First Incremental Auction definition

First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.
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First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates. Forecast Pool Requirement:
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First Incremental Auction means an auction conducted pursuant to Section 5 in which Market Sellers that committed Capacity Resources in the Base Residual Auction for a Delivery Year, which subsequently are determined to be unavailable to deliver the committed Unforced Capacity in such Delivery Year, may submit Buy Bids for replacement Capacity Resources.
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Examples of First Incremental Auction in a sentence

  • If a Capacity Market Seller is offering such resource in a Base Residual Auction, First Incremental Auction, Second Incremental Auction, or Conditional Incremental Auction occurring before the Third Incremental Auction, the Capacity Market Seller shall specify the EFORd to apply to the offer.

  • In the 2021/2022 RPM First Incremental Auction, two participants in the incremental supply in EMAAC passed the TPS test.

  • The First Incremental Auction shall be conducted in the month of September that is twenty months prior to the start of the Delivery Year; the Second Incremental Auction shall be conducted in the month of July that is ten months prior to the start of the Delivery Year; and the Third Incremental Auction shall be conducted in the month of February that is three months prior to the start of the Delivery Year.

  • Each Capacity Market Buyer in the First Incremental Auction or Third Incremental Auction shall pay a Resource Substitution Charge equal to the Capacity Resource Clearing Price resulting from such auction multiplied by the megawatt quantity of Unforced Capacity purchased by such Market Buyer in such auction.

  • Incremental Auction shall mean the First Incremental Auction, the Second Incremental Auction, the Third Incremental Auction, or the Conditional Incremental Auction, each as defined in Attachment DD to the PJM Tariff.

  • For a more detailed analysis of the 2011/2012 RPM First Incremental Auction, see “Analysis of the 2011/2012 RPM First Incremental Auction”<http://www.monitoringanalytics.com/reports/ Reports/2011/Analysis_of_2011_2012_RPM_First_Incremental_Auction_20110106.pdf> (January 6, 2011).

  • Except during the Transition Period, the First Incremental Auction shall be conducted in the month of June that is twenty-three months prior to the start of the Delivery Year.

  • Only Capacity Market Buyers shall be eligible to submit Buy Bids into the First Incremental Auction or Third Incremental Auction.

  • All 785 generation resourceswhich submitted offers in the 2017/2018 CP Transition Incremental Auction were subject to an offer cap of $210.83 per MW-day, which is 60 percent of the Net Cost of New Entry (CONE) used in the 2017/2018 RPM Base Residual Auction.• 2017/2018 RPM First Incremental Auction.

  • The MMU calculated offer caps for 670 generation resources (57.4 percent), of which 478 were based on the technology specific default (proxy) ACR values.• 2015/2016 RPM First Incremental Auction.


More Definitions of First Incremental Auction

First Incremental Auction means, for Delivery Years through the 2016-2017 Delivery Year, an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.
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Related to First Incremental Auction

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Lender has the meaning assigned to such term in Section 2.22(b).