ISO New England - Sample Invoice & Remittance Advice

Sample Invoice & Remittance Advice

A sample invoice & remittance explaining line items on the bill.

Access information related to the overall format of the Invoice and Remittance Advice and explanations of specific sections contained within both statements. Roll over areas of interest in the sample statement below; tips will appear containing pertinent information including key differences between an Invoice and a Remittance Advice. Use links to jump directly to more detailed information on a particular topic.

Weekly Markets - Access markets with hourly and daily settlement determinants, for example, Energy and NCPC, respectively.
Monthly Markets - Access markets with monthly settlement determinants, for example, ISO Tariff and FTR Market as well as related Bill Line Items.
Additional Bill Line Items - Access applicable information on miscellaneous billing adjustments as displayed on BL_DETAILS.
Related Information - Access related billing details, for example, financial assurance and credit and report descriptions.
Billing Timeline - Access an illustration of key dates associated with settlements and billing.

The statement of relevant Charges and Credits for a customer’s participation in the New England Markets for a billing period:

On an Invoice the net of which is owed to the ISO (total Charges exceed total Credits) and
On a Remittance Advice, the net of which is owed to the Customer (total Credits exceed total Charges).

Name and address details

Specifics related to this invoice or remittance

On an Invoice, positive (+) figures reflect charges and negative (-) figures reflect credits.

On a Remittance, positive (+) figures reflect credits and negative (-) figures reflect charges.

Sequential number of line item.

Market days contained within the Invoice or Remittance Advice for the applicable bill line item.

Optional comment field within the Invoice or Remittance Advice for the applicable bill line item.

The banking information of the billed party and ISO New England for the transfer of applicable monies. ISO New England is the "To" party for an Invoice and the "From" party for a Remittance Advice.

Service description of the billable item.

Monies associated with the schedule of commitments for the purchase or sale of energy. Learn more about Day-Ahead Energy. Day-Ahead NCPC includes the rolled up amount of:

NCPC-Day-Ahead Multiple Reliability Region LSCPR Charge Allocation

Monies associated with the purchase or sale or energy. Learn more about Real-Time Energy.

Monies associated with Emergency Energy Transactions in order to maintain operating reserve during an Operating Procedure 4 - Capacity Deficiency event. Learn more about RT Energy Emergency Purch EET.

Monies associated with Emergency Energy from a neighboring Control Area to maintain operating reserve during an Operating Procedure 4 - Capacity Deficiency event. Learn more about RT Energy Emergency Trans CA.

Monies associated with Security Energy in order to preserve minimum flows on the ties with New Brunswick. Learn more about RT Energy - Security Purchase.

Monies associated with Regulation as an ancillary market service provided by resources equipped for automated generation control. Learn more about Regulation.

Monies associated with two distinct products for the provision of reserve capacity in New England. Learn more about the Reserve Market.

Monies associated with the "make whole" payment calculated for resources scheduled by ISO New England in the Day-Ahead Market. Learn more about Day-Ahead NCPC.

Monies associated with the "make whole" calculated for Resources scheduled by ISO New England in the Real-Time Market and associated Standard Settlements.

Real-Time NCPC includes rolled-up amounts of:

Learn more about Real-Time NCPC.

Monies associated with the Net Commitment Period Compensation (NCPC) Day-Ahead (DA) Economic billing adjustment. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the Net Commitment Period Compensation (NCPC) Local Second Contingency Protection Resource (LSCPR) billing adjustment. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the Net Commitment Period Compensation (NCPC) Real-Time (RT) Economic Adjustment. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the Emergency Sales Adjustment (Adj) Local Second Contingency Protection Resource (LSCPR). Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the Negative Congestion Revenue Adjustment (Adj). Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the Real-Time (RT) Energy Emergency Energy Sales Adjustment (Adj). Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with a right to receive revenues from the Financial Transmission Rights (FTR) Auctions administered by the ISO. Learn more about Auction Revenue Right.

Monies associated with a financial instrument that entitles the holder to receive compensation for Congestion Costs that arise when the transmission grid is congested in the Day-Ahead Energy Market, and differences in Day-Ahead Locational Marginal Prices (LMPs) result from the dispatch of generators to relieve the congestion. Learn more about Financial Transmission Right.

Monies associated with the Excess Transmission Congestion Revenue billing adjustment. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the Financial Transmission Right (FTR) Cap billing adjustment. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with an agreement with retail customers to encourage them to reduce their electricity consumption during periods of peak demand. Learn more about Demand Response.

