Calculation of Transmission Congestion Credits Sample Clauses

Calculation of Transmission Congestion Credits. The total of all the target allocations determined as specified above shall be compared to the total Transmission Congestion Charges in each hour. If the total of the target allocations is less than the total of the Transmission Congestion Charges, the Transmission Congestion Credit for each Network Service User and Transmission Customer shall be equal to its target allocation. All remaining Transmission Congestion Charges shall be distributed as described below in Section 5.2.6 "
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Calculation of Transmission Congestion Credits. (b) If the total of the Target Allocations is greater than the total Transmission Congestion Charges for the hour resulting from both the Day-ahead Energy Market and the Real-time Energy Market, each FTR Hholder of Financial Transmission Rights shall be assigned a share of the total Transmission Congestion Charges in proportion to its Target Allocations for Financial Transmission Rights which have a positive Target Allocation value. Financial Transmission Rights which have a negative Target Allocation value are assigned the full Target Allocation value as a negative Transmission Congestion Credit. (c) At the end of a Planning Period if all FTR Hholders did not receive Transmission Congestion Credits equal to their Target Allocations, the Office of the Interconnection shall assess a charge equal to the difference between the Transmission Congestion Credit Target Allocations for all revenue deficient FTRs and the actual Transmission Congestion Credits allocated to those FTR Hholders. A charge assessed pursuant to this section shall also include any aggregate charge assessed pursuant to section 7.4.4(c) of Schedule 1 of this Agreement and shall be allocated to all FTR Hholders on a pro-rata basis according to the total Target Allocations for all FTRs held at any time during the relevant Planning Period. The charge shall be
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Calculation of Transmission Congestion Credits. (a) The total of all the positive Target Allocations determined as specified above shall be compared to the Day-ahead Energy Market Transmission Congestion Charges in each hour. If the total of the Target Allocations is less than or equal to the total of the Day-ahead Energy Market Transmission Congestion Charges, the Transmission Congestion Credit for each entity holding an FTR shall be equal to its Target Allocation. All remaining Day-ahead Energy Market Transmission Congestion Charges shall be distributed as described below in Operating Agreement, Schedule 1, section 5.2.6 “Distribution of Excess Congestion Charges.” (b) If the total of the Target Allocations is greater than the Day-ahead Energy Market Transmission Congestion Charges for the hour, each FTR Holder shall be assigned a share of the Day-ahead Energy Market Transmission Congestion Charges in proportion to its Target Allocations for Financial Transmission Rights which have a positive Target Allocation value. Financial Transmission Rights which have a negative Target Allocation value are assigned the full Target Allocation value as a negative Transmission Congestion Credit. (c) At the end of a Planning Period if all FTR Holders did not receive Transmission Congestion Credits equal to their Target Allocations, the Office of the Interconnection shall assess a charge equal to the difference between the Transmission Congestion Credit Target Allocations for all revenue deficient FTRs and the actual Transmission Congestion Credits allocated to those FTR Holders. A charge assessed pursuant to this section shall also include any aggregate charge assessed pursuant to Operating Agreement, Schedule 1, section 7.4.4(c) and shall be allocated to all FTR Holders on a pro-rata basis according to the total Target Allocations for all FTRs held at any time during the relevant Planning Period. The charge shall be calculated and allocated in accordance with the following methodology: 1. The Office of the Interconnection shall calculate the total amount of uplift required as {[sum of the total monthly deficiencies in FTR Target Allocations for the Planning Period + the sum of the ARR Target Allocation deficiencies determined pursuant to Operating Agreement, Schedule 1, section 7.4.4(c)] – [sum of the total monthly excess ARR revenues and excess Day-ahead Energy Market Transmission Congestion Charges for the Planning Period]}. 2. For each Market Participant that held an FTR during the Planning Period, the Office of...
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