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

Information Used to Calculate M2M Settlements. For each 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 Redispatch Flowgate compared to its M2M Entitlement for M2M Redispatch Flowgates eligible for redispatch on each M2M Redispatch Flowgate; and the ex-ante Shadow Price at each M2M Redispatch Flowgate. When determining M2M settlements for a M2M Redispatch Flowgate, each Party will use the M2M Entitlement that corresponds to the period/group for which the real-time Market Flow is being calculated except for the following scenarios: When the Non-Monitoring RTO’s M2M Entitlement is negative and the net market flow of the Non-Monitoring RTO is greater than or equal to zero the M2M Entitlement will be set to zero. When the Non-Monitoring RTO’s M2M Entitlement is negative and the net market flow of the Non-Monitoring RTO is also negative, but exceeds the M2M Entitlement, both the M2M Entitlement and market flow will be set to zero. Redispatch coordination for Other Coordinated Flowgates is not subject to redispatch settlement under Section 8.2 of this Schedule D. NY-NJ PAR coordination for Other Coordinated Flowgates is subject to NY-NJ PAR coordination settlement under Section 8.3 of this Schedule D . 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.