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Future Market Implementation Requirements - way forward

Future Market Implementation Requirements - way forward. MWG – February 17 th , 2009 – Decision Session #1. Requirements Gathering Process. Review MISO BPMs. Pull decision points. Research RTOs. Info Session #1. Info Session #2. Info Session #3. MWG Decision Session.

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Future Market Implementation Requirements - way forward

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  1. Future Market ImplementationRequirements - way forward MWG – February 17th, 2009 – Decision Session #1

  2. Requirements Gathering Process Review MISO BPMs Pull decision points Research RTOs Info Session #1 Info Session #2 Info Session #3 MWG Decision Session Review Protocol Language from previous Decisions

  3. Proposed Process Since this is our first Design Session • Review each of the decision points from Information Sessions • Dialogue • Decide which RTO designs best fits the SPP footprint, for each decision point • Staff will then develop protocol language for next MWG Face to Face

  4. Risk Matrix Why is it important to strive to use existing designs with limited changes. Challenges in evaluating unknown risks

  5. Topic Schedule Feb 2nd Market Structure Product to be Offered Resources Feb 9th Registration Resource Qualification Feb 23rd Market Functions I March 2nd Market Functions II March 9th Energy Transactions May 4th Virtuals Demand Response May 11th Settlements I June 1st Settlements II June 22nd Market to Market June 29th Formulations July 13th Technical Other March 23rd Resource Adequacy March 30th Emergency Condition Load Forecast Market to Market April 6th Modeling Pseudo ties and JOU April 13th BA Functions April 27th Market Mitigation

  6. Info Session #1 • Products to be offered • Unit Status (commitment and dispatch) • Special support for Pump Storage • Special support for Condensing mode • Offer Caps • Support for Dispatch Bands • Resource offer roll over

  7. What Products will be offered

  8. Unit Status • Dispatch • One for each of the products and determines how the SCED software may dispatch the product • Economic • Self Schedule • Not Qualified • Not Participating Commitment Commitment status determines how the SCUC software can commit a unit • Outage • Emergency • Economic • Must Run • Not Participating Are there other status we need to consider?

  9. Special Support • Pump Water • Condensing modes Do we need special support for these or other units, at this time?

  10. Submission Offer Caps • Methodology or • Pick RTO

  11. Offer Caps

  12. Dispatch Bands • Do we need the added complexity?

  13. Dispatch Bands Dispatch Bands In addition to the hourly dispatch limits specified in Subsection 4.2.2.4.1, the Midwest ISO provides Dispatch Band Limit modeling in order to allow Market Participants to model their physical operating characteristics of Generation resources and DRR - Type II.

  14. Offer Lock Down – DA to RTB • Connection between DA and RTB offers • Separate or connected • More details on following slides

  15. Offer Rollover • There is a difference in how offers work. In MISO and New York the DA and RT offers are completely separated. Only connected via Make Whole Payments. • In PJM and New England, there is a connection between DA and RT. PJM locks in units that are committed by DA. Re-bid allowed if uncommitted but all offers locked in at end of re-bid. • New England locks in all accepted offers and uses the DA as the RT (some exceptions are allowed)

  16. Offer Rollover • Manual intervention allows for the possibility of subjective treatment • Allowing them to be updated (DA and RTB) will facilitate a rebid period

  17. Feb 9th Information Session • Participant-certify or RTO Pre-qualification test • Ongoing monitoring process • Default data to collect and use • How far out to evaluate long starting units • What time to close DA market bids • Do we need an RTO deadline to post RUC results

  18. Qualification • Participant-certify or RTO Pre-qualification test • Ongoing monitoring process

  19. Qualification *Received further clarification after Info session

  20. Default Data • Economic Data • Commitment Data • Dispatch Data

  21. First Reliability Commitment • RTO use between 3 and 7 days prior to operating day

  22. Timeline Compare

  23. Day Ahead Timeline • RTO use between 3 and 7 days prior to operating day • Rebid Period • Do we need an RTO deadline to post RUC results

  24. Timeline Compare

  25. 2009 2010 2011 2012 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Project Startup (Establish - PMO, Communications Team, Project Risks, Funding) Requirements Def RFP / Contracts BA, Update Tariff, ASM, States FERC / State Filings Business Practices Sys Requirements System Dev Environment Build Integration Test Operation Testing Code Stabilization Cutover / Launch

  26. Questions Barb Nutter – bnutter@spp.org

  27. bnutter@spp.org

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