Regulation Service definition
Examples of Regulation Service in a sentence
RTC is a multi-period security constrained unit commitment and dispatch model that cooptimizes to solve simultaneously for Load, Operating Reserves and Regulation Service on a least as-bid production cost basis over a two hour and fifteen minute optimization period.
RTC co-optimizes to solve simultaneously for all Load, Operating Reserves and Regulation Service requirements and to minimize the total as bid production costs over its optimization timeframe.
The ASP shall not be penalized for this limitation, subject to the Contract Facility being capable of providing, at a minimum, Regulation Service for the Duration of Service in all instances.
LBMPs calculated by SCUC and RTD will incorporate the incremental dispatch costs of Resources that would be scheduled to meet an increment of Load and, to the extent that tradeoffs exist between scheduling providers to produce Energy or reduce demand, and scheduling them to provide Regulation Service or Operating Reserves, LBMPs shall reflect the effect of meeting an increment of Load, given those tradeoffs, at each location on the Bid Production Cost associated with those services.
The first pass establishes “physical base points” (i.e., real-time Energy schedules) and real-time schedules for Regulation Service and Operating Reserves for the first time point of the optimization period.
Data or information relating to the costs or operating a specified Electric Facility (for generating units such data or information shall include, but not be limited to, heat rates, start-up fuel requirements, fuel purchase costs, and operating and maintenance expenses) or data or information relating to the costs of providing load reductions from a specified facility participating as a Demand Side Resource in the ISO Operating Reserves or Regulation Service markets.
The first RTD pass consists of a least bid cost, multi-period co-optimized dispatch for Energy, Regulation Service and Operating Reserves that treats all Fixed Block Units that are committed by RTC, or are otherwise instructed to be online or remain online by the ISO as if they were blocked on at their UOLN or UOLE, whichever is applicable.
The System Operator submits these Regulation Service hourly requirement quantities via the morning Day Zero Advisory Notification System, sent out at 05:30 EST.
Nothing in this Agreement shall require the ASP to provide Regulation Service where to do so would endanger the safety of any Person, damage equipment, or violate any Applicable Law.
The terms set out in Section 1.4 of this Schedule 3 are currently applicable to Facilities (other than Energy Storage Facilities) and may, subject to Section 1.1(d) of this Schedule 3, supplant the provisions of Section 1.3 of this Schedule 3, in whole or in part, at the time that the System Operator is capable of treating Energy Storage Facilities providing Regulation Service in the same manner as all other Facilities.