Reserve Sub-zone definition

Reserve Sub-zone means any of those geographic areas wholly contained within a Reserve Zone, consisting of a combination of a portion of one or more Control Zone(s) as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.
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Reserve Sub-zone means any of those geographic areas wholly contained within a Reserve Zone, consisting of a combination of a portion of one or more Control Zone(s) as designated by
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Examples of Reserve Sub-zone in a sentence

  • If the Office of the Interconnection has initiated in a Reserve Zone or Reserve Sub-zone either a voltage reduction action as described in the PJM Manuals or a manual load dump action as described in the PJM Manuals, the 5-minute clearing price shall be the Reserve Penalty Factor for the Primary Reserve Requirement for that Reserve Zone or Reserve Sub-zone.

  • If the Office of the Interconnection has initiated in a Reserve Zone or Reserve Sub-zone either a voltage reduction action as described in the PJM Manuals or a manual load dump action as described in the PJM Manuals, the 5-minute clearing price shall be the sum of the Reserve Penalty Factors for the Primary Reserve Requirement and the Synchronized Reserve Requirement for that Reserve Zone or Reserve Sub-zone.

  • During such hours, Tier 1 Synchronized Reserve resources shall be compensated at the Synchronized Reserve Market Clearing Price for the applicable Reserve Zone or Reserve Sub-zone for the lesser of the hourly integrated amount of Tier 1 Synchronized Reserve attributed to the resource as calculated by the Office of the Interconnection, or the actual amount of Tier 1 Synchronized Reserve provided should a Synchronized Reserve Event occur.

  • Each 5-minute clearing price shall be calculated as the marginal cost of serving the next increment of demand for Synchronized Reserve in each Reserve Zone or Reserve Sub-zone, inclusive of Synchronized Reserve offer prices and opportunity costs.

  • When the Synchronized Reserve Requirement or Extended Synchronized Reserve Requirement in a Reserve Zone or Reserve Sub-zone cannot be met, the 5-minute clearing price shall be at least greater than or equal to the applicable Reserve Penalty Factor for the Reserve Zone or Reserve Sub-zone, but less than or equal to the sum of the Reserve Penalty Factors for the Synchronized Reserve Requirement and Primary Reserve Requirement for the Reserve Zone or Reserve Sub-zone.

Related to Reserve Sub-zone

  • Reserve Zone means any of those geographic areas consisting of a combination of one or more Control Zone(s), as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Primary Reserve Alert means a notification from PJM to alert Members of an anticipated shortage of Operating Reserve capacity for a future critical period.

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System.

  • Board of Governors means the Board of Governors of the Federal Reserve System of the United States of America.