SETTLEMENTSTATEMENTS

ANDINVOICES

SETTLEMENTSTATEMENTS

ANDINVOICES

Market SettlementProcess OverviewMarket SettlementProcess Overview

TransferTransferFundsFunds

$$InvoiceInvoice

ParticipantsParticipantsReconcileReconcileMarketsMarkets

Gather and Gather and Process DataProcess Data

“Real-time Markets” Statements

“Real-time Markets” Statements

TradingTradingDayDay

10 Business 10 Business DaysDays

Preliminary Preliminary DailyDaily

StatementStatement

Final Daily Final Daily StatementStatement

12 Business 12 Business DaysDays

“Real-time Markets” Invoices

“Real-time Markets” Invoices

Calendar Month Calendar Month of of

Trading DaysTrading Days

2 2 BusinessBusiness

DaysDays

2 2 Business Business

DaysDays

10 10 Business Business

DaysDays

MonthlyMonthlyInvoiceInvoice

PurchasersPurchasersPay IMOPay IMO

IMO PaysIMO PaysSuppliersSuppliers

$$ $$

Settlement ScheduleSettlement Schedule

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N O V E M B E RN O V E M B E R

11 22 33 44 55

88 99 1010 1111 121266 77

1515 1616 1717 1818 19191313 1414

2222 2323 2424 2525 26262020 2121

2929 30302727 2828

Trading Trading DayDay

Trading Trading DayDay

1717

Preliminary Preliminary StatementStatement

Trading Trading DayDay

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N O V E M B E RN O V E M B E R

N1N1 N2N2 N3N3 N4N4 N5N5

N8N8 N9N9 N10N10 N11N11 N12N12N6N6 N7N7

N15N15 N16N16 N17N17 N18N18 N19N19N13N13 N14N14

N22N22 N23N23 N24N24 N25N25 N26N26N20N20 N21N21

N29N29 N30N30N27N27 N28N28

PN 1PN 1 PN 2PN 2 PN 3,4,5PN 3,4,5

PN 8PN 8 PN 9PN 9 PN 10,11,12PN 10,11,12PN 6PN 6 PN 7PN 7

PN 15PN 15 PN 16PN 16PN 13PN 13 PN 14PN 14

Calendar for Real-time MarketCalendar for Real-time MarketPreliminary and Final Statements are issued dailyPreliminary and Final Statements are issued daily

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N O V E M B E RN O V E M B E R

N1N1 N2N2 N3N3 N4N4 N5N5

N8N8 N9N9 N10N10 N11N11 N12N12N6N6 N7N7

N15N15 N16N16 N17N17 N18N18 N19N19N13N13 N14N14

N22N22 N23N23 N24N24 N25N25 N26N26N20N20 N21N21

N29N29 N30N30N27N27 N28N28

PN 1PN 1 PN 2PN 2 PN 3,4,5PN 3,4,5

PN 8PN 8 PN 9PN 9 PN 10,11,12PN 10,11,12PN 6PN 6 PN 7PN 7

PN 15PN 15 PN 16PN 16PN 13PN 13 PN 14PN 14

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

D E C E M B E RD E C E M B E R

D1D1 D2D2 D3D3

D6D6 D7D7 D8D8 D9D9 D10D10D4D4 D5D5

D13D13 D14D14 D15D15 D16D16 D17D17D11D11 D12D12

D20D20 D21D21 D22D22 D23D23 D24D24D18D18 D19D19

D27D27 D28D28D25D25 D26D26

PN 29PN 29FN 13FN 13

PN 30PN 30FN 14FN 14

PD 1,2,3PD 1,2,3FN 15FN 15

PD 6PD 6FN 20FN 20

PD 7PD 7FN 21FN 21

PD 8,9,10PD 8,9,10FN 22FN 22

PD 4PD 4FN 16FN 16

PD 5PD 5FN 17,18,19FN 17,18,19

PD 11PD 11FN 23FN 23

PD 12PD 12FN 24,25,26FN 24,25,26

D30D30 D31D31D29D29PD 13PD 13FN 27FN 27

PN 27PN 27FN 9FN 9

PN 28PN 28FN 10,11,12FN 10,11,12

PN 22PN 22FN 6FN 6

PN 23PN 23FN 7FN 7

PN 24,25,26PN 24,25,26FN 8FN 8

PN 20PN 20FN 2FN 2

PN 21PN 21FN 3,4,5FN 3,4,5

PN 17,18,19PN 17,18,19FN1FN1

Calendar for Real-time MarketCalendar for Real-time MarketPreliminary and Final Statements are issued dailyPreliminary and Final Statements are issued daily

