2015 ISO/RTO Metrics Report. Summary. November 2015

Size: px
Start display at page:

Download "2015 ISO/RTO Metrics Report. Summary. November 2015"

Transcription

1 2015 ISO/RTO Metrics Report Summary November 2015

2 ISO/RTO Metrics Report Background Independent system operators (ISOs) and regional transmission organizations (RTOs) that are regulated by the Federal Energy Regulatory Commission (FERC) prepare the ISO/RTO Metrics Report. At FERC s direction, the report provides information on various data points common to each of the system operators. Further history: The ISO/RTO Metrics Report originated in 2008 with a review by the U.S Government Accountability Office (GAO) at the request of the U.S. Senate Committee on Homeland Security and Governmental Affairs. The GAO recommended that the FERC work with ISOs/RTOs and others to standardize measures that track the performance of ISO/RTO operations and markets, and to report the performance results to Congress and the public. The ISOs and RTOs submitted the report in response to the FERC's "Request for Information on Common Performance Metrics for RTOs and ISOs and Utilities Outside RTO and ISO Regions (August 17, 2015). This Report includes the 30 Common Metrics and "Other Metrics Specific to ISO and RTO Performance" identified in the Commission Staff "Common Metrics Report issued on August 26, The ISO/RTO Metrics Report presents RTO information serially, not comparatively. NESCOE prepared these with RTO data to provide a comparative look at some of the issues. 2

3 ISO/RTO Overview 3

4 ISO/RTO Background Information ISO/RTO Installed Generation (MW) Miles of Transmission Lines Population (millions) CAISO 57,124 26, ISO-NE 31,000 8, MISO 180,006 65, NYISO 39,039 11, PJM 183,604 62, SPP 58,982 50,

5 Metric Interpretation - Comparability Information must be assessed in the proper context a number of factors influence the data and could result in variations among the ISOs/RTOs: Geographic diversity of the control area Different reliability planning standards Tariff requirements, e.g., interconnection studies Regional resource mixes natural resource availability, and associated political, economic, and environmental factors Prevailing weather patterns, demographic trends, and economic conditions 5

6 Fuel Diversity Capacity 2014 Summer Capacity Energy 2014 Generation Output 100% 100% 90% 90% 80% 80% 70% 70% 60% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% COAL OIL 0% COAL OIL NATURAL GAS NUCLEAR NATURAL GAS NUCLEAR HYDRO & RENEWABLES OTHER HYDRO & RENEWABLES OTHER Figures shown represent generation withinthe RTO systems. The fuel diversity implications of RTOs imports and exports are not reflected in this graphic. An example of this in the ISO-NE region is hydropower imports from Canada. 6

7 Renewable and Hydro Resources Renewable and Hydro Resources As a Percent of Total Capacity, Renewable and Hydro Resources As a Percent of Total Energy, % 35% 30% CAISO 30% CAISO 25% 25% 20% NYISO 20% 15% NYISO 15% 10% ISO-NE 10% ISO-NE 5% 5% 0% ISO-NE has relatively low renewable and hydro capacity, but receives a growing portion of its energy from these resources. 7

8 Generator Performance Annual Generator Availability (1-eFORd), % 97% 95% 93% 91% 89% 87% 85% In New England, generator performance has improved over the last few years, possibly due to market reforms and out-of-market fuel assurance programs. 8

9 Market Pricing Energy Average Annual Wholesale Energy Prices, $65 $60 $55 $50 ISO-NE NYISO PJM $45 CAISO $40 $35 $30 MISO SPP $25 $20 While energy prices have risen nationally over the past few years, New England has some of the highest energy prices of the ISO/RTOs. Various factors may influence regional price differentials (as discussed on slide 5). 9

10 Market Pricing Components $ Wholesale Power Cost Breakdown, ($/MWh) RTO Cost & Regulatory Fees Operating Reserves Ancillary Services Transmission Capacity Energy $90.00 $80.00 $70.00 $60.00 $50.00 $40.00 $30.00 $20.00 $10.00 $0.00 ISO-NE CAISO* MISO NYISO PJM SPP *(Does Not Include Tx) In addition to high energy prices, ISO-NE appears to have some of the higher transmission rates. 10

11 Market Competitiveness New Entrant Gas-Fired Combined-Cycle (CC) and Combustion Turbine (CT) Net Generation Revenues (Gross Margin) $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $- CC CT CC CT CC CT CC CT CC CT CC CT Over the past five years, NYISO and PJM provided the most generation revenue (gross margin) for proxy gas-fired resources. 11

12 Generator Interconnection - Time 2500 Average Generation Interconnection Request Processing Time, (Calendar Days) NYISO 1000 MISO ISO-NE 500 PJM 0 ISO-NE has neither the longest nor shortest average time for completing the generator interconnection process. SPP CAISO 12

