Examples of Day-ahead Prices in a sentence
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.
The Day-ahead Energy Market shall enable Market Participants to purchase and sell energy through the PJM Interchange Energy Market at Day-ahead Prices and enable Transmission Customers to reserve transmission service with Transmission Congestion Charges and Transmission Loss Charges based on locational differences in Day-ahead Prices.
The following determination shall be made for each pool-scheduled resource that is scheduled in the Day-ahead Energy Market: the total offered price for Start-up Costs and No- load Costs and energy, determined on the basis of the resource’s scheduled output, shall be compared to the total value of that resource’s energy – as determined by the Day-ahead Energy Market and the Day-ahead Prices applicable to the relevant generation bus in the Day-ahead Energy Market.
External Market Buyers shall be charged (which charge may be positive or negative) at either the Day-ahead Prices or Real-time Prices, whichever is applicable, for energy at the foregoing bus or buses.
Adjustments to the Day-ahead Energy Market shall be settled at the applicable Real-time Prices, and shall not affect the obligation to pay or receive payment for the quantities of energy scheduled in the Day-ahead Energy Market at the applicable Day-ahead Prices.
Market Buyers shall pay PJMSettlement and Market Sellers shall be paid by PJMSettlement for the quantities of energy scheduled in the Day-ahead Energy Market at the Day-ahead Prices when the Day-ahead Price is positive.
Market Buyers shall be paid by PJMSettlement and Market Sellers shall pay PJMSettlement for the quantities of energy scheduled in the Day-ahead Energy Market at the Day-ahead Prices when the Day-ahead Price is negative.
Notwithstanding the foregoing, if the Office of the Interconnection is unable to clear the Day-ahead Energy Market prior to 11:59 p.m. on the day before the affected Operating Day due to extraordinary circumstances as described in subsection (b) above, no settlements shall be made for the Day-ahead Energy Market, no scheduled megawatt quantities shall be established, and no Day-ahead Prices shall be established for that Operating Day.
The following determination shall be made for each pool-scheduled resource that is scheduled in the Day-ahead Energy Market: the total offered price for start-up and no-load fees and energy, determined on the basis of the resource’s scheduled output, shall be compared to the total value of that resource’s energy – as determined by the Day-ahead Energy Market and the Day-ahead Prices applicable to the relevant generation bus in the Day-ahead Energy Market.
Not earlier than 4:00 p.m. of the day before each Operating Day, or such other deadline as may be specified by the Office of the Interconnection in the PJM Manuals, the Office of the Interconnection shall: (i) post the aggregate Day-ahead Energy Market results; (ii) post the Day-ahead Prices; and (iii) inform the Market Sellers, Market Buyers, and Economic Load Response Participants of their scheduled injections, withdrawals, and demand reductions respectively.