Examples of Electric Facility in a sentence
An Electric Facility subject to a default bid shall be paid the LBMP or other market clearing price applicable to the output from the facility.
Minimum quantity thresholds shall not be applicable to the identification of physical withholding by an Electric Facility in a Constrained Area.
A default bid shall be designed to cause a Market Party to bid as if it faced workable competition during a period when (i) the Market Party does not face workable competition, and (b) has responded to such condition by engaging in the physical or economic withholding of an Electric Facility.
If the criteria contained in Section 3 are met, the NYISO may substitute a default bid for a bid submitted for an Electric Facility.
In designing and implementing default bids, the NYISO shall seek to avoid causing an Electric Facility to bid below its marginal cost.