13 Generator Interconnection -Studies Average Age of Incomplete Studies, (Calendar Days) Average Time to Complete Studies, (Calendar Days) The time associated with interconnection studies varies widely from year to year. 13

14 Transmission for Reliability Number of Transmission Projects Approved for Construction for Reliability Purposes, ISO/RTOs continue to develop transmission to address reliability issues. 14

15 ISO New England in Detail Operating Reserves (NCPC) 1% Reserve Markets 2% FTR Auction Results 0% Transmission Tariff 15% Regulation Market 0% ISO-NE Administrative Expenses 1% Wholesale Charge 2014 Dollars Billed % of 2014 Dollars Billed Energy Markets $9,079,097, % Capacity $1,055,946, % Capacity 9% Transmission Tariff $1,819,430, % Reserve Markets $207,495, % Energy Markets 72% Operating Reserves (NCPC) $167,265, % FTR Auction Results $31,616, % Regulation Market $28,796, % ISO-NE Administrative Expenses $171,241, % Total $12,560,891, % 15

Officer Certification Form Discussion

Officer Certification Form Discussion Officer Certification Form Discussion Sheri Prevratil Manager, Corporate Credit New York Independent System Operator Credit Policy Working Group January 22, 2016 2000-2016 New York Independent System Operator,

More information

FERC Docket EL Fast-Start Resources

FERC Docket EL Fast-Start Resources FERC Docket EL18-34-000 Fast-Start Resources Anthony Giacomoni December 18, 2018 PJM 2017 Session Objectives Review motivation for the FERC Order regarding faststart resources Review PJM s current special-pricing

More information

Coordinated Procurement Transmission in the Northeast

Coordinated Procurement Transmission in the Northeast Coordinated Procurement Transmission in the Northeast February 26, 2016 New England States Committee on Electricity NESCOE is New England s Regional State Committee, governed by a Board of Managers appointed

More information

New England States Committee on Electricity

New England States Committee on Electricity Renewable and Clean Mechanisms 2.0 Study Phase I: Scenario Analysis Winter 2017 New England States Committee on Electricity Overview Context Analytical Approach and Modeling Assumptions Scenario Analysis

More information

Notice of Attachment H Transmission Owners Stakeholder Process for Order No Interregional Cost Allocation Proposals (June 10, 2013)

Notice of Attachment H Transmission Owners Stakeholder Process for Order No Interregional Cost Allocation Proposals (June 10, 2013) Notice of Attachment H Transmission Owners Stakeholder Process for Order No. 1000 Interregional Cost Allocation Proposals (June 10, 2013) Described on the following pages are the proposals of the Attachment

More information

INDEPENDENT SYSTEM OPERATORS (VI + Access Rules vs. ISO vs. ITSO)

INDEPENDENT SYSTEM OPERATORS (VI + Access Rules vs. ISO vs. ITSO) INDEPENDENT SYSTEM OPERATORS (VI + Access Rules vs. ISO vs. ITSO) Paul L. Joskow September 28, 2007 ALTERNATIVE SYSTEM OPERATOR MODELS System operator (SO) is vertically integrated utility (G+T) Functional

More information

Markets Report. Paul M. Sotkiewicz, Ph.D Chief Economist, Markets MC Webinar January 20, 2015 PJM 2015

Markets Report. Paul M. Sotkiewicz, Ph.D Chief Economist, Markets MC Webinar January 20, 2015 PJM 2015 Markets Report Paul M. Sotkiewicz, Ph.D Chief Economist, Markets MC Webinar January 20, 2015 Executive Summary PJM Wholesale Cost for calendar year 2014 was $70.40/MWh, and increase of 47% and 33% over

More information

Draft Whitepaper to Platte River Board of Directors

Draft Whitepaper to Platte River Board of Directors Draft Whitepaper to Platte River Board of Directors Report on Organized Power Markets RTOs and ISOs Presented for the October 2016 Board Meeting Overview This report on the potential formation of a regional

More information

Monitoring Analytics. Introduction. Operating Parameters. Generation Costs

Monitoring Analytics. Introduction. Operating Parameters. Generation Costs Introduction Pursuant to Attachment DD, Section 5.10(a)(v)(A, B and C) of the PJM Tariff, PJM provides the net energy and ancillary services revenue offset data for the PJM Region and each LDA or Region

More information

The Virtues of A Virtual RTO

The Virtues of A Virtual RTO The Virtues of A Virtual RTO Jim Mayhew Mirant September 26, 2003 Harvard Electricity Policy Group 1 A Virtual RTO? An Organization That is a RTO in All but Name? Minimum Attributes? Regional Security

More information

Comparison of Installed Capacity (ICAP) & Unforced Capacity (UCAP) Capacity Value Calculation Methods. Eligibility WG Meeting #3 July 4, 2017

