PJM Interchange Energy Market means the regional competitive market administered by the Office of the Interconnection for the purchase and sale of spot electric energy at wholesale in interstate commerce and related services established pursuant to Operating Agreement, Schedule 1, and the parallel provisions of Tariff, Attachment K - Appendix. PJM Interchange Import means the following, as determined in accordance with the Operating Agreement and Tariff: (a) for a Market Participant that is a Network Service User, the amount by which its interval Equivalent Load exceeds the sum of the interval outputs of its operating generating resources or (b) for a Market Participant that is not a Network Service User, the amount of its Spot Market Backup purchases or (c) the interval scheduled deliveries of Spot Market Energy to an External Market Buyer or (d) the interval scheduled deliveries to an Internal Market Buyer that is not a Network Service User. Interchange means the electronic exchange of Data between the Parties using the Adopted Protocol PJM Interchange means the following, as determined in accordance with the Operating Agreement and Tariff: (a) for a Market Participant that is a Network Service User, the amount by which its interval Equivalent Load exceeds, or is exceeded by, the sum of the interval outputs of its operating generating resources or (b) for a Market Participant that is not a Network Service User, the amount of its Spot Market Backup or (c) the interval scheduled deliveries of Spot Market Energy by a Market Seller from an External Resource or (d) the interval net metered output of any other Market Seller or (e) the interval scheduled deliveries of Spot Market Energy to an External Market Buyer or (f) the interval scheduled deliveries to an Internal Market Buyer that is not a Network Service User.
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