ISO Schedule 2

What is ISO Schedule 2?

ISO Schedule 2 Energy Administration Service (EAS) is the service provided by ISO New England to administer the Energy Market. This administration includes the core operation of the Energy Market, generation dispatch, and energy accounting.

In what document(s) do I find details about ISO Schedule 2?

Primary provisions for the settlement of ISO Schedule 2 are included in the ISO Self-Funding Tariff.

Who can expect to incur an ISO Schedule 2 Credit or Charge?



ISO Schedule 2 payments are distributed to the ISO.


Market Participants

ISO Schedule 2 EAS charges are based upon Energy Transaction Units (TUs); Increment Offers and Decrement Bids; Volumetric Measure (VM); and, Submitted and Cleared Financial Transmission Rights (FTR) Bids. These charges recover the costs to operate ISO New England Energy Markets. The Federal Energy Regulatory Commission (FERC) approved rates for ISO New England Schedule 2 are established each year effective January 1 through December 31 and are available in the ISO Self-Funding Tariff.

Related Standard Settlements


Related Billing Adjustments


Bill Detail

The monthly contains a single line item netting charges and credits entitled "ISO Schedule 2".


Daily Financial Position Report

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.

Tariff-ISO Tariff Schedule 2 Detail

TR_SCH2DT Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.

Tariff-ISO Tariff Schedule 2 Top Level

TR_SCH2TP Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.

Related Calculation Summary

ISO Schedule 2 Calculation Summary



Additional Related Materials

ISO News Issue 191 - ISO New England to Release New Daily Financial Position Report

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