Financial Services
Market settlement, accounting, credit, and finance functions fall
under the auspices of the Chief Financial Officer. Market settlements activities focus on the accurate and timely invoicing
of a broad range of unbundled wholesale power market products offered
by the NYISO, as well as providing for the effective distribution
of data that the settlements are based on. Settlement details and their associated determinant data are provided
to Market Participants (MPs) through the NYISO Decision Support System
[DSS], a Web-based data warehouse. The DSS gives MPs on-demand accessibility
to reports for each Market product, designed to provide settlements
and settlement details, from five-minute intervals for Real-Time
markets to daily settlement values. The Accounting & Billing Manual supports MPs' efforts to reconcile
settlements by providing clear and concise settlement business rule
descriptions using the same data labels as those in the DSS’ predefined
reports. Settlements are invoiced monthly and transacted electronically.
The electronic invoices are accessed by MPs through a Web browser.
