Meter Data Reporting and Certificate Trading Timeline
All NYGATS Projects can have generation data and prior period adjustments submitted for the vintage year up to 30 days prior to the Certificate Trading Deadline associated with the Certificate's vintage year.
|May 31st -||Generation Reporting Deadline||
Last day to report generation data for the previous year. Historical generation after the Settlement Date will not be accepted. All generation prior to January 2016 will not be accepted
|June 30th -||Certificate Trading Deadline||Last day to transfer certificates. All bundled certificates for the Trading year that are not settled into an EDP Sub-Account, retired into a retirement Sub-Account, banked or transferred, will be used to calculate the residual mix|
Data Review Timeline
Generation data will be reported to NYGATS by a Qualified Independent Party (QIP), NYISO, or Self-Reported after the end of the vintage month and prior to the Generation Reporting Deadline. Check with your QIP for their data reporting timeline. NYISO current period data will be reported between the 12th and 15th of the month following the end of the generation month. A Data Validity Check is performed for all data reported and assigned a status on the Account Holder’s Generation Activity Log. The Generation Activity Log can be accessed via the Reports menu button at the top right of the Account Dashboard.
NYGATS will notify the Account Holder via email that the data has been posted.
Current Period Generation can be reviewed, Accepted or Disputed by the Account Holder for 14 days. Once QIP loaded data is accepted by the Account Holder, Certificates will be immediately issued. Self-Reported Data will be set to an Account Holder Accepted status and issued the next day. NYGATS Accepted data that is not Account Holder accepted or Disputed after 14 days will be used for certificate issuance 15 days after the data was loaded.
Loaded Data can be reviewed from the Project Management Module's Review Data/Self-Report column. The date displayed in this column represents the last vintage loaded.
The Self-Reporting/Facility/Project Output Data Review screen will display all generation reported for the project. The Period Data status in the left-hand column displays the status of all loaded Current Period Generation
The following are the different status that Generation Meter Data can have:
Certificate Created - Generation used for certificate issuance
NYGATS Accepted - Generation Loaded ready for certificate issuance. If data is not accepted within 14 days, Certificates will be issued automatically on day 15
NYGATS Pending - Generation Data either Failed Engineering Feasibility that requires administrator review (see more about Feasibility Failure) or Multi-Fuel project that requires fuel allocations to be reported by the Account Holder (see more about entering multi fuel allocations) allocating
Account Holder/Admin Accepted - Self Reported generation accepted by the account holder will be issued the day after being marked in an Account Holder accepted status
Account Holder/Admin Disputed - Generation Data in a disputed status will not contribute to certificate issuance
NOTE - Multi-Fuel Generators: Generation data that is in a NYGATS Pending status due to multi-fuel allocations having not been entered will have Certificates issued when the annual settlement is run, using the primary fuel type. The Account Holder can login to the data review screen of a multifuel project with pending data by accessing the Review Data/ Self Report column located in the Asset Management Module. Select the 'NYGATS Pending' Status hyperlink to review the reported data and enter the allocation (percentage) of the fuels used during the month.
Additional information on Data Loading and Certificate Creation can be found in the Operating Procedure 9.1
Prior Period Adjustments
Occasionally there may be debits and credits in the current period as data is finalized or resettled, requiring a Prior Period Adjustment. The hyperlinked value in the Adjustment New column can be selected to approve or dispute the Prior Period Adjustment.
Prior Period Generation can be reviewed, Accepted or Disputed by the Account Holder for 14 days. Once QIP or NYISO Loaded data is accepted by the Account Holder, Certificates will be immediately issued. NYGATS Accepted data that is not Account Holder Accepted or Disputed after 14 days will be used for certificate issuance 15 days after the data was loaded.
The Prior Period Adjustments will be displayed Adjustment New (MWh) column of the Self-Reporting/Facility/Project Output Data Review screen.
If new Certificates are created resulting from an adjustment, the vintage of the Certificates shall reflect the month and year of the generation being adjusted. If Certificates must be debited, fewer Certificates will be created for the current period. After the Annual Settlement Date associated with the Vintage Year is passed, no further adjustments will be accepted by the NYGATS Administrator for that Vintage Year.
ZEC Issuance Rules
- NYGATS will create ZECs on a first-come-first-served basis from the four eligible generating units (GEN1030, GEN1040, GEN1042, GEN1095) until the cap is reached. Certificates after the cap is reached will have no ZEC eligibility.
- The issuance cap should be applied to the ZEC compliance year, which runs from April to March. Therefore, the ZEC count should reset every year for April certificate issuances.
- The Issuance Cap is 27,618,000 for compliance years 2017 and 2018. The Issuance Cap may change for later compliance years.
- When an issuance occurs that results in the cap being reached, the remaining available ZECs will be divided up in proportion to the reported gen for the compliance year (i.e. if GEN1030 reports 80% of the sum of the output from all nuclear projects in the compliance year, they should receive 80% of the remaining ZECs)
- Positive adjustments do not receive ZECs after the cap is reached.
- Negative adjustments for generation that resulted in ZEC issuance results in those ZECs being available for the next issuance.
- All questions related to ZEC, ZEC issuance and compliance should be directed to NYSERDA - email@example.com