ISO Schedule 3

What is ISO Schedule 3?

ISO Schedule 3 Reliability Administration Service (RAS) is the service provided by ISO New England to administer the Reliability Markets, and to provide other reliability and informational services.

In what document(s) do I find details about ISO Schedule 3?

Primary provisions for the settlement of the ISO Schedule 3 are included in the ISO Self-Funding Tariff.

Who can expect to incur an ISO Schedule 3 Credit or Charge?

Credits

ISO-NE

ISO Schedule 3 payments are distributed to ISO-NE.

Charges

Market Participants

Under ISO Schedule 3 RAS, Market Participants are charged for Schedule 3 based on their Real-Time Non-Coincidental Peak (NCP) Load Obligations for the month. Market Participants who have Exports will be charged based on their MWh of exports in the month.

Non-Market Participant Transmission Customers

Under ISO Schedule 3 RAS, a Non-Market Participant Transmission Customer is charged for Schedule 3 based on its hourly reservations for Through or Out Service. The Federal Energy Regulatory Commission (FERC) approved rates for ISO New England Schedule 3 are established each year effective January 1 through December 31 and are available in the ISO Self-Funding Tariff.

Related Standard Settlements

N/A

Related Billing Adjustments

N/A

Bill Detail

The monthly bill contains three line items netting charges and credits entitled "ISO Schedule 3 Peak", or "ISO Schedule 3 Exports" or "ISO Schedule 3 Non-Part TOUT".

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.

Tariff-ISO Tariff Schedule 3 Part 1

TR_SCH3P1 Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.

Tariff-ISO Tariff Schedule 3 Part 2

TR_SCH3P2 Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.

Related Calculation Summary

ISO Schedule 3 Calculation Summary

FERC EQR

N/A

Additional Related Materials


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

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