Common use of Calculating a Combined M2M Settlement Clause in Contracts

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement for each interval Where: M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. Where: M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: Where: M2M settlement for hour h; and n = Number of intervals in hour h.

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement for each interval Where: M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. Where: M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: Where: M2M settlement for hour h; and n = Number of intervals in hour h.

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement the Ramapo PARs settlement for each interval Where: M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. Where: M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARsPJM Ramapo PARs settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; and NYISO Ramapo PARs settlement, defined as a payment from PJM to the NYISO when the value is negative and a payment from the NYISO to PJM when the value is positive for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: Where: M2M settlement for hour h; and n = Number of intervals in hour h.