Final RTO Unforced Capacity Obligation definition
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 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.
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..
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.