Economic Maximum definition

Economic Maximum means the highest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch. Economic Minimum:
Sample 1Sample 2Sample 3

Examples of Economic Maximum in a sentence

  • However, the Day-Ahead schedules resulting from the pro-ration process will reflect Economic Maximum Limits, Economic Minimum Limits, Minimum Reductions and Maximum Reductions.

  • The Economic Maximum Limits, Economic Minimum Limits, Minimum Reductions and Maximum Reductions are not used in determining the amount of energy (MW) in each marginal Supply Offer or Demand Reduction Offer to be cleared on a pro-rated basis.

  • For an on-line Generator Asset registered as being composed of multiple generating units whose synchronized capability cannot be determined by the ISO, Ten-Minute Non-Spinning Reserve shall be calculated as the increase in output the Generator Asset could achieve, relative to its current telemetered output, within ten minutes given its Manual Response Rate (and in no case to a level greater than its Economic Maximum Limit).

  • For an on-line Generator Asset (other than one registered as being composed of multiple generating units whose synchronized capability cannot be determined by the ISO), Ten-Minute Spinning Reserve shall be calculated as the increase in output the Generator Asset could achieve, relative to its current telemetered output, within ten minutes given its Manual Response Rate (and in no case to a level greater than its Economic Maximum Limit).

  • Students must contact police or other University staff to request help for themselves or another person.

  • The ISO will continue to designate the Operating Reserve available above the lower limit up to the Economic Maximum Limit requested by the Market Participant and may activate that Operating Reserve as it deems appropriate to maintain reliability.

  • The duration of testing shall be based on design and manufacturing specifications but must include a minimum of sixty minutes of operation on oil at the Generator Asset’s Economic Maximum Limit.

  • Regardless of whether they have a Capacity Supply Obligation, Market Participants must submit Supply Offers for oil-fired Generator Assets into the Day-Ahead Energy Market and Real-Time Energy Market at the Generator Assets’ Economic Maximum Limit for each hour of the Operating Day.

  • To accomplish this, the Transmission Provider shall limit the dispatchable energy range of Dispatchable Resources to between the Resource’s Economic Minimum Limit and Economic Maximum Limit.

  • A consistent pattern of declaring an Economic Maximum Limit, adjusted for ambient temperature as appropriate, that is inconsistent with the SCC and Capacity Supply Obligation (CSO)b.

Related to Economic Maximum

  • Economic Minimum means the lowest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).