Net Sell Position definition
Examples of Net Sell Position in a sentence
Total Net Sell Position is all unpaid billed Net Sell Positions plus any unbilled Net Sell Positions accrued to date, as determined by PJMSettlement on a daily basis.
Net Sell Position is the amount of Net Obligation when Net Obligation is negative.
Participants that have maintained a Net Sell Position for each of the prior 12 months are eligible for Seller Credit, which is an additional form of Unsecured Credit.
If PJMSettlement’s forecast ever indicates that the Participant’s Total Net Sell Position may in the future be less than the Participant’s aggregate credit requirements, less any Financial Security or other sources of credit provided, then PJMSettlement may require Financial Security as needed to cover the difference.
For every participant receiving Seller Credit, PJMSettlement will maintain a forecast of the Participant’s Total Net Sell Position considering the Participant’s current Total Net Sell Position, recent trends in the Participant’s Total Net Sell Position, and other information available to PJMSettlement, such as, but not limited to, known generator outages, changes in load responsibility, and bilateral transactions impacting the Participant.
A Participant’s Seller Credit will be equal to sixty percent of the Participant’s thirteenth smallest weekly Net Sell Position invoiced in the past 52 weeks.
Each Participant receiving Seller Credit must maintain both its Seller Credit and its Total Net Sell Position equal to or greater than the Participant’s aggregate credit requirements, less any Financial Security or other sources of credit provided.