Examples of Minimum Annual Resource Requirement in a sentence
If PJM seeks to release prior committed capacity due to a triggering of the test in subsection (iii) then PJM may not release prior committed capacity from Annual Resources or Extended Summer Demand Resources below the updated Minimum Annual Resource Requirement and updated Minimum Extended Summer Resource Requirement, respectively.
In that case the auction clearing mechanism will select Annual Resources that are more expensive than the clearing price that would otherwise result in order to procure the defined Minimum Annual Resource Requirement.
Under the old rule, in the case where either the Minimum Annual Resource Requirement or Minimum Extended Summer Resource Requirement were binding, the maximum amount of Limited DR would be procured in the Base Residual Auction, leaving none to be procured in Incremental Auctions for the relevant delivery year.
Prior to the Base Residual Auction and each Incremental Auction for the Delivery Years starting on June 1, 2014 and ending May 31, 2017, the Office of the Interconnection shall establish the Minimum Annual Resource Requirement and the Minimum Extended Summer Resource Requirement for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under section 5.10(a) of this Attachment DD to establish a separate VRR Curve for such Delivery Year.
PJM’s auction clearing mechanism will result in a higher price for Annual Resources if the MW of Annual Resources that would otherwise clear the auction, including all resources, are less than the Minimum Annual Resource Requirement that PJM requires for reliability.
The “DEFECTIVE FILLED CYLINDER” means the cylinder which is not fit for despatch / marketable for one reason or other.
Under the prior rules, if the Minimum Annual Resource Requirement were a binding constraint, the Extended Summer and Limited DR products could fill in the balance of capacity needed to meet the VRR curve.
The shortages in meeting the Minimum Annual Resource Requirement and the Minimum Extended Summer Resource Requirement associated with the FRR Entity’s capacity obligation are calculated separately.
PJM’s auction clearing mechanism will result in a higher price for Annual Resources if the MW of Annual Resources that would otherwise clear the auction are less than the Minimum Annual Resource Requirement that PJM requires for reliability.
The Illinois Commission argues that the Minimum Annual Resource Requirement and Minimum Extended Summer Resource Requirement should be implemented in the incremental auctions rather than the base residual auction.