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N O V E M B E RN O V E M B E R

N1N1 N2N2 N3N3 N4N4 N5N5

N8N8 N9N9 N10N10 N11N11 N12N12N6N6 N7N7

N15N15 N16N16 N17N17 N18N18 N19N19N13N13 N14N14

N22N22 N23N23 N24N24 N25N25 N26N26N20N20 N21N21

N29N29 N30N30N27N27 N28N28

PN 1PN 1 PN 2PN 2 PN 3,4,5PN 3,4,5

PN 8PN 8 PN 9PN 9 PN 10,11,12PN 10,11,12PN 6PN 6 PN 7PN 7

PN 15PN 15 PN 16PN 16PN 13PN 13 PN 14PN 14

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

D E C E M B E RD E C E M B E R

D1D1 D2D2 D3D3

D6D6 D7D7 D8D8 D9D9 D10D10D4D4 D5D5

D13D13 D14D14 D15D15 D16D16 D17D17D11D11 D12D12

D20D20 D21D21 D22D22 D23D23 D24D24D18D18 D19D19

D27D27 D28D28D25D25 D26D26

PN 29PN 29FN 13FN 13

PN 30PN 30FN 14FN 14

PD 1,2,3PD 1,2,3FN 15FN 15

PD 6PD 6FN 20FN 20

PD 7PD 7FN 21FN 21

PD 8,9,10PD 8,9,10FN 22FN 22

PD 4PD 4FN 16FN 16

PD 5PD 5FN 17,18,19FN 17,18,19

PD 11PD 11FN 23FN 23

PD 12PD 12FN 24,25,26FN 24,25,26

D30D30 D31D31D29D29PD 13PD 13FN 27FN 27

PN 27PN 27FN 9FN 9

PN 28PN 28FN 10,11,12FN 10,11,12

PN 22PN 22FN 6FN 6

PN 23PN 23FN 7FN 7

PN 24,25,26PN 24,25,26FN 8FN 8

PN 20PN 20FN 2FN 2

PN 21PN 21FN 3,4,5FN 3,4,5

PN 17,18,19PN 17,18,19FN1FN1

Invoices for the Real-time MarketInvoices for the Real-time MarketInvoices are composed of both Final and Preliminary dataInvoices are composed of both Final and Preliminary data

D1D1

D14D14PN 30PN 30FN 14FN 14

PN 17,18,19PN 17,18,19FN1FN1

Invoice for NovemberInvoice for NovemberFinal Statements: Final Statements:

Nov 1-14Nov 1-14Preliminary Statements: Preliminary Statements:

Nov 15-30Nov 15-30

NEMSC - 0100NEMSC - 0100

• Settlement of energy for generators and dispatchable loads• Settlement of energy for generators and dispatchable loads

priceprice net allocated quantitynet allocated quantity adjustment for physical adjustment for physical bilateral contractsbilateral contracts

NEMSCk,h = Σt,m[EMPhm,t x ((AQEIk,h

m,t - AQEWk,hm,t) + Σs(BCQs,k,h

m,t - BCQk,s,hm,t ))]NEMSCk,h = Σt,m[EMPh

m,t x ((AQEIk,hm,t - AQEWk,h

m,t) + Σs(BCQs,k,hm,t - BCQk,s,h

m,t ))]

Where:

k = Market Participanth = Settlement Hourt = Metering Intervalm = RWM (metering point)s = Market Participant

Where:

k = Market Participanth = Settlement Hourt = Metering Intervalm = RWM (metering point)s = Market Participant

* AQEW/I include DQSW/I at the interties

* AQEW/I include DQSW/I at the interties

quantityquantity

NEMSC - 0101NEMSC - 0101• Settlement of energy for non-dispatchable loads,

self-scheduled and intermittent generators• Settlement of energy for non-dispatchable loads,

self-scheduled and intermittent generators

net allocated quantity adjustment for physical bilateral contracts

price

price

NEMSCk,h = HOEPh x Σt,m (AQEIk,hm,t - AQEWk,h

m,t + Σs BCQs,k,hm,t) - Σn,b,t (EMPh

n,t x BCQk,b,hn,t)NEMSCk,h = HOEPh x Σt,m (AQEIk,h

m,t - AQEWk,hm,t + Σs BCQs,k,h

m,t) - Σn,b,t (EMPhn,t x BCQk,b,h

n,t)

