Examples of Operating Reserves in a sentence
Operating Reserve Demand Curve: A series of quantity/price points that defines the maximum Shadow Price for Operating Reserves meeting a particular Operating Reserve requirement corresponding to each possible quantity of Resources that the ISO’s software may schedule to meet that requirement.
If a Supplier that is eligible to provide Operating Reserves does not submit a Day-Ahead Availability Bid for Operating Reserves, its Day-Ahead Bid shall be rejected in its entirety.
Demand Side Ancillary Service Program Provider (DSASP Provider): A Customer that is eligible, pursuant to the ISO Tariff and ISO Procedures, to offer DSASP Resource(s) as Operating Reserves or Regulation Service in the Day-Ahead or Real-Time Market.
Spinning Reserve: Operating Reserves provided by Generators and Demand Side Resources that meet the eligibility criteria set forth in Rate Schedule 4 of this ISO Services Tariff, are already synchronized to the NYS Power System, and can respond to instructions to change their output level, or reduce their Energy usage, within ten (10) minutes.
Offers to provide Regulation Service and Operating Reserves must comply with the rules set forth in Rate Schedules 3 and 4 of this ISO Services Tariff.