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.
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Examples of Economic Maximum in a sentence

  • Lead Participant shall use commercially reasonable efforts to cause the submittal of Supply Offers for hourly values of Economic Minimum and Economic Maximum that are consistent with ambient air forecasts and /or environmental permit parameters.

  • The deviation of the generating unit’s output is equal to the level of output for the unit determined according to the point on the scheduled offer curve on which the unit was operating corresponding to the hourly integrated real time Locational Marginal Price at the unit’s bus and adjusted for any Regulation or Tier 2 Synchronized Reserve assignments and limited to the lesser of the unit’s Economic Maximum or the unit’s Maximum Facility Output, minus the actual hourly integrated output of the unit.

  • Each nuclear unit for which NewCo has the authority to determine offers will be self- scheduled/must run at Economic Maximum (“Ecomax”) unless reduced in response to negative prices, physical limitations of the unit, or transmission limitations.

  • The deviation of the generating unit’s output is equal to the lesser of the PJM forecasted output for the unit or level of output for the unit determined according to the point on the scheduled offer curve on which the unit was operating corresponding to the hourly integrated real time Locational Marginal Price, and shall be limited to the lesser of the unit’s Economic Maximum or the unit’s Maximum Facility Output, minus the actual hourly integrated output of the unit.

  • 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.

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.

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Economic Value – means the value of the Company and of its shares, to be determined by a specialized company by using a recognized methodology or based on another criterion to be defined by the CVM.

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Daily Maximum discharge limitation means the highest allowable “daily discharge” during the calendar month.