the Resource Clearing Price in each LDA.
Capacity Transfer Right shall have the meaning specified in Attachment DD to the PJM Tariff.
The Annual Revenue Rate for an ILR resource shall be the Adjusted Zonal Capacity Price for the Zone in which such ILR was certified, but not to exceed the Locational Reliability Charges assessed on loads in such LDA, net of any Capacity Transfer Right credits allocated to such loads.
PJM, Intra-PJM Tariffs, OATT, Definitions - I - J - K (9.0.0) (Incremental Capacity Transfer Right).
Capacity Transfer Right (CTR) is a financial right that entitles the holder to the difference in the Net Regional Clearing Prices between Capacity Zones for which the transfer right is defined, in the MW amount of the holder’s entitlement.
The holder of a Capacity Transfer Right between two regions would receive congestion revenue— i.e., the difference in ICAP prices—between the two regions, just as the holder of an FTR receives congestion revenue from the spot energy market.
The program has one program logbook, which master control staff oversees and maintains.
For any Base Residual or Incremental Auction that results in a positive Locational Price Adder for such LDA, the holder of an Incremental Capacity Transfer Right shall receive a payment equal to such Locational Price Adder multiplied by the megawatt quantity of the Incremental Capacity Transfer Right allocated to such Interconnection Customer.
When an ICTR has a positive value and requires payment to the holder, that payment must be offset by a reduction in the Capacity Transfer Right (“CTR”) credits granted to the LSEs in the affected LDA.
The Annual Revenue Rate for an ILR resource shall be the Adjusted Zonal Capacity Price for the Zone in which such ILR was certified, but no to exceed the Locational Reliability Charges assessed on loads in such LDA, net of any Capacity Transfer Right credits allocated to such loads.