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