80 likes | 170 Views
CSWG Settlement Results Report 6/17/2013. Jim Galvin. Settlement Observations- LZ to Hub May 2013 to May 2012. Settlement Observations- LZ to Hub May 2013 to Apr 2013. May 2013 Price Volatility. Max $843.98 (May 9, 2103 Intervall 6:45) Daily Average for May 9 $52.39
E N D
CSWG Settlement Results Report6/17/2013 Jim Galvin
Settlement Observations- LZ to Hub May 2013 to May 2012 Meeting Title (optional)
Settlement Observations- LZ to Hub May 2013 to Apr 2013 Meeting Title (optional)
May 2013 Price Volatility • Max $843.98 (May 9, 2103 Intervall 6:45) • Daily Average for May 9 $52.39 • High prices sustained for an hour, possible unit trip Analysis of North HUB
April Highlights • May weather was mild, temperatures slightly below normal • Market price volatility on May 9 (outage based?) • Congestion volatility primarily remains out West • Increases in Emergency Energy uplift in April 2013, somewhat re • Ancillary Services increase by ~$0.40 /MWh
CSWG Initiatives • Reduced Settlement Timeline • Weekly calls provided good discussion but little concern from market participants • Current timeline has not seen a change for when Data Aggregation is run so impact on Data availability is minimal • ERCOT provided “what if” scenario results on available data for a 1-day reduction in when Data Aggregation is run • CSWG does not see any need to hold up the transition into the next stage for further reduction of the Settlement Timeline • Weekly calls will start up again after the next reduction in the Timeline • CSWG will work to identify success criteria and testing needs during next phase reduction of timeline Meeting Title (optional)
Questions? Meeting Title (optional)