Comparison of Installed Capacity (ICAP) & Unforced Capacity (UCAP) Capacity Value Calculation Methods. Eligibility WG Meeting #3 July 4, 2017
|
|
- Clifton Hill
- 6 years ago
- Views:
Transcription
1 Comparison of Installed Capacity (ICAP) & Unforced Capacity (UCAP) Capacity Value Calculation Methods Eligibility WG Meeting #3 July 4, 2017
2 Overview The following materials provide an examination of the question: Should we use Unforced Capacity (UCAP) MW or Installed Capacity (ICAP) MW to represent capacity when determining capacity values? Outline High level definition of ICAP & UCAP Jurisdictional Review of ICAP & UCAP methodologies for Thermal Resources Example UCAP calculation for Thermal Resources Outage rate impact on UCAP calculations Implications of ICAP and UCAP Jurisdictional review of ICAP & UCAP methodologies for Variable Resources Example ICAP/UCAP calculation for Variable Resource Summary of options relative to criteria 1
3 High Level Definitions Installed Capacity (ICAP) represents physical generating capacity adjusted for ambient weather conditions. Unforced Capacity (UCAP) represents the percentage of ICAP available after a unit s forced outage rate is taken into account. Specific Examples for PJM Installed Capacity (ICAP) A MW value based on the summer net dependable capability of a unit and within the capacity interconnection right limits of the bus to which it is connected. Unforced Capacity (UCAP) - The MW value of a capacity resource in the PJM Capacity Market. For a generating unit, the unforced capacity value is equal to the installed capacity of the unit multiplied by (1- unit's EFORd). Equivalent Demand Forced Outage Rate (EFORd) - A measure of the probability that generating unit will not be available due to a forced outage or forced derating when there is a demand on the unit to generate 2
4 Jurisdictional Review: Capacity Contribution Methodologies for Thermal Generation Implementation (with capacity basis for controllable facilities) Market Methodology Conceptual Overview of Methodology PJM UCAP UCAP= ICAP* (1-EFORd) NYISO UCAP UCAP= DMNC* (1-EFORd) MISO UCAP UCAP= GVTC*(1-XEFORd) Implementation (with capacity basis for controllable facilities) Market Methodology Conceptual Overview of Methodology G Br De-rating Factor De-rated Capacity = Connection Capacity X De-rating Factor Ireland De-rating Factor Marginal category de-rating factor Implementation (with capacity basis for controllable facilities) Market Methodology Conceptual Overview of Methodology ISO-NE ICAP Seasonal Claimed Capability Methodologies are From the PJM,NYISO, MISO market manuals. Definition for terms on this slide are found in Appendix 2 3
5 Example: UCAP Calculation for a Thermal Resource Example: Gas Combined Cycle with a nameplate capacity of 500 MW Seasonal Net Dependable (ICAP) accounts for the impact of ambient weather conditions (Summer) on unit performance Unforced Capacity (UCAP) is the ICAP value of the unit reduced by its recent actual forced outage rate during system demand periods (EFORd) Generator will able to offer 396 UCAP MW into the capacity auction Nameplate capacity rating = 500 MW Nameplate capacity modified for seasonal ambient limitations (ICAP). Example: If ambient temprature reduction is 10 % of the nameplate capacity. Ex. ICAP = 500 MW * 90% = 450 MW UCAP= ICAP * (1-EFORd) Forced outage rate = 12% UCAP = ICAP * (1- forced outage rate) Ex. If UCAP = 450 MW * (1-0.12) = 396 MW 4
6 Example: Impact of Differing Outage Rates on UCAP Calculation Units with the same nameplate capacity and ambient temperature impacts can have differing UCAP values due to different forced outage rates. Under an ICAP methodology, a unit with a higher forced outage rate will not be differentiated from one with a lower rate. As such, the same ICAP does not necessarily equate to the same contribution to system reliability. Nameplate capacity rating = 500 MW Nameplate capacity modified for seasonal ambient limitations (ICAP). Example: If ambient temperature reduction is 10 % of the nameplate capacity. Ex. ICAP = 500 MW * 90% = 450 MW Nameplate capacity rating = 500 MW Nameplate capacity modified for seasonal ambient limitations (ICAP). Example: If ambient temperature reduction is 10 % of the nameplate capacity. Ex. ICAP = 500 MW * 90% = 450 MW UCAP= ICAP * (1-EFORd) Forced outage rate = 12% UCAP = ICAP * (1- forced outage rate) Ex. If UCAP = 450 MW * (1-0.12) = 396 MW UCAP=ICAP * (1- EFORd) Outage rate = 30% UCAP = ICAP * (1- forced outage rate) Ex. if UCAP = 450 MW * (1-0.3) = 315 MW 5
7 ICAP Methodology Implications By not accounting for outage rates, the ICAP methodology could result in a phenomenon known as adverse selection whereby resources with lower performance and reliability clear the capacity market since such characteristics would enable resources to have lower capacity costs (by saving on plant maintenance). These lower performing but cheaper resources may displace other potential suppliers with better performing resources that would do more to ensure system reliability. ICAP methodology would put more emphasis on performance measurement & penalty mechanisms to incent higher preforming units and ensure acceptable reliability. Nameplate capacity modified for seasonal ambient limitations (ICAP). Outage Rate Outage Rate Outage Rate Outage Rate UCAP MW available for auction UCAP MW available for auction UCAP MW available for auction UCAP MW available for auction 6
