UCAP definition
UCAP shall have the meaning as set forth in the NEPOOL Manual for Definitions and Abbreviations.
UCAP means unforced capacity.
UCAP means the electricity product that is required to be purchased by load-serving entities in the NYISO control area.
Examples of UCAP in a sentence
For example, if Seller sells 100 MW in the Strip Auction and 50 MW into the Monthly Auction for a given month, it must certify that 150 MW into the Spot Auction and must bid the remainder of the Facility’s Actual UCAP into the Spot Auction for such month.
To illustrate: (i) If Seller offers and sells UCAP into the Strip Auction and during such Settlement Period Seller realizes revenues from NYISO for six (6) months, then for purposes of determining the UCAP Revenue for each Settlement Period in such six-month period covered by such sale, the portion of such sale revenue included will be one-sixth (1/6) of the total revenue from such transaction.
More Definitions of UCAP
UCAP has the meaning set forth in Section 8.4(a).
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.
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.
UCAP or "Unforced Capacity" has the meaning set forth in the NYISO Rules.
UCAP has the meaning as set forth in Section 5.4 (ii) of this Interim ESA. The UCAP of the Production Facility shall be the quantity that National Grid certifies and is able to claim credit for with the NYISO.
UCAP. ), which means Minnesota Power must have sufficient capacity resources to
UCAP shall have the meaning ascribed to the term “Unforced Capacity” in the Tariff.