LBMP definition

LBMP is the NYISO locational-based marginal pricing node proximate to the Project.

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LBMP for any hour, is the energy price for such hour at the NYISO locational-based marginal pricing node proximate to the Project.

LBMP means the landscape and biodiversity management plan approved pursuant to a condition of the Planning Permission detailing area inspections, cleansing and maintenance of Play Areas, NEAP, MUGA, hard surfaces and any watercourses, balancing ponds or other aspects of the SUDS within the Informal Open Space, and which shall also detail the frequency and standard of maintenance of the facilities that are the subject of the scheme together with measures to replace any equipment or infrastructure that becomes damaged or planting that may die or become diseased following implementation of the scheme and which may be varied from time to time with the written agreement of the District Council

Examples of LBMP in a sentence

• The Day-Ahead Market and the Real-Time Market (collectively the LBMP Markets) and any other market administered by the ISO.

• Congestion Rents are collected by the ISO from Loads through its facilitation of the LBMP Market Transactions and the collection of Transmission Usage Charges from Bilateral Transactions, and paid to Primary Holders.

• A single LBMP Load Zone or set of adjacent LBMP Load Zones within one Transmission District within which a minimum level of Installed Capacity must be maintained.

• The term LBMP also means the price of Energy bought or sold in the LBMP Markets at a specific location.

• The TUC is equal to the product of: (1) the LBMP at the POW minus the LBMP at the POI (in $/MWh); and (2) the scheduled or delivered Energy (in MWh).

• A Transmission Agreement in existence, as amended, between Transmission Owners, that is associated with existing Generators or power supply contracts, that will be modified effective upon LBMP implementation.

• In determining “in series” facilities for ▇▇▇▇▇▇▇▇ East and West Central interfaces, the 115 kV and 230 kV tie lines between NYCA and PJM located in LBMP Zones A and B shall not participate in the transfer.

• For purposes of this calculation, a real-time LBMP for an interval is set to $0.00 if the real-time LBMP in that interval was negative.

• Transmission Customers scheduling Export or Wheel-Through Transactions to destinations outside the NYCA, or purchases from the LBMP Market to serve Load outside the NYCA shall pay Ancillary Services charges under Schedules 1, 2, 4, and 5 of this Tariff.

• Subject to the foregoing, the TSC applies to all Actual Energy Withdrawals regardless of whether the withdrawals occur in conjunction with a Bilateral Transaction or through the purchase of Energy from an LBMP Market.

More Definitions of LBMP

LBMP means the hourly Day-Ahead Market Locational Based Market Price at the Delivery Point.

LBMP means the Locational Based Marginal Price, as such term is defined in the Supplemental Filing and described in the ISO Tariff, as such term may be modified from time-to-time by the ISO.

LBMP is the NYISO locational-based marginal pricing node proximate to the Project for the DAM or RTM, depending on which market is engaged to purchase the shortfall.

LBMP shall have the meaning ascribed to it in the definition of Market Energy Price.