Regulation is an ancillary market service provided by resources equipped for automated generation control. These resources are placed under automatic control by 91³Ô¹ÏÍø on the basis of their regulation supply offers, and they respond to signals sent every four seconds to match minute-to-minute changes in the New England load.
Primary provisions for the settlement of the Regulation Market are included in, but not limited to Market Rule 1 and M-Reg Manual.
Market participants with an ownership share in a resource that provides regulation will receive credits for the service. The regulation payments to resources include regulation service, regulation capacity, and regulation make-whole cost. Additionally, a regulation up reserve charge is calculated when a resource is providing both regulation and reserves to prevent double compensation.
Regulation capacity credit, regulation service credit, and regulation make-whole cost payment are allocated to participants as regulation charge. These credits are allocated as charges to market participants with real-time load obligation, excluding coordinated external transactions and Real-Time Load Obligation for DARDs.
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The hourly services bill contains a single line item netting charges and credits entitled "Regulation."
BL_DAILYPOSITION—Daily financial position, including all market service settlements and miscellaneous billing adjustments generated daily, issued to all active customers registered as a participant or nonparticipant
SD_REGHRLYDTL—Hourly detail of the regulation service and credits of a participant’s resources, issued upon settlement of the market day
SD_REGDTL5MIN—Five-minute detail of the regulation credits and charges calculations, by resource, issued upon settlement of the market day
SR_REGSUMMARY—Summary of participant and pool regulation charges and credits, by hour, issued upon settlement of the market day
Regulation Calculation Summary
Regulation is reported on the SP_EQR report, available monthly one month after the given settlement, as referenced in line items prefaced with the title “Regulation” in ISO-NE Settlements to FERC EQR Product Mapping.