1 / 11

Day Ahead Market Working Group

Explore NYISO's Imports/Exports in DAM, submission process, bidding rules, unique elements, and scheduling considerations. Understand the bidding criteria, scheduling protocols, and resolution of new issues to ensure efficient transactions.

jermainee
Download Presentation

Day Ahead Market Working Group

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. Day Ahead Market Working Group April 14, 2003

  2. Agenda • Discussion of SMD-style DAM • review questions posed by the DAM WG and Coral regarding the SMD-style DAM • Discussion of Coral Bid-Ask Trade DAM • resolution of status • NYISO Imports/Exports in DAM • Next Steps -- April 22 Face-to-Face

  3. NYISO Imports/Exports in DAM Introduction: • Reference to NYISO Market Participant Manuals and Technical Bulletins @ http://www.nyiso.com/services/documents.html • Examine NYISO as potential IMO model • Consider current RT Intertie procedures relative to DAM • Unique elements of NYISO

  4. NYISO Imports/Exports in DAM Submitting Import/Export Bids: • All transactions from external control areas are required to be submitted into the NERC ETAG system prior to becoming active schedules • DAM closes 05:00 – Results posted 11:00 • E-Tag changes can be made before DAM closes, after DAM posts results, but before 22:00 (All times prior day)

  5. NYISO Imports/Exports in DAM NYISO Reference Bus: • External generators and loads submit transaction bids into the NYISO DAM against the Marcy LBMP reference bus - NYISO_LBMP_REFERENCE • Used to calculate all marginal loss and congestion costs in the system • External energy sales or purchases are settled on the LBMP (Locational Based Marginal Price) • LBMP = Reference Bus Energy $ + Losses - Congestion • For Ontario Zone - source bus (exports to NYISO) or sink bus (imports from NYISO) is - OH_GEN_BRUCE or OH_LOAD_BRUCE • Additional points for PJM, NE and HQ

  6. NYISO Imports/Exports in DAM Scheduling: • Import/Export bids are approved through SCUC or BME • Schedules must be coordinated with corresponding control area • With respect to BME and for economic priority, default price -$1000 assigned for imports • External transactions scheduled in the Day-Ahead Market (DAM) have economic priority over resources bid competitively in the Hour-Ahead Market (HAM) in the determination of which transactions are permitted to flow in real-time • Transactions are financially binding in DAM regardless if curtailed

  7. NYISO Imports/Exports in DAM Multi-Hour Block Transactions: • DA firm external transaction bids may be offered, specifying a minimum run-time, and if accepted, awarded a multi-hour block schedule at the bid MW amount • Evaluated in the Day-Ahead Market relative to alternative offers • Easier to coordinate scheduled external transactions with corresponding transactions in neighboring control areas • Checkout process with the neighboring control area confirms each hour of a DAM scheduled multi-hour block transaction independently • Transaction hours are subject to curtailment in real-time based upon HAM bid parameters • Minimum run times will only be honoured within a commitment day, i.e., beginning Hour 1 ending Hour 24

  8. NYISO Imports/Exports in DAM Pre-Scheduling Transactions: • MP can preschedule an external import or export transaction with the NYISO up to 18 months prior to the transaction date • Acceptance is determined by the availability of adequate hourly ramping and transmission capacity related to the affected external interface • Given an economic priority over other external transactions that are not prescheduled - will be a “price taker” and the entities involved agree to accept the DAM clearing prices in effect for the transaction • Submission deadline - 2:00 PM two days before transaction date • Imports/Exports are assigned bid prices of -$1000/+$1000 to ensure priority scheduling in DAM • Parameters of DAM bids cannot be altered after submission deadline and if withdrawals are not approved then bids are financially binding once scheduled

  9. NYISO Imports/Exports in DAM IMO/NYISO Transaction Scheduling: • Currently IMO and NYISO use a specific transaction scheduling protocol to schedule transactions and ensure fair and efficient use of the IMO/NYISO interface • Introduction of a DAM in Ontario will likely require a review and modification to this protocol to ensure resolution of new seams issues that may arise

  10. Discussion Points • Ramp Capacity or Transfer Capabilities across interties • Transmission Congestion Costs - TCC’s • Financial Transmission Rights - FTRs • Transmission Usage Costs TUCs

  11. Next Meetings • April 22 WG Face-to-Face meeting

More Related