ISO Schedule 5 is the vehicle for recovery of funds from transmission customers to cover New England State Committee on Electricity (NESCOE) budgeted operating expenses. The ISO acts as the billing and collection agent for NESCOE for recovery of amounts reflected in the annual NESCOE budget. Regional Network Service (RNS) is the transmission service that transmission customers purchase in order to serve their network load in the New England Control Area.
Primary provisions for the settlement of the ISO Schedule 5 NESCOE include, but are not limited to the ISO Self-Funding Tariff
As the billing and collection agent for NESCOE, ISO New England collects ISO Schedule 5 NESCOE payments and distributes these payments to NESCOE.
ISO Schedule 5 charges are calculated based upon Monthly Regional Network Load value for any transmission customer that is purchasing RNS at the Federal Energy Regulatory Commission (FERC) approved $/kW-month determined annually and effective January 1 through December 31.
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The monthly bill contains a single line item netting charges and credits entitled “ISO Schedule 5 NESCOE”.
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. For settlements post 10/1/2010:
TR_ISOSCH5RNS Summarized in the monthly MIS Report issued one month in arrears of the settlement obligation month.
ISO Schedule 5 NESCOE Calculation Summary
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