Comparison of Installed Capacity (ICAP) & Unforced Capacity (UCAP) Capacity Value Calculation Methods. Eligibility WG Meeting #3 July 4, 2017 Comparison of Installed Capacity (ICAP) & Unforced Capacity (UCAP) Capacity Value Calculation Methods Eligibility WG Meeting #3 July 4, 2017 Overview The following materials provide an examination of the

More information

Gas-Electric Coordination in PJM: Trends, Issues, Interactions, and Looking Ahead

Gas-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 information

2017/2018 RPM Base Residual Auction Planning Period Parameters

2017/2018 RPM Base Residual Auction Planning Period Parameters Introduction The RPM Base Residual Auction (BRA) for the 2017/2018 Delivery Year is scheduled to be conducted in May of 2014. This document describes the 2017/2018 BRA planning period parameters and also

More information

Policy Direction for Alberta s Capacity Market Framework

Policy 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 information

Future Electricity Markets. Dr. Daniel Matuszak Clean Coal and Carbon Management Office of Fossil Energy U.S. Department of Energy May 24, 2016

Future Electricity Markets. Dr. Daniel Matuszak Clean Coal and Carbon Management Office of Fossil Energy U.S. Department of Energy May 24, 2016 Future Electricity Markets Dr. Daniel Matuszak Clean Coal and Carbon Management Office of Fossil Energy U.S. Department of Energy May 24, 2016 FERC s national policy 1. Foster competition in wholesale

More information

Capacity Resource Performance in NYISO Markets

Capacity 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 information

Revenues from Ancillary Services and the Value of Operational Flexibility

Revenues from Ancillary Services and the Value of Operational Flexibility Revenues from Ancillary Services and the Value of Operational Flexibility October 31, 2002 LCG Consulting The Issue Research Highlights In a restructured electricity industry, markets govern the operation

More information

Mountain West Transmission Group Frequently Asked Questions Updated through September of 2017

Mountain West Transmission Group Frequently Asked Questions Updated through September of 2017 Mountain West Transmission Group Frequently Asked Questions Updated through September of 2017 This FAQ document was first provided in 2016 and has periodically been updated since that time. The document

More information

The 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 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 information

Maximizing the Market Value of Flexible Hydro Generation

Maximizing the Market Value of Flexible Hydro Generation Maximizing the Market Value of Flexible Hydro Generation PREPARED BY Pablo Ruiz Jamie Read Johannes Pfeifenberger Judy Chang Roger Lueken March 29, 2018 Copyright 2018 The Brattle Group, Inc. Content Growing

More information

The Value of Independent Regional Grid Operators. a report by the ISO/RTO Council

The Value of Independent Regional Grid Operators. a report by the ISO/RTO Council The Value of Independent Regional Grid Operators a report by the ISO/RTO Council November 2005 sm ISO/RTO COUNCIL Promoting communication, providing mutual assistance, developing effective processes and

More information

Policy and Regulatory Approaches to Grid Integration of Renewable Energy in the US

Policy and Regulatory Approaches to Grid Integration of Renewable Energy in the US Policy and Regulatory Approaches to Grid Integration of Renewable Energy in the US Amy Rose, Ph.D. Energy Analyst National Renewable Energy Laboratory US RE policies & regulations are set at multiple levels

More information

2016 Summer Reliability Assessment

2016 Summer Reliability Assessment Table of Contents Preface... 3 Overview... 5 FRCC... 6 MISO... 7 MRO-Manitoba Hydro... 8 MRO-SaskPower... 9 NPCC-Martimes... 10 NPCC-New England... 11 NPCC-Ontario... 13 NPCC- Québec... 14 PJM... 15 SERC...

More information

2020/2021 RPM Base Residual Auction Planning Period Parameters

2020/2021 RPM Base Residual Auction Planning Period Parameters Introduction The planning parameters for the 2020/2021 RPM Base Residual Auction (BRA) that is to be conducted in May of 2017 were posted on the PJM RPM website on February 1, 2017. This document describes

More information

The Role of the ISO/RTO in Today s. Robert B. Burke Principal Analyst ISO New England Inc.

The Role of the ISO/RTO in Today s. Robert B. Burke Principal Analyst ISO New England Inc. The Role of the ISO/RTO in Today s Electric Grid Robert B. Burke Principal Analyst ISO New England Inc. Purpose Describe the role of the ISO in today s grid. Where are the ISO/RTOs Deregulation Description

More information

Electricity Markets. Rapid Conference May 17, Mike Rencheck Rencheck Consulting LLC

Electricity Markets. Rapid Conference May 17, Mike Rencheck Rencheck Consulting LLC Electricity Markets Rapid Conference May 17, 2016 Mike Rencheck Rencheck Consulting LLC Topics Market Formation - Basics 2016 / 2017 Forecasts Natural Gas, Renewable Portfolio Standards, and Climate Change

