Demand Curve definition

Demand Curve means a segment of a line on the quantity/unit price plane, which refers to an applicable period and which is obtained by cumulating technically adequate bids, ranked in order of non-increasing unit price, beginning with non-price-dependent bids;
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Examples of Demand Curve in a sentence

  • Operating Reserve Demand Curve: A series of quantity/price points that defines the maximum Shadow Price for Operating Reserves meeting a particular Operating Reserve requirement corresponding to each possible quantity of Resources that the ISO’s software may schedule to meet that requirement.

  • A single Regulation Service Demand Curve will apply to both the Day-Ahead Market and the Real-Time Market for Regulation Service.

  • NCZ Study Start Date: September 1 or the next business day thereafter in the calendar year prior to an ICAP Demand Curve Reset Filing Year.

  • Regulation Service Demand Curve: A series of quantity/price points that defines the maximum Shadow Price for Regulation Service corresponding to each possible quantity of Resources that the ISO’s software may schedule to satisfy the ISO’s Regulation Service constraint.

  • In all circumstances, the ISO will consult with those entities as soon as reasonably possible after implementing a temporary modification.After the first year the Regulation Service Demand Curve is in place, the ISO shall perform periodic reviews, subject to the scope requirement specified in Section 15.3.7 of Rate Schedule 3 to the ISO Services Tariff, and the Market Monitoring Unit shall be given the opportunity to review and comment on the ISO’s periodic reviews of the Regulation Service Demand Curve.

  • The ISO shall establish a Regulation Service Demand Curve that will apply to both the Day-Ahead and real-time Regulation Capacity Market Price and settlements.

  • The ISO shall also establish a Scarcity Reserve Demand Curve for each Scarcity Reserve Requirement established by the ISO in the Real-Time Market for which the pricing rules established in Section 15.4.6.1.1(b) of this Rate Schedule apply.

  • The scope of the review shall include, but not be limited to, an analysis of whether any Operating Reserve Demand Curve should be adjusted upward or downward in order to optimize the economic efficiency of any, or all, of the ISO Administered Markets.

  • See Section 15.3.7 of Rate Schedule 3 to the ISO Services Tariff.30.4.6.4.2 Responsibilities related to the Operating Reserves Demand Curves and Scarcity Reserve Demand Curve In order to respond to operational or reliability problems that arise in real-time, the ISO may procure any Operating Reserve product at a quantity and/or price point different than those specified in Section 15.4.7 of Rate Schedule 4 to the ISO Services Tariff.

  • For each Load Zone or groups of Load Zones identified in the NCZ Study as having a constrained Highway Interface, on or before March 1 of each ICAP Demand Curve Reset Filing Year, the ISO shall determine Indicative NCZ Locational Minimum Installed Capacity Requirement.

Related to Demand Curve

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.

  • Demand Bid Screening means the process by which Demand Bids are reviewed against the applicable Demand Bid Limit, and rejected if they would exceed that limit, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K-Appendix.

  • Review Demand Date means, for a Review, the date when the Indenture Trustee determines that each of (a) the Delinquency Trigger has occurred and (b) the required percentage of Noteholders has voted to direct a Review under Section 7.2 of the Indenture.

  • Demand Notice has the meaning set forth in Section 2(a)(i).

  • Demand Registration Request shall have the meaning set forth in Section 3.1.1(a).

  • Demand Date means, with respect to a transfer by a party:

  • Nominated Demand Resource Value means the amount of load reduction that a Demand Resource commits to provide either through direct load control, firm service level or guaranteed load drop programs. For existing Demand Resources, the maximum Nominated Demand Resource Value is limited, in accordance with the PJM Manuals, to the value appropriate for the method by which the load reduction would be accomplished, at the time the Base Residual Auction or Incremental Auction is being conducted.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Demand Party has the meaning set forth in Section 2.2(a).

  • Demand Bid Limit means the largest MW volume of Demand Bids that may be submitted by a Load Serving Entity for any hour of an Operating Day, as determined pursuant to Operating Agreement, Schedule 1, section 1.10.1B, and the parallel provisions of Tariff, Attachment K- Appendix. Demand Bid Screening:

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with the provisions of Section 2.2(b).

  • Step-Out Notice has the meaning given to it in Section 8.1.

  • Shelf Takedown Notice shall have the meaning given in subsection 2.1.3.

  • Piggyback Request has the meaning set forth in Section 2(b).

  • Demand response means measures that decrease peak

  • Batch Load Demand Resource means a Demand Resource that has a cyclical production process such that at most times during the process it is consuming energy, but at consistent regular intervals, ordinarily for periods of less than ten minutes, it reduces its consumption of energy for its production processes to minimal or zero megawatts.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Availability Notice has the meaning given to it in the Grid Code;

  • Bid Request means a written request for one or more Bid Loans substantially in the form of Exhibit B-1.

  • Demand Resource means a resource with the capability to provide a reduction in demand.

  • Request for Proposal (RFP means the solicitation document issued by Purchasing to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • Demand Registration shall have the meaning given in subsection 2.1.1.

  • Advance Facility Notice As defined in Section 3.22.

  • Warrantholders’ Request means an instrument signed in one or more counterparts by Warrantholders holding in the aggregate not less than 25% of the aggregate number of all Warrants then unexercised and outstanding, requesting the Warrant Agent to take some action or proceeding specified therein;

  • Pressure demand respirator means a positive pressure atmosphere-supplying respirator that admits breathing air to the facepiece when the positive pressure is reduced inside the facepiece by inhalation.