Energy Market Opportunity Cost definition

Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations, and (b) the forecasted future Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15. Energy Market Opportunity Costs shall be limited to those resources which are specifically delineated in Operating Agreement, Schedule 2. Energy Resource:
Sample 1Sample 2Sample 3
Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations, and (b) the forecasted future Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15.
Sample 1Sample 2Sample 3
Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations (as defined in PJM Tariff), and (b) the forecasted future hourly Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15. Energy Market Opportunity Costs shall be limited to those resources which are specifically delineated in Schedule 2 of the Operating Agreement.
Sample 1Sample 2Sample 3

Examples of Energy Market Opportunity Cost in a sentence

  • If the difference between the forecasted Locational Marginal Prices and forecasted costs to generate energy is negative, the resulting Energy Market Opportunity Cost shall be zero.

  • The introduction of this additional rental charge for standard modernisations will be delayed until the life cycle validation exercise is complete.

  • For the past two winters, ISO-NE has implemented its new Energy Market Opportunity Cost (EMOC) project.

  • If the difference between the forecasted Locational Marginal Prices and forecasted costs to generate energy is negative for any of the years, the average shall include the negative result and if the average difference over three years is negative, the resulting Energy Market Opportunity Cost shall be zero.

  • Report highlights included the following new projects: (i) 2019 FCM Improvements ($1.915 million); (ii) Update Security Application Framework Phase II ($993,000); (iv) Energy Storage Device Phase II ($966,000); and (v) Energy Market Opportunity Cost Phase II ($510,000).

  • Notwithstanding the foregoing, a Market Participant may submit a request to PJM for consideration and approval of an alternative method of calculating its Energy MarketPJM Interconnection, L.L.C. Fourth Revised Sheet No. 167 Third Revised Rate Schedule FERC No. 24 Superseding Second Revised Sheet No. 167 Opportunity Cost if the standard methodology described herein does not accurately represent the Market Participant’s Energy Market Opportunity Cost.

  • The provision included in the April 22nd Filing reads: Notwithstanding the foregoing, a Market Participant may submit a request to PJM for consideration and approval of an alternative method of calculating its Energy Market Opportunity Cost if the standard methodology described herein does not accurately represent the Market Participantʹs Energy Market Opportunity Cost.

  • The adder is not included with the cost-based offer automatically.• Market Sellers must also enter the Energy Market Opportunity Cost adder used in the “Opportunity” Field of the Schedules Details tab in Markets Gateway.A Special Session of the Market Implementation Committee is evaluating improvements and changes to the PJM and Monitoring Analytics opportunity cost calculators.

  • Notwithstanding the foregoing, a Market Participant may submit a request to PJM for consideration and approval of an alternative method of calculating its Energy Market Opportunity Cost if the standard methodology described herein does not accurately represent the Market Participant's Energy Market Opportunity Cost.

  • The Office of the Interconnection shall determine whether to accept or reject an offer including Energy Market Opportunity Cost subject to the criteria set forth in the Tariff and the PJM Manuals.


More Definitions of Energy Market Opportunity Cost

Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations, and (b) the forecasted future Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated
Sample 1Sample 2
Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours
Sample 1Sample 2Sample 3
Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to operational limitations imposed on the unit by Applicable Laws and Regulations (as defined in PJM Tariff)set forth in Schedule 2 of the Operating Agreement, and (b) the forecasted future hourly Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period subject to a limited number of available run hours, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15. Energy Market Opportunity Costs shall be limited to those resources which are specifically delineated in Schedule 2 of the Operating Agreement.
Sample 1
Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations (as defined in PJM
Sample 1

Related to Energy Market Opportunity Cost

  • Opportunity Cost means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6. OPSI Advisory Committee:

  • Non-Regulatory Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of starts or available run hours resulting from (i) the physical equipment limitations of the unit, for up to one year, due to original equipment manufacturer recommendations or insurance carrier restrictions, (ii) a fuel supply limitation, for up to one year, resulting from an event of Catastrophic Force Majeure; and,

  • Equal Employment Opportunity For any federally assisted construction contract, as defined in 41 CFR 60-1.3, the contractor, subcontractor, subrecipient shall follow all of the requirements of the Equal Opportunity Clause as stated in 41 CFR 60-1.4.

  • Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix.

  • Public Procurement means the acquisition by any means of goods, works or services by the government;

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.