More information

Generation Capacity Mechanisms and Resource Adequacy Planning

Generation Capacity Mechanisms and Resource Adequacy Planning Generation Capacity Mechanisms and Resource Adequacy Planning Jennifer Heintz Public Service Commission of the State of Missouri February 7, 2013 Abu Dhabi, UAE Electricity Markets in the U.S. and Canada

More information

Winter Reliability Assessment

Winter Reliability Assessment 216 217 Winter Reliability Assessment Table of Contents Preface 3 Key Findings 5 FRCC 9 MISO 1 MRO-Manitoba Hydro 11 MRO-SaskPower 12 NPCC-Maritimes 13 NPCC-New England 14 NPCC-Ontario 16 NPCC-Québec 17

More information

Eastern Wind Integration and Transmission Study

Eastern Wind Integration and Transmission Study Eastern Wind Integration and Transmission Study NPCC Governmental/Regulatory Affairs Advisory Group February 23rd, 2010 Dave Corbus National Renewable Energy Lab 1 What is Needed to Integrate 20% Wind

More information

SPP at a Glance. Located in Little Rock. Approximately 600 employees

SPP at a Glance. Located in Little Rock. Approximately 600 employees SPP at a Glance Located in Little Rock Approximately 600 employees Primary jobs electrical engineering, operations, settlements, and IT 24 x 7 operation Full redundancy and backup site 2 Regulatory Environment

More information

Congestion and Marginal Losses

Congestion and Marginal Losses Section 10 Congestion and Marginal Losses Congestion and Marginal Losses The Locational Marginal Price (LMP) is the incremental price of energy at a bus. The LMP at any bus is made up of three components:

More information

Demand Response. US experiences, German challenges and market barriers

Demand Response. US experiences, German challenges and market barriers Demand Response US experiences, German challenges and market barriers Andreas Jahn Senior Associate Berlin, 2014 The Regulatory Assistance Project Rosenstrasse 2 D-10178 Berlin Germany Phone: +49 30 2844

More information

NRG Business. Mauricio Gutierrez COO and President NRG Business

NRG Business. Mauricio Gutierrez COO and President NRG Business NRG Business Mauricio Gutierrez COO and President NRG Business NRG Wholesale to Business Organized to Survive Today, Win Tomorrow & Grow the Future Wholesale Unmatched portfolio positioned to survive retirement

More information

NCSL Transmission Policy Institute Denver, CO

NCSL Transmission Policy Institute Denver, CO Wind Energy: Where Are We At NCSL Transmission Policy Institute Denver, CO June 17-18, 2010 J. Charles Smith Executive Director UWIG What is UWIG? Non-profit corporation established by 6 utilities in 1989

More information

PEAK DEMAND REDUCTION STRATEGY

PEAK DEMAND REDUCTION STRATEGY ADVANCED ANERGY DVANCED E ECONOMY NERGY E ECONOMY the business voice of advanced energy PEAK DEMAND REDUCTION STRATEGY Prepared by Navigant Consulting Brett Feldman, Senior Research Analyst Matthew Tanner,

More information

Critical Actions Necessary for Effective Market Monitoring

Critical Actions Necessary for Effective Market Monitoring Critical Actions Necessary for Effective Market Monitoring Draft Comments of Anjali Sheffrin, Ph.D. Dept of Market Analysis, California ISO FERC RTO Workshop, October, 200 Mr. Chairman and Commissioners,

More information

Summary of 2016 MISO State of the Market Report

Summary of 2016 MISO State of the Market Report Summary of 2016 MISO State of the Market Report Presented to: MISO Board Markets Committee David B. Patton, Ph.D. MISO Independent Market Monitor July 20, 2017 Introduction As the Independent Market Monitor

More information

FERC NOPR on Fast Start Pricing. Market Subcommittee January 12, 2017

FERC NOPR on Fast Start Pricing. Market Subcommittee January 12, 2017 FERC NOPR on Fast Start Pricing Market Subcommittee January 12, 2017 Overview Purpose Summarize FERC NOPR on Fast Start Pricing * Compare the proposed rules with ELMP Key Takeaways Five rules are proposed:

More information

Capacity Markets in the Northeast:

Capacity Markets in the Northeast: Capacity Markets in the Northeast: A Preview of Comments at the FERC Technical Conference on Centralized Capacity Markets in RTOs/ISOs Sue Tierney, Analysis Group IPPNY Fall Conference Saratoga Springs,

More information

PJM Manual 29: Billing. Revision: 23 Effective Date: January 1, Prepared by Strategic Market Services Department

PJM Manual 29: Billing. Revision: 23 Effective Date: January 1, Prepared by Strategic Market Services Department PJM Manual 29: Billing Revision: 23 Effective Date: January 1, 2012 Prepared by Strategic Market Services Department PJM 2012 Table of Contents PJM Manual 29: Billing Table of Contents Table of Contents...

