Fuel Cost Policy definition

Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market Seller’s cost-based offer(s) for a generation resource.
Sample 1Sample 2Sample 3
Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market
Sample 1Sample 2Sample 3
Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 which reflects the Market Seller’s methodologies used to price fuel and compute the Market Seller’s total fuel-related costs applicable to cost-based offers for a generation resource.
Sample 1Sample 2

Examples of Fuel Cost Policy in a sentence

  • If PJM rejects a Market Seller’s Fuel Cost Policy, PJM shall include an explanation for why the Fuel Cost Policy was rejected in its written notification.

  • If a Market Seller submits a market-based Real-time Offer for a particular clock hour in accordance with subsection (c) below, or if updates to a cost-based offer are required by the Market Seller’s approved Fuel Cost Policy, the Market Seller shall update its previously submitted cost-based Real-time Offer.

  • Immediately expire the Market Seller’s Fuel Cost Policy with written notification to the Market Seller when a change in circumstance causes the Market Seller’s fuel pricing and/or cost estimation method to be no longer consistent with the approved Fuel Cost Policy, this Operating Agreement, Schedule 2 or PJM Manual 15.

  • If PJM rejects a Market Seller’s updated Fuel Cost Policy, in its written notification, PJM shall provide an explanation for why the Fuel Cost Policy was rejected.

  • PJM shall consult with the Market Monitoring Unit, and consider any input timely received from the Market Monitoring Unit, in its determination of whether to approve a Market Seller’s updated Fuel Cost Policy.

  • That’s because the shoulders are relatively short stretches of road, and the operators are empowered to decide for themselves whether it’s safe to navigate onto shoulders and to get back into the stream of traffic.

  • PJM shall consult with the Market Monitoring Unit, and consider any input and advice timely received from the Market Monitoring Unit, in its determination of whether to approve a Market Seller’s Fuel Cost Policy.

  • After it has completed its evaluation of the submitted Fuel Cost Policy, PJM shall notify the Market Seller in writing, with a copy to the Market Monitoring Unit, whether the Fuel Cost Policy is approved or rejected.

  • If PJM determines that a Fuel Cost Policy submitted for review does not contain adequate support for PJM to make a determination as to the acceptability of any portion of the proposed policy consistent with the standards set forth above, PJM shall reject the Fuel Cost Policy.

  • To the extent a Market Seller proposes alternative measures to document its fuel costs in its Fuel Cost Policy for a generation resource, the Market Seller shall explain how such alternative measures are consistent with or superior to the standard specified in subsection (a) of this section, accounting for the unique circumstances associated with procurement of fuel to supply the generation resource.


More Definitions of Fuel Cost Policy

Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2,
Sample 1

Related to Fuel Cost Policy

  • R&W Policy means a representation and warranty insurance policy for the benefit of Buyer obtained in connection with this Agreement on the terms described on Schedule 1.01 of the Buyer Disclosure Schedule.

  • Support Services Policy means Elastic’s support services policy for a Product, as further described at a URL referenced in an applicable Addendum.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Policy means Related Party Transaction Policy.