In this article we will cover the following topics:
- Settlement Timeline
- Pre-Settlement Account Holder Responsibilities
- Renewable energy Standard (RES) Compliance
- Creation of Residual Mix
- Creation and Distribution of NYSERDA Mix
- EDP Label
Settlement Timeline
NYGATS Account Holders will be allowed to trade and retire Certificates until 11:59:59PM Eastern prevailing time on June 30th of the following year (see timeline below). When Settlement is run, all Unsettled Certificates from the previous vintage year will be converted to Residual Mix. Residual Mix certificates are deposited into LSEs’ EDP Sub-Accounts to pair with load that was not paired with the retirement of renewable certificates or NYSERDA procured certificates. Settlement will be run after June 30th, when NYSERDA and DPS approves the preliminary Settlement Reports and EDP Labels.
NYGATS Settlement is the process where:
- Residual Mix Certificates will be created using all unsettled certificates from the settlement year remaining in the Active Sub-Accounts to be allocated to EDP Sub-Accounts. Unsettled Certificates applied to the Residual Mix will be automatically retired and cease to exist for the purposes of the NYGATS.
- NYSERDA procured Certificates (NYSERDA MIX) will be distributed to participating Load Serving Entity’s EDP Sub-Accounts
- Environmental Disclosure Labels will be created
- Public System Mix and Residual Mix reports will be published
Pre-Settlement Account Holder Responsibilities
All Account Holders have until June 30th to transfer certificates from the previous year to another Account Holder or out of their Active Sub-Accounts to their Banked Sub-Account, Retirement Sub-Account or EDP Sub-Account to avoid their certificates becoming unsettled and converted to Residual Mix.
During the pre-settlement time period prior to June 30, LSEs are encouraged to review the number of Certificates that are Tier 1 Eligible and where those Tier 1 RECs are assigned. LSEs need to assign Certificates that are Tier 1 Eligible into their EDP Sub-Account and select “RES Compliance” for those RECs to count towards their RES Compliance.
The information for an LSE’s Environmental Disclosure Label is based on the Certificates matched to the LSE’s electricity delivered to and consumed in the New York Control Area, the LSE’s allocation of RPS Certificates from NYSERDA’s Renewables Sub-Account, and the assignment of Residual Mix Certificates to any Unfulfilled Load. Certificates representing unbundled electricity (e.g., Unbundled Certificate Imports or Certificates Retired without energy) are excluded from reporting for the Environmental Disclosure Label.
New York Load Serving Entities should take steps to review their NYISO reported Load and Certificate Deposits before June 30th to ensure their EDP Labels will look correct.
Review Reported NYISO Load
Under New York’s Environmental Disclosure Program, once a year, LSEs are required to issue an Environmental Disclosure Label to their retail customers providing information on the types of energy resources used to generate electricity, air emissions resulting from generating electricity, and a comparison of those emissions to a statewide average.
The EDP Label requires NYISO Load to calculate the LSE’s fuel mix. NYISO Load is reported to NYGATS monthly with an approximate 4 months delay. The NYISO reported Load can be accessed by the Load Serving Entity by accessing the EDP Sub-Account Load report
The EDP Sub-Account Load report will display the following information:
- LSE Name – NYISO’s abbreviated name of the LSE used by NYGATS to name the EDP Subaccount
- LSE PTID – NYISO’s PTID Number for the LSE
- Certificates – Quantity of Certificates deposited into the EDP Sub-Account
- NYISO Load – Quantity (MWh) of load reported by NYISO for the designated year
- DPS Load – Adjusted Load numbers to account for Load Modifiers or other Load adjustments
- NYSERDA Allocation – Percentage assigned by NYSERDA to allocate NYSERDA procured certificates to participating LSEs
Deposit Certificates into EDP Sub-Accounts
The LSE can transfer Bundled Certificates from their Active Sub-Account to their EDP Sub-Account for purposes of the Environmental Disclosure Label at any time during the Trading Period by initiating a Certificate Batch Transfer to an EDP Sub-Account from the Certificate Sub-Account Report. Please see the Certificate Transfer Training for a full description for how to transfer certificates.
The LSE can optionally assign Certificates to retail products in the EDP Sub-Account for purposes of additional reporting. Retail products, like Retirement Reasons, may be selected from the Certificate Transfer Screen at the time of deposit into the EDP Sub-Account. The transfer screen has a ‘Reasons’ field where the Account Holder can select their retail product type (i.e. Utility Green Pricing Program)
Certificates that are Tier 1 Eligible under the RES can select the RES Compliance Retail Product option.
At Settlement, the Attributes of the Certificates in the LSE EDP Sub-Account, and the Attributes of the Residual Mix will be used to create the Environmental Disclosure Label for the LSE.
Renewable Energy Standard (RES) Compliance
During the pre-settlement time period prior to June 30, LSEs are encouraged to review the number of Certificates that are Tier 1 Eligible and where those Tier 1 RECs are assigned. LSEs need to assign Certificates that are Tier 1 Eligible into their EDP Sub-Account and select “RES Compliance” for those RECs to count towards their RES Compliance.
Tier 1 RECs that are assigned to an LSE’s Banked Sub-Account are not counted toward an LSE’s RES Obligation.
Creation of Residual Mix
The NYGATS Settlement will convert all Certificates remaining in the Active Sub-Accounts of all Account Holders into Unsettled Certificates. The NYGATS Administrator will create Residual Mix Certificates based on the Unsettled Certificates which will include Certificates in the Administrator’s Account associated with Unregistered Generators. The Attributes contained on any Unsettled Certificate shall become part of the pool of Attributes upon which the Residual Mix Certificates shall be based.
Unsettled Certificates applied to the Residual Mix will be automatically retired and cease to exist for the purposes of the NYGATS. All Banked Certificates for the generation year that were Settled will not be included in the Residual Mix and will be available for transfer between Account Holders, export, or for transfer into the Retirement Sub-Account after settlement
Creation and Distribution of NYSERDA Mix
The DPS Program Administrator will annually report the Load Share for all LSEs that contribute to the Renewables Fund. RPS Certificates procured by NYSERDA will be assigned to LSE EDP Sub-Accounts based on the Load Share. These Certificates will be reflected in NYGATS as NYSERDA Mix.
EDP Label
The information for a LSE’s Environmental Disclosure Label is based on the Certificates matched to the LSE’s electricity delivered to and consumed in the New York Control Area, its allocation of RPS Certificates from NYSERDA’s Renewables Sub-Account, and the assignment of Residual Mix Certificates to any Unfulfilled Load. Certificates representing unbundled electricity (e.g., Unbundled Certificate Imports or Certificates Retired without energy) are excluded from reporting for the Environmental Disclosure Label.
Following the end of the Settlement period, the NYGATS Administrator will create an Environmental Disclosure Label for each LSE. The Disclosure Label can be printed and exported and will be available via an LSE General Account Holder’s Account Holder reports. Prior year labels will be available to the account holder from the EDP Label Report.
Once Settlement has been run, NYSERDA and the NYGATS Administrator will communicate that the EDP Labels are ready to be reviewed.
Load Serving Entities can review their own labels by viewing the EDP Label Report located in the Account Holder Reports
The EDP Label Report will display preliminary information about reported Load and the distribution of Renewable and Non-Renewable certificates. To view the actual EDP Label, select the Year for the desired label and select the View hyperlink from the EDP Label column. A PDF will be downloaded.
EDP Label Report:
EDP Label:
Other LSE EDP Labels can be accessed from the public EDP Label Report.
The PDF labels can be downloaded by selecting the corresponding View hyperlink located in the EDP Label column.
