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Day Ahead Market Enhancements: Updates to Revised Straw Proposal Workshop June 19, 2018 Agenda Time Topic Presenter 10:00 – 10:15 Welcome and Introductions Kristina Osborne 10:15 – 10:30 Overview Megan Poage 10:30 - 11:30 Market Formulation George Angelidis 11:30 – 12:00 Settlement Don Tretheway 12:00 – 1:00 LUNCH 1:00 – 2:30 Other Design Elements Don Tretheway 2:30 – 3:30 FRP Requirement Hong Zhou 3:30 – 3:45 Comparison of DA Physical Supply Danielle Tavel 3:45 – 4:00 Next Steps Kristina Osborne Page 2 ISO Policy Initiative Stakeholder Process POLICY AND PLAN DEVELOPMENT Issue Straw Draft Final Oct 2018 Nov 2018 Paper Proposal Proposal EIM GB ISO Board Stakeholder Input We are here Page 3 Day-Ahead Market Enhancements OVERVIEW Megan Poage Sr Market Design Policy Developer Materials provided for this workshop • Presentation • Updated Appendix C – Market Formulation • Solver Model Excel Spreadsheet • Settlements Excel Spreadsheet • Response to Stakeholder Comment Matrix • Draft Impact Assessment Page 5 What is changing? Current DAM New DAM   MPM pass MPM pass   IFM pass IFM/RUC pass   RUC pass  D+2 run D+2 run   D+3 run D+3 run   Hourly intervals 15min intervals   RUC Capacity DA FRP   Up Up/Down   Slide 6 Imbalance Reserves are now Day-Ahead Flexible Ramping Products (FRP) • RT FRP currently settles Forecasted Movement and Uncertainty Awards • To align with DA FRP, all resources will be settled for Scheduled Energy and Uncertainty Awards – Energy Schedule + Up Uncertainty Award = FRP Up – Energy Schedule – Down Uncertainty Award = FRP Down Page 7 Day-Ahead Market Enhancements MARKET FORMULATIONS George Angelidis, Ph.D. Principal Power Systems Technology Development What is Imbalance Reserve? Reserved upward  MW and downward IRU i,t EN ramping capacity i,t EN procured at t-1 to be i,t-1 delivered if needed IRD at t to meet the i,t demand forecast plus upward and t-1 t downward uncertainty DA FRP Slide 9 Day-Ahead Market targets Cleared Physical Supply + IRU Positive Uncertainty IRU Requirement Reliability Energy Demand Forecast Reliability Capacity Cleared Supply Cleared Load + Loss Negative Uncertainty IRD Requirement Cleared Physical Supply –IRD DA FRP Slide 10

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Day Ahead Market Enhancements: Updates to Response to Stakeholder Comment Matrix .. Clarification to AS given 15-minute granularity in day-.

Day Ahead Market Enhancements PDF

80 Pages·2017·3.68 MB·English

by Osborne, Kristina

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Day Ahead Market Enhancements: Updates to Response to Stakeholder Comment Matrix .. Clarification to AS given 15-minute granularity in day-.

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Author:	Osborne, Kristina
Publication Year:	2017
Pages:	80
Language:	English
File Size:	3.68
Format:	PDF
Price:	FREE

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