Conditional tail expectation (CTE) definition

Conditional tail expectation (CTE) means a statistical risk measure that is calculated as the average of all modeled outcomes (ranked from lowest to highest) at percentiles above the percentile corresponding to the CTE level. The CTE measure provides enhanced information about the tail of a distribution compared to that provided by the order statistics (percentiles). For example, CTE 65 averages all modeled outcomes at percentiles above the 65th percentile.
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Conditional tail expectation (CTE) means a calculation of the average amount of total assets required to satisfy obligations over the life of the contract or policy in the worst x% of scenarios. Represented as CTE (100 less x). Example: CTE95 represents the worst five percent of scenarios.
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Related to Conditional tail expectation (CTE)

  • Interconnected Reliability Operating Limit or “IROL” shall mean the value (such as MW, MVAR, Amperes, Frequency, or Volts) derived from, or a subset of, the System Operating Limits, which if exceeded, could expose a widespread area of the bulk electrical system to instability, uncontrolled separation(s) or cascading outages.

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.

  • Base Load Generation Resource means a Generation Capacity Resource that operates at least 90 percent of the hours that it is available to operate, as determined by the Office of the Interconnection in accordance with the PJM Manuals.

  • Contract Specific Goals means the subcontracting goals for MBE and WBE participation established for a particular contract.

  • Interconnection Feasibility Study means either a Generation Interconnection Feasibility Study or Transmission Interconnection Feasibility Study.