Entries in settlements (6)


Now online: Presentation and recording of Q1 Settlements Issues Forum webinar

The presentation and recording of the March 7, 2019, Quarterly Settlements Forum  webinar are now available on the ISO New England website. This webinar presents information on ISO New England settlements and billing including the following topics: Energy Storage Device Project and new FCM Cost Allocation Forecast Report. Email the training team with questions at MkTraining@iso-ne.com.


FERC approves change to five-minute settlement of real-time markets

Aligning the financial settlement interval with the real-time pricing interval will bolster incentives for resources to respond to ISO dispatch instructions

On June 2, ISO New England, joined by the New England Power Pool (NEPOOL), filed a proposal with the Federal Energy Regulatory Commission (FERC) to change the interval at which the ISO settles the real-time energy and reserves markets from every hour to every five minutes. FERC accepted the proposal on July 26; the ISO will implement the new settlement interval in March 2017.

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ISO-NE implements two more phases of the Divisional Accounting Project; See the new Customer Readiness webpage for complete project details  

One new phase added; implementation date TBD

ISO New England launched the multi-year Divisional Accounting project to address requests from market participants to segregate settlement reporting into subaccounts for individual business units, divisions, or generating facilities. Participants can designate assets and resources directly to a subaccount in the Customer and Asset Management System (CAMS); other activity-based transactions are assigned in their respective applications, such as eMarket, the Forward Capacity Tracking System (FCTS), and the Internal Transactions interface. Financial assurance determination and billing/invoice will continue to be at the customer level (i.e., the aggregate of the subaccounts).

As this project touches multiple user interfaces and reporting systems, implementation has been performed over several phases beginning in 2014. Below is a summary of the implementation phases. For a comprehensive list of training materials, user guides, and other reference materials for market participants who elect to enable and use divisional accounting reporting, please see the Divisional Accounting Project page under the new Customer Readiness section of the ISO website.

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Redesigned Regulation Market now in effect

Rollout was final step toward FERC requirements to adjust compensation mechanisms and expand participation to new technologies

On March 31, ISO New England’s redesigned Regulation Market went into effect, along with related updates to the eMarket application for market participants and the ISO dispatch software. The changes were a culmination of regional efforts begun in 2008 to address nationwide Federal Energy Regulatory Commission (FERC) requirements.

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Implementation of new Regulation Market to bring changes to settlements and MIS reporting 

ISO-NE offers resources to help market participants prepare

ISO New England will be implementing changes to the Regulation Market on March 31, 2015. The changes comply with Federal Energy Regulatory Commission (FERC) Order No. 755, Frequency Regulation Compensation in Organized Wholesale Power Markets, which requires a two-part payment methodology to select and compensate frequency regulation resources.

Major settlement-related market changes include the following:

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Quarterly forum helps market participants understand changes to ISO settlements/billing processes

80+ participants attend Q2 forum; Q3 forum registration opens soon

On June 13, more than 80 attendees turned out for ISO New England's quarterly Settlements Issues Forum for Q2 2012. Launched in late 2011, these interactive, web-based meetings provide market participants with information on upcoming changes to ISO processes for settlement and billing of payments and charges for various transactions in the region’s electricity markets. The forums provide an opportunity for participants to ask questions of the ISO’s subject matter experts and gain a greater understanding of information that is critical to the successful administration of the markets

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