(4) The Real-Time Settlement Point Price of the Hub for a given 15-minute Settlement Interval is calculated as follows: RTSPP = Max [-$251, (RTRSVPOR + RTRDP + Pan345 (HUBDF * ((RTHBP * hb, Pan345 hb, Pan345, y TLMP / ( TLMP if HB y) y))))], Pan345≠0 RTSPP = RTSPP if HB Pan345 ERCOT345Bus, Pan345=0 Where: RTRSVPOR = (RNWF * RTORPA y y) RTRDP = (RNWF * RTORDPA y y) / RNWF = TLMP TLMP y y y RTHBP = (HBDF * RTLMP hb, Pan345, y b, hb, Pan345 b, hb, Pan345, y) / HUBDF = IF(HB 0, 1 HB hb, Pan345 Pan345=0, Pan345) / HBDF = IF(B 0, 1 B b, hb, Pan345 hb, Pan345=0, hb, Pan345) The above variables are defined as follows:
(4) The Real-Time Settlement Point Price of the Hub for a given 15-minute Settlement Interval is calculated as follows: RTSPP Pan345 = Max [-$251, (RTRSVPOR + RTRDP + (HUBDF hb, Pan345 * ((RTHBP hb, Pan345, y * TLMP y) / ( TLMP y))))], if HB Pan345≠0 RTSPP Pan345 = RTSPP ERCOT345Bus, if HB Pan345=0 Where: RTRSVPOR = (RNWF y * RTORPA y) RTRDP = (RNWF y * RTORDPA y) RNWF y = TLMP y / TLMP y RTHBP hb, Pan345, y = (HBDF b, hb, Pan345 * RTLMP b, hb, Pan345, y) HUBDF hb, Pan345 = IF(HB Pan345=0, 0, 1 / HB Pan345) HBDF b, hb, Pan345 = IF(B hb, Pan345=0, 0, 1 / B hb, Pan345) The above variables are defined as follows:
868NPRR-03_PRS_Report_030818.docx