What does OASIS stand for in the context of PJM?

In the context of PJM, OASIS stands for Open Access Same-time Information System. This system plays a crucial role in the transmission of energy by enabling access to real-time information regarding the availability of transmission capacity across various networks. OASIS facilitates transparency in the transmission marketplace, allowing stakeholders such as transmission providers, users, and regulators to access critical data simultaneously, fostering fair competition and preventing discrimination.

The emphasis on "same-time" in the name highlights the system’s capability to provide real-time data, which is essential for efficient energy trading and reliability in the transmission system. This system is vital for ensuring that the energy market operates effectively, informing users about available transmission service and any constraints.

The other options do not accurately reflect the established terminology within the context of the energy transmission sector, as they either alter the key terms or misrepresent the system's purpose and function.