ICAP Automated Market Introduction - NYISO · ICAP Automated Market Introduction. For Discussion...

Tech. Conference #3March 16, 2006Dave Lawrence

ICAP Automated MarketICAP Automated MarketIntroductionIntroduction

2For Discussion Only

Presentation SchedulePresentation Schedule

Introduction (10 min) – Dave LawrenceOverview of Features (45 min) – Dave LawrenceUser Setup / Security (45 min) – Mike JaegerManual Processes (30 min) – Pete MorrisonLunch (45 min)Functional Demonstrations (90 min) – Matt Rodgers and Dave McKayGeneral Q/AAdjourn (3 pm)


General ItemsGeneral ItemsThis is not a tutorial on the ICAP Market – read the ICAP Manual at your leisureThis session will cover what you will need to get started with the automated ICAP systemThe NYISO will post responses to today’s questions on the ICAP Market Automation Project page: http://www.nyiso.com/public/products/icap/ucap.jspIf you haven’t done so already, you should participate in one of the remaining WebExtraining sessions:

March 22: 1:00 – 3:30March 23: 9:00 – 11:30

For more information see: http://www.nyiso.com/public/services/market_training/nyiso_courses.jsp

ICAP Automated Market ICAP Automated Market Overview of FeaturesOverview of Features

Tech. Conference #3March 16, 2006Dave Lawrence


Overview Overview -- Discussion PointsDiscussion Points

FeaturesBenefitsChangesUpload CapabilityDownload Capability


OverviewOverview

FeaturesWeb-based applicationAll current ICAP activities will not be available in this first release of the applicationAvailable features

• Transmission Owners (TOs) will enter load forecast and load-shift information

• Load-Serving Entities (LSEs) will view their UCAP requirements


OverviewOverview

Features - continuedAutomation of auction executionMPs will enter bids and offers for the strip, monthly and Spot Market auctions

• Instantaneous collateral calculation performedMPs will view market results of auctions and their individual auction awardsMPs will provide certification information for bilateral transactions and for generator allocations

• Bilateral transactions must be confirmed by the second party to the transaction before the ICAP system will accept the transaction as “official”


OverviewOverview

Features – continuedSuppliers will enter Dependable Maximum Net Capability (DMNC) and Proven Maximum Production Capability (PMPC) informationSuppliers may view their DMNC and PMPC information over an entire Capability PeriodSuppliers may view their Resources’ Effective Forced Outage Rate on Demand (EFORd) ratings over a Capability Period

• Under Phase I implementation, the EFORd calculation is made outside the application and entered into the application by NYISO Staff. Suppliers should verify their EFORd values


OverviewOverview

Features – continuedMPs may view their consolidated billing summary for a Capability Period – daily load-shift and load-shift true-up information availableAn MP may view the schedule of ICAP market activities through an Event calendarPublic Postings produced

• Summary of Auction results• NYCA load forecast and ICAP/UCAP requirements by

Transmission District


OverviewOverview

Features not in Initial DeploymentSpecial Case Resources and Emergency Demand Response Program

• Registration, reporting of event data, calculation of EFORd, maintaining strike price information

Request and track External Import Rights and Unforced Deliverability RightsSubmittal of GADS dataPerformance of EFORd calculationsIntegration with credit function


OverviewOverview

Benefits – NYISOSignificantly reduces risk of errors which may be introduced through manual processesReduces resource time required to manually populate and maintain current databasesIncreases resource time to fully validate process results and provides time to develop additional analysis and reporting capability


OverviewOverview

Benefits – MPsProvides a user friendly web-based access to ICAP Market processesProvides easier access to ICAP market auction results and consolidated billingAuction results will be available fasterFaster and easier access to load-shift and load-shift true-up information – TOs no longer required to send load-shift information to LSEsProvides a viewable repository for MP ICAP information


OverviewOverview

Benefits – MPsProvides instant feedback on validation of bid/offer and other submissionsTime frames will be increased to allow MP access to application at their convenience (24x7) –bid/offer submittalsWith the time decrease for posting auction results, MPs will have more time to arrange and certify transactions in the bilateral market


OverviewOverview

Benefits – MPsEasy tracking of mitigated capacity purchasesICAP market available collateral will be readily availableDownload capability available for most ICAP market informationData is completely secureIncreased customer support (NYISO’s CRD)


OverviewOverview

Changes - TOsLoad-shift and load-shift true-up information must be provided with at most three decimals of precisionOn upload, correct MP names must be provided with load information – MP names are available through drop-downsCon Edison and LIPA must provide two sets of load information, one set for the Locality and the second set for the Transmission District inclusive of the Locality


OverviewOverview

Changes - MPsBid prices and Offer prices must be entered as $/kW-month (includes Strip auction) Point Identifiers (PTIDs) cannot be provided on offers for strip and monthly auctions other than external generatorsResources not modeled in the MIS (i.e., Special Case Resources and Municipal generators) will be assigned a new PTID – the PTID provided under the current