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Energy Price+Product Evaluation of Characteristics

Energy Price+Product Evaluation of Characteristics. William Cox OASIS EMIX TC Meeting 2009-12-17. Some Sources. Cox Presentation 2009-11-05 Sun-Ipakchi Presentation 2009-10-26 Meeting Minutes. Characteristics Discussed . Price Currency Units of measure Quantity (the number of units)

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Energy Price+Product Evaluation of Characteristics

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  1. Energy Price+ProductEvaluation of Characteristics William Cox OASIS EMIX TC Meeting 2009-12-17

  2. Some Sources • Cox Presentation 2009-11-05 • Sun-Ipakchi Presentation 2009-10-26 • Meeting Minutes OASIS EMIX TC 2009-12-17

  3. Characteristics Discussed • Price • Currency • Units of measure • Quantity (the number of units) • Counter Party (the one you’re trading with) • Kind of Energy (Natural Gas, Electricity?) • Schedule (time interval, past , present or future) • Location (viz. Carl Reed/OGC discussion) • Delivery or settlement location OASIS EMIX TC 2009-12-17

  4. Characteristics Discussion (2) • Source Description (how the energy was generated) • Hard coal, soft coal, soft coal with scrubber, natural gas, wind, solar, hydro, etc • Carbon characteristics • Specialized [Electrical+] Characteristics • Reserve • Frequency Regulation • Voltage Support • Capacity OASIS EMIX TC 2009-12-17

  5. Characteristics Discussed (3) • Green Content percentage • Usage or Load • PAP 10 Requirements in process OASIS EMIX TC 2009-12-17

  6. Extensible (From 2009-11-05) • We don’t know what characteristics will be important. • May use a name-value pair approach for these and others • Note that XML is inherently name/attribute/value • Need to manage the names and value sets for base, energy, and extensions OASIS EMIX TC 2009-12-17

  7. A Proposal • Structure with key information in the information model • Carry additional information as message/larger artifact components • More specifically… OASIS EMIX TC 2009-12-17

  8. A Proposal (2) • In the EMIX Information Model • Price • Currency • Units of measure • Quantity • Schedule • Location • Source • Kind of Energy (electric+regulation, gas, ..) OASIS EMIX TC 2009-12-17

  9. A Proposal (3) • Extended characteristics • Carbon • Which kind(s)? • Source percentages • Green content • Definition? Relationship to Source? Political Definition? • Usage or Load or Peak • May be core information model—discuss OASIS EMIX TC 2009-12-17

  10. A Proposal (4) • Not in the model—carried with EMIX artifacts but not inside • Counterparty • E.g. market transaction message would contain • EMIX artifact • Counterparty • Transaction Ids and tracking information • Other pFIX information • Clearing location • Additional items for discussion • Wholesale/retail flag • Contract identifier • Program OASIS EMIX TC 2009-12-17

  11. Next Steps • Write up information model • Work on definitions of the pieces • Move into working draft • Comments, change requests to text in working draft OASIS EMIX TC 2009-12-17

  12. References and Inputs • NAESB Requirements and Use Cases • Including vocabulary • EERP Business Quality of Service does some of these things • Extensible list • Common base includes price, units, currency • ebXML, UBL deal with products, invoices, and transactions • FIX (financial protocols) markets, including forward OASIS EMIX TC 2009-12-17

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