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 _2 − > 2_2 −, _2 − = _ℎ$2 − × (_2 − − 2_2 − ) × ⁄3600 When _2 − < 2_2 −, __2 − = __ℎ$2 − × (2_2 − − _2 − ) × ⁄3600 Where: __2 − =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; _2 − = 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; _2 − = real-time RTO_MF, determined for settlement in accordance with Section 7.1 above, for M2M Flowgate m and interval i; 2_2 − = Non-Monitoring RTO M2M Entitlement for M2M Flowgate m and interval i; _ℎ$2 − = Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; __ℎ$2 − = Non-Monitoring RTO’s Shadow Price for M2M Flowgate m and interval i; and = number of seconds in interval i.