More information

Introduction to the PJM Markets

Introduction to the PJM Markets Introduction to the PJM Markets PJM 2015 1 Objectives Students will be able to: Describe some of the basic functions of PJM PJM 2015 The History of PJM EKPC joins PJM 2013 PJM 2015 3 Our Responsibility

More information

Energy Markets - The Basics

Energy Markets - The Basics Disclaimer This training presentation is provided as a reference for preparing for the PJM Certification Exam. Note that the following information may not reflect current PJM rules and operating procedures.

More information

New England Electricity Outlook

New England Electricity Outlook O C T O B E R 2 1, 2 0 1 6 S O U T H P O R T L A N D, M E New England Electricity Outlook Environmental and Energy Technology Council of Maine (E2Tech) Eric Johnson D I R E C T O R, E X T E R N A L A F

More information

2013/2014 RPM Base Residual Auction Results

2013/2014 RPM Base Residual Auction Results Executive Summary The 2013/2014 Reliability Pricing Model (RPM) Base Residual Auction (BRA) cleared 152,743.3 MW of unforced capacity in the RTO at a Resource Clearing Price of $27.73/MW-day. This MW and

More information

External Proxy Bus for Northport/Norwalk Cable

External Proxy Bus for Northport/Norwalk Cable Market Structure Working Group June 2003 External Proxy Bus for Northport/Norwalk Cable Navigant Consulting, Inc. www.lipower.org Context The issue of when it is appropriate to have multiple external nodes

More information

Review Transmission Access Charge Structure. Issue Paper

Review Transmission Access Charge Structure. Issue Paper Review Transmission Access Charge Structure Issue Paper June 30, 2017 Market & Infrastructure Policy Table of Contents 1. Introduction and Scope of Initiative... 3 2. Initiative Schedule... 5 3. Background...

More information

Capacity Revenues for Existing, Base Load Generation in the PJM Interconnection

Capacity Revenues for Existing, Base Load Generation in the PJM Interconnection Capacity Revenues for Existing, Base Load Generation in the PJM Interconnection A Pennsylvania Case Study Prepared by: Paul Peterson, David White, and Bruce Biewald 22 Pearl Street, Cambridge, MA 02139

More information

2018/2019 RPM Base Residual Auction Planning Period Parameters

2018/2019 RPM Base Residual Auction Planning Period Parameters Introduction The planning parameters for the 2018/2019 RPM Base Residual Auction (BRA) that is to be conducted in May of 2015 were posted on the PJM RPM website on January 30, 2015. Two versions of the

More information

Recognizing the Value of Existing Hydropower June 25, 2009

Recognizing the Value of Existing Hydropower June 25, 2009 Recognizing the Value of Existing Hydropower June 25, 2009 Table of Contents Brookfield Asset Management Overview Brookfield Renewable Power Overview Hydropower is an Important Contributor to Renewable

More information

PJM Manual 29: Billing Revision: 28 Effective Date: April 1, Prepared by Market Settlements Department

PJM Manual 29: Billing Revision: 28 Effective Date: April 1, Prepared by Market Settlements Department PJM Manual 29: Billing Revision: 28 Effective Date: April 1, 2018 Prepared by Market Settlements Department PJM 2018 Table of Contents Table of Contents Approval...3 Current Revision...4 Introduction...

More information

Uniform Price vs. Differentiated Payment Auctions

Uniform Price vs. Differentiated Payment Auctions Uniform Price vs. Differentiated Payment Auctions A Discussion of Advantages and Disadvantages PREPARED FOR Independent Electricity System Operator ICA Fundamentals and Concepts Stakeholder Meeting PREPARED

More information

UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION ) ) ) COMMENTS OF NATIONAL GRID

UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION ) ) ) COMMENTS OF NATIONAL GRID UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION Grid Reliability and Resilience Pricing ) ) ) Docket No. RM18-1-000 COMMENTS OF NATIONAL GRID National Grid respectfully submits

More information

PJM 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 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 information

Update on FERC, NERC, DOE & Congress John P. Hughes President & CEO Electricity Consumers Resource Council Washington DC

Update on FERC, NERC, DOE & Congress John P. Hughes President & CEO Electricity Consumers Resource Council Washington DC Council of Industrial Boiler Owners Technical Focus Group, Energy & Environmental Committee Meetings September 12-13, 2017 Arlington, Virginia Update on FERC, NERC, DOE & Congress John P. Hughes President

More information

Results and Assumptions For Single Economic Dispatch Production Cost Study PROMOD Component

Results and Assumptions For Single Economic Dispatch Production Cost Study PROMOD Component Results and Assumptions For Single Economic Dispatch Production Cost Study PROMOD Component Last Revised: May 25, 26 Disclaimer: "MIDWEST ISO MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS

More information

Capacity Market. Overview RPM Capacity Market. Market Design

Capacity 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 information

Getting to 50 GW? The Role of FERC Order 841, RTOs, States, and Utilities in Unlocking Storage s Potential

