Coordinated Transaction Scheduling definition

Coordinated Transaction Scheduling or “CTS” shall mean the market rules that allow transactions to be scheduled based on a bidder’s willingness to purchase energy from a source in either the NYISO or PJM Control Area and sell it at a sink in the other Control Area if the forecasted price at the sink minus the forecasted price at the corresponding source is greater than or equal to the dollar value specified in the bid.

Coordinated Transaction Scheduling or “CTS” shall mean the scheduling of Coordinated External Transactions at a CTS Enabled Interface in accordance with the procedures of Operating Agreement, Schedule 1, section 1.13, and the parallel provisions of Tariff, Attachment K-Appendix.

Coordinated Transaction Scheduling or “CTS” means an external transaction scheduling process between the NYCA and NECA in which Market Participants’ bids, to buy energy in one region and sell in another region, are economically and simultaneously cleared by ISO-NE and NYISO. This process takes place pursuant to market rules in the Parties’ respective tariffs that allow transactions to be scheduled over a CTS Enabled Interface based on a bidder’s willingness to purchase energy from the NYCA or NECA (the source) and sell it to the other Control Area (the sink) if the bid price is less than or equal to the expected LMP difference across the interface in the requested direction, as of the time the interface is scheduled.

Examples of Coordinated Transaction Scheduling in a sentence

• Coordinated Transaction Scheduling or “CTS” are real time market rules implemented by NYISO and PJM that allow transactions to be scheduled based on a bidder’s willingness to purchase energy at a source (in the PJM Control Area or the NYISO Control Area) and sell it at a sink (in the other Control Area) if the forecasted price at the sink minus the forecasted price at the corresponding source is greater than or equal to the dollar value specified in the bid.

• Under the current inter-regional trading system, ISO-NE and NYISO do not exchange the information necessary to calculate an economically correct congestion price associated with a binding external interface limit.21 Under Coordinated Transaction Scheduling, each ISO will set a congestion component for the CTS Enabled Interface LMP when there is a binding external interface limit.

• A fundamental objective of Coordinated Transaction Scheduling is to increase the likelihood that energy will flow from the lower-priced region to the higher-priced region for any given 15-minute interval.19 CTS achieves this objective through the clearing of CTS Interface Bids submitted from both New England and New York market participants at a CTS Enabled Interface.

• This Attachment P describes the process for pursuing amendments to the ISO tariff in the event that the production cost savings of the ISO’s interchange on the NYISO – ISO-NE AC Interface and the Northport/Norwalk Line (both together - “NYISO / ISO-NE Interface”), following the implementation of an Inter-Regional Interchange Scheduling process known as Coordinated Transaction Scheduling (“CTS”) on the NYISO/ISO-NE Interface, are not satisfactory.

More Definitions of Coordinated Transaction Scheduling

Coordinated Transaction Scheduling or “CTS” shall mean the scheduling of Coordinated External Transactions at a CTS Enabled Interface in accordance with the procedures of Section

Coordinated Transaction Scheduling or “CTS” means an external transaction scheduling process between the NYCA and NECA in which Market Participants’ bid, to buy energy in one region and sell in another region, is economically and simultaneously cleared by ISO-NE and NYISO.

Coordinated Transaction Scheduling or “CTS” means an external transaction scheduling process between the NYCA and NECA in which Market Participants’ bids, to buy energy in one region and sell in another region, are economically and simultaneously cleared by ISO-NE and NYISO. This process takes place pursuant to market rules in the Parties’ respective tariffs that allow transactions to be scheduled over a CTS Enabled Interface based on a bidder’s willingness to purchase energy from the NYCA or NECA (the source) and sell it to the other Control Area

Coordinated Transaction Scheduling or “CTS” shall mean the market rules that allow

Coordinated Transaction Scheduling or “CTS” shall mean the scheduling of Coordinated

Coordinated Transaction Scheduling or “CTS” shall mean the market rules that apply at designated Interfacesallow transactions to be scheduled based on a bidder’s willingness to purchase Eenergy from a source in either the PJM or the NYISO or PJM Control Area and sell it at a sink in the other Control Area if the forecasted price at the sink minus the forecasted price at the corresponding source is greater than or equal to the dollar value specified in the Bbid.

Coordinated Transaction Scheduling or “CTS” shall mean the scheduling of Coordinated External Transactions at a CTS Enabled Interface in accordance with the procedures of Section 1.13 of this Schedule 1 of this Agreement.