Where:

k = Market Participanth = Settlement Hourt = Metering Intervalm = RWM (metering point)s = Market Participantb = Market Participantn = Metering and Intertie Points

Where:

k = Market Participanth = Settlement Hourt = Metering Intervalm = RWM (metering point)s = Market Participantb = Market Participantn = Metering and Intertie Points

Preliminary Settlement Statement FilePreliminary Settlement Statement FileHeader Record (H code)

Example for a generatorHeader Record (H code)

Example for a generator

H | 1000 | 01-NOV-2000 | 9876543 | ST | P | P | 2725.50 | 2725.50 H | 1000 | 01-NOV-2000 | 9876543 | ST | P | P | 2725.50 | 2725.50

HeaderHeader

MP’s IDMP’s ID

Primary trading dayPrimary trading day

Statement IDStatement ID

File typeST = statement

File typeST = statement

Statement typeP = physical

Statement typeP = physical

Settlement type P = preliminary

Settlement type P = preliminary

Amount due for that trading date statementAmount due for that

trading date statement

Amount due in total for billing period

Amount due in total for billing period

Preliminary Settlement Statement FilePreliminary Settlement Statement FileSummary Records (SC code)

Example for a generatorSummary Records (SC code)

Example for a generator

SC | 100 | 0100 NET ENERGY MARKET SETTLEMENT FOR GENERATORS AND DISPATCHABLE LOAD | 01-NOV-2000 | 1745.06 | N

SC | 100 | 0100 NET ENERGY MARKET SETTLEMENT FOR GENERATORS AND DISPATCHABLE LOAD | 01-NOV-2000 | 1745.06 | N

Record typeRecord typeCharge

typeCharge

type

Trading dateTrading date

Charge type descriptionCharge type description

Settlement totalSettlement total

Adjustment flagAdjustment flag

Preliminary Settlement Statement FilePreliminary Settlement Statement FileDetail Records (DP code)

Example for a loadDetail Records (DP code)

Example for a load

DP | 100 | 01-NOV-2000 | 1 | 1 | 138.95 | ONZN | 123456 | P | 5.0 | 27.79 | | | | | | | | | | 0.0700 | 0 | 0 | 0 | 0 | 0 | 5.0 | | 9.73 | | | | 0.0700 | 0.00

DP | 100 | 01-NOV-2000 | 1 | 1 | 138.95 | ONZN | 123456 | P | 5.0 | 27.79 | | | | | | | | | | 0.0700 | 0 | 0 | 0 | 0 | 0 | 5.0 | | 9.73 | | | | 0.0700 | 0.00

Record typeRecord typeCharge

typeCharge

typeTrading

dateTrading

date HourHour

Minute intervalMinute

interval

Settlement amount

Settlement amount

ZoneID

ZoneID

Location ID

Location ID

Settlement typeSettlement type

Bill quantity

Bill quantity

PricePrice

Bilateral quantity bought

Bilateral quantity bought

Bilateral quantity sold

Bilateral quantity sold

AQEIAQEI

Energy tax amount

Energy tax amount

Tax rateTax rate

AQEWAQEW

Schedule export quantity

Schedule export quantity

Schedule import quantity

Schedule import quantity

Bilateral tax rateBilateral tax rate

Bilateral Tax

Amount

Bilateral Tax

Amount

Settlement ScheduleSettlement Schedule

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N O V E M B E RN O V E M B E R

11 22 33 44 55

88 99 1010 1111 121266 77

1515 1616 1717 1818 19191313 1414

2222 2323 2424 2525 26262020 2121

2929 30302727 2828

2222

1515

Last Day to file Last Day to file Notice of Notice of

DisagreementDisagreement

Preliminary Preliminary StatementStatement

NOD Home ScreenNOD Home Screen

NOD Contact InformationNOD Contact Information

NOD DetailsNOD Details

Notice of Disagreement ProcessNotice of Disagreement Process

11File a Notice of Disagreement within 5 business days of statement issueFile a Notice of Disagreement within 5 business days of statement issue

22

33Possibilities for resolution: IMO disagrees, no action is taken IMO agrees with the issue and the proposed solution IMO agrees with the issue but proposes a different

solution

Possibilities for resolution: IMO disagrees, no action is taken IMO agrees with the issue and the proposed solution IMO agrees with the issue but proposes a different

solution

If the Notice of Disagreement directly affects other MP’s MP’s will be notified

If the Notice of Disagreement directly affects other MP’s MP’s will be notified

Notice of Disagreement ProcessNotice of Disagreement Process

44 If the issue is resolved before the final statement: The adjustment will appear on the final statement

If the issue is resolved before the final statement: The adjustment will appear on the final statement

