Common use of Real-Time Redispatch Settlement Clause in Contracts

Real-Time Redispatch Settlement. If the M2M Flowgate is eligible for redispatch, then compute the real-time redispatch settlement for each interval as specified below. When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 > 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑖 𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 = 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 𝑠𝑖 𝑖 × (𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 < 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 × (𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × 𝑠𝑖/3600𝑠𝑒𝑐 Where: 𝑖 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 =M2M redispatch settlement, in the form of a payment to the Non-Monitoring RTO from the Monitoring RTO, for M2M Flowgate m and interval i; 𝑖 𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 = M2M redispatch settlement, in the form of a payment to the Monitoring RTO from the Non- Monitoring RTO, for M2M Flowgate m and interval i; 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = real-time RTO_MF, determined for settlement in accordance with Section 7.1 above, for M2M Flowgate m and interval i; 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO M2M Entitlement for M2M Flowgate m and interval i; 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; and 𝑠𝑖 = number of seconds in interval i.

Real-Time Redispatch Settlement. If the M2M Flowgate is eligible for redispatch, then compute the real-time redispatch settlement for each interval as specified below. When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 > 𝑀2��_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑖 𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 = 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 𝑠𝑖 𝑖 × (𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 < 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 × (𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × 𝑠𝑖/3600𝑠𝑒𝑐 Where: 𝑖 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 =M2M redispatch settlement, in the form of a payment to the Non-Monitoring RTO from the Monitoring RTO, for M2M Flowgate m and interval i; 𝑖 𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 = M2M redispatch settlement, in the form of a payment to the Monitoring RTO from the Non- Monitoring RTO, for M2M Flowgate m and interval i; 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = real-time RTO_MF, determined for settlement in accordance with Section 7.1 above, for M2M Flowgate m and interval i; 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO M2M Entitlement for M2M Flowgate m and interval i; 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; and 𝑠𝑖 = number of seconds in interval i.

Real-Time Redispatch Settlement. If the M2M Flowgate is eligible for redispatch, then thenFor each M2M Redispatch Flowgate compute the real-time redispatch settlement for each interval as specified below. 𝑖 𝑖 When 𝑅𝑇_𝑀𝑘𝑡𝐹��𝑜𝑤𝑀2𝑀 �𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚 �𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 > 𝑀𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚 2��_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 𝑚𝑖 , 𝑖 𝑀𝑜𝑛��𝑇𝑂_𝑃𝑎𝑦𝑚𝑒�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 = 𝑀𝑜𝑛_𝑆ℎ��𝑑𝑜𝑤$𝑀2𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 𝑀𝑠𝑖 𝐹𝑙𝑜𝑤𝑔𝑖 𝑖 𝑎𝑡𝑒−𝑚𝑖 𝑠𝑖 𝑖 × (𝑅𝑇_𝑀�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚 �𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚 𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 <𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �𝑠𝑖 �2𝑀_𝐸𝑛𝑡𝑀/3600𝑠𝑒𝑐 2𝑀 𝐹����𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁��𝑛_𝑀𝑜𝑛�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 × (𝑀2�Redispatch �_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎����−𝑚𝑖 − 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × 𝑠𝑖/3600𝑠𝑒𝑐 Where: 𝑖 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚Redispatch =M2M redispatch settlement, in the form of a payment𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 to the Non-Monitoring RTO from the Monitoring RTO, for M2M Flowgate m and interval i; 𝑖 𝑀Redispatch 𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜��𝑔𝑎𝑡𝑒−𝑚𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 = M2M redispatch settlement, in the form of Redispatch a payment to the Monitoring RTO from the Non- Monitori𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 ng RTO, for M2M Flowgate m and interval Redispatch i; 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−��𝑖 = real-t𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 ime RTO_MF, determined for settlement in accRedispatch ordance with Section 7.1 above, for M2M Flowgate m and interval i; 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO M2M Entitlement for M2M Flowgate m and interval i; 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; and 𝑠𝑖 = number of seconds in interval i.

Real-Time Redispatch Settlement. If the M2M Flowgate is eligible for redispatch, then compute the real-time redispatch settlement for each interval as specified below. When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 > 𝑀RT_MktFlowM2M FSowgate–n Σ M2M_EntM2M FSowgate–n2��_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−MonRTO_PaynentM2M FSowgate–n 𝑚𝑖 , 𝑖 𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒�Mon_Shadow$M2M FSowgate–n �𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 = 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2RT_MktFlowM2M FSowgate–n — M2M_EntM2M FSowgate–n𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡��−𝑚𝑖 𝑠𝑖 𝑖 × (𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤RT_MktFlowM2M FSowgate–n € M2M_EntM2M FSowgate–n,𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹�Non_Mon_PaynentM2M FSowgate–n ���𝑤𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 Non_Mon_Shadow$M2M FSowgate–n When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 <M2M_EntM2M FSowgate–n — RT_MktFlowM2M FSowgate–n ��2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹��𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁𝑜𝑛_𝑀𝑜𝑛�Non_MonRTO_PaynentM2M FSowgate–n �𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 × (𝑀2𝑀_𝐸𝑛𝑡��2𝑀 𝐹𝑙𝑜𝑤𝑔�m���𝑒−𝑚𝑖 − 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤�MonRTO_PaynentM2M FSowgate–n �2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × 𝑠𝑖/3600𝑠𝑒𝑐 Where: 𝑖 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 =M2M redispatch settlememnt, in the form of a paymentRT_MktFlowM2M FSowgate–n to the Non-Monitoring RTO from the Monitoring RTO, for M2M Flowgate m and interval i; 𝑖 𝑀𝑜𝑛𝑅𝑇��_𝑃𝑎𝑦𝑚𝑒𝑛𝑡m𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚M2M_EntM2M FSowgate–n = M2M redispatch settlement, in the form of a payment to the Monitorimng RTO from the Non- MonitoriMon_Shadow$M2M FSowgate–n ng RTO, for M2M Flowgate m and interval i; 𝑅𝑇_���m; �𝑡��𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = real-tNon_Mon_Shadow$M2M FSowgate–n ime RTO_MF, determined for settlement in accordance with Section 7.1 above, for M2M Flowgate m and interval i; �m.�2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO M2M Entitlement for M2M Flowgate m and interval i; 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = Non-Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; and 𝑠𝑖 = number of seconds in interval i.