Getting to 50 GW? The Role of FERC Order 841, RTOs, States, and Utilities in Unlocking Storage s Potential Getting to 50 GW? The Role of FERC Order 841, RTOs, States, and Utilities in Unlocking Storage s Potential PRESENTED AT: Energy Storage Association Annual Conference Boston PREPARED BY Judy Chang Roger

More information

Analysis of the 2017/2018 RPM Base Residual Auction

Analysis of the 2017/2018 RPM Base Residual Auction Analysis of the 2017/2018 RPM Base Residual Auction The Independent Market Monitor for PJM October 6, 2014 Monitoring Analytics 2014 www.monitoringanalytics.com Introduction This report, prepared by the

More information

PJM Manual 27: Open Access Transmission Tariff Accounting Revision: 88 Effective Date: November 16, 2017

PJM Manual 27: Open Access Transmission Tariff Accounting Revision: 88 Effective Date: November 16, 2017 PJM Manual 27: Open Access Transmission Tariff Accounting Revision: 88 Effective Date: November 16, 2017 Prepared by Market Settlements Development Department PJM 2017 Table of Contents Table of Contents

More information

Electricity Supply. Monthly Energy Grid Output by Fuel Type (MWh)

Electricity 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 information

A Forward Clean Energy Market for New England?

A Forward Clean Energy Market for New England? Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight line. Timothy J. Brennan Integrating Markets and

More information

IMM Quarterly Report: Fall 2017

IMM Quarterly Report: Fall 2017 IMM Quarterly Report: Fall 2017 MISO Independent Market Monitor David Patton, Ph.D. Potomac Economics December 5, 2017 Highlights and Findings: Fall 2017 The MISO markets performed competitively this fall,

More information

2014 State of the Market

2014 State of the Market 2014 State of the Market 24 August 2015 SPP Market Monitoring Unit Disclaimer The data and analysis in this report are provided for informational purposes only and shall not be considered or relied upon

More information

TODAY S ORGANIZED MARKETS A STEP TOWARD COMPETITION OR AN EXERCISE IN RE-REGULATION?

TODAY S ORGANIZED MARKETS A STEP TOWARD COMPETITION OR AN EXERCISE IN RE-REGULATION? TODAY S ORGANIZED MARKETS A STEP TOWARD COMPETITION OR AN EXERCISE IN RE-REGULATION? What is ELCON? The Electricity Consumers Resource Council (ELCON) is the national association representing large industrial

More information

Congestion and Marginal Losses

Congestion and Marginal Losses Section 10 Congestion and Marginal Losses Congestion and Marginal Losses The Locational Marginal Price (LMP) is the incremental price of energy at a bus. The LMP at a bus is made up of three components:

More information

Understanding the Scale of the Problem: US Energy Sources and CO2 Emissions

Understanding the Scale of the Problem: US Energy Sources and CO2 Emissions Understanding the Scale of the Problem: US Energy Sources and CO2 Emissions Pete Wilcoxen Departments of Economics and Public Administration The Maxwell School, Syracuse University BUA/ECS 650/EST 696

More information

ICAP Reform Proposals In New England and PJM

ICAP Reform Proposals In New England and PJM ICAP Reform Proposals In New England and PJM John D. Chandley LECG Cambridge, MA Revised: October 6, 2005 Table of Contents Page Introduction...1 Common Issues Driving ICAP Reform Efforts in New England

More information

Introduction to Efficient Pricing

Introduction to Efficient Pricing Introduction to Efficient Pricing Presented to: Edison Electric Institute s Advanced Rates Course University of Wisconsin, Madison Presented by: Philip Q Hanser Copyright 2012 The Brattle Group, Inc. July

More information

Electricity Transmission Congestion Costs: A Review of Recent Reports

Electricity Transmission Congestion Costs: A Review of Recent Reports LBNL-54049 Electricity Transmission Congestion Costs: A Review of Recent Reports Prepared by Bernard C. Lesieutre and Joseph H. Eto Energy Analysis Department Environmental Energy Technologies Division

More information

Eastern Wind Integration and

Eastern Wind Integration and Eastern Wind Integration and Transmission Study Overview NCSL Transmission Policy Institute Denver, CO June 17-18, 2010 Dave Corbus National Renewable Energy Laboratory NREL is a national laboratory of

More information

Congestion Assessment and Resource Integration Studies. A Report by the New York Independent System Operator

Congestion Assessment and Resource Integration Studies. A Report by the New York Independent System Operator Congestion Assessment and Resource Integration Studies A Report by the New York Independent System Operator April 2018 2017 Congestion Assessment and Resource Integration Study Comprehensive System Planning

More information

DATA ASSUMPTIONS AND DESCRIPTION OF STUDIES TO BE PERFORMED 2014 EGSL & ELL Integrated Resource Plans

