SETTLEMENT STATEMENTS AND INVOICES

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SETTLEMENTSTATEMENTSANDINVOICES
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Market SettlementProcess Overview
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Real-time Markets Statements
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Real-time Markets Invoices
Calendar Month of Trading Days
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Settlement Schedule
N O V E M B E R
MON
TUES
WED
THURS
FRI
SAT
SUN
1
2
3
4
5
8
9
10
11
12
6
7
15
16
17
18
19
13
14
22
23
24
25
26
20
21
29
30
27
28
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Calendar for Real-time Market
Preliminary and Final Statements are issued daily
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Calendar for Real-time Market
Preliminary and Final Statements are issued daily
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Invoices for the Real-time Market
Invoices are composed of both Final and
Preliminary data
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NEMSC - 0100

• Settlement of energy for generators and
  dispatchable loads

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NEMSC - 0101

• Settlement of energy for non-dispatchable loads,
  self-scheduled and intermittent generators

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Preliminary Settlement Statement File

• Header Record (H code)
• Example for a generator

Header
Primary trading day
File type ST statement
Settlement type P preliminary
Amount due in total for billing period
H 1000 01-NOV-2000 9876543 ST P P
2725.50 2725.50
MPs ID
Statement ID
Statement type P physical
Amount due for that trading date statement
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Preliminary Settlement Statement File

• Summary Records (SC code)
• Example for a generator

Record type
Charge type
Charge type description
SC 100 0100 NET ENERGY MARKET SETTLEMENT FOR
GENERATORS AND DISPATCHABLE LOAD 01-NOV-2000
1745.06 N
Trading date
Settlement total
Adjustment flag
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Preliminary Settlement Statement File

• Detail Records (DP code)
• Example for a load

Minute interval
Location ID
Bill quantity
Record type
Charge type
Trading date
Hour
Settlement amount
Zone ID
Settlement type
Price
DP 100 01-NOV-2000 1 1 138.95 ONZN
123456 P 5.0 27.79
0.0700 0 0 0 0 0 5.0 9.73
0.0700 0.00
Bilateral tax rate
Bilateral Tax Amount
Schedule import quantity
Tax rate
Bilateral quantity bought
AQEI
Schedule export quantity
Energy tax amount
AQEW
Bilateral quantity sold
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Settlement Schedule
N O V E M B E R
MON
TUES
WED
THURS
FRI
SAT
SUN
1
2
3
4
5
8
9
10
11
12
6
7
15
16
17
18
19
13
14
22
23
24
25
26
20
21
29
30
27
28
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NOD Home Screen
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NOD Contact Information
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NOD Details
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Notice of Disagreement Process
File a Notice of Disagreement within 5 business
days of statement issue

• If the Notice of Disagreement directly affects
  other MPs
• MPs will be notified

• Possibilities for resolution
• IMO disagrees, no action is taken
• IMO agrees with the issue and the proposed
  solution
• IMO agrees with the issue but proposes a
  different solution

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Notice of Disagreement Process

• If the issue is resolved before the final
  statement
• The adjustment will appear on the final statement

• If the issue is resolved after the final
  statement
• The adjustment will appear on a subsequent
  preliminary statement and related final statement

IMO must respond to Notice of Disagreement within
15 business days after final statement issue
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Disagreement
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Final Settlement Statements
10 Business Days
12 Business Days
Final Settlement Statement
Preliminary Settlement Statement
TradingDay
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Disagreement

• Dispute Resolution Process
• File within 20 business days of final statement
  issue

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Invoices For The Real-time Market

• Billing Period is one calendar month

• Invoices will be issued on the 10th business day
  after the last trading day of the month

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Invoices for the Real-time Market
Invoices are composed of both Final and
Preliminary data
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Calendar for Real-time Market
Preliminary and Final Statements are issued daily
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Payments

• Payment due from market participant - by 2nd
  business day after invoice issue

• Payment from IMO to market participant - by 4th
  business day after invoice issue

• Payment by EFT (Electronic Funds Transfer) to
  settlement accounts in bank

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Energy Forward Market
Real-time Market

• Content
• Charges from activity in Energy Forward Market
  may include Transmission Rights Auction Debit

• Content
• Charges from activity in Real-time Market
• Payments for transmission rights

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Energy Forward Markets(Transmission Rights
Auction)
Real-time Markets
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Energy Forward Markets(Transmission Rights
Auction)
Real-time Markets
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Energy Forward Markets(Transmission Rights
Auction)
Real-time Markets
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Energy Forward Markets(Transmission Rights
Auction)
Real-time Markets
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Energy Forward Market
Real-time Market

• Timelines
• Billing period one week (7 consecutive days)

• Timelines
• Billing period 1 calendar month

• Invoice issued 6 business days after billing
  period

• Invoice issued 10 business days after billing
  period

• Access
• Web via MPI
• EDI 810

• Access
• Web via MPI
• EDI 810