Examples of Real-time Energy Market in a sentence
Notwithstanding section (h)(1) above, as more fully set forth in the PJM Manuals, load deviations from the Day-ahead Energy Market shall not be assessed Operating Reserves charges to the extent attributable to reductions in the load of Price Responsive Demand that is in response to an increase in Locational Marginal Price from the Day-ahead Energy Market to the Real-time Energy Market and that is in accordance with a properly submitted PRD Curve.
PJMSettlement shall be the Counterparty to the purchases and sales of energy that clear the Day-ahead Energy Market and the Real-time Energy Market; provided that PJMSettlement shall not be a contracting party to bilateral transactions between Market Participants or with respect to a Generating Market Buyer’s self-schedule or self-supply of its generation resources up to that Generating Market Buyer’s Equivalent Load.
Bilateral transactions as to which the parties have notified the Office of the Interconnection by the deadline specified in Section 1.10.1A that they elect not to be included in the Day-ahead Energy Market and that they are not willing to incur Transmission Congestion Charges in the Real-time Energy Market shall be curtailed by the Office of the Interconnection as necessary to reduce or alleviate transmission congestion.
Any Market Participant that elects not to schedule its export, import or wheel through transaction in the Day-ahead Energy Market shall inform the Office of the Interconnection if the parties to the transaction are not willing to incur Transmission Congestion and Loss Charges in the Real-time Energy Market in order to complete any such scheduled transaction.
The following scheduling procedures and principles shall govern the commitment of resources to the Day-ahead Energy Market and the Real-time Energy Market over a period extending from one week to one hour prior to the real-time dispatch.