UCAP definition

UCAP shall have the meaning as set forth in the NEPOOL Manual for Definitions and Abbreviations.
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UCAP means the electricity product that is required to be purchased by load-serving entities in the NYISO control area.
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UCAP means Unforced Capacity.
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Examples of UCAP in a sentence

  • A Responsible Market Party shall request an updated determination of an Installed Capacity Supplier’s Going-Forward Costs not less often than annually, in the absence of which request the Installed Capacity Supplier’s offer cap shall revert to the UCAP Offer Reference Level.

  • Offers to sell Mitigated UCAP in an ICAP Spot Market Auction shall not be higher than the higher of (a) the UCAP Offer Reference Level for the applicable ICAP Spot Market Auction, or (b) the Going-Forward Costs of the Installed Capacity Supplier supplying the Mitigated UCAP.

  • The comparison shall be made for the period for which Installed Capacity is committed (the “Comparison Period”) in each of the shortest term organized capacity markets (the “External Reconfiguration Markets”) for the area and during the period in which the Mitigated UCAP was exported or sold.

  • External Sale UCAP shall be deemed to have been physically withheld on the basis of a comparison of the net revenues from UCAP sales that would have been earned by the sale in a Mitigated Capacity Zone of External Sale UCAP.

  • Mitigated UCAP shall be offered in each ICAP Spot Market Auction in accordance with Section 5.14.1.1 of the ISO Services Tariff and applicable ISO procedures, unless it has been exported to an External Control Area or sold to meet Installed Capacity requirements outside the Mitigated Capacity Zone in which the ICAP Supplier is a Pivotal Supplier is located in a transaction that does not constitute physical withholding under the standards specified below.


More Definitions of UCAP

UCAP means the percentage of ICAP available after accounting for a unit’s forced outage rate.
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UCAP means installed capacity rated at summer conditions that is not on average experiencing a forced outage or forced derating, calculated for each Capacity Resource on the 12-month period from October to September without regard to the ownership of or the contractual rights to the capacity of the unit.
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UCAP has the meaning established and promulgated by NYISO, as in effect from time to time.
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UCAP. ), which means Minnesota Power must have sufficient capacity resources to
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UCAP has the meaning set forth in Section 8.4(a).
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UCAP shall have the meaning as set forth in the NEPOOL Manual for Definitions and Abbreviations. "UCAP Monthly Supply Auction" shall mean the auction currently defined as the "UCAP Monthly Auction" in the NEPOOL Manual for Definitions and Abbreviations, or any successor to such auction that establishes a price for UCAP or its successor product. 2.
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UCAP means unforced capacity, as such term is defined in the NYISO Services Tariff or NYISO Open Access Transmission Tariff (“OATT”) and as such definition may be modified, amended and superseded from time to time. The UCAP of the Production Facility shall be the quantity that National Grid certifies and is able to claim credit for with the NYISO.
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