8 Implication: ICAP vs. UCAP Since ICAP does not account for failure probabilities for individual generators penalties for non-performance might need to be significantly larger to result in the same level of system reliability. ICAP Methodology Higher penalties for Non- Performance UCAP Methodology Moderate penalties for Non- Performance 7
9 UCAP Methodology Considerations UCAP methodology may create stronger alignment between capacity payments and resource performance. Solid performance during periods of system demand would result in a higher UCAP eligibility for subsequent auctions. The UCAP methodology: Provides greater assurance of reliability Reduces risk of paying a premium for under performing resources Allows direct comparison of the reliability value across a wide variety of resources Provides better alignment with a Pay-for- Performance approach Allows the clearing price to be established based on resources that have performed well in the past and increases the value of performing MWs. Bolsters auction price signals for new build when needed Provides resource owners the relevant lost opportunity data necessary when making investment decisions to improve generator performance. Slide content is based on materials presented by Dominion in addressing ISO-NE s Performance Incentives/ Markets Committee Meeting/ May,
10 Example Calculation for a Variable Resource No jurisdiction applies nameplate capacity to variable resources Generally, UCAP = ICAP for variable resources For variable generation the UCAP is evaluated based on the generator's capacity credit (or) its actual historical generation during peak hours Example: PJM s ICAP accounts for wind s historical operating data during summer peak hours Example: Wind Farm with a nameplate capacity of 100 MW In PJM the outage rate (EFORd) of solar and wind resources is set to zero, since outage information is not collected. (ICAP=UCAP) Name plate capacity rating = 100 MW In PJM, the capacity rating for wind generators is their average capacity factor for hours ending 3:00 PM to 6:00 PM for the month of June, July and August In ISO-NE a summer capacity credit is used for wind generation that participate in the capacity auction. The average of median net output from 2:00 PM to 6:00 PM for June to September in previous five years In NYISO wind generation capacity credit is determined by their capacity factor between 2:00 PM and 6 PM during June, July and August Outage rate = 0% UCAP = ICAP * (1- forced outage rate) UCAP = 5 MW * (1-0) = 5 MW 9
11 Jurisdictional Review: Capacity Contribution Methodologies for Wind and Solar Survey of Renewable Capacity Counting Practices Capacity Market Jurisdictional Reviews Market Resource Rating Frequency Capacity Contribution Method Annual PK Hours Used Historical Data Difference by Location ISO-NE Wind, Solar Summer, Winter Median during peak 610 (summer) Avg 5 years by facility hours 486(winter) MISO Wind Annual Annual ELCC study, all hours 8760 Avg 10 years by class then facility adjust MISO Solar Summer Seasonal peak hours 276 Avg 3 years NYISO Wind, Solar Summer, Winter Capacity factor during 368 (summer) Current year by facility peak hours 360(winter) PJM Wind, Solar Summer Capacity factor during peak hours 368 Avg 3 years by facility Non Capacity Market Jurisdictional Reviews Market Resource Rating Frequency Capacity Contribution Method CAISO Wind, Solar Monthly Level reached 70% of monthly peak hours entso Wind, Solar Annual 50th percentile (normal), 10th (extreme) ERCOT Wind Summer, Winter Average during 20 highest load hours ERCOT Solar Summer, Winter 100 % until 200 MW then like wind IESO Wind, Solar Summer, Winter, Shoulder Capacity factor: top 5 monthly contiguous demand hours Annual PK Hours Used Historical Data Difference by Location per month Avg 3 years By facility, class adjusted 35 per year around 14 year by country peak 20(summer) 20(winter) Avg 10 years Median 10 years two regions all same all same System Adequacy with Intermittent Resources: Capacity Value and Economic Distortions- Johns Hopkins University 10
12 Comparison of Options Relative to Relevant Criteria ICAP Methodology UCAP Methodology The capacity market should contribute to the reliable operation of the electricity grid, and implementation should be consistent with, and complementary to, existing measures aimed at ensuring reliability The risks of regulatory delay and need for redesign should be minimized. Common practices and lessons learned from other capacity market implementations should be leveraged as much as practicable and applicable. Simple and straightforward initial implementation should be a priority 11
