Reliability Pricing Model Auction definition

Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.
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Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction.
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Examples of Reliability Pricing Model Auction in a sentence

  • Upon receipt of a Self-Supply Sell Offer, the Office of the Interconnection will verify that the designated Capacity Resource is available, in accordance with Tariff, Attachment DD, section 5.6, and, if the LSE indicated that it is committing the resource regardless of clearing price, will treat such Capacity Resource as committed in the clearing process of the Reliability Pricing Model Auction for which it was offered for such Delivery Year.

  • For any resource specified in Section IV.A, the credit requirement shall be the RPM Auction Credit Rate, as provided in Section IV.D, times the megawatts to be offered for sale from such resource in a Reliability Pricing Model Auction.

  • Seller seeking to submit a Sell Offer in any Reliability Pricing Model Auction based on any Capacity Resource for which there is a materially increased risk of non-performance must satisfy the credit requirement specified in section IV.B before submitting such Sell Offer.

  • However, the credit requirement for Planned Financed Generation Capacity Resources and Planned External Financed Generation Capacity Resources shall be one half of the product of the RPM Auction Credit Rate, as provided in section IV.B.4 below, times the megawatts to be offered for sale from such resource in a Reliability Pricing Model Auction.

  • Settlement during any Delivery Year of cleared positions resulting or expected to result from any Reliability Pricing Model Auction shall be included as appropriate in Peak Market Activity, and the provisions of this Attachment Q shall apply to any such activity and obligations arising therefrom.

Related to Reliability Pricing Model Auction

  • Reliability pricing model or "RPM" means PJM's capacity-

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Catalog Pricing and Pricing Requirements

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period:

  • Global Operating Model means the global network that conducts State Street’s business in multiple locations across North America, Europe and Asia with significant operational hubs in China, India and Poland, using automated processes and established globally consistent procedures, controls and training.