First Incremental Auction definition

First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.
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First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates. Forecast Pool Requirement:
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First Incremental Auction means an auction conducted pursuant to Section 5 in which Market Sellers that committed Capacity Resources in the Base Residual Auction for a Delivery Year, which subsequently are determined to be unavailable to deliver the committed Unforced Capacity in such Delivery Year, may submit Buy Bids for replacement Capacity Resources.
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Examples of First Incremental Auction in a sentence

  • If a Capacity Market Seller is offering such resource in a Base Residual Auction, First Incremental Auction, Second Incremental Auction, or Conditional Incremental Auction occurring before the Third Incremental Auction, the Capacity Market Seller shall specify the EFORd to apply to the offer.

  • In the 2021/2022 RPM First Incremental Auction, two participants in the incremental supply in EMAAC passed the TPS test.

  • Each Capacity Market Buyer in the First Incremental Auction or Third Incremental Auction shall pay a Resource Substitution Charge equal to the Capacity Resource Clearing Price resulting from such auction multiplied by the megawatt quantity of Unforced Capacity purchased by such Market Buyer in such auction.

  • Individuals who have prior criminal histories, poor credit or lack of rental history often do not have utility accounts in their name; however, they may be responsible for paying these housing expenses.

  • If a Capacity Market Seller is offering such resource in a Base Residual Auction, First Incremental Auction, or Second Incremental Auction, the Capacity Market Seller shall specify the EFORd to apply to the offer.

  • PJM shall conduct for each Delivery Year a First Incremental Auction to allow Capacity Market Sellers that committed Capacity Resources in the Base Residual Auction for such Delivery Year to submit Buy Bids for replacement Capacity Resources.

  • The MMU calculated offer caps for 670 generation resources (57.4 percent), of which 478 were based on the technology specific default (proxy) ACR values.• 2015/2016 RPM First Incremental Auction.

  • Incremental Auction shall mean the First Incremental Auction, the Second Incremental Auction, the Third Incremental Auction, or the Conditional Incremental Auction, each as defined in Attachment DD to the PJM Tariff.

  • For each First Incremental Auction, the optimization algorithm shall consider: • the same locational constraints that were modeled in the Base Residual Auction ; and • the Sell Offers and Buy Bids submitted in such auction.

  • Consistent with these considerations, PJM proposes to cancel the Second Incremental Auctions associated with the 2023/2024 through 2025/2026 Delivery Years, as well as the First Incremental Auction associated with the 2023/2024 through 2026/2027 Delivery Year as shown in the table below and in Attachment B of this filing.


More Definitions of First Incremental Auction

First Incremental Auction means, for Delivery Years through the 2016-2017 Delivery Year, an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.
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Related to First Incremental Auction

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Facility has the meaning assigned to such term in Section 2.20(a).