Monies associated with an agreement with retail customers to encourage them to reduce their electricity consumption during periods of peak demand. Learn more about Transitional Demand Response.

Monies associated with the penalty assessed for failing to offer or deliver an external capacity import transaction in the energy market. Learn more about FCM Import Penalty Charge.

Monies associated with credits or charges based on Resource activity in the Forward Capacity Auction (FCA), Capacity Supply Obligation (CSO) Bilateral Transactions, and Reconfiguration Auctions (RA). Learn more about Forward Capacity Market Credit.

Monies associated with the allocation of the total Forward Capacity Market Credit. Learn more about Forward Capacity Market Charge.

Monies associated with the payment to Resources retained for reliability (RFR). Learn more about FCM Reliability Credit.

Monies associated with the allocation of the total FCM Reliability Credit. Learn more about FCM Reliability Charge.

Monies associated with the credit from the allocation of FCM import penalties collected. Learn more about FCM Import Penalty Credit.

Monies associated with the transmission service that transmission customers purchase in order to serve their network load in the New England Control Area. Learn more about ISO Schedule 1 RNS.

Monies associated with the transmission service that transmission customers purchase in order to move power through or out of the New England Control Area. Learn more about ISO Schedule 1 TOUT.

Monies associated with the service provided by ISO New England to administer the Energy Market. Learn more about ISO Schedule 2.

Monies associated with the service provided by ISO New England to administer the Reliability Markets, and to provide other reliability and informational services. Learn more about ISO Schedule 3.

Monies associated with the vehicle for recovery of funds from transmission customers to cover New England State Committee on Electricity (NESCOE) budgeted operating expenses. Learn more about ISO Schedule 5 NESCOE.

Monies associated with the transmission service over the Pool Transmission Facilities (PTF), provided by the ISO with respect to a transaction that goes through the New England Control Area or a transaction which originates at a point on the PTF and flows over the PTF and out of the New England Control Area. Learn more about OATT Schedule 1 RNS.

Monies associated with a transmission service offered under Schedule 1 of the Open Access Transmission Tariff (OATT). Learn more about OATT Schedule 1 TOUT.

Monies associated with the resources that are compensated for providing VAR service and associated Standard Settlement. OATT-Schedule 2 VAR includes rolled-up amount of:

High Voltage VAR Cost Reallocation. Learn more about OATT-Schedule 2 VAR.

Monies associated with a transmission service offered under Schedule 9 of the Open Access Transmission Tariff (OATT). Learn more about OATT Schedule 8 TOUT.

Monies associated with a system restoration and planning service from generators. Learn more about OATT-Schedule 16 Black Start.

Monies associated with a transmission service offered under Schedules 1 and 9 of the Open Access Transmission Tariff (OATT). Learn more about OATT-Regional Network Service.

Monies associated with the return on equity (ROE) Regional Network Service (RNS) Interest (Int) Allocation. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the return on equity (ROE) Through or Out (TOUT) Interest (Int) Allocation. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Reliability Agreements. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Annual Membership Fees assessed once during a single month for the complete year. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the Credit Test Penalty. Learn more by viewing the February 2009 ISO News [PDF], contact Customer Support at 413-540-4220, or e-mail custserv@iso-ne.com.

Monies associated with the Extraordinary Fuel Expense billing adjustment. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with an emissions reporting and tracking tool that monitors environmental attributes of generated electricity. Learn more about GIS Costs.

Monies associated with Interest Charges. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Interest on Remittance (Remitt). Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Late Fees. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Legal Fees. For additional information, contact Customer Support at 413-540-4220 or e-mail custserv@iso-ne.com.

Monies associated with MCI Monthly Charges. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Monthly Load Response User Fee. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Open Access Same Time Information System (OASIS) Billing. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Open Access Technology International (OATI) Monthly Fee. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Participant Expenses. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with a Requested Billing Adjustment (RBA Adj). Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with the interest for a Requested Billing Adjustment (RBA Adj) Interest (Int). Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Remittance (Remitt) for Shortpay. For additional information, contact Customer Support at 413-540-4220 or e-mail custserv@iso-ne.com.

Monies associated with Tariff Rebillings. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Worldcom Monthly Charges. Learn more by viewing the applicable Bill Job Aid for the corresponding market days.

Monies associated with Qualification Process Cost Reimbursement Deposit (QPCRD). Learn more by viewing the November 2009 ISO News [PDF], contact Customer Support at 413-540-4220, or e-mail custserv@iso-ne.com.