13 Appendix 1 Example of potential methodology UCAP offered = ICAP * ( 1- EFORd) EFORd= Equivalent Demand Forced Outage Rate Example of potential methodology: The AESO determines the ICAP value for each supply resource using the latest results of a resource s Summer Seasonal capability The AESO then utilizes the EFORd value, equal to the resource s forced outage data for the past 3 years. Peaking Unit in Service A 48 hour forced outage on a peaking unit which only operates 5 hours per day. The outage overlapped only 10 hours of demand for the unit. The Demand Factor is used to estimate the peaking unit s demand hours, so only 10 of 48 hours count in EFORd 12
14 Appendix 2 Definitions EFORd- Demand Equivalent Forced Outage Rate (used in the calculation of unforced capacity rating of wholesale electrical generating plants) XEFORd- EFORd adjusted to exclude Outside Management Control (OMC) events is defined as XEFORd DMNC Dependable Maximum Net Capability GVTC Generation Verification Test Capacity 13
15 References Dictionary of Energy/Second Editions/ C.J. Cleveland, C. Morris PJM/Glossary System Adequacy with Intermittent Resources: Capacity Value and Economic Distortions- Johns Hopkins University- LOLEWG Presentation July 22, 2016, C. Bothwell, B.F.Hobbs FERC/ISO NEW England. And New England Power Pool- testimony of Matthew White on behalf of ISO New England INC. Dominion/ Addressing ISO-NE s Performance Incentives/ Markets Committee Meeting/ May 2013 MISO Seasonal Forced Outage Rate/ Capacity Accreditation Under Seasonal Construct Workshop Agenda Item 03a/ April 22 nd,
Who should calculate the UCAP. Eligibility WG September 12, 2017
Who should calculate the UCAP Eligibility WG September 12, 2017 Overview The following materials provide an examination of the question: Who should be responsible for calculating the UCAP for qualified
More informationUCAP Calculation Comparison
UCAP Calculation Comparison Dispatchable resources within PJM, NYISO, & MISO September 2017 Draft for Discussion Overview map British Columbia Alberta Manitoba Newfoundland Labrador Ontario Quebec PEI
More informationLOLE is expressed as hours per year with the usual target criteria being (0.1 days/year) or 1- day in 10-years MISO Tariff: Module E-1 - The
1 2 3 4 LOLE is expressed as hours per year with the usual target criteria being (0.1 days/year) or 1- day in 10-years MISO Tariff: Module E-1 - The Transmission Provider will calculate and post the Planning
More informationExpanding Capacity Eligibility
Expanding Capacity Eligibility Zachary T. Smith Manager, Capacity Market Design ICAPWG/MIWG March 7 th, 2019 Agenda Background Installed Capacity Supplier Payment Structure Peak Load Windows Counting MWs
More informationLOLE Fundamentals Loss of Load Expectation (LOLE) Fundamentals
Loss of Load Expectation (LOLE) Fundamentals March 13, 2014 Last material update: 03/12/2014 LOLE Agenda 2 Loss of Load Expectation (LOLE) Fundamentals Sections LOLE Background LOLE Study Connections to
More informationMaintenance and Planned Outages Capacity Accreditation Under Seasonal Construct Workshop Agenda Item 03c, 3d, 3e.
Maintenance and Planned Outages Capacity Accreditation Under Seasonal Construct Workshop Agenda Item 03c, 3d, 3e April 22 nd, 2016 Seasonal Objective: Accurately represent capacity available to serve summer
More informationCapacity Performance Proposal. Summary of Key Design Elements
December 3, 2014 This page is intentionally left blank. PJM 2014 1 P a g e Capacity Product Synopsis PJM Interconnection is proposing a single capacity product called Capacity Performance, similar to the
More informationMothball Outages in Capacity Markets
Mothball Outages in Capacity Markets (preliminary review and summary for working group discussion purposes consult relevant ISO directly for latest and detailed legal requirements) September 13, 2017 NYISO
More informationCapacity Performance Training. June 24, 2015
Capacity Performance Training June 24, 2015 Training Objectives Provide Capacity Market Sellers with information necessary to participate in the Reliability Pricing Model (RPM) under a Capacity Performance
More informationGADS and LOLE Considerations in Gas- Electric Coordination. ENGCTF June 13, 2013
GADS and LOLE Considerations in Gas- Electric Coordination ENGCTF June 13, 2013 Generating Availability Data System (GADS) National database of electric generator performance, produced by the North American
More informationAPRIL 23, Capacity Value of Wind Assumptions and Planning Reserve Margin
APRIL 23, 2014 Capacity Value of Wind Assumptions and Planning Reserve Margin Executive Summary Effective Load Carrying Capacity (ELCC), or capacity value, of variable generation and required planning
More informationResource Capability Testing
Resource Capability Testing Amount of Capacity Available Joe Nieminski ICAP Market Operations Engineer, NYISO Intermediate ICAP Course November 7-8, 2017 Rensselaer, NY 1 Objectives Participants will be
More informationRPM 301 Performance in Reliability Pricing Model
RPM 301 Performance in Reliability Pricing Model PJM State & Member Training Dept. PJM 2017 Disclaimer: PJM has made all efforts possible to accurately document all information in this presentation. The
More informationCMD Final Industry Stakeholder Comment Matrix
CMD Final Industry Stakeholder Comment Matrix The AESO invites stakeholders to provide comments on the final Comprehensive Market Design (CMD Final). All feedback (whether it be general or specific in
