Real-Time Commitment definition

Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

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Real-Time Commitment or “RTC” means the NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

Real-Time Commitment or “RTC” means the NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs. “"Reliability”" means the degree of performance of the bulk electric system that results in electricity being delivered within Reliability Standards and in the amount desired. Electric system Reliability can be addressed by considering two basic and functional aspects of electric systems, which are Adequacy and Security.

Examples of Real-Time Commitment in a sentence

• CTS transactions are ordinarily evaluated on a 15-minute basis consistent with forecasted real-time prices from NYISO’s Real-Time Commitment run and the forecasted price information from PJM’s Intermediate Term Security Constrained Economic Dispatch solution.

• The evaluation will be performed by the NYISO’s Real-Time Commitment (RTC) optimization consistent with the rules specified in the NYISO Services Tariff and this Schedule D.

• Owner is not required to submit hourly offers in the Real-Time Market for an RMR Generator that is not capable of being committed by the ISO’s Real-Time Commitment (“RTC”) if the RMR Generator was not committed Day-Ahead.

• For purposes of determining whether existing capability on the NYS Transmission System is adequate to accommodate a request for Firm Transmission Service under this Tariff, the ISO shall employ Security Constrained Unit Commitment (“SCUC”), Real-Time Commitment (“RTC”) and Real-Time Dispatch (“RTD”) programs in accordance with Attachment C.

• CTS transactions are ordinarily evaluated on a 15-minute basis consistent with forecasted real-time prices from ▇▇▇▇▇’s Real-Time Commitment run and the forecasted price information from PJM’s Intermediate Term Security Constrained Economic Dispatch solution.

• Real-Time Commitment NCPC Credit is an NCPC Credit calculated pursuant to Appendix F to Market Rule 1.

• The Locational Based Marginal Prices (“LBMPs” or “prices”) for Suppliers and Loads in the Real-Time Market will be based on the system marginal costs produced by the Real-Time Dispatch (“RTD”) program and during intervals when certain conditions exist at Proxy Generator Buses, the Real-Time Commitment (“RTC”) program.

• The Locational Based Marginal Prices (“LBMPs” or “prices”) for Suppliers and Loads in the Real-Time Market will be based on the system marginal costs produced by either the Real- Time Dispatch program, or during intervals when it is activated, the RTD-CAM program (together “RTD”), or, with respect to External Transactions, and during intervals when certain conditions exist at Proxy Generator Buses, the Real-Time Commitment (“RTC”) program.

• RMR Generators that require more than two hours to Start-Upare not capable of being committed by the ISO’s Real-Time Commitment (“RTC”) are not required to submit hourly Bids in the Real-Time Market, however they are required to timely respond to a Supplemental Resource Evaluation (“SRE”) or an Out-of-Merit (“OOM”) commitment requests issued by the ISO or by a Transmission Owner.

• Real-Time Energy Market NCPC Credits are the Real-Time Commitment NCPC Credit and the Real- Time Dispatch NCPC Credit.