Projected PJM Market Revenues definition
Examples of Projected PJM Market Revenues in a sentence
The Market Monitoring Unit shall calculate the Projected PJM Market Revenues for any Generation Capacity Resource to which the Avoidable Cost Rate is applied pursuant to Section 6.8(d) of Attachment DD, and notify the Capacity Market Seller and the Office of the Interconnection of its determination in writing by no later than ninety (90) days prior to the commencement of the offer period for the applicable RPM Auction.
Projected PJM Market Revenues are defined by section 6.8(d) below, for any Generation Capacity Resource to which the Avoidable Cost Rate is applied.
The Market Monitoring Unit shall calculate the Projected PJM Market Revenues for any Generation Capacity Resource to which the Avoidable Cost Rate is applied pursuant to Tariff, Attachment DD, section 6.8(d), and notify the Capacity Market Seller and the Office of the Interconnection of its determination in writing by no later than ninety (90) days prior to the commencement of the offer period for the applicable RPM Auction.
Projected PJM Market Revenues are defined by section 6.8(d), for any Generation Capacity Resource to which the Avoidable Cost Rate is applied.
The lower net energy and ancillary services revenue in turn results in a higher Market Seller Offer Cap for capacity the generator can offer into the RPM auction.6. On August 25, 2014,8 the Commission established paper hearing procedures pursuant to section 206 of the FPA to investigate whether the provisions for calculating Projected PJM Market Revenues in the determination of Market Seller Offer Caps had become unjust and unreasonable, and unduly discriminatory or preferential.
The existing tariff provision, as its meaning has been clarified by the Commission, is unjust and unreasonable because it would, in some cases, result in the use of marginal costs greater than actual marginal costs and therefore offer caps set above the competitive level and therefore permit the exercise of market power.An accurate calculation of the short run marginal costs of energy is fundamental to obtaining an accurate calculation of Projected PJM Market Revenues.
This proceeding concerns the calculation of Projected PJM Market Revenues and specifically the definition of the marginal costs of providing energy.The Market Monitor does not determine the level of Market Seller Offer Caps.
PJM’s proposed tariff language is in Section 6.8(d-1) of Attachment DD:Notwithstanding the foregoing, in the case that the Capacity Market Seller has indicated in their submission of a unit-specific Market Seller Offer Cap that the resource will continue to operate and participate in the energy and ancillary services markets during the Delivery Year if not cleared in the capacity market, the Projected PJM Market Revenues shall be zero dollars.
Mr. Stoddard then calculated the Projected PJM Market Revenues for I&M’s capacity resources, consistent with the FERC- approved methods specified in the PJM Tariff, Attachment DD, Sections 6.7(iii) and 6.8(d).
The Rules Should Include Actual Marginal Costs in the Calculation of Projected PJM Market Revenues.