Common use of Information Used to Calculate M2M Settlements Clause in Contracts

Information Used to Calculate M2M Settlements. For each M2M Flowgate there are two components of the M2M settlement, a redispatch component and a NY-NJ PAR coordination component. Both M2M settlement components are defined below. For the redispatch component, market settlements under this M2M Schedule will be calculated based on the following: the Non-Monitoring RTO’s real-time Market Flow, determined in accordance with Section 7.1 above, on each M2M Flowgate compared to its M2M Entitlement for M2M Flowgates eligible for redispatch on each M2M Flowgate; and the ex-ante Shadow Price at each M2M Flowgate. For the NY-NJ PARs coordination component, Market settlements under this M2M Schedule will be calculated based on the following: actual real-time flow on each of the NY-NJ PARs compared to its target flow (TargetPARx); PSF for each NY-NJ PAR onto each M2M Flowgate; and the ex-ante Shadow Price at each M2M Flowgate. Either or both of the Parties shall be excused from paying an M2MPARSettlement (described in Section 8.3 of this Schedule D) to the other Party at times when a Storm Watch is in effect in New York and the operating requirements and other criteria set forth in Section 8.3.1 below are satisfied.

Information Used to Calculate M2M Settlements. For each M2M Flowgate there are two components of the M2M settlement, a redispatch component and a NY-NJ PAR Ramapo PARs coordination component. Both M2M settlement components are defined below. For the redispatch component, market settlements under this M2M Schedule will be calculated based on the following: the Non-Monitoring RTO’s real-time Market Flow, determined in accordance with Section 7.1 above, on each M2M Flowgate compared to its M2M Entitlement for M2M Flowgates eligible for redispatch on each M2M Flowgate; and the ex-ante Shadow Price at each M2M Flowgate. For the NY-NJ Ramapo PARs coordination component, Market settlements under this M2M Schedule will be calculated based on the following: actual real-time flow on each of the NY-NJ Ramapo PARs compared to its target flow (TargetPARxTargetRamapo); Ramapo PSF for each NY-NJ PAR onto each M2M Flowgate; and the ex-ante Shadow Price at each M2M Flowgate. Either or both of the Parties shall be excused from paying an M2MPARSettlement a PJMRamapoPayment or a NYRamapoPayment (described in Section section 8.3 of this Schedule Dbelow) to the other Party at times when a Storm Watch is in effect in New York and the operating requirements and other criteria set forth in Section 8.3.1 below are satisfied.