Base Residual Auction definition

Base Residual Auction means the auction conducted three years prior to the start of the Delivery Year to secure commitments from Capacity Resources as necessary to satisfy any portion of the Unforced Capacity Obligation of the PJM Region not satisfied through Self- Supply.
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Base Residual Auction means the auction conducted by PJM, as
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Base Residual Auction means the auction conducted by PJM, as part of PJM's reliability pricing model, three years prior to the start of the delivery year to secure electrical capacity as necessary to satisfy the capacity requirements for that delivery year.
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Examples of Base Residual Auction in a sentence

  • If the FRR Entity is not responsible for all load within a Zone, the Preliminary Forecast Peak Load for such entity shall be the FRR Entity’s Obligation Peak Load last determined prior to the Base Residual Auction for such Delivery Year, times the Base FRR Scaling Factor (as determined in accordance with Reliability Assurance Agreement, Schedule 8.1).

  • For the 2022/2023 Delivery Year and subsequent Delivery Years, the factor equal to FZWNSP/FZPLDY is eliminated in the calculation of the LSE PRD Credit Where: Share of Zonal Nominal PRD Value Committed in Base Residual Auction = Nominal PRD Value for such registration/Total Zonal Nominal PRD Value of all Price Responsive Demand registered by the PRD Provider of such registration *Zonal Nominal PRD Value committed in the Base Residual Auction by the PRD Provider of such registration .

  • Generator is willing to commit to offer and clear [ ] MW of unforced capacity of the Capacity Facility into each Base Residual Auction conducted by PJM for all Delivery Years through the Conclusion Date.

  • FZPLDY = Final Zonal Peak Load Forecast for such Delivery Year; and FZWNSP = Zonal Weather-Normalized Peak Load for the summer concluding prior to the commencement of such Delivery Year; And where the PRD registration is associated with a sub-Zone, the Share of the Nominal PRD Value Committed in Base Residual Auction or Third Incremental Auction will be based on the Nominal PRD Values committed and registered in a sub-Zone.

  • If the FRR Entity is not responsible for all load within a Zone, the Preliminary Forecast Peak Load for such entity shall be the FRR Entity’s Obligation Peak Load last determined prior to the Base Residual Auction for such Delivery Year, times the Base FRR Scaling Factor (as determined in accordance with Schedule 8.1).


More Definitions of Base Residual Auction

Base Residual Auction means the primary auction conducted by PJM as part of PJM’s Reliability Pricing Model to secure electrical capacity as necessary to satisfy the capacity requirements imposed under the PJM Reliability Assurance Agreement for the Delivery Year.
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Base Residual Auction shall have the same meaning as in Tariff, Attachment DD.
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Base Residual Auction means the primary auction conducted by PJM as part of PJM’s Reliability Pricing Model to secure electrical capacity as necessary to satisfy the capacity requirements imposed under the PJM reliability assurance agreement for the Delivery Year.
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Base Residual Auction or “BRA” shall have the meaning set forth in the PJM Agreements.
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Base Residual Auction means the auction conducted three years prior to the start of the Delivery
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Base Residual Auction shall have the same meaning as in Tariff, Attachment DD. Behind The Meter Generation:
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Base Residual Auction shall have the same meaning as in Tariff, Attachment DD. Behind The Meter Generation:
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