Examples of Supply Offer in a sentence
The submitted fuel price may be no lower than the lesser of (1) 110% of the fuel price used by the Internal Market Monitor in calculating the Reference Levels for the Resource’s Supply Offer or (2) the fuel price used by the Internal Market Monitor in calculating the Reference Levels for the Resource’s Supply Offer plus $2.50/MMbtu.
The submitted fuel price must reflect the price at which the Market Participant expects to be able to procure fuel to supply energy under the terms of its Supply Offer, exclusive of resource-specific transportation costs.
Cost information submitted thereafter shall be considered in subsequent commitment and dispatch analyses if received between 8:00 a.m. and 5:00 p.m. and at least one hour prior to the close of the next hourly Supply Offer submittal period.
If a fuel price is submitted for a Supply Offer after the close of the Re-Offer Period for the next Operating Day or for the current Operating Day, then the cost-based Reference Level for the Supply Offer is used from the time of the submittal to the end of the Operating Day.
A Generator Asset that is online as a result of a Self-Schedule will be dispatched above its Economic Minimum Limit based on the economic merit of its Supply Offer.
The Economic Maximum Limits, Economic Minimum Limits, Minimum Reductions and Maximum Reductions are not used in determining the amount of energy (MW) in each marginal Supply Offer or Demand Reduction Offer to be cleared on a pro-rated basis.
The determination as to whether a Resource operated in economic merit order during an hour will be based on the energy offer block within which the Resource is operating.The Market Participant submits a fuel price pursuant to Section III.A.3.4. When the Market Participant submits a fuel price for any hour of a Supply Offer in the Day-Ahead Energy Market or Re-Offer Period, then the cost-based Reference Level is used for the entire Operating Day.
Each Combined Cycle Generation Resource registered in the Combined Cycle Train will be mapped to the Combined Cycle Train logical Resource Node for the purposes of evaluating and settling each Combined Cycle Generation Resource’s Three-Part Supply Offer and Ancillary Service Offer in the DAM, RUC and SCED.
Hourly overrides of a Supply Offer, a Demand Reduction Offer, or a Demand Bid shall remain in effect only for the applicable Operating Day.
Real-Time Offer Change is a modification to a Supply Offer pursuant to Section III.1.10.9(b).