Market Flow definition

Market Flow contribution of each unit in the Market-Based Operating Entity’s area = (GLDF) (Real-Time generator output) (Participation Percent/100) and, GLDF is the Generator to Load Distribution Factor Real-Time generator output* is the present MW level of the generator Participation Percent is the share of the unit participating in the Market-Based Operating Entity’s market (* if the Market-Based Operating Entity is a net exporter at the time of the calculation, the output level of the marginal unit(s) has been reduced by this export value) The real-time and one-hour ahead projected “Market Flows” will be calculated on-line utilizing the Market-Based Operating Entity’s state estimator model and solution. This is the same solution presently used to determine real-time market prices as well as providing on-line reliability assessment and the periodicity of the Market Flow calculation will be on the same order. Inputs to the state estimator solution include the topology of the transmission system and actual analog values (e.g., line flows, transformer flows, etc…). This information is provided to the state estimator automatically via SCADA systems such as NERC’s ISN link. Using an on-line state estimator model to calculate “Market Flows” provides a more accurate assessment than using an off-line representation for a number of reasons. The calculation incorporates a significant amount of real-time data, including: • Actual real-time and projected generator output. Off-line models often assume an output level based on a nominal value (such as unit maximum capability), but there is no guarantee that the unit will be operating at that assumed level, or even on-line. Off-line models may not reflect the impact of pumped-storage units when in pumping mode; these units may be represented as a generator even when pumping. Additionally off-line models may not reflect the impact of units such as wind generators. A real-time calculation explicitly represents the actual operating modes of these units. • Actual real-time bus loads. Off-line assessments may not be able to accurately account for changes in load diversity. Off-line models are often based on seasonal winter and summer peak load base cases. While representative of these peak periods, these cases may not reflect the load diversity that exists during off-peak and shoulder hours as well as off-peak and shoulder months. A real-time calculation explicitly accounts for load diversity. Off-line assessments may also reflect load...
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Market Flow contribution of each unit in the Market-Based Operating Entity’s area = 2 All gen-to-load impacts within the same control area that were carved-out of the MISO market and all control area to control area transactions that were carved-out of the MISO market will be tagged and will not be included in the Market Flow calculation.
Sample 1

Examples of Market Flow in a sentence

  • Twenty percent of RECo load shall be included in the Market Flow calculation as PJM load.

  • The remaining twenty percent of RECo load shall be included in the M2M Entitlement and Market Flow calculations as PJM load.

  • The first step to determining the Market Flow on a M2M Flowgate is to calculate generator, load and PAR shift factors for the each of the M2M Flowgates.

  • The rules for determining which Market Flow (unadjusted or adjusted) to compare to the Non-Monitoring RTO M2M Entitlement when any of the PARs at the Michigan-Ontario border are in-service are set forth below.

  • Parallel_Transfers are applied to the Market Flow of the responsible participating RTO.

  • The equation below applies to common scheduling points that directly interconnect the participating RTOs. Shared_Transfers are applied to the Monitoring RTO’s Market Flow only.

  • Once a Transmission Adjusted Market Flow that incorporates the topology adjustment and reallocation of flows has been calculated for each hour of the three year period agreed to by the Parties, the new M2M Entitlement will be determined for each hour and day of the week in each M2M Entitlement Period using the method established in Section 6.1 above.

  • The formulas below shall be used to determine the pro-rata adjustment that will be applied to determine the redistributed interval level and hourly integrated Market Flow (i.e., the Transmission Adjusted Market Flow).

  • Each RTO will independently calculate its Market Flow for all M2M Redispatch Flowgates and Other Coordinated Flowgates using the equations set forth in this Section.

  • The M2M Entitlement for each day/hour, for each M2M Flowgate will be calculated by averaging the Non-Monitoring RTO’s Market Flow on an M2M Flowgate for each particular day/hour of the week.

Related to Market Flow

  • Market Flows means the calculated energy flows on a specified Flowgate as a result of dispatch of generating resources serving load within an RTO’s market.

  • Market Timing means transactions deemed by the Compliance Officer to constitute the short-term buying and selling of shares of Funds or Private Accounts to exploit pricing inefficiencies.

  • Market Abuse means any unscrupulous behavior addressed to the Market Abuse Law of 2016 (Law 102(I)/2016) and as amended, supplemented and/or replaced from time to time.

  • market surveillance means the activities carried out and measures taken by public authorities to check and ensure that devices comply with the requirements set out in the relevant Union harmonisation legislation and do not endanger health, safety or any other aspect of public interest protection;

  • Quotes Flow means the stream of Quotes in the Platform for each CFD.

