Second Incremental Auction definition

Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.
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Second Incremental Auction means an auction conducted pursuant to Section 5, to secure the commitment of Capacity Resources as necessary to satisfy an increase in the PJM Region Peak Load Forecast above that reflected in the Base Residual Auction.
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Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates. A Second Incremental Auction is conducted for Delivery Years prior to the 2021/2022 Delivery Year but is not conducted for the 2021/2022 Delivery Year and all subsequent Delivery Years.
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Examples of Second Incremental Auction in a sentence

  • The Final Zonal Capacity Price for each Zone shall equal the Adjusted Zonal Capacity Price, as further adjusted to reflect any decreases in the Nominated Demand Resource Value of any existing Demand Resource cleared in the Base Residual Auction and Second Incremental Auction.

  • In the 2018/2019 RPM Second Incremental Auction, 35 participants in the RTO market passed the test.

  • Indicate the construction cost and project delivery method which was used.

  • If a Capacity Market Seller is offering such resource in a Base Residual Auction, First Incremental Auction, Second Incremental Auction, or Conditional Incremental Auction occurring before the Third Incremental Auction, the Capacity Market Seller shall specify the EFORd to apply to the offer.

  • For the 2016/2017 Delivery Year, the notice shall be provided by no later than seven (7) days prior to the posting by the Office of the Interconnection of planning parameters for the Second Incremental Auction for the 2016/2017 Delivery Year.

  • In the 2021/2022 RPM Second Incremental Auction, two participants in the incremental supply in EMAAC passed the TPS test.

  • The First Incremental Auction shall be conducted in the month of September that is twenty months prior to the start of the Delivery Year; the Second Incremental Auction shall be conducted in the month of July that is ten months prior to the start of the Delivery Year; and the Third Incremental Auction shall be conducted in the month of February that is three months prior to the start of the Delivery Year.

  • Interruptible load for reliability (ILR) is an interruptible load resource that is not offered into the RPM Auction, but receives the final zonal ILR price determined after the Second Incremental Auction.

  • Prior to the 2012/2013 Delivery Year, obligation was defined as cleared and make whole MW in the Base Residual Auction and the Second Incremental Auction plus ILR forecast obligations.

  • Prior to the 2009/2010 Delivery Year, the final UCAP obligation is determined after the clearing of the Second Incremental Auction.


More Definitions of Second Incremental Auction

Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates. Security:
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Second Incremental Auction means an Incremental Auction conducted ten months before
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Second Incremental Auction means, for Delivery Years through the 2016-2017 Delivery Year, an Incremental Auction conducted ten months before the Delivery Year to which it relates.
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Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates. Security: The security provided by the New Service Customer pursuant to Section 212.4 or Section 213.4 of the Tariff to secure the New Service Customer’s responsibility for Costs under the Interconnection Service Agreement or Upgrade Construction Service Agreement and Section 217 of the Tariff. Segment:
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Related to Second Incremental Auction

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).