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.
Primary provisions for the settlement of ISO Schedule 2 are included in the ISO Self-Funding Tariff.
ISO Schedule 2 payments are distributed to the ISO.
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.
The monthly contains a single line item netting charges and credits entitled "ISO Schedule 2".
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.
TR_SCH2DT Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.
TR_SCH2TP Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.