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 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.

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.

Examples of First Incremental Auction in a sentence

• 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.

• 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 have the same meaning as in the PJM Tariff.