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AUGUST 6, 2014 | NEPOOL markets committee

AUGUST 6, 2014 | NEPOOL markets committee. Jay Dwyer. ISO New England. Conforming Changes to Manuals for Net Commitment Period Compensation Payments Tariff Changes, associated clean-up, and elimination of M-29. Conforming Manual Changes for NCPC Payments. Notes on M-29 Elimination.

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AUGUST 6, 2014 | NEPOOL markets committee

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  1. AUGUST 6, 2014 | NEPOOL markets committee Jay Dwyer ISO New England Conforming Changes to Manuals for Net Commitment Period Compensation Payments Tariff Changes, associated clean-up, and elimination of M-29 Conforming Manual Changes for NCPC Payments

  2. Notes on M-29 Elimination • In the course of reviewing M-29 for NCPC payments revisions, the ISO noted that all of what M-29 does is done elsewhere: • The summary of invoice is done more accurately and is updated more frequently in the Billing Job Aids on the ISO website; and • RBA is fully covered in the Tariff and M-28. • M-29’s Summary of Invoice section requires significant revision to reflect the new NCPC types. • M-29 has little or nothing to do with Market Participant actions.

  3. Manual Changes The Manual changes other than elimination of M-29 are to: • Conform the Manual language to the new NCPC provisions in the Tariff; • Correct errors and make clean-up changes; All these changes are summarized in the following slides

  4. M-11 NCPC Revisions (1 of 2)

  5. M-11 NCPC Revisions (2 of 2)

  6. M-28 NCPC Revisions Summary

  7. M-35 Revisions (1 of 8) • Several revisions to M-35 not related to NCPC or Offer Flexibility were added here.

  8. M-35 Revisions (2 of 8) • Revisions (cont.)

  9. M-35 Revisions (3 of 8) • Revisions (cont.)

  10. M-35 Revisions (4 of 8) • Revisions (cont.)

  11. M-35 Revisions (5 of 8) • Revisions (cont.)

  12. M-35 Revisions (6 of 8) • Revisions (cont.)

  13. M-35 Revisions (7 of 8) • Revisions (cont.)

  14. M-35 Revisions (8 of 8) • Revisions (cont.)

  15. M-20 Revisions for NCPC • Section 2.5 Line 5 (Section III.13.5.3) Change designation time for Supplemental Capacity Resources to match Tariff; • Defined terms Operating Day and Minimum Run Time should be capitalized (Minimum Run Time is a new defined term; Operating Day is a clean-up change).

  16. M-RPA Revision for NCPC • In Section 3.4.6.2, replace “notification period” with “Demand Resource Notification Time” to reflect revision in Section III.13.6.1.5.4.3.3 made in the Conforming Tariff changes for EMOF and NCPC.

  17. M-36 Revision for NCPC • Section 3.1 Revise the deadline for designating Forward Reserve Resources to “as provided under Market Rule 1 Section III.9.5.1”.

  18. Proposed Stakeholder Schedule • Today: Present proposed changes and red-lined Manuals to the Committee; • September: Review the actual red-lined Manuals with the Committee; • October: MC Vote on Manuals; • November: PC Vote.

  19. ISO Closing Remarks • Both the EMOF and NCPC Payments Tariff revisions are effective in December. • The NCPC Payments revisions will be made to the Manuals as revised for EMOF to be effective at the same time. • Thank you for your time and attention.

  20. Questions, comments and concerns

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