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M-LRP Changes for Day-Ahead

M-LRP Changes for Day-Ahead. Robert B. Burke NEPOOL Markets Committee March 9, 2004. Note. The specific language for these changes is still under development The language presented is intended to provide the flavor of the proposed changes. DA Program Definitions.

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M-LRP Changes for Day-Ahead

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  1. M-LRP Changes for Day-Ahead Robert B. Burke NEPOOL Markets Committee March 9, 2004

  2. Note • The specific language for these changes is still under development • The language presented is intended to provide the flavor of the proposed changes

  3. DA Program Definitions • Day-Ahead programs are an option off the Real-Time Program • Resource must be in a Real-Time Program • ICAP credit measured by Real-Time Program performance • Entire offer must be economic to clear (hourly offer + curtailment initiation price) • No payment for interruptions outside cleared hours and RT Program hours

  4. DA Load Response Programs

  5. DA Load Response Programs (2)

  6. Definition The Day-Ahead Load Response Programs provide a Day-Ahead aspect to the Real‑Time programs. The Day-Ahead Load Response Programs allow Real-Time program participants to offer energy reductions (100 kW minimum) of curtailment into the Day-Ahead Energy Market. If the curtailment offer clears in the Day-Ahead Energy Market, the resource will be paid the applicable Day-Ahead Zonal Price. Differences between the actual curtailment and the offered capacity are settled at the appropriate Real-Time Zonal Price (except during OP-4 events) as specified later in this manual.

  7. Definition (2) Resource offers will only clear in the Day-Ahead Energy Market if the resource will recover its complete offer price (including curtailment initiation price). If a resource devates in Real-Time from its cleared Day-Ahead offer, that deviation will not be eligible for Operating Reserve credits or responsible for Operating Reserve charges. The Real-Time deviation will be charged or credited at the Real-Time Zonal LMP (except during OP-4 events) as specified later in this manual.

  8. Definition (3) Resources participating in the Day-Ahead Load Response Programs are eligible to qualify as an ICAP Resource only if the resource is in either the Real-Time Demand Response Program or the Real-Time Profiled Response Program. Resources in either the Real-Time Demand Response Program or the Real-Time Profiled Response Program qualify as an ICAP Resource in accordance with NEPOOL Manual for Installed Capacity, M-20. The performance criteria and level of ICAP credit are defined later in this manual. Resources participating in the Day-Ahead Load Response Programs that are participating in the Real-Time Price Response Program are not eligible to qualify as an ICAP Resource.

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