Examples of Final RTO Unforced Capacity Obligation in a sentence
PJM shall conduct for each Delivery Year a Base Residual Auction to secure commitments of Capacity Resources as needed to satisfy the portion of the Final RTO Unforced Capacity Obligation not satisfied through Self-Supply of Capacity Resources for such Delivery Year.
Such auction shall be conducted only if the Final RTO Unforced Capacity Obligation PJM Regional Reliability Requirement less the Forecast ILR Obligation, as calculated in accordance with the PJM Manuals immediately prior to the conduct of the Second Incremental Auction, is 100 megawatts or greater than the quantity of megawatts cleared in the Base Residual Auction for such Delivery Year.
The Final RTO Unforced Capacity Obligation for the Delivery Year is allocated to the zones on a pro-rata basis based on Final Zonal Peak Load Forecasts made one month prior toknown in advance of the Third Incremental Auction to determine Final Zonal Unforced Capacity Obligations..
The settlement steps are summarized below: Determine the The Final RTO Unforced Capacity Obligation for the Delivery Year as netis the total amount of MWs cleared in Base Residual Auction plus the unforced capacity obligations satisfied through BRA andMWs cleared in PJM Buy bids across all Incremental Auctions.
Such auction shall be conducted only if the Final RTO Unforced Capacity Obligation less the Forecast ILR Obligation, as calculated in accordance with the PJM Manuals immediately prior to the conduct of the Second Incremental Auction, is 100 megawatts or greater than the quantity of megawatts cleared in the Base Residual Auction for such Delivery Year.
The Final Zonal Unforced Capacity Obligation for a Zone shall be equal to such Zone’s pro rata share of the Final RTO Unforced Capacity Obligation for the Delivery Year based on the Final Zonal Peak Load Forecast made one month prior to the Third Incremental Auction The Final Zonal RPM Scaling Factor shall be equal to the Final Zonal Unforced Capacity Obligation divided by (FPR times the Zonal Weather Normalized Summer Peak for the summer concluding prior to the commencement of such Delivery Year).
The Final RTO Unforced Capacity Obligation for a Delivery Year shall be equal to the sum of the unforced capacity obligations satisfied through the Base Residual Auction and the First, Second, Third, and any Conditional Incremental Auctions for such Delivery Year.