ISO-NE Supply Price Points Sample Clauses

ISO-NE Supply Price Points. NYISO will manage the clearing and scheduling of CTS Interface Bids using its Real-Time Commitment (“RTC”) optimization system in accordance with the rules specified in the NYISO Services Tariff and the additional details provided in Schedule D for CTS Interface Bid clearing and scheduling. Because a CTS Interface Bid is a spread bid – indicating the minimum price difference between the two regions the market participant is willing to accept – to clear CTS Interface Bids ISO-NE must provide NYISO with the underlying price points, representing the forecast prices for energy at varying interchange levels at the CTS Enabled Interface. Article III addresses how this price data – referred to ISO-NE Supply Price Points – will be calculated and provided to the NYISO. ISO-NE Supply Price Points will be calculated as a set of increasing forecast energy prices at the relevant External Proxy Bus for the CTS Enabled Interface, with each price point corresponding to a net interchange level. The resulting MW-price pairs, where the MW value represents a net interchange level on the CTS Enabled Interface and the price value represents ISO-NE’s forecast of its real-time LMP for its External Proxy Bus at that net interchange MW level, will be provided to NYISO each quarter hour, with 10 consecutive quarter-hour sets of price points provided each quarter hour. Article III requires that ISO-NE calculate the price points using a forward-looking version of the security-constrained economic dispatch that ISO-NE uses for dispatching its system, using current unit commitment information and current production data. These requirements help ensure that the price points are an accurate representation of prices on the New England side of the interface.
Sample 1
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