Fuel Cost Policy definition

Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market Seller’s cost-based offer(s) for a generation resource.
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Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market
Sample 1Sample 2Sample 3
Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 which reflects the Market Seller’s methodologies used to price fuel and compute the Market Seller’s total fuel-related costs applicable to cost-based offers for a generation resource.
Sample 1Sample 2

Examples of Fuel Cost Policy in a sentence

  • If PJM rejects a Market Seller’s Fuel Cost Policy, PJM shall include an explanation for why the Fuel Cost Policy was rejected in its written notification.

  • If a Market Seller submits a market-based Real-time Offer for a particular clock hour in accordance with subsection (c) below, or if updates to a cost-based offer are required by the Market Seller’s approved Fuel Cost Policy, the Market Seller shall update its previously submitted cost-based Real-time Offer.

  • Immediately expire the Market Seller’s Fuel Cost Policy with written notification to the Market Seller when a change in circumstance causes the Market Seller’s fuel pricing and/or cost estimation method to be no longer consistent with the approved Fuel Cost Policy, this Operating Agreement, Schedule 2 or PJM Manual 15.

  • If PJM rejects a Market Seller’s updated Fuel Cost Policy, in its written notification, PJM shall provide an explanation for why the Fuel Cost Policy was rejected.

  • That’s because the shoulders are relatively short stretches of road, and the operators are empowered to decide for themselves whether it’s safe to navigate onto shoulders and to get back into the stream of traffic.

  • PJM shall consult with the Market Monitoring Unit, and consider any input timely received from the Market Monitoring Unit, in its determination of whether to approve a Market Seller’s updated Fuel Cost Policy.

  • PJM shall consult with the Market Monitoring Unit, and consider any input and advice timely received from the Market Monitoring Unit, in its determination of whether to approve a Market Seller’s Fuel Cost Policy.

  • After it has completed its evaluation of the submitted Fuel Cost Policy, PJM shall notify the Market Seller in writing, with a copy to the Market Monitoring Unit, whether the Fuel Cost Policy is approved or rejected.

  • If PJM determines that a Fuel Cost Policy submitted for review does not contain adequate support for PJM to make a determination as to the acceptability of any portion of the proposed policy consistent with the standards set forth above, PJM shall reject the Fuel Cost Policy.

  • A Fuel Cost Policy shall include the cost-based Start Cost calculation for the generation resource, and identify for each temperature state the starting fuel (MMBtu), station service (MWh), start Maintenance Adder, and any Start Additional Labor Cost.


More Definitions of Fuel Cost Policy

Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2,
Sample 1

Related to Fuel Cost Policy

  • Transportation project means any project that the department is authorized by law to undertake including but not limited to a highway, tollway, bridge, mass transit, intelligent transportation system, traffic management, traveler information services, or any other project for transportation purposes.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Fair Use Policy means the fair use policy governing the Support Services attached in Exhibit 1, as may be amended by WSP from time to time.