Quick and accurate settlements help markets function

Settlements are the calculation, billing, and invoicing of charges and payments for market and transmission-related activities between market participants and the ISO. The settlement cycle follows a specific timeline and processes for publication of statements, invoices and payment advices, dispute submittals and payments.

ISO Tariff
Business Practice Manual for Settlements and Billing
Business Practice Manual for Credit Management

Market and administrative charges

Many specific charge type categories are used within ISO settlements and invoice processes according to a Market Participant's involvement in the ISO Markets.

Invoicing Schedule for Jan-Dec 2015 Monthly and 2016 Annual CRR Auctions (updated)1/15/2015 11:54
California ISO Payments Calendar 201510/30/2014 09:38
California ISO Payments Calendar 201510/30/2014 09:38
Invoicing Schedule for Jan-Dec 2014 Monthly and 2015 Annual CRR Auctions5/13/2014 14:39
ISO Settlement System Audit Report Jan 9, 20151/14/2015 11:15
ISO RMR Payments Calendar Tool1/22/2014 09:11
ISO Market Charge Codes Matrix10/29/2014 10:05
Grid management charge
The Grid Management Charge (GMC) is assessed to wholesale market customers to recover California ISO costs. This section contains current and historical GMC charge codes and rates and a sub section detailing the GMC unbundling process from 1998-2000.
Transmission access charge (TAC)
Emissions and start-up costs
UFE estimation
Amendment 60 - must offer waiver denial reports
PIRP protective measures

View Impact

Credit policy

The credit policy is detailed in the ISO Tariff and the Business Practice Manual for Credit Management. Consistent with the policy, market participants use the following forms to demonstrate that they meet the ISO minimum participation and financial security requirements and to request an unsecured credit limit.