03 · Settlement

Reconciliation

Verify delivery against commitments to the 15-minute interval, attribute revenue to each asset, and reconcile against the ISO settlement statement. When an asset underperforms, the root cause is already attached.

15-min interval granularity AMI-metered Per-asset attribution Audit-ready log

velapwr.com/settlement/2026-05-07

SETTLEMENT · MAY 7 2026

RECONCILED Interval meter data verified · 15-min granularity

DELIVERY SUMMARY

COMMITTED

8.4 MW

day-ahead position

DELIVERED

8.1 MW

verified · AMI metered

PERFORMANCE

96.4%

↓0.3 MW shortfall

8.1 MW delivered 0.3 MW shortfall

PER-ASSET ATTRIBUTION

Asset

Committed

Delivered

Performance

Revenue

Status

Meridian Warehouse

Battery · Site 1

3.4 MW

100%

$1,870

SETTLED

Riverton Cold Store

HVAC · Site 2

1.1 MW

100%

$490

SETTLED

NorthPark Mfg

Battery · Site 3

2.4 MW

2.1 MW

87.5%

$940

UNDERPERFORM

FleetCo Depot 4

EV Fleet · Site 4

0.8 MW

100%

$310

SETTLED

Meadowbrook School

Battery · Site 5

0.7 MW

100%

$210

SETTLED

⚠ UNDERPERFORMANCE · NORTHPARK MFG

Root cause: SOC fell below 20% floor at 15:47 CT → emergency reserve triggered

Impact: ↓0.3 MW for 42 minutes · Performance penalty: −$124

Agent flagged risk at 14:52 CT → operator override declined dispatch reduction.

REVENUE WATERFALL

Gross settlement revenue$7,820

Performance penalty (ERCOT)−$124

Platform fee (18%)−$1,388

Customer net revenue $0

Settlement period: May 7 00:00–23:59 CT Next settlement: May 8 · estimated $7,200–$8,100

From meter to payout

Every dollar, traced to an interval.

Settlement closes the loop: the same engine that bid and dispatched now proves what was delivered, attributes it per asset, and reconciles it against the ISO — penalty and all.

01 — VERIFY

Interval-metered delivery

AMI meter data is matched against the committed position at 15-minute resolution. Committed vs. delivered is reconciled before any revenue is recognized.

02 — ATTRIBUTE

Revenue per asset

Delivery is allocated proportionally with no rounding leakage, so each site carries its own performance and payout. Underperformers are flagged with a root cause.

03 — RECONCILE

Against the ISO statement

Gross revenue, ERCOT performance penalty, and platform fee resolve to a customer-net figure that ties out line-by-line to the settlement statement.