DATA ASSUMPTIONS AND DESCRIPTION OF STUDIES TO BE PERFORMED 2014 EGSL & ELL Integrated Resource Plans ENTERGY GULF STATES LOUISIANA, L.L.C. & ENTERGY LOUISIANA, LLC LPSC DOCKET NO. I-33014 DATA ASSUMPTIONS AND DESCRIPTION OF STUDIES TO BE PERFORMED 2014 EGSL & ELL Integrated Resource Plans This version

More information

Schedule 9 and 10 PJM /23/2017

Schedule 9 and 10 PJM /23/2017 Schedule 9 and 10 PJM 2017 Schedule 9 PJM Scheduling, System Control and Dispatch Service How PJM pays its bills Unbundled Those who use the service, pay for it 6 categories plus FERC, NERC, RFC, OPSI,

More information

ISO-NE FCM Capacity Market Design Scott M. Harvey. October 9, 2007

ISO-NE FCM Capacity Market Design Scott M. Harvey. October 9, 2007 ISO-NE FCM Capacity Market Design Scott M. Harvey October 9, 2007 Summary The ISO-NE FCM capacity market design embodies many improvements over the prior ISO-NE capacity market. Five of these improvements

More information

Deliverability Requirements for Capacity Imports

Deliverability 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 information

CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 1 EXECUTIVE SUMMARY CHAPTER 1 EXECUTIVE SUMMARY The 2016 SD Electricity Supply Resource Procurement Plan The 2016 South Dakota Electricity Supply Resource Procurement Plan ( Plan ) evaluates NorthWestern Energy s ( NorthWestern

More information

Competitive Renewable Energy Zones: Texas Solution to the Poultry Dilemma? Dan Woodfin Manager, Regional Planning 03/16/2007

Competitive Renewable Energy Zones: Texas Solution to the Poultry Dilemma? Dan Woodfin Manager, Regional Planning 03/16/2007 Competitive Renewable Energy Zones: Texas Solution to the Poultry Dilemma? Dan Woodfin Manager, Regional Planning 03/16/2007 HEPG - 03/16/2007 Transmission Policy Background ERCOT-wide postage-stamp transmission

More information

The Energy Industry: Structure and Organization. Module 1, Unit B

The Energy Industry: Structure and Organization. Module 1, Unit B The Energy Industry: Structure and Organization Module 1, Unit B Student Learning Outcomes Explain the different structures of energy companies Explain the different types of energy businesses Identify

More information

Capacity Performance Training. March 16, 2015

Capacity 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 information

2007 State of the Market Report. Volume 1: INTRODUCTION

2007 State of the Market Report. Volume 1: INTRODUCTION 2007 State of the Market Report Volume 1: NTRODUCTON Market Monitoring Unit March 11, 2008 2007 State of the Market Report Preface The Market Monitoring Unit of PJM nterconnection publishes an annual

More information

MARKET MONITORS: AN INSTITUTIONAL INNOVATION IN ELECTRICITY REGULATION

MARKET MONITORS: AN INSTITUTIONAL INNOVATION IN ELECTRICITY REGULATION MARKET MONITORS: AN INSTITUTIONAL INNOVATION IN ELECTRICITY REGULATION Regulatory Policy Program JFK School of Government Harvard University Cambridge, MA April 8, 2004 Joseph E. Bowring Manager PJM Market

More information

ANEACIÓN DE SISTEMAS DE ENERGÍA FLEXIBLE.

ANEACIÓN DE SISTEMAS DE ENERGÍA FLEXIBLE. November 2007 BGE VISIÓN DE LA PLANEACIÓN DE SISTEMAS DE ENERGÍA FLEXIBLE. January 4, 2008 December 12 and 13 2012. Medellin, Colombia Page 1 Presentation Outline Introduction Vision and context for the

More information

2017/2018 Winter Reliability Assessment

2017/2018 Winter Reliability Assessment Version Date 2017/2018 Winter Reliability Assessment Errata 1.0 11/20/2017 Initial Version 1 Released Changes Received After Initial Release 1.1 12/08/2017 Added new findings regarding Aliso Canyon and

More information

Demand Response. Overview. Recommendations

Demand 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 information

Renewable Portfolio Standards

Renewable Portfolio Standards Renewable Portfolio Standards Lisa Schwartz Presentation to Oregon State University Energy Economics Class Feb. 22, 2010 The Regulatory Assistance Project China EU India United States About the Regulatory

More information

2015 Summer Reliability Assessment

2015 Summer Reliability Assessment 2015 Summer Reliability Assessment May 2015 I Table of Contents Preface... iii Assessment Development... iv Executive Summary...1 Key Finding #1:...2 Key Finding #2:...5 Key Finding #3:...8 Key Finding

More information

Wes Yeomans Vice President Operations Management Committee May 31, 2017 COPYRIGHT NYISO ALL RIGHTS RESERVED