Monies associated with the forfeited financial assurance allocation settlement information as provided under the Standard Settlement reporting structure. Learn more about Forfeited Financial Assurance.

LINE	DESCRIPTION	BILLFROM/ BILL TO	DOCUMENT REF.	NET AMOUNT
1	Day-Ahead Energy 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	1,900.00
2	Real-Time Energy 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	700.00
3	RT Energy Emergency Purch EET 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-100.00
4	RT Energy Emergency Trans CA 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-120.00
5	RT Energy - Security Purchase 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-120.00
6	Regulation 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-260.00
7	Reserve Market 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-40.00
8	Day-Ahead NCPC 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	90.00
9	Real-Time NCPC 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-280.00
10	NCPC - DA Economic Adjustment 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	700.00
11	NCPC - LSCPR Reallocation 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-120.00
12	NCPC - RT Economic Adjustment 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-120.00
13	Emergency Sale Adj. LSCPR 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-280.00
14	Neg.Congestion Revenue Adj. 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-28.00
15	RT Energy Emerg Sale Adj. 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-20.00

LINE	DESCRIPTION	BILLFROM/ BILL TO	DOCUMENT REF.	NET AMOUNT
16	ARR Long Term Off-Peak Alloc 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	200.00
17	ARR Long Term On-Peak Alloc 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	700.00
18	ARR Monthly Off-Peak Alloc 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-100.00
19	ARR Monthly On-Peak Alloc 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-120.00
20	FTR Long Term Off-Peak Auction 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-120.00
21	FTR Long Term On-Peak Auction 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-260.00
22	FTR Monthly Off-Peak Auction 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-40.00
23	FTR Monthly On-Peak Auction 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	200.00
24	FTR Transmission Cong Alloc 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	700.00
25	Excess Transmission Cong Rev 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-100.00
26	FTR Revenue Cap 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-120.00
27	Demand Response 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-120.00
28	Transitional Demand Response 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	100.00
29	FCM Import Penalty Charge 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-150.00
30	Forward Capacity Market Credit 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	3000.00
31	Forward Capacity Market Charge 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-250.00
32	FCM Reliability Credit 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	2300.00
33	FCM Reliability Charge 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-450.00
34	FCM Import Penalty Credit 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	1500.00
35	ISO Schedule 1 RNS 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	700.00
36	ISO Schedule 1 TOUT 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-100.00
37	ISO Schedule 2 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-260.00
38	ISO Schedule 3 Exports 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-40.00
39	ISO Schedule 3 Non-Part TOUT 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	200.00
40	ISO Schedule 3 Peak 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	700.00
41	ISO Schedule 5 NESCOE 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-100.00
42	OATT Schedule 1 RNS 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	100.00
43	OATT Schedule 1 TOUT 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-60.00
44	OATT-Schedule 2 VAR 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	200.00
45	OATT Schedule 8 TOUT 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	300.00
46	OATT Schedule 9 RNS 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-500.00
47	OATT-Schedule 16 Black Start 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-260.00
48	ROE RNS Int Allocation 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	200.00
49	ROE TOUT Int Allocation 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-100.00
50	Reliability Agreements 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	200.00
51	Annual Membership Fees 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-260.00
52	Credit Test Penalty 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	28.00
53	Extraordinary Fuel Expense Adj 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	-20.00
54	Forfeited Financial Assurance 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	42.00
55	GIS Costs 0.000	05/01/2009 00:00 06/01/2009 00:00	Sample text	40.00

LINE	DESCRIPTION	BILLFROM/ BILL TO	DOCUMENT REF.	NET AMOUNT
56	Interest Charges 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	2,000.00
57	Interest on Remitt 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	700.00
58	Late Fees 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	200.00
59	Legal Fees 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	28.00
60	MCI Monthly Charges 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	40.00
61	Monthly Load Response User Fee 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	700.00
62	OASIS Billing 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-100.00
63	OATI Monthly Fee 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	200.00
64	Participant Expenses 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	28.00
65	RBA-Requested Billing Adj 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-20.00
66	RBA-Requested Billing Adj Int 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	40.00
67	Remit For Shortpay 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	200.00
68	Tariff Rebillings 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	700.00
69	Worldcom Monthly Charges 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	-100.00
70	QPCRD 0.000	05/01/2009 00:00 05/05/2009 00:00	Sample text	40.00

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