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January 30, 2013 | Holyoke, MA

January 30, 2013 | Holyoke, MA. Abimael Santana. Demand Resources Working Group. General Information on Composite Offers and CPS Reporting Changes. Associate engineer. Composite Offers – Why and What. FCM is predicated around a 12 month product

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January 30, 2013 | Holyoke, MA

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  1. January 30, 2013 | Holyoke, MA Abimael Santana Demand Resources Working Group General Information on Composite Offers and CPS Reporting Changes Associate engineer

  2. Composite Offers – Why and What • FCM is predicated around a 12 month product • Each resource must be able to deliver an equal amount of capacity in each seasonal month • Measures that have seasonal performance differences may not be able to deliver the same capacity in each month • A CFL may deliver more capacity in winter due to higher coincidence with the performance hours • Due to differences in the physical assets making up a resource, a resource may have a higher winter or summer qualified capacity value

  3. Composite Offers – Why and What (Cont.) • A new or existing capacity resource with a different summer and winter qualified capacity will have its: • FCA qualified capacity lowered to the lower of the two for new capacity • An FCA static delist bid entered on the difference between a higher summer and its low winter on existing capacity • Differences in winter or summer can be be addressed by participating the the market rules allowing for offers composed of separate resources

  4. Composite Offers – Tariff Reference III.13.1.5. Offers Composed of Separate Resources • Separate resources seeking to participate together in a Forward Capacity Auction shall submit a composite offer form no later than 10 Business Days after the date on which the ISO provides qualification determination notifications.

  5. Composite Offers – Submission • Submitted during the ten (10) Business Days after the ISO issues the Qualification Determination Notification • Initiated by the summer resource (summer DRV > winter DRV) • May select multiple winter partners to contribute to the combined winter DRV • A resource may submit a composite offer between its own existing and new Qualified Capacity

  6. Composite Offers – Submission (Cont.) Submission Steps: • Summer Resource designates winter partner (Lead Participant) • Status set to pending • Winter partner designates resources with excess winter to be part of the composite offer • Summer Resource reviews the entries made by the winter partner and confirms the composite offer • Status is set to confirmed

  7. Composite Offers – Schedule and Training Materials • Composite offers deadlines for FCA 1-8 are available in the Forward Capacity Market (FCM) Manual (M-20) • A web-based training is available on ISO New England's Training & Events Network (ISO-TEN) Home >> Support >> Training >> ISO-TEN log in page

  8. Demand Resource Critical Path Schedule Reporting Update

  9. Tariff Section III.13.3.2. Quarterly Critical Path Schedule Reports • For each new resource that is being monitored for compliance with its critical path schedule, the Project Sponsor for that resource must provide a written critical path schedule report to the ISO no later than five Business Days after the end of each calendar quarter. If the Project Sponsor does not provide a written critical path schedule report to the ISO by the fifth Business Day after the end of the calendar quarter, then the ISO shall issue a notice thereof to the Project Sponsor. If the Project Sponsor fails to provide the critical path schedule report within five Business Days of issuance of that notice, then the resource will be subject to termination pursuant to Section III.13.3.4(c).

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