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Market segment means the portion of the market covering one (1) of the

  • FIRM PROCUREMENT means the agreement between the parties for mutually agreed terms and conditions with commitment of Quantity Ordered.

  • Market Monitoring Unit means the consulting or other professional services firm, or other similar entity, retained by the Board, as specified in Section 30.4.2 of Attachment O, that is responsible for carrying out the Core Market Monitoring Functions and the other functions that are assigned to it in Attachment O. The Market Monitoring Unit shall recommend Tariff and market rule changes, but shall not participate in the administration of the ISO’s Tariffs, except as specifically authorized in Attachment O.

  • Residual market mechanism means an arrangement, either voluntary or mandated by law, involving participation by insurers in the equitable apportionment among them of insurance which may be afforded applicants who are unable to obtain insurance through ordinary methods.

  • Public Procurement means the acquisition by any means of goods, works or services by the government;

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Level IV Pricing applies at any date, if at such date, (i) the Company's long-term debt is rated BBB+ or higher by S&P or Baa1 by Moody's and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies. "Level V Pricing" applies at any date if, at such date, none of Level I Pricing, Level II Pricing, Level III Pricing or Level IV Pricing applies.

  • Catalog Pricing and Pricing Requirements This is a requirement of the TIPS Contract and is non-negotiable. In this solicitation and resulting contract, "Catalog Pricing" shall be defined as: "The then available list of goods or services, in the most current listing regardless of date, that takes the form of a catalog, price list, price schedule, shelf-price or other viewable format that:

  • Market Share means the percent of sales of the total available market in an industry, product line or product attained by the Company or one of its business units during a time period.

  • Pricing means any and all fees, rates and prices payable under this Contract, including pursuant to any Schedule or Exhibit hereto.

  • Normal Market Size for CFD trading shall mean the maximum number of units of the Underlying Asset that are transmitted by the Company for execution.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Market Stand-Off" Agreement..................................... 10

  • Retail margin means an amount, reflecting differences in

  • Fair Market Sales Value means with respect to any property or service as of any date, the cash rent or cash price obtainable in an arm's length lease, sale or supply, respectively, between an informed and willing lessee or purchaser under no compulsion to lease or purchase and an informed and willing lessor or seller or supplier under no compulsion to lease or sell or supply of the property or service in question, and shall, in the case of any Unit Interest or an Owner Lessor's Interest, be determined (except pursuant to Section 17 of the Facility Lease or as otherwise provided below or in the Operative Documents) on the basis that (i) the conditions contained in Sections 7 and 8 of the Facility Lease shall have been complied with in all respects, (ii) the lessee or buyer shall have rights in, or an assignment of, the Operative Documents to which the Owner Lessor is a party and the obligations relating thereto, (iii) the Unit Interest or the Owner Lessor's Interest, as the case may be, is free and clear of all Liens (other than Owner Lessor's Liens, Owner Participant's Liens and Indenture Trustee's Liens), (iv) taking into account the remaining term of the Site Lease and Sublease, and (v) in the case the Fair Market Rental Value, taking into account the terms of the Facility Lease and the other Operative Documents. If the Fair Market Sales Value of the Owner Lessor's Interest is to be determined during the continuance of a Lease Event of Default or in connection with the exercise of remedies by the Owner Lessor pursuant to Section 17 of the Facility Lease, such value shall be determined by an appraiser appointed solely by the Owner Lessor on an "as-is", "where-is" and "with all faults" basis and shall take into account all Liens (other than Owner Lessor's Liens, Owner Participant's Liens and Indenture Trustee's Liens); provided, however, in any such case where the Owner Lessor shall be unable to obtain constructive possession sufficient to realize the economic benefit of the Owner Lessor's Interest, Fair Market Sales Value of the Owner Lessor's Interest shall be deemed equal to $0. If in any case other than in the preceding sentence the parties are unable to agree upon a Fair Market Sales Value of the Owner Lessor's Interest within 30 days after a request therefor has been made, the Fair Market Sales Value of the Owner Lessor's Interest shall be determined by appraisal pursuant to the Appraisal Procedures. Any fair market value determination of a Severable Modification shall take into consideration any liens or encumbrances to which the Severable Modification being appraised is subject and which are being assumed by the transferee.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • market risk means the risk of loss for the individual portfolio resulting from a fluctuation in the market value of positions in the portfolio attributable to changes in market variables, such as interest rates, foreign exchange rates, equity and commodity prices, or an issuer's creditworthiness;

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.