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$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 𝑠𝑖 𝑖 × (𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 < 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$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$𝑀2𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 𝑀𝑠𝑖 𝐹𝑙𝑜𝑤𝑔𝑖 𝑖 𝑎𝑡𝑒−𝑚𝑖 𝑠𝑖 𝑖 × (𝑅𝑇_𝑀�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚 �𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚 𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �𝑤𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 Wh𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 en 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 � 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 < �𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �2𝑠𝑖 𝑀_𝐸𝑛𝑡𝑀2�/3600𝑠𝑒𝑐 � 𝐹𝑙����𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁𝑜��_𝑀𝑜𝑛𝑅�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 �𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 × (𝑀2Redispatch 𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑅𝑇_𝑀��𝑡𝐹𝑙𝑜𝑤𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × 𝑠𝑖/3600𝑠𝑒𝑐 Where: 𝑖 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−�Redispatch � =M2M redispatch settlement, in the form of a paymen𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 t to the Non-Monitoring RTO from the Monitoring RTO, for M2M Flowgate m and interval i; 𝑖 �Redispatch �𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−�𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 � = M2M redispatch settlement, in the form ofRedispatch a payment to the Monitoring RTO from the Non- Monitor𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 ing RTO, for M2M Flowgate m and intervalRedispatch i; 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = real-𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒−𝑚𝑖 time RTO_MF, determined for settlement in acRedispatch cordance 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 𝐹𝑙�Non_Mon_PaynentM2M FSowgate–n ���𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 WhNon_Mon_Shadow$M2M FSowgate–n en 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 < �M2M_EntM2M FSowgate–n — RT_MktFlowM2M FSowgate–n�2𝑀_𝐸𝑛𝑡𝑀2�� 𝐹𝑙��𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅�Non_MonRTO_PaynentM2M FSowgate–n �𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 × (𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔m𝑎𝑡𝑒−𝑚𝑖 − 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤MonRTO_PaynentM2M FSowgate–n 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × 𝑠𝑖/3600𝑠𝑒𝑐 Where: 𝑖 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 =M2M redispatch settlemment, in the form of a paymenRT_MktFlowM2M FSowgate–n t to the Non-Monitoring RTO from the Monitoring RTO, for M2M Flowgate m and interval i; 𝑖 𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛�m���2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−�M2M_EntM2M FSowgate–n � = M2M redispatch settlement, in the form of a payment to the Monitorming RTO from the Non- MonitorMon_Shadow$M2M FSowgate–n ing RTO, for M2M Flowgate m and interval i; 𝑅𝑇_𝑀m; 𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 = real-Non_Mon_Shadow$M2M FSowgate–n time RTO_MF, determined for settlement in accordance with Section 7.1 above, for M2M Flowgate m and interval i; m.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−𝑖 𝑚𝑖 , 𝑖 𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 = 𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 𝑠𝑖 𝑖 × (𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 − 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 ) × /3600𝑠𝑒𝑐 When 𝑅𝑇_𝑀𝑘𝑡𝐹𝑙𝑜𝑤𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 < 𝑀2𝑀_𝐸𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚𝑖 , 𝑁𝑜𝑛_𝑀𝑜𝑛𝑅𝑇𝑂_𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒−𝑚 𝑖 𝑖 = 𝑁𝑜𝑛_𝑀𝑜𝑛_𝑆ℎ𝑎𝑑𝑜𝑤$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.