Forward Capacity Market definition

Forward Capacity Market shall have the meaning set forth in the ISO-NE Rules.
Forward Capacity Market means the locational capacity market in which ISO New England projects needs of the power system three years in advance and holds an annual auction to purchase power resources to satisfy the New England region future electricity demand needs.
Forward Capacity Market. (“FCM”) means the forward market for procuring capacity in the New England Control Area, as described in Section III.13 of Market Rule I.

Examples of Forward Capacity Market in a sentence

  • In this Tariff, the terms listed in this section shall be defined as described below: Active Demand Capacity Resource is one or more Demand Response Resources located within the same Dispatch Zone, that is registered with the ISO, assigned a unique resource identification number by the ISO, and participates in the Forward Capacity Market to fulfill a Market Participant’s Capacity Supply Obligation pursuant to Section III.13 of Market Rule 1.

  • Expected revenues associated with economic development incentives that are offered broadly by state or local government and that are not expressly intended to reduce prices in the Forward Capacity Market are not considered out-of-market revenues for this purpose.

  • Forward Capacity Auction (FCA) is the annual descending clock auction in the Forward Capacity Market, as described in Section III.13.2 of Market Rule 1.

  • Pivotal Supplier Test for Existing Capacity Resources and New Import Capacity Resources in the Forward Capacity Market.

  • Forward Capacity Market (FCM) is the forward market for procuring capacity in the New England Control Area, as described in Section III.13 of Market Rule 1.

  • For purposes of these calculations, the net FCM revenue for a month shall be determined by accounting for all charges and credits related to the purchase or sale of Capacity Supply Obligations, demand bids and Annual Reconfiguration Transactions in the Forward Capacity Market, exclusive of any accrued Capacity Performance Payments on positions currently or previously held.

  • The Company may qualify the DG Project as an Existing Capacity Resource in the Forward Capacity Market (“FCM”) after the Commercial Operation Date to participate in the FCM, as determined by the Company, in consultation with the Division.

  • Capacity charges will be billed to customers on a monthly per-kW basis, with each large standard offer customer’s kW set in a manner consistent with the large standard offer class Load Asset Coincident Peak Contribution (CPC) established pursuant to ISO-NE Market Rules, in particular, ISO New England Manual for the Forward Capacity Market, Manual M-20, Attachment C.

  • Any change to the Transmission, Markets and Services Tariff affecting the Forward Capacity Market or the Forward Capacity Auction that is filed after the results of a Forward Capacity Auction have been accepted or approved by the Commission shall not affect those Forward Capacity Auction results.

  • If and when National Grid participates as "Project Sponsor" on behalf of any Facility, that Facility must support National Grid, as required, to qualify the Facility as an Existing Capacity Resource in the Forward Capacity Market.


More Definitions of Forward Capacity Market

Forward Capacity Market means the forward market for procuring capacity pursuant to the ISO-NE Tariff, FERC Electric Tariff No. 3, and any successor or replacement capacity procurement process thereto.
Forward Capacity Market means the program established by the regional transmission organization that is in effect on the effective date of this paragraph and compensates providers of electrical capacity with payments for the availability or reduction of capacity as determined by the regional transmission organization.
Forward Capacity Market or "FCM" shall have the meaning set forth in the ISO- NE Rules; provided, however, that it shall also include any successor Capacity market.
Forward Capacity Market shall have the meaning set forth in the ISO-NE Rules. “Generator Maintenance Outages” shall have the meaning set forth in the ISO-NE Rules.
Forward Capacity Market or “FCM” refers to the capacity market that is being established by ISO-NE pursuant to the Settlement Agreement, and any successor market thereto.
Forward Capacity Market means the auction-based capacity market administered by ISO-NE. The Forward Capacity Market includes an annual forward capacity auction, an annual reconfiguration auction, and monthly reconfiguration auctions.

Related to Forward Capacity Market

  • Reserved Capacity means the maximum amount of capacity and energy that the Transmission Provider agrees to transmit for the Transmission Customer over the Transmission Provider’s Transmission System between the Point(s) of Receipt and the Point(s) of Delivery under Tariff, Part II. Reserved Capacity shall be expressed in terms of whole megawatts on a sixty (60) minute interval (commencing on the clock hour) basis.

  • System Capacity means the operational capacity of the Gathering System at any applicable point in time.

  • Licensed capacity means the number of children the Department has determined the day care home can care for at any one time in addition to any children living in the home who are under the age of 12 years. Children age 12 and over on the premises are not considered in determining licensed capacity.

  • Contract Capacity has the meaning set forth in Section 3.1(f).

  • Installed Capacity or 'IC’ means the summation of the name plate capacities of all the units of the generating station or the capacity of the generating station (reckoned at the generator terminals), approved by the Commission from time to time;

  • Available RP Capacity Amount means (i) the amount of Restricted Payments that may be made at the time of determination pursuant to Sections 7.06(d), (g), (h) and (l) minus (ii) the sum of the amount of the Available RP Capacity Amount utilized by the Borrower or any Restricted Subsidiary to (A) make Restricted Payments in reliance on Sections 7.06 (g), (h) or (l), (B) incur Liens pursuant to Section 7.01(bb), (C) make Investments pursuant to Section 7.02(n), (D) incur Indebtedness pursuant to Section 7.03(y) and (E) make prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity utilizing the Available RP Capacity Amount pursuant to Section 7.13 plus (iii) the aggregate principal amount of Indebtedness prepaid prior to or substantially concurrently at such time, solely to the extent such Indebtedness (A) was secured by Liens pursuant to Section 7.01(bb) or (B) was incurred pursuant to Section 7.03(y) and not secured pursuant to Section 7.01(bb) (it being understood that the amount under this clause (iii) shall only be available for use under Sections 7.01(bb) and/or 7.03(y), as applicable).

  • Nominal Rated Capability means the nominal maximum rated capability in megawatts of a Transmission Interconnection Customer’s Customer Facility or the nominal increase in transmission capability in megawatts of the Transmission System resulting from the interconnection or addition of a Transmission Interconnection Customer’s Customer Facility, as determined in accordance with pertinent Applicable Standards and specified in the Interconnection Service Agreement.

  • Contracted Capacity means the capacity (in MW AC) contracted with MSEDCL for supply by the successful bidder at the Delivery Point from the Solar Power Project.

  • Unforced Capacity shall have the meaning specified in the Reliability Assurance Agreement.

  • Excess Capacity means volume or capacity in a duct, conduit, or support structure other than a utility pole or anchor which can be used, pursuant to the orders and regulations of the Commission, for a pole attachment.

  • Project Capacity means the AC capacity of the project at the generating terminal(s) and to be contracted with MSEDCL for supply from the Solar Power Project.

  • Storage Capacity means any combination of space, injectability and deliverability.

  • Design capacity means the volume of a containment feature at a discharging facility that accommodates all permitted flows and meets all Aquifer Protection Permit conditions, including allowances for appropriate peaking and safety factors to ensure sustained, reliable operation.