Real-time Energy Market definition

Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

Real-time Energy Market shall have the meaning as set forth in the ISO-NE Rules.

Real-time Energy Market or “RTM” shall have the meaning as set forth in the NEPOOL Manual for Definitions and Abbreviations.

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.

More Definitions of Real-time Energy Market

Real-time Energy Market or "RTM" shall have the meaning as set forth in the NEPOOL Manual for Definitions and Abbreviations. "Rejected Power" shall have the meaning set forth in Section 3.7 hereof. "Replacement Power" shall mean electricity purchased by BECO and delivered to the Delivery Point as replacement for any Delivery Shortfall. Replacement Power shall not include Contract Energy delivered to BECO on behalf of NEA pursuant to Section 3.1 hereof. "Replacement Price" shall mean the lesser of (a) the price at which BECO, acting in a commercially reasonable manner, purchases Replacement Power, plus (i) transaction and other administrative costs reasonably incurred by BECO in purchasing such Replacement Power and (ii) additional transmission charges, if any, reasonably incurred by BECO to transmit Replacement Power to the Delivery Point, or (b) the locational marginal pricing at the Delivery Point for such Replacement Power; provided, however, that in no event shall the Replacement Price include any penalties, ratcheted demand or similar charges, nor shall BECO be required to utilize or change its utilization of its owned or controlled assets or market positions to minimize NEA's liability. "Resale Damages" shall have the meaning set forth in Section 3.7 hereof. "Resale Price" shall mean the higher of (a) the price at which NEA, acting in a commercially reasonable manner, sells or is paid for Rejected Power, plus transaction and other administrative costs reasonably incurred by NEA in re-selling such Rejected Power; or (b) the LMP at the Delivery Point for such Rejected Power; provided, however, that in no event shall such price include any penalties, ratcheted demand or similar charges, and further provided that in no event shall NEA be required to utilize or change its utilization of the Facility or its other assets or market positions in order to minimize BECO's liability for Rejected Power. "Schedule or Scheduling" shall mean the actions of NEA or BECO and/or their designated representatives, including each Party's Transmission Providers, if applicable, of notifying, requesting and confirming to each other the quantity of Contract Energy to be delivered on any given day or days (or in any given hour or hours) during the Term at the Delivery Point. "S&P" shall mean Standard & Poor's Ratings Group, a division of McGraw Hill, Inc., and any successor thereto. "Support Payment" shall have the meaning set forth in Section 4.1(a)(i) hereof. "Term" shall have the meaning set forth ...

Real-time Energy Market shall have the meaning as set forth in the ISO-NE Rules [78] Author

Real-time Energy Market or "RTM" shall have the meaning as set forth in that certain Manual for Definitions and Abbreviations prepared by ISO, as may be amended from time to time. "RTM LMP Prices" in any hour for any node in NEPOOL shall mean the LMP prices resulting from the Real-Time Energy Market. "Required Finding" shall have the meaning set forth in the Recitals. "Sayreville Facility" shall have the meaning set forth in the Recitals. "Senior Indenture" shall have the meaning set forth in the Recitals. "Senior Note Holders" shall have the meaning set forth in the Recitals. "Senior Secured Notes" shall have the meaning set forth in the Recitals. "Senior Trustee" shall have the meaning set forth in the Recitals. "Term" shall mean the period from and including the first day of the month immediately following the month in which the Closing Date occurs through and including September 30, 2016. "Transactions" shall have the meaning set forth in the Recitals. ARTICLE 2 TRANSACTION DELIVERABLES 2.1.

Real-time Energy Market means the purchase or sale of Energy, payment of Congestion Charges, and payments for Marginal Losses for quantity deviations from the Day-Ahead Energy Market in the Operating Day.

Real-time Energy Market has the meaning set forth in the ISO-NE Tariff.

Real-time Energy Market means the purchase or sale of energy, payment of Congestion Costs, and payment for losses for quantity deviations from the Day-Ahead Energy Market in the Operating Day and designation of and payment for provision of Operating Reserve in Real-Time.

Real-time Energy Market shall have the meaning as set forth in the ISO-NE Rules.¶ Deleted: is Deleted: in its sole discretion, does not include any conditions or modifications that Buyer deems, in its sole discretion, to be unacceptable and is Deleted: 2