Examples of Updated VRR Curve Decrement in a sentence
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If the result of such equation is a negative quantity, with exception for the Third Incremental Auction for the 2017/2018 Delivery Year, the Office of the Interconnection shall employ in the clearing of the auction a portion of the Updated VRR Curve Decrement, extending and ascending to the left from the right-most point on that curve in a megawatt amount corresponding to the negative quantity defined above, to seek to sell back such quantity.
If the result of such subtraction is a positive quantity, the Office of the Interconnection shall employ in the clearing of the auction a portion of the Updated VRR Curve Decrement, extending and ascending to the left from the right-most point on that curve in a megawatt amount corresponding to the positive quantity defined above, to seek to sell back such quantity.
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If the result of such equation is a negative quantity, with exception for the Third Incremental Auction for the 2017/2018 Delivery Year, the Office of the Interconnection shall employ in the clearing of the auction a portion of the Updated VRR Curve Decrement, extending and ascending to the left from the right-most point on thatcurve in a megawatt amount corresponding to the negative quantity defined above, to seek to sell back such quantity.
If the result of such equation is a negative quantity, the Office of the Interconnection shall employ in the clearing of the auction a portion of the Updated VRR Curve Decrement, extending and ascending to the left from the right-most point on that curve in a megawatt amount corresponding to the negative quantity defined above, to seek to sellback such quantity.
Additionally, PJM has modified Tariff, section 1 concerning the definitions of “Updated VRR Curve Decrement” and “Updated VRR Curve Increment” so that excess capacity related to the Transition Auctions is taken into account when determining the Updated VRR Curve Decrement and Updated VRR Curve Increment, respectively.
The price of the PJM sell offer is based on the Updated VRR Curve Decrement which is the portion of the Updated VRR curve to the left of the point representing all capacity already procured for the Delivery year.Based on an application of the Incremental Auction requirements of Sections 5.4 and 5.12 of Attachment DD of the Tariff and summarized above, PJM submitted the buy bids and sell offers, shown in Table 2, into the 3rd Incremental Auction for the 2012/2013Delivery Year1.