The ISO will request Emergency Energy Transactions (EETs), as necessary, from the Market Participants in order to maintain operating reserve during an Operating Procedure 4 - Capacity Deficiency event. Participant EETs are scheduled on a least cost basis during hours that Operating Procedure 4 - Action 11 is in effect. EETs do not set the Real-Time LMP. RT Energy Emergency Purch EET credits are calculated for scheduled EETs with offer costs in excess of the Real-Time LMP. RT Energy Emergency Purch EET settlement information is provided under the Standard Settlement reporting structure.
Primary provisions for the settlement of the RT Energy Emergency Purch EET are included in, but not limited to Market Rule 1 and ISO New England Manual for Market Rule 1 Accounting Manual M-28.
Market Participants with scheduled EETs that have offer costs in excess of the Real-Time LMP.
Charges for RT Energy Emergency Purch EET are allocated to Market Participants based on negative Real-Time deviations. A detailed description of this allocation method is located in ISO New England Manual for Market Rule 1 Accounting Manual M-28.
Note: Coordinated external transactions are not included in the calculation of negative Real-Time deviations.
The hourly services bill contains a single line item netting charges and credits entitled "RT Energy Emergency Purch EET", on an event basis.
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.
SS_RTEEPEET Summary of a Participant's hourly RT Energy - Emergency Purchase - EET credits, and Summary of a Participant's hourly allocation of Pool RT Energy - Emergency Purchase - EET charges, issued upon settlement of the Market Day.
RT Energy Emergency Purch EET is 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 item Emergency Energy - EET.