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Winter Energy Security Improvements: Filing Extension Request

Discussion of a proposal to request an extension for the filing requirement date and associated project schedule and milestones for winter energy security improvements. The proposal aims to better address regional fuel security through market-based approaches.

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Winter Energy Security Improvements: Filing Extension Request

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  1. January 8-9, 2019| Markets committee Christopher Parent 413.540.4599 | CPARENT@iso-ne.com Discussion of an extension of the filing requirement date and the associated project schedule and milestones WINTER ENERGY SECURITY IMPROVEMENTS: MARKET-BASED APPROACHES

  2. Winter Energy Security Improvements WMPP ID: 125 Proposed Effective Date: 2024-2025, coincident with the commitment period for FCA 15 In accordance with FERC’s order in EL18-182-000, the ISO must develop and file improvements to its market design to better address regional fuel security by July 1, 2019 The ISO has shared, at a high-level, its views on conceptual approach design elements at prior Committee meetings However, today the ISO will discuss a proposal to request from FERC an extension of the filing requirement date, and the associated project schedule and milestones

  3. Winter Energy Security ImprovementsFiling Date Extension • The ISO is proposing to submit a request to FERC extending the filing date from July 1, 2019 to November 15, 2019 • This request will provide NEPOOL and the ISO: • Additional time to more fully develop the ISO’s proposal and stakeholder proposals; and • An opportunity to engage in substantive and necessary discussions on these proposals • This four month extension will not impact the targeted implementation date • June 1, 2024 (Capacity Commitment Period 15)

  4. Winter Energy Security ImprovementsExtended Project Schedule • The additional time will allow the ISO to: • Identify and resolve any major issues with the core design to allow the interrelated market enhancements to work seamlessly; • Develop a more comprehensive and complete design, with supporting technical details and numerical examples • ISO will provide an initial technical paper by March 31, 2019 • Complete its scenario-based qualitative and quantitative analyses based on a more developed core market design • Assuming November 15, 2019 filing date is accepted by FERC • The Markets Committee vote would take place at its October 16-17, 2019 meeting • The Participants Committee vote would take place at its November 1, 2019 meeting

  5. Winter Energy Security ImprovementsTarget Schedule of ISO Deliverables • This project will continue to be addressed in three broad agenda categories: • ISO’s Multi-Day Ahead Market (MDAM) and Energy Inventory Reserve Constraint (EIRC) design • Stakeholder Proposals • ISO’s Impact Analysis of its MDAM and EIRC design • The target delivery schedule for the ISO’s major deliverables are shown below • While chart indicates initial releases, the items will continued to be developed and discussed throughout the extended stakeholder schedule

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