MISO uses a multi-settlement process to determine financial charges and credits to Market Participants based on their participation in the Financial Transmission Rights, Day Ahead Energy and Operating Reserves and Real Time Energy and Operating Reserves Markets.
Market Settlements collects operational and Market Participant submitted data and produces daily settlement statements at the Asset Owner level for each of the three competitive markets. Summary settlement statements are provided for each Asset Owner and Market Participant. Residual Load Account statements are also created daily for the Local Balancing Authorities.
Each Operating Day in the Market is initially settled seven calendar days after the Operating Day. Subsequent settlements of the Operating day occur on the 14th, 55th and 105th calendar days after the Operating Day.
Interested parties may learn more about the MISO’s Market Settlements by attending meetings of the Market Settlements Working Group, Market Subcommittee, and Meter Data Users Group.