1 / 6

Role of Market Monitoring at the NYISO

Learn about the crucial role of Market Monitoring at NYISO and how it drives market improvements, complies with regulations, and ensures performance through investigations, analysis, and simulations. Discover key responsibilities, resources, and current priorities.

nealwilliam
Download Presentation

Role of Market Monitoring at the NYISO

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. John P. Buechler VP – Market Structures FERC Open Session • Washington, D.C. • May 18, 2006 Role of Market Monitoring at the NYISO

  2. NYISO: Redesigned Organization (Effective November 21, 2005) Independent Market Advisor (IMA) Board of Directors IMA - advises CEO, Sr. Staff & MMAP unit IA - reports for administrative purposes to Market Structures Internal Audit Mark Lynch President and CEO Diane Egan Executive Assistant and Assistant Secretary to the Board Robert Fernandez General Counsel Michael Calimano VP, Operations John Buechler Acting VP, Market Structures Charles Garber VP and Chief Financial Officer Ken Fell VP and Chief Information Officer Garry Brown VP, External Affairs Sandra Sanford VP, Human Resources --Strategic & Business Planning --Product & Project Mgmt --Market Monitoring, Analysis & Performance --Compliance & Risk Mgmt --Market & Employee Training --Customer Support

  3. Role & Responsibilities: MMAP • Administration of NYISO’s FERC-Approved: • Market Monitoring Plan • Market Mitigation Measures • Market Monitoring • Participant Behavior & Market Outcomes • Mitigation & Investigations • Analysis • Market Simulations & Market Improvements • Performance • Daily Market Review & Monthly Performance Reports • Interface with FERC Staff

  4. Role & Responsibilities: IMA • Advises NYISO Board, CEO & Senior Staff • Market Design & Performance • Market Improvements • Advises MMAP • Market Design & Performance • Mitigation Design & implementation • Regulatory Filings • Performs Annual SOM Assessment • Presents to Board, FERC & NYISO Stakeholders

  5. Resources • MMAP Staff: 23 Personnel • Includes 3 PhD Economists; Engineers & Analysts • Independent Market Advisor • NYISO Staff & Outside Counsel • Automated Tools • Production Software (e.g. – AMP); Off-Line Tools • Simulation Tools (e.g. – PROBE; SCUC) • Manual Policies and Procedures • Consultation • Regulatory Staff & Market Participants

  6. Current Priorities • Daily Market Monitoring Activities • Support of Corporate-Wide “Excellence-in-Execution” Initiative • Automation of Manual Processes • Off-Line Systems Moved to Production Environment • Enhance Controls & Compliance • Improvement of Analysis Capabilities • Data Storage and Accessibility • Interface with Strategic Planning • Environmental Issues

More Related