What is High Voltage VAR Cost Reallocation?
High Voltage Ampere Reactive (VAR) is the payment made to an asset for providing support during a high voltage condition. The High Voltage VAR Cost Reallocation settlement information is provided under the Standard Settlement reporting structure to reallocate the charges from Pool Network Load to Network Load within Reliability Region(s).
In what document(s) do I find details about the High Voltage VAR Cost Reallocation?
Primary provisions for the settlement of high voltage are located in Schedule 2 of the ISO New England Open Access Transmission Tariff (OATT). Other sections of the OATT and other documents, including, but not limited to, ISO New England Operating Procedure No. 12 (Voltage and Reactive Control), are also applicable.
Who can expect to incur a High Voltage VAR Cost Reallocation Credit or Charge?
Credits
Transmission Customers
VAR Service costs resulting from high voltage conditions are refunded to all transmission customers with Regional Network Service (RNS) and/or Through or Out (TOUT) Service allocated in the OATT -Schedule 2 VAR settlement.
Charges
Network Load
VAR Service costs are reallocated to all transmission customers with Regional Network Service in the affected Reliability Region(s).
Related Standard Settlements
N/A
Related Billing Adjustments
N/A
Bill Detail
The monthly contains the net of charges and credits for High Voltage VAR Cost Reallocation, in the bill roll-up item entitled "OATT-Schedule 2 VAR".
Reports
Daily Financial Position Report
BL_DAILYPOSITION Daily financial position including all market service settlements and miscellaneous billing adjustments generated on a daily basis; and, issued to all active customers registered as a Participant or Non-Participant.
High Voltage VAR Cost Reallocation
SS_HVVAR Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.
FERC EQR
Variable payments for CEP associated with NCPC are reported on the SP_EQR report, available on a monthly basis one month after the given settlement, as referenced in the FERC EQR mapping line items NCPC - Day Ahead or NCPC - Real Time.
Additional Related Materials
Accelerated Settlement, Standard Settlement and Billing Changes Effective 1st Quarter 2008
ISO News Issue 191 - ISO New England to Release New Daily Financial Position Report