Wes Yeomans Vice President Operations Management Committee May 31, 2017 COPYRIGHT NYISO ALL RIGHTS RESERVED Ramapo Phase Angle Regulator Cost Recovery Wes Yeomans Vice President Operations Management Committee May 31, 2017 Agenda Background Benefits of Two Ramapo Phase Angle Regulators Annual Cost Projections

More information

Capacity Deliverability. May 27, 2015 MISO-PJM JCM

Capacity Deliverability. May 27, 2015 MISO-PJM JCM Capacity Deliverability May 27, 2015 MISO-PJM JCM Key Takeaways and Objective Capacity deliverability seeks to eliminate barriers for capacity transactions across the seam MISO is evaluating options to

More information

Pricing Carbon into NYISO s Wholesale Energy Market

Pricing Carbon into NYISO s Wholesale Energy Market Pricing Carbon into NYISO s Wholesale Energy Market Study Overview and Summary of Findings P R E S E N T E D T O NYISO Business Issues Committee P R E P A R E D B Y Sam Newell Roger Lueken Tony Lee S e

More information

3.3.1 Cost of New Entry

3.3.1 Cost of New Entry Section 3: Demand in Reliability Price Model 3.3.1 Cost of New Entry The value for Cost of New Entry (CONE) (in ICAP terms) is determined in accordance with Attachment DD of the Open Access Transmission

More information

Contingency Modeling Enhancements Revised Straw Proposal

Contingency Modeling Enhancements Revised Straw Proposal June 18, 2013 Table of Contents 1. Changes from the Straw Proposal... 4 2. Background... 4 3. Scope of initiative and plan for stakeholder engagement... 5 4. Comparison of NERC and WECC standards for corrective

More information

Quantifying the Amount and Economic Impacts of Missing Energy Efficiency in PJM s Load Forecast

Quantifying the Amount and Economic Impacts of Missing Energy Efficiency in PJM s Load Forecast Quantifying the Amount and Economic Impacts of Missing Energy Efficiency in PJM s Load Forecast PREPARED FOR The Sustainable FERC Project PREPARED BY Ahmad Faruqui, Ph.D. Sanem Sergici, Ph.D. Kathleen

More information

U.P. Transmission Business Briefing Planning Update. November 29, 2007 Marquette, MI Flora Flygt, Director of Planning

U.P. Transmission Business Briefing Planning Update. November 29, 2007 Marquette, MI Flora Flygt, Director of Planning U.P. Transmission Business Briefing Planning Update November 29, 2007 Marquette, MI Flora Flygt, Director of Planning ATC Planning Drivers Load Generation Market Flows Policy Drivers MISO Cost Sharing

More information

Gas Prices and Offer Price Flexibility in Other ISO/RTO Markets

Gas Prices and Offer Price Flexibility in Other ISO/RTO Markets Gas Prices and Offer Price Flexibility in Other ISO/RTO Markets Scott Harvey Member: California Market Surveillance Committee Folsom, California May 19, 2014 TOPICS ISO New England PJM MISO New York ISO

More information

Sustaining & Enhancing Reliability in NY

Sustaining & Enhancing Reliability in NY Sustaining & Enhancing Reliability in NY Stephen G. Whitley President & CEO New York Independent System Operator Northeast Power Coordinating Council General Meeting December 1, 2010 Albany, NY Topics

More information

EVA grossly miscalculates Wind s Capacity Factor:

EVA grossly miscalculates Wind s Capacity Factor: EVA grossly miscalculates Wind s Capacity Factor: Typical Pennsylvania Wind Capacity Factor: Myersdale Wind Energy Center 60.00% 50.00% Capacity Factor 40.00% 30.00% 20.00% 10.00% 0.00% 2004-2009 Source:

More information

Section 3 Characteristics of Credits Types of units. Economic Noneconomic Generation.

Section 3 Characteristics of Credits Types of units. Economic Noneconomic Generation. Section 3 Operating Reserve Operating Reserve Day-ahead and real-time operating reserve credits are paid to market participants under specified conditions in order to ensure that resources are not required

More information

PJM Perspective of the EPA Clean Power Plan: Analysis

PJM Perspective of the EPA Clean Power Plan: Analysis PJM Perspective of the EPA Clean Power Plan: Analysis Consortium for Energy Policy Research Harvard University March 9, 2015 Cambridge, MA Muhsin K. Abdur-Rahman Senior Market Strategist Paul M. Sotkiewicz,

More information

Joint and Common Market ITEM 4 PSEUDO TIES

Joint and Common Market ITEM 4 PSEUDO TIES Joint and Common Market ITEM 4 PSEUDO TIES Agenda 1. Overview 2. Background 3. PJM Update 4. MISO Update 5. Congestion Overlap Solution 6. Next Steps 2 Overview Purpose Provide a status update on MISO-PJM

More information

Evolution 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 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 information