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: 1. 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 2. 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: 1. actual real-time flow on each of the NY-NJ PARs compared to its target flow (TargetPARx);

Information Used to Calculate M2M Settlements. For each M2M Flowgate there are two components of the M2M settlement, a redispatch component and a NYRamapo PARsNY-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: 1. 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 2. the ex-ante Shadow Price at each M2M Flowgate. For the Ramapo NY-NJ PARs coordination component, Market settlements under this M2M Schedule will be calculated based on the following: 1. actual real-time flow on each of the NYRamapoNY-NJ PARs compared to its target flow (TargetPARxTargetRamapoTargetPARx);