Day-ahead Energy Market definition

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix.

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix. Day-ahead Energy Market Injection Congestion Credits: “Day-ahead Energy Market Injection Congestion Credits” shall mean those congestion credits paid to Market Participants for supply transactions in the Day-ahead Energy Market including generation schedules, Increment Offers, Up-to Congestion Transactions, import transactions, and Day-Ahead Pseudo-Tie Transactions. Day-ahead Energy Market Transmission Congestion Charges: “Day-ahead Energy Market Transmission Congestion Charges” shall be equal to the sum of Day- ahead Energy Market Withdrawal Congestion Charges minus [the sum of Day-ahead Energy Market Injection Congestion Credits plus any congestion charges calculated pursuant to the Joint Operating Agreement between the Midcontinent Independent Transmission System Operator, Inc. and PJM Interconnection, L.L.C. (PJM Rate Schedule FERC No. 38), plus any congestion charges calculated pursuant to the Joint Operating Agreement Among and Between New York Independent System Operator Inc. and PJM Interconnection, L.L.C. (PJM Rate Schedule FERC No. 45), plus any congestion charges calculated pursuant to agreements between the Office of the Interconnection and other entities, as applicable)]. Day-ahead Energy Market Withdrawal Congestion Charges: “Day-ahead Energy Market Withdrawal Congestion Charges” shall mean those congestion charges collected from Market Participants for withdrawal transactions in the Day-ahead Energy Market from transactions including Demand Bids, Decrement Bids, Up-to Congestion Transactions, Export Transactions, and Day-Ahead Pseudo-Tie Transactions. Day-ahead Loss Price:

Day-ahead Energy Market shall have the meaning set forth in the ISO-NE Rules.

Examples of Day-ahead Energy Market in a sentence

• Scheduling encompasses the day-ahead and hourly scheduling process, through which the Office of the Interconnection determines the Day-ahead Energy Market and determines, based on changing forecasts of conditions and actions by Market Participants and system constraints, a plan to serve the hourly energy and reserve requirements of the Internal Market Buyers and the purchase requests of the External Market Buyers in the least costly manner, subject to maintaining the reliability of the PJM Region.

• Market Participants whose purchases and sales, and Transmission Customers whose transmission uses are scheduled in the Day-ahead Energy Market, shall be obligated to purchase or sell energy, or pay Transmission Congestion Charges and Transmission Loss Charges, at the applicable Day-ahead Prices for the amounts scheduled.

• Notice of the need to impose such limit shall be provided prior to 10:00 a.m. EPT on the day that the Day-ahead Energy Market will clear.

• Notwithstanding section (h)(1) above, as more fully set forth in the PJM Manuals, load deviations from the Day-ahead Energy Market shall not be assessed Operating Reserves charges to the extent attributable to reductions in the load of Price Responsive Demand that is in response to an increase in Locational Marginal Price from the Day-ahead Energy Market to the Real-time Energy Market and that is in accordance with a properly submitted PRD Curve.

• PJMSettlement shall be the Counterparty to the purchases and sales of energy that clear the Day-ahead Energy Market and the Real-time Energy Market; provided that PJMSettlement shall not be a contracting party to bilateral transactions between Market Participants or with respect to a Generating Market Buyer’s self-schedule or self-supply of its generation resources up to that Generating Market Buyer’s Equivalent Load.

More Definitions of Day-ahead Energy Market

Day-ahead Energy Market means the day-ahead hourly forward market in which participants offer to sell and bid to buy energy.

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix. Day-ahead Loss Price:

Day-ahead Energy Market means the hourly day-ahead energy market currently operated by PJM, or any successor market thereto.

Day-ahead Energy Market or “DAM” shall have the meaning as set forth in the NEPOOL Manual for Definitions and Abbreviations.

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the

Day-ahead Energy Market means the schedule of commitments for the purchase or sale of Energy, payment of Congestion Charges, and payments for Marginal Losses developed by the ISO as a result of the offers and specifications submitted in accordance with Section 1.10 of this Document.

Day-ahead Energy Market or “DAM” shall have the meaning as set forth in that certain Manual for Definitions and Abbreviations prepared by ISO, as may be amended from time to time.