Examples of Minimum Generation in a sentence
Minimum Generation Bids for Generators with start‑up periods greater than one (1) day will be binding only for units that are committed by the ISO and only for the first day in which those units could produce Energy given their start‑up periods.
RTD may commit and dispatch, for pricing purposes, Resources capable of starting and meeting Minimum Generation Levels within ten minutes (“eligible Resources”) when necessary to meet load.
For example, Minimum Generation Bids for a Generator with a start‑up period of two (2) days would be binding only for day three (3) because, if that unit begins to start up at any time during day one (1), it would begin to produce Energy forty‑eight (48) hours later on day three (3).
Similarly, the Minimum Generation Bids for a Generator with a start‑up period of three (3) days would be binding only for day four (4).
If the ISO requests additional information about an Incremental Energy Bid or Minimum Generation Bid that exceed $1,000/MWh or about information supporting such a Bid or supporting a proposed change to the associated reference level, the Market Party shall respond promptly to the ISO’s request.
In each hour an In-City Generator is scheduled in the Day-Ahead Market to meet the reliability needs of a local system, the ISO will set the In-City Generator’s Minimum Generation Bid to the lower of the Bid or the applicable reference level.
If the ISO does not have an up-to-date cost based reference level in place for a Demand Side Resource, then the Market Party will not be permitted to submit Incremental Energy Bids or Minimum Generation Bids that exceed $1000/MWh for that Demand Side Resource.
Failure to promptly respond may prevent the ISO from verifying a cost and including it in a Generator’s or a Demand Response Resource’s cost based Incremental Energy or Minimum Generation reference level.
When mitigation of Minimum Generation Bids is warranted, mitigation shall be imposed from the first hour in which the impact test is met to the last hour in which the impact test is met, or for the duration of the mitigated Generator’s minimum run time, whichever is longer.
Day-Ahead Bids by ISO-Committed Fixed and ISO-Committed Flexible Generators, other than Bids from Intermittent Power Resources that depend on wind or solar energy as their fuel, shall also include Minimum Generation Bids and hourly Start-Up Bids.