More informationWind Workshop. Technical Characterization: Dependable Capacity & Firm Energy 10:00-10:30am
Wind Workshop Technical Characterization: Dependable Capacity & Firm Energy 10:00-10:30am Objective of this session: Understand BC Hydro s definitions and calculation methodology of dependable capacity
More informationICA Demand Curve Analysis
ICA Demand Curve Analysis Preliminary Findings Regarding the Demand Curve for a Two-Season Auction PREPARED FOR Independent Electricity System Operator Market Renewal Incremental Capacity Auction Stakeholders
More informationDesign Considerations for an Alberta Capacity Market
Design Considerations for an Alberta Capacity Market Monitoring Analytics September 21, 2016 Monitoring Analytics 2016 www.monitoringanalytics.com This page intentionally left blank. Monitoring Analytics
More informationDemand Resource Eligibility. Eligibility WG #4 - July 13, 2017
Demand Resource Eligibility Eligibility WG #4 - July 13, 2017 Overview Issue: Should Demand Response, Energy Efficiency and Price Responsive Load participate on the supply side, demand side, both the supply
More informationCapacity Performance Training. March 16, 2015
Capacity Performance Training March 16, 2015 Training Objectives Provide Capacity Market Sellers with information necessary to participate in the Reliability Pricing Model (RPM) under a Capacity Performance
More informationDeliverability Requirements for Capacity Imports
Deliverability Requirements for Capacity Imports Zachary T. Smith Supervisor, ICAP Market Operations ICAPWG October 11, 2017, Rensselaer, NY Minimum deliverability requirements for External Capacity in
More informationManual 21- Revision 13 Rules and Procedures for Determination of Generating Capability Changes
Manual 21- Revision 13 Rules and Procedures for Determination of Generating Capability Changes Jerry Bell Resource Adequacy Department Markets and Reliability Committee March 21 st, 2019 Manual 21 changes
More information4 Calculation of Demand Curve Parameters
4 Calculation of Demand Curve Parameters This section addresses the demand curve for the Alberta capacity market, including the calculations for the components of the demand curve. 4.1 Resource adequacy
More information2015 ISO/RTO Metrics Report. Summary. November 2015
2015 ISO/RTO Metrics Report Summary November 2015 ISO/RTO Metrics Report Background Independent system operators (ISOs) and regional transmission organizations (RTOs) that are regulated by the Federal
More informationDRAFT Version 1.2 of Installed Capacity Manual Attachment D For Discussion at Installed Capacity WG Meeting on January 27, 2005
Attachment D: Dependable Maximum Net Capability, Audit Forms, the Procedure to Adjust a Resource s Proven Maximum Production Capability and the Procedure to Weather Adjust DMNC Test Data 1.0 Introduction
More informationRRS Education Session #1
RRS Education Session #1 Patricio Rocha Garrido Sr. Engineer Resource Adequacy Planning 11/24/2015 IRM/FPR Basics - Rationale IRM/FPR are computed for future delivery years. And the future is uncertain
More informationSummer 2018 Capacity Assessment
Summer 2018 Capacity Assessment Wes Yeomans Vice President, Operations NYISO Management Committee June 12, 2018 Highlights This summer capacity assessment utilizes a deterministic approach for approximating
More informationConcepts for Behind-the- Meter Net Generation
Concepts for Behind-the- Meter Net Generation Pradip Ganesan Donna Pratt New York Independent System Operator Joint Meeting of Installed Capacity, Market Issues and Price Responsive Load Working Groups
More informationICA Demand Curve Development:
ICA Demand Curve Development: Proposed Approach for Ontario PRESENTED TO Market Renewal Incremental Capacity Auction Stakeholder Group PRESENTED BY Kathleen Spees Johannes Pfeifenberger Yingxia Yang John
More informationCAPACITY MARKET TECHNICAL DESIGN WORKING INDUSTRY GROUP RECOMMENDATION
CAPACITY MARKET TECHNICAL DESIGN WORKING INDUSTRY GROUP RECOMMENDATION Working Industry Group Eligibility Date: 11/21/2017 Informal Poll Date: 11/07/2017 Click or tap to enter a date. RECOMMENDATION TOPIC:
More informationMidwest ISO Resource Adequacy Overview ATC Network Customer Meeting. Kevin Larson Sr. Manager Resource Adequacy October 20, 2010
Midwest ISO Resource Adequacy Overview ATC Network Customer Meeting Kevin Larson Sr. Manager Resource Adequacy October 20, 2010 Agenda Role of Resource Adequacy Planning Reserve Margin Requirements LSE
More informationSummer 2017 Capacity Assessment
Summer 2017 Capacity Assessment Wes Yeomans Vice President - Operations NYISO Management Committee May 31, 2017 Highlights This summer capacity assessment utilizes a deterministic approach for approximating
More informationMay 4, 2017 PLANNING COMMITTEE. Dear Committee Members:
2750 Monroe Blvd. Audubon, PA 19403 May 4, 2017 PLANNING COMMITTEE Dear Committee Members: 2017 PJM RESERVE REQUIREMENT STUDY - DETERMINATION OF THE PJM INSTALLED RESERVE MARGIN, FORECAST POOL REQUIREMENT
More informationBusiness Practice Manual RESOURCE ADEQUACY Planning Years 2013 and beyond
0 Manual No. 011 RESOURCE ADEQUACY Planning Years 2013 and beyond 0 Disclaimer This document is prepared for informational purposes only to support the development application of enhancements to MISO s
More informationJoanne Flynn David Cormie NFAT Technical Conference July 15, 2013
Joanne Flynn David Cormie NFAT Technical Conference July 15, 2013 1 Who is MISO? Midwest Independent Transmission System Operator, Inc. Changing name to the Midcontinent t Independent d tsystem Operator,
More informationReliability Modeling: Demand, Outage, Intermittent Generation, & Import
Reliability Modeling: Demand, Outage, Intermittent Generation, & Import Adequacy and Demand Curve Workgroup November 15, 2017 Draft for Discussion Outline Reliability modeling updates Question to WG Members:
More informationCapacity Performance FAQ Response
PJM Interconnection September 15, 2014 This page is intentionally left blank. PJM 2014 www.pjm.com 2 P age Contents FAQ Response Introduction... 4 Capacity Products... 4 Methodology for Establishing Maximum
More informationCapacity Resource Performance in NYISO Markets
Capacity Resource Performance in NYISO Markets An Assessment of Wholesale Market Options Paul Hibbard Todd Schatzki Sarah Bolthrunis Analysis Group Inc. October 2017 Acknowledgments This report reviews
More informationEthan D. Avallone Senior Market Design Specialist, Energy Market Design ICAPWG/TPAS February 21, 2018 Rensselaer, NY
Performance Assurance Management Response to Analysis Group s Capacity Resource Performance in NYISO Markets: An Assessment of Wholesale Market Options Ethan D. Avallone Senior Market Design Specialist,
More informationConsiderations For Minimum Resource Size Threshold in the Capacity Market. Eligibility WG Meeting #3 July 4, 2017
Considerations For Minimum Resource Size Threshold in the Capacity Market Eligibility WG Meeting #3 July 4, 2017 Overview The following materials provide an examination of the question: What is a minimum
More informationReliability Pricing Model (RPM) DRAFT Business Rules
Definition and Purpose of Reliability Pricing Model (RPM) 1. The purpose of the RPM is to develop a long term pricing signal for capacity resources and LSE obligations that is consistent with the PJM Regional
More informationRecent Trends and Experience in US Capacity Markets
Recent Trends and Experience in US Capacity Markets PRESENTED TO Solar Ontario Canadian Solar Industries Association PRESENTED BY Walter Graf November 14, 2018 Copyright 2018 The Brattle Group, Inc. Why
More information2018 PJM RESERVE REQUIREMENT STUDY - DETERMINATION OF THE PJM INSTALLED RESERVE MARGIN AND FORECAST POOL REQUIREMENT FOR FUTURE DELIVERY YEARS
2750 Monroe Blvd. Audubon, PA 19403 May 3, 2018 PLANNING COMMITTEE Dear Committee Members: 2018 PJM RESERVE REQUIREMENT STUDY - DETERMINATION OF THE PJM INSTALLED RESERVE MARGIN AND FORECAST POOL REQUIREMENT
More informationThe Polar Vortex and Future Power System Trends National Coal Council Annual Spring Meeting May 14, 2014
The Polar Vortex and Future Power System Trends National Coal Council -- 2014 Annual Spring Meeting May 14, 2014 Outline Introduction to ICF Overview of the Key Issues Price Volatility During Winter 2014
More informationSpecial Case Resources: Evaluation of the Performance and Contribution to Resource Adequacy
Special Case Resources: Evaluation of the Performance and Contribution to Resource Adequacy Report by the New York Independent System Operator to the Installed Capacity Subcommittee of the New York State
More informationCapacity Accreditation and External Resource Zones 06/30/2016
Capacity Accreditation and External Resource Zones 06/30/2016 Overview MISO requested guidance on areas that require additional discussion and resolution in the seasonal / locational proposal In the last
More informationCAPACITY MARKETS 5. Overview. RPM Capacity Market Market Design. Market Structure
2009 Quarterly State of the Market Report for PJM: January through September Section 5 - Capacity Markets Each organization serving PJM load must meet its capacity obligations by acquiring capacity resources
More informationPJM Manual 18: PJM Capacity Market. Revision: 287 Effective Date: January 22, Prepared by PJM Capacity Market Operations
Style Definition: PJM_Normal PJM Manual 18: PJM Capacity Market Revision: 287 Effective Date: January 22, 2015 Prepared by PJM Capacity Market Operations PJM 2015 PJM 2015 i PJM Manual 18: PJM Capacity
More informationPolicy Direction for Alberta s Capacity Market Framework
Policy Direction for Alberta s Capacity Market Framework August 15, 2017 Alberta Department of Energy Table of Contents Executive Summary... 1 1 Introduction... 2 2 Policy Direction for Alberta s Capacity
More informationIntegrating High Levels of Variable Renewable Energy Sources
Integrating High Levels of Variable Renewable Energy Sources Erik Ela EPRI Grid Ops and Planning eela@epri.com NYISO Environmental Advisory Council Troy, NY May 6, 2016 EPRI Grid Operations & Planning
More informationDesign Alternatives Sheet (DAS) 18 Physical Bilateral Procurement
Design Alternatives Sheet (DAS) 18 Physical Bilateral Procurement Introduction The subject matter discussed within this document forms part of the process for developing a Capacity Market design for Alberta.
More informationEvolution of the Grid in MISO Region. Jordan Bakke, David Duebner, Durgesh Manjure, Laura Rauch MIPSYCON November 7, 2017
Evolution of the Grid in MISO Region Jordan Bakke, David Duebner, Durgesh Manjure, Laura Rauch MIPSYCON November 7, 2017 1 MISO s mission is to ensure reliable delivery of low-cost energy through efficient,
More informationCapacity Market. Overview RPM Capacity Market. Market Design
Section 4 Capacity Capacity Market Each organization serving PJM load must meet its capacity obligations through the PJM Capacity Market, where load serving entities (LSEs) must pay the locational capacity
More informationPrice Formation Education 4: Shortage Pricing and Operating Reserve Demand Curve
Price Formation Education 4: Shortage Pricing and Operating Reserve Demand Curve Patricio Rocha Garrido Lisa Morelli Laura Walter Disclaimer This is not a committee meeting. This session is for educational
More informationNew York CES: Renewable Energy Standard Underlying Fundamentals
New York CES: Renewable Energy Standard Underlying Fundamentals Roman Kramarchuk EMA Roundtable Managing Director Global Power, Emissions & Clean Energy February 2, 2017 Why we re different WE TAKE THE
More informationPJM Generator Verification Test Correction Calculations Temperature Correction Calculations and Example: Combustion Turbines
PJM INTERCONNECTION, LLC PJM Generator Verification Test Correction Calculations Temperature Correction Calculations and Example: Combustion Turbines Jerry Bell 12/15/2017 Combustion Turbine Ambient Correction
More informationCalculation of Demand Curve Parameters
Calculation of Demand Curve Parameters Rationale 4.1 Resource adequacy standard 4.1.1 The resource adequacy standard announced by the Government of Alberta prescribes the minimum level of reliability to
More informationPJM Manual 21: Rules and Procedures for Determination of Generating Capability Revision: 12 Effective Date: January 1, 2017
PJM Manual 21: Rules and Procedures for Determination of Generating Capability Revision: 12 Effective Date: January 1, 2017 Prepared by System Planning Department PJM 2017 Table of Contents Table of Contents
More informationRPM 101 Overview of Reliability Pricing Model
RPM 101 Overview of Reliability Pricing Model PJM 2017 Agenda Introduction Resource Adequacy Demand in RPM Supply in RPM Auction Structure Auction Clearing Resource Clearing Prices CTRs & ICTRs/CTR & ICTR
More informationPJM Manual 18: PJM Capacity Market Revision: 38 Effective Date: July 27, Prepared by Capacity Market Operations
PJM Manual 18: PJM Capacity Market Revision: 38 Effective Date: July 27, 2017 Prepared by Capacity Market Operations PJM 2017 Table of Contents Table of Contents Table of Exhibits...9 Approval...10 Current
More informationMidwest ISO EIM Start-up and Exiting Issues Todd Ramey, Executive Director Market Administration. March 7-8, 2011
Midwest ISO EIM Start-up and Exiting Issues Todd Ramey, Executive Director Market Administration March 7-8, 2011 Agenda Greetings and Introductions Introduction of the Midwest ISO Overview of the Midwest
More informationMarket Settlements - Advanced
Market Settlements - Advanced RPM Module PJM State & Member Training Dept. PJM 2017 Capacity vs. Energy Capacity A commitment of a resource to provide energy during PJM emergency under the capped energy
More informationCapacity Market Cost Allocation initial discussion Depal Consulting Limited July 25, 2017
+ Capacity Market Cost Allocation initial discussion Depal Consulting Limited July 25, 2017 + Cost Recovery Discussion Agenda Key principles (cost recovery/ equity) Review of other markets Alternatives
More informationPJM. erpm Users Guide. May 20, Version PJM Interconnection
PJM erpm Users Guide May 20, 2010 Version 1.4 2010 PJM Interconnection erpm Users Guide Page i Disclaimer - The PJM erpm User Guide is intended to provide Market Participants and other interested parties
More informationRules and Procedures for Determination of Generating Capability
PJM Manual 21 Rules and Procedures for Determination of Generating Capability Revision: 11 Effective Date: March 5, 2014 Prepared by System Planning Department PJM 2014 PJM 2007 Revision 05, Effective
More informationDemand Curve Shape. Preliminary Modeling Results and Scoping Questions. Demand Curve Working Group P R E P A R E D F O R P R E P A R E D B Y
Demand Curve Shape Preliminary Modeling Results and Scoping Questions P R E P A R E D F O R Demand Curve Working Group P R E P A R E D B Y Kathleen Spees Judy Chang Johannes Pfeifenberger David Luke Oates
More informationDemand Response. Overview. Recommendations
Section 6 Demand Response Demand Response Markets require both a supply side and a demand side to function effectively. The demand side of wholesale electricity markets is underdeveloped. Wholesale power
More informationEnsuring Resource Availability meets Need (RAN) in MISO. MRO Spring Reliability Conference May 23, 2018 Kevin Vannoy, Director Market Design
Ensuring Resource Availability meets Need (RAN) in MISO MRO Spring Reliability Conference May 23, 2018 Kevin Vannoy, Director Market Design Purpose & Key Takeaways Purpose: Discuss MISO s Resource Availability
More information2012 PJM Reserve Requirement Study
2012 PJM Reserve Requirement Study 11-year Planning Horizon: June 1 st 2012 - May 31 st 2023 Analysis Performed by PJM Staff October 5, 2012 Reviewed by Resource Adequacy Analysis Subcommittee (RAAS) DOCS
More informationCalculation of Demand Curve Parameters
Calculation of Demand Curve Parameters Rationale 4.1 Resource adequacy standard 4.1.1 The resource adequacy standard announced by the Government of Alberta prescribes a minimum level of reliability as
More informationThe Year to Date in PJM: Operations and Markets
The Year to Date in PJM: Operations and Markets Kerry Stroup Manager, State Government Policy PJM Interconnection OMA Energy Committee July 30, 2014 OMA Energy Committee Presentation Outline PJM s mission:
More informationDemand Response in Wholesale Electricity Markets
Alberta Electric System Operator (AESO) Demand Response Opportunities Alberta Electric System Operator Reliability based Price based name Supplemental Reserves Frequency Responsive Load Shed Service active
More informationBeacon Power, LLC PJM RMISTF Package Proposal. December 5, 2016
Beacon Power, LLC PJM RMISTF Package Proposal December 5, 2016 Beacon Power, LLC www.beaconpower.com Main Points PJM s Regulation Market Design was developed in response to FERC Order 755 Fair compensation
More informationProposed ICAP Manual Revisions Regarding Deliverability Requirements for Capacity Imports from PJM
Proposed ICAP Manual Revisions Regarding Deliverability Requirements for Capacity Imports from PJM Zachary T. Smith Manager, Capacity Market Design Business Issues Committee January 17, 2018, Rensselaer,
More informationHydro Coalition Briefing Paper in Response to the PJM Capacity Performance Proposal
Hydro Coalition Briefing Paper in Response to the PJM Capacity Performance Proposal Coalition Members: Brookfield Energy Marketing, L.P., American Municipal Power, Inc., Olympus Power, LLC, American Electric
More informationGas-Electric Coordination in PJM: Trends, Issues, Interactions, and Looking Ahead
Gas-Electric Coordination in PJM: Trends, Issues, Interactions, and Looking Ahead Harvard Electricity Policy Group 68 th Plenary Session Paul M. Sotkiewicz, Ph.D. Chief Economist PJM Interconnection October
More informationLocational Export Capacity Proposal
Locational Export Capacity Proposal Joshua A. Boles ICAP Market Operations New York Independent System Operator jboles@nyiso.com 518-356-6293 Business Issues Committee October 20, 2016 NYISO 2000-2016
More informationElectricity Supply. Monthly Energy Grid Output by Fuel Type (MWh)
For the first quarter of 2015, Ontario experienced overall demand that was typical for the province in winter, and strong generator output. Demand for Ontario electricity increased as a result of cold
More informationERCOT Changes and Challenges
ERCOT Changes and Challenges Cheryl Mele Senior Vice President & COO September 17, 2018 RMEL Fall Executive Convention What is ERCOT? In 1999 The Texas Legislature restructured the Texas electric market
More informationMarket Design for a Clean Grid
Market Design for a Clean Grid Unlocking the Potential of Non-Emitting and Emerging Technologies P R E S E N T E D T O Non-Emitting Resource Subcommittee P R E S E N T E D B Y Kathleen Spees Matthew Witkin
More informationAdvancing Renewable Alternatives
Advancing Renewable Alternatives FERC/RTO Training Session Institute for Policy Integrity New York University School of Law June 15, 2011 Abigail Krich President, Boreas Renewables About Boreas Renewables
More information2013 PJM Reserve Requirement Study
2013 PJM Reserve Requirement Study 11-year Planning Horizon: June 1 st 2013 - May 31 st 2024 Analysis Performed by PJM Staff October 3, 2013 Reviewed by Resource Adequacy Analysis Subcommittee (RAAS) DOCS
More informationEIPC Interconnection-wide Webinar and Stakeholder Discussion. November 17, 2015
EIPC Interconnection-wide Webinar and Stakeholder Discussion November 17, 2015 Webinar Outline Presentation on 2025 Summer Peak (2025S) and 2025 Winter Peak (2025W) Roll-up Case Development Report to be
More informationAESO Stakeholder Update on Mothball Outages. July 25, 2016
AESO Stakeholder Update on Mothball Outages July 25, 2016 Agenda 1. Background Issues Rationale 2. Mothball Rule Definition of Mothball Outage Overview of Section 306.7 3. Mothball Outages in the Market
More informationPrice Formation. PJM Market Participants February 14, Joe Bowring Catherine Tyler
Price Formation PJM Market Participants February 14, 2019 Joe Bowring Catherine Tyler ISSUES WITH PJM ORDC 2019 www.monitoringanalytics.com 2 PJM ORDC Shape PJM s ORDCs persistently raise prices and procure
More informationNortheast Power Coordinating Council Reliability Assessment For Summer 2016
Northeast Power Coordinating Council Reliability Assessment For Summer 2016 FINAL REPORT April 28, 2016 Conducted by the NPCC CO 12 & CP 8 Working Groups TABLE OF CONTENTS 1. EXECUTIVE SUMMARY... 1 SUMMARY
More informationPJM. erpm Users Guide. December 4, Version PJM Interconnection
PJM erpm Users Guide December 4, 2008 Version 0.7 2008 PJM Interconnection erpm Users Guide Page i Disclaimer - The PJM erpm User Guide is intended to provide Market Participants and other interested parties
More informationATTACHMENT DD. Reliability Pricing Model
OF NEW SERVICE REQUESTS; R - OATT ATTACHMENT DD ATTACHMENT DD Reliability Pricing Model References to section numbers in this Attachment DD refer to sections of this Attachment DD, unless otherwise specified.
More informationConcepts for Changes to ACL for SCRs
Concepts for Changes to ACL for SCRs Donna Pratt Manager, Demand Response Products New York Independent System Operator Joint Price Responsive Load and Installed Capacity Working Groups February 14, 2013
More informationApril 27, Ms. Mary Jo Kunkle Executive Secretary Michigan Public Service Commission 6546 Mercantile Way P.O. Box Lansing, MI 48909
Matthew R. Dorsett Corporate Counsel Direct Dial: 317-249-5299 E-mail: mdorsett@misoenergy.org April 27, 2011 Ms. Mary Jo Kunkle Executive Secretary Michigan Public Service Commission 6546 Mercantile Way
More information2011/2012 RPM Base Residual Auction Results
Executive Summary The 2011/12 Reliability Pricing Model (RPM) Base Residual Auction (BRA) cleared 132,221.5 MW of unforced capacity in the RTO at a uniform Resource Clearing Price of $110.00/MW-day. This
More informationPJM Generator Verification Test Correction Calculations Temperature and Relative Humidity Correction Calculations and Example: Combustion Turbines
PJM INTERCONNECTION, LLC PJM Generator Verification Test Correction Calculations Temperature and Relative Humidity Correction Calculations and Example: Combustion Turbines Jerry Bell 12/26/2018 Combustion
More informationReliability Pricing Model (RPM) Overview. April 11, 2005
Reliability Pricing Model (RPM) Overview April 11, 2005 Drivers for Capacity Market Reform Generation Net Revenue Shortfall Inconsistency between capacity pricing and reliability requirements Result has
More informationPJM Manual 18B: Energy Efficiency Measurement & Verification Revision: 03 Effective Date: November 17, Prepared by PJM Forward Market Operations
PJM Manual 18B: Energy Efficiency Measurement & Verification Revision: 03 Effective Date: November 17, 2016 Prepared by PJM Forward Market Operations PJM 2016 Table of Contents Table of Contents Approval...5
More informationPJM Manual 18: PJM Capacity Market
PJM Manual 18: PJM Capacity Market Revision: 23 Effective Date: June 1, 2014 Prepared by PJM Capacity Market Operations PJM 2014 PJM 2014 i PJM Manual 18: PJM Capacity Market Manual 18: PJM Capacity Market
More informationModeling Transmission Outages in the CRR Network Model
Modeling Transmission Outages in the CRR Network Model Lorenzo Kristov Market & Product Development Dept. CRR Stakeholder Meeting June 14, 2007 Outline of Today s Discussion CRR Revenue Adequacy Timing
More informationMarkets Report. Jennifer Warner-Freeman Senior Economist, Market Analysis January 22, PJM 2018
Markets Report Jennifer Warner-Freeman Senior Economist, Market Analysis January 22, 2018 www.pjm.com Executive Summary PJM Wholesale Cost for 2017 was $49.64/MWh, up from full-year 2016 costs of $47.49/MWh.
More informationPlanning Committee Recommendations for Summer Capability Verification Tests
Planning Committee Recommendations for Summer Capability Verification Tests Markets and Reliability Committee February 27, 2014 PC Recommendations Manual 21: Rules and Procedures for Determination of Generating
More informationCAISO Generator Deliverability Assessment Methodology. On-Peak Deliverability Assessment Methodology (for Resource Adequacy Purposes)
Background On-Peak Deliverability Assessment Methodology (for Resource Adequacy Purposes) The CAISO s deliverability study methodology for resource adequacy purposes was discussed extensively in the CPUC
More informationPJM Manual 18: PJM Capacity Market. Revision: 14 Effective Date: February 23, Prepared by PJM Capacity Market Operations PJM 2012
PJM Manual 18: PJM Capacity Market Revision: 14 Effective Date: February 23, 2012 Prepared by PJM Capacity Market Operations PJM 2012 PJM 2012 i Table of Contents PJM Manual 18: PJM Capacity Market Table
More informationBEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA Order Instituting Rulemaking to Oversee the Resource Adequacy Program, Consider Program Refinements, and Establish Annual Local and Flexible
More information