The reserve market consists of two distinct products for the provision of reserve capacity in New England. This capacity is available for dispatch during system contingencies, which are unplanned disconnections of power system elements, such as transmission facilities or generators, from the electricity grid.
Primary provisions for the settlement of the reserve market are included in, but not limited to, Market Rule 1, ISO New England Manual for Market Rule 1 Accounting Manual M-28, and ISO New England Manual for Forward Reserve M-36.
The market participant with an obligation in the Forward Reserve Market who fails to provide the service is subject to penalties. The total credits and penalty charges associated with the Forward Reserve Market and the total credits associated with real-time reserves are allocated as charges to market participants based on real-time load obligations in applicable load zones.
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The hourly services bill contains a single line item entitled "Reserve Market.” This line item is the net of charges and credits for both the Forward Reserve Market and real-time reserves.
BL_DAILYPOSITION—Daily financial position, including all market service settlements and miscellaneous billing adjustments generated on a daily basis, issued to all active customers registered as a participant or non-participant
SD_RSVASTDTL—Hourly detail of a participant’s reserve information by asset, issued upon settlement of the market day
SD_RSVDTL5MIN—Five-minute detail of a participant’s reserve information by asset, issued upon settlement of the market day
SD_RSVTRANSACT—Hourly detail of a participant’s forward reserve bilateral transactions, issued upon settlement of the market day
SR_RSVCHARGE—Summary of pool charges and participant’s charges by hour, issued upon settlement of the market day
SR_RSVSTL—Summary of pool credits by hour and participant’s credits and charges by hour, issued upon settlement of the market day
SR_RSVZONESUM—Summary of a participant’s reserve market credits and charges by zone, product, and hour, issued upon settlement of the market day
Forward Reserve Market Calculation Summary
Real-Time Reserve Market Calculation Summary
Reserves are reported on the SP_EQR report, available on a monthly basis one month after the given settlement, as referenced in the line items prefaced with the titles “Forward Reserve Market” and “Real-Time Reserve Market” in ISO-NE Settlements to FERC EQR Product Mapping.