Reserve Market is the payment to a generator, demand response resource (DRR), or dispatchable asset related demand (DARD) for the provision of reserve capacity in New England. This capacity is available for dispatch during system contingencies, which are unplanned disconnections of power system elements, such as transmission facilities or generators, from the electricity grid. Real-time reserve capability on eligible assets is designated by the 快活app官网 during the operating day, and resources that provide these reserves will be paid based on the value of the five-minute real-time reserve clearing price for the appropriate reserve zone and product. Information on Reserve Market settlements before March 1, 2025.
Primary provisions for the settlement of the reserve market are included in, but not limited to, Market Rule 1and 快活app官网 Manual for Market Rule 1 Accounting Manual M-28.
The market participant with ownership in a resource that provides real-time reserves will receive credits for service during five-minute intervals that the real-time reserve clearing price is not zero. The five-minute real-time reserve clearing prices are determined in accordance with Market Rule 1.
The total credits associated with real-time reserves are allocated as charges to market participants based on real-time load obligations in applicable load zones.
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The hourly services bill contains a single line item entitled "Reserve Market”. This line item is the net of charges and credits for the real-time reserves.
BL_DAILYPOSITION—Daily financial position, including all market service settlements and miscellaneous billing adjustments generated on a daily basis, issued to all active customers registered as a participant or non-participant
SD_RSVDTL5MIN2—Five-minute detail of a participant’s reserve information by asset, issued upon settlement of the market day
SR_RSVCHARGE2—Summary of pool charges and participant’s charges by hour, issued upon settlement of the market day
SR_RSVSTL2—Summary of pool credits by hour and participant’s credits and charges by hour, issued upon settlement of the market day
Reserves are reported on the SP_EQR report, available on a monthly basis one month after the given settlement, as referenced in the line items prefaced with the title “Real-Time Reserve Market” in 快活app官网-NE Settlements to FERC EQR Product Mapping.