55If the issue is resolved after the final statement: The adjustment will appear on a subsequent

preliminary statement and related final statement

If the issue is resolved after the final statement: The adjustment will appear on a subsequent

preliminary statement and related final statement

66 IMO must respond to Notice of Disagreement within 15 business days after final statement issueIMO must respond to Notice of Disagreement within 15 business days after final statement issue

DisagreementDisagreementIf you:

• Disagree with the solution for the Notice of Disagreement

or

• Miss the 5 business day deadline for filing a Notice of Disagreement for a trading day

If you:

• Disagree with the solution for the Notice of Disagreement

or

• Miss the 5 business day deadline for filing a Notice of Disagreement for a trading day

Next Step:

Dispute Resolution Process

Next Step:

Dispute Resolution Process

Final Settlement StatementsFinal Settlement Statements

TradingTradingDayDay

10 Business 10 Business DaysDays

Preliminary Preliminary Settlement Settlement StatementStatement

FinalFinalSettlementSettlementStatementStatement

12 Business 12 Business DaysDays

DisagreementDisagreement

Dispute Resolution Process

• File within 20 business days of final statement issue

Dispute Resolution Process

• File within 20 business days of final statement issue

Invoices For The Real-time MarketInvoices For The Real-time Market

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N O V E M B E RN O V E M B E R

11 22 33 44 55

88 99 1010 1111 121266 77

1515 1616 1717 1818 19191313 1414

2222 2323 2424 2525 26262020 2121

2929 30302727 2828

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

D E C E M B E RD E C E M B E R

11 22 33

66 77 88 99 101044 55

1313 1414 1515 1616 17171111 1212

2020 2121 2222 2323 24241818 1919

2727 28282525 2626 3030 31312929

1414

• Billing Period is one calendar month

• Billing Period is one calendar month

• Invoices will be issued on the 10th business day after the last trading day of the month

• Invoices will be issued on the 10th business day after the last trading day of the month

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N O V E M B E RN O V E M B E R

N1N1 N2N2 N3N3 N4N4 N5N5

N8N8 N9N9 N10N10 N11N11 N12N12N6N6 N7N7

N15N15 N16N16 N17N17 N18N18 N19N19N13N13 N14N14

N22N22 N23N23 N24N24 N25N25 N26N26N20N20 N21N21

N29N29 N30N30N27N27 N28N28

PN 1PN 1 PN 2PN 2 PN 3,4,5PN 3,4,5

PN 8PN 8 PN 9PN 9 PN 10,11,12PN 10,11,12PN 6PN 6 PN 7PN 7

PN 15PN 15 PN 16PN 16PN 13PN 13 PN 14PN 14

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

D E C E M B E RD E C E M B E R

D1D1 D2D2 D3D3

D6D6 D7D7 D8D8 D9D9 D10D10D4D4 D5D5

D13D13 D14D14 D15D15 D16D16 D17D17D11D11 D12D12

D20D20 D21D21 D22D22 D23D23 D24D24D18D18 D19D19

D27D27 D28D28D25D25 D26D26

PN 29PN 29FN 13FN 13

PN 30PN 30FN 14FN 14

PD 1,2,3PD 1,2,3FN 15FN 15

PD 6PD 6FN 20FN 20

PD 7PD 7FN 21FN 21

PD 8,9,10PD 8,9,10FN 22FN 22

PD 4PD 4FN 16FN 16

PD 5PD 5FN 17,18,19FN 17,18,19

PD 11PD 11FN 23FN 23

PD 12PD 12FN 24,25,26FN 24,25,26

D30D30 D31D31D29D29PD 13PD 13FN 27FN 27

PN 27PN 27FN 9FN 9

PN 28PN 28FN 10,11,12FN 10,11,12

PN 22PN 22FN 6FN 6

PN 23PN 23FN 7FN 7

PN 24,25,26PN 24,25,26FN 8FN 8

PN 20PN 20FN 2FN 2

PN 21PN 21FN 3,4,5FN 3,4,5

PN 17,18,19PN 17,18,19FN1FN1

Invoices for the Real-time MarketInvoices for the Real-time MarketInvoices are composed of both Final and Preliminary dataInvoices are composed of both Final and Preliminary data

D1D1

D14D14PN 30PN 30FN 14FN 14

PN 17,18,19PN 17,18,19FN1FN1

Invoice for NovemberInvoice for NovemberFinal Statements: Final Statements:

Nov 1-14Nov 1-14Preliminary Statements: Preliminary Statements:

Nov 15-30Nov 15-30

N O V E M B E RN O V E M B E R

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

N1N1 N2N2 N3N3 N4N4 N5N5

N8N8 N9N9 N10N10 N11N11 N12N12N6N6 N7N7

N15N15 N16N16 N17N17 N18N18 N19N19N13N13 N14N14

N22N22 N23N23 N24N24 N25N25 N26N26N20N20 N21N21

N29N29 N30N30N27N27 N28N28

PN 1PN 1 PN 2PN 2 PN 3,4,5PN 3,4,5

PN 8PN 8 PN 9PN 9 PN 10,11,12PN 10,11,12PN 6PN 6 PN 7PN 7

PN 15PN 15 PN 16PN 16PN 13PN 13 PN 14PN 14

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

D E C E M B E RD E C E M B E R

D1D1 D2D2 D3D3

D6D6 D7D7 D8D8 D9D9 D10D10D4D4 D5D5

D13D13 D14D14 D15D15 D16D16 D17D17D11D11 D12D12

D20D20 D21D21 D22D22 D23D23 D24D24D18D18 D19D19

D27D27 D28D28D25D25 D26D26

PN 29PN 29FN 13FN 13

PN 30PN 30FN 14FN 14

PD 1,2,3PD 1,2,3FN 15FN 15

PD 6PD 6FN 20FN 20

PD 7PD 7FN 21FN 21

PD 8,9,10PD 8,9,10FN 22FN 22

PD 4PD 4FN 16FN 16

PD 5PD 5FN 17,18,19FN 17,18,19

PD 11PD 11FN 23FN 23

D30D30 D31D31D29D29

PN 27PN 27FN 9FN 9

PN 28PN 28FN 10,11,12FN 10,11,12

PN 22PN 22FN 6FN 6

PN 23PN 23FN 7FN 7

PN 24,25,26PN 24,25,26FN 8FN 8

PN 20PN 20FN 2FN 2

PN 21PN 21FN 3,4,5FN 3,4,5

PN 17,18,19PN 17,18,19FN1FN1

Calendar for Real-time MarketCalendar for Real-time MarketPreliminary and Final Statements are issued dailyPreliminary and Final Statements are issued daily

MONMON TUESTUES WEDWED THURSTHURS FRIFRI SATSAT SUNSUN

J A N U A R YJ A N U A R Y

J5J5 J6J6 J7J7

J10J10 J11J11 J12J12 J13J13 J14J14J8J8 J9J9

J17J17 J18J18 J19J19 J20J20 J21J21J15J15 J16J16

J24J24 J25J25 J26J26 J27J27 J28J28J22J22 J23J23

J29J29 J30J30

PJ 3PJ 3FD 13FD 13

PJ 4PJ 4FD 14FD 14

PJ 5,6,7PJ 5,6,7FD 15,16,17FD 15,16,17

PJ 10PJ 10FD 20FD 20

PJ 11PJ 11FD 21FD 21

PJ 13,14,15PJ 13,14,15FDFD22,23,24,25,2622,23,24,25,26

PJ8PJ8FD 18FD 18

PJ 9PJ 9FD 19FD 19

PD 29,30,31PD 29,30,31PJ 1 FD 11PJ 1 FD 11

PJ 2PJ 2FD 12FD 12

PD 22,23,24PD 22,23,2425,26 FD 625,26 FD 6

PD 27PD 27FD 7FD 7

PD 28PD 28FD 8,9,10FD 8,9,10

PD 20PD 20FD 4FD 4

PD 21PD 21FD 5FD 5

PD 19PD 19FD 1,2,3FD 1,2,3

J3J3 J4J4J1J1 J2J2PD15,16,17PD15,16,17

FN 29FN 29PD 18PD 18FN 30FN 30

PD 14PD 14FN 28FN 28

PJ 15PJ 15FD 27FD 27

PJ 16PJ 16FD 28FD 28

J30J30PJ 17PJ 17

FD 29,30,31 FJ 1FD 29,30,31 FJ 1

J15J15PD 29,30,31PD 29,30,31PJ 1 FD 11PJ 1 FD 11

Invoice for DecemberInvoice for DecemberFinal Statements: Final Statements:

Dec 1-11Dec 1-11Preliminary Statements: Preliminary Statements:

Dec 12-31Dec 12-31Adjustments: Adjustments:

Nov 15-30Nov 15-30

PaymentsPayments

• Payment due from market participant - by 2nd business day after invoice issue

• Payment due from market participant - by 2nd business day after invoice issue

• Payment by EFT (Electronic Funds Transfer) to settlement accounts in bank

• Payment by EFT (Electronic Funds Transfer) to settlement accounts in bank

$ BANK $

Market Market Participant’s BankParticipant’s Bank

$ BANK $

IMO BankIMO Bank

• Payment from IMO to market participant - by 4th business day after invoice issue

• Payment from IMO to market participant - by 4th business day after invoice issue

Energy Forward Market

Energy Forward Market

Real-time Market

Real-time Market

Content:Content:

• Charges from activity in Energy Forward Market Charges from activity in Energy Forward Market may include Transmission Rights Auction Debitmay include Transmission Rights Auction Debit

Content:Content:

• Charges from activity in Real-time MarketCharges from activity in Real-time Market• Payments for transmission rightsPayments for transmission rights

Energy Forward Markets

(Transmission Rights Auction)

Energy Forward Markets

(Transmission Rights Auction)

Real-time MarketsReal-time Markets

Timing:Timing:

• Preliminary statements issued on 2Preliminary statements issued on 2ndnd business day after trading daybusiness day after trading day

• Final statements issued on 4Final statements issued on 4thth business day after preliminary business day after preliminary statement has been issuedstatement has been issued

Timing:Timing:

• Preliminary statements issued on Preliminary statements issued on 1010thth business day after trading day business day after trading day

• Final statements issued Final statements issued on 12on 12thth business day after preliminary business day after preliminary statement statement has been issuedhas been issued

Energy Forward Markets

(Transmission Rights Auction)

Energy Forward Markets

(Transmission Rights Auction)

Real-time MarketsReal-time Markets

Retrieval:Retrieval:

Access via MPIAccess via MPI

• Retrieval ProblemsRetrieval Problems Contact IMOContact IMO

Retrieval:Retrieval:

Access via MPIAccess via MPI

• Retrieval ProblemsRetrieval Problems Contact IMOContact IMO

Energy Forward Markets

(Transmission Rights Auction)

Energy Forward Markets

(Transmission Rights Auction)

Real-time MarketsReal-time Markets

Preliminary Statement File:Preliminary Statement File:

• Header RecordHeader Record• Summary RecordSummary Record• Detail RecordsDetail Records• Manual Line itemsManual Line items

Preliminary Statement File:Preliminary Statement File:

• Header RecordHeader Record• Summary RecordSummary Record• Detail RecordsDetail Records• Manual Line itemsManual Line items

Preliminary Data File:Preliminary Data File:

• Header RecordHeader Record• Physical Bilateral ContractsPhysical Bilateral Contracts• Zonal Price DataZonal Price Data• Schedules DataSchedules Data• Bid/Offer DataBid/Offer Data

Energy Forward Markets

(Transmission Rights Auction)

Energy Forward Markets

(Transmission Rights Auction)

Real-time MarketsReal-time Markets

Disagreement:Disagreement:

• Preliminary statementPreliminary statement Notice of DisagreementNotice of Disagreement File within 2 business days of statement issueFile within 2 business days of statement issue

• Final statementFinal statement Dispute resolutionDispute resolution File within 20 business days of final statement issueFile within 20 business days of final statement issue

Disagreement:Disagreement:

• Preliminary statementPreliminary statement Notice of DisagreementNotice of Disagreement File within 5 business days of statement issueFile within 5 business days of statement issue

• Final statementFinal statement Dispute resolutionDispute resolution File within 20 business days of final statement issueFile within 20 business days of final statement issue

Energy Forward Market

Energy Forward Market

Real-time Market

Real-time Market

Timelines:Timelines:

• Billing period one week Billing period one week (7 consecutive days)(7 consecutive days)

• Invoice issued 6 business Invoice issued 6 business days after billing perioddays after billing period

Timelines:Timelines:

• Billing period 1 calendar monthBilling period 1 calendar month

• Invoice issued 10 business Invoice issued 10 business days after days after billing periodbilling period

Access:Access:

• Web via MPIWeb via MPI• EDI 810EDI 810

Access:Access:

• Web via MPIWeb via MPI• EDI 810EDI 810