Intermediate Term Security Constrained Economic Dispatch definition

Intermediate Term Security Constrained Economic Dispatch means PJM’s algorithm that performs various functions, including but not limited to forecasting dispatch and LMP solutions based on current and projected system conditions for up to several hours into the future.
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Examples of Intermediate Term Security Constrained Economic Dispatch in a sentence

  • CTS transactions are ordinarily evaluated on a 15-minute basis consistent with forecasted real-time prices from NYISO’s Real-Time Commitment run and the forecasted price information from PJM’s Intermediate Term Security Constrained Economic Dispatch solution.

  • CTS transactions are ordinarily evaluated on a 15-minute basis consistent with forecasted real-time prices from XXXXX’s Real-Time Commitment run and the forecasted price information from PJM’s Intermediate Term Security Constrained Economic Dispatch solution.

  • The wind and solar forecast feature can be added to the current PJM application called Intermediate Term Security Constrained Economic Dispatch (IT SCED)6 which is used to commit CT’s and guides the Real Time SCED (RT SCED) by looking ahead up to two hours.

  • PJM Manual 11 (at 47) describes the IT SCED software: The Intermediate Term Security Constrained Economic Dispatch (IT SCED) application is used by PJM to perform various functions over a 1-2 hour look-ahead period.

  • Rather than limit the analysis to a predefined range of load and price levels, the IMM has analyzed every actual relevant market defined by a constraint in the real-time look ahead tool used by PJM to identify structural market power, known as Intermediate Term Security Constrained Economic Dispatch (IT SCED).

  • Rather than limit its analysis to a predefined range of load and price levels, the IMM has analyzed every actual relevant market defined by a constraint in the real-time look ahead tool used by PJM to identify structural market power, known as Intermediate Term Security Constrained Economic Dispatch (IT SCED).

  • Subject to the terms and conditions of this option Agreement, this Option may be exercised by written notice to the Company, at its principal office in the State of California, which presently is located at 26931 Diamond, Mission Viejo, California 92691.

  • In addition to the ASO an Intermediate Term Security Constrained Economic Dispatch (IT SCED) runs with a one to two hour look-ahead optimizing a joint energy and reserves solution for every 15 minute period, commits incremental energy resources (the energy three-pivotal supplier test is run by the IT-SCED), and recommends incremental reserve resources which can be committed by PJM dispatch.

  • PJM states that its real-time software tool – PJM’s Intermediate Term Security Constrained Economic Dispatch (IT SCED) – has a two-hour look-ahead window, and that resources with a minimum run time of two hours or less and a start-up time of two hours or less are reflective of the truly marginal decisions made by PJM operators.

  • The TPS test is executed in PJM’s Intermediate Term Security Constrained Economic Dispatch (“IT SCED”) application.

Related to Intermediate Term Security Constrained Economic Dispatch

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