Synchronized Reserve definition
Examples of Synchronized Reserve in a sentence
Any of those geographic areas consisting of a combination of one or more of the Control Zone(s) as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, Synchronized Reserve service.
The total Synchronized Reserve Obligations of all Load Serving Entities under section 3.2.3A(a) in the zone where these condensers are located shall be reduced by the amount counted as satisfying the PJM Synchronized Reserve requirements.
The Synchronized Reserve Obligation of each Load Serving Entity in the zone under section 3.2.3A(a) shall be reduced to the same extent that the costs of such condensers counted as Synchronized Reserve are allocated to such Load Serving Entity pursuant to subsection (l) below.
To the extent a condenser operated in association with post-contingency constraint control was not also providing Synchronized Reserve, the Market Seller shall be credited only for the generation unit’s cost to condense, as described in (ii) above.
The Synchronized Reserve Obligation of each Load Serving Entity in the zone under section 3.2.3A(a) shall be reduced to the same extent that the costs of such condensers counted as Synchronized Reserve are allocated to such Load Serving Entity pursuant to subsection (d) below.
To the extent a condenser operated to provide Reactive Services was not also providing Synchronized Reserve, the Market Seller shall be credited only for the generating unit’s cost to condense, as described in (ii) above.
The Office of the Interconnection will also review this analysis to determine whether any changes to the Synchronized Reserve Penalty Factors are warranted for subsequent Delivery Year(s).
A Market Participant that does not meet its hourly Non- Synchronized Reserve Obligation shall be charged for the Non-Synchronized Reserve dispatched by the Office of the Interconnection to meet such obligation at the Non-Synchronized Reserve Market Clearing Price determined in accordance with subsection (c) below, plus the amounts, if any, described in subsection (f) below.
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.
In the after-the fact settlement, any resources cleared as self-scheduled to provide Synchronized Reserve are compensated at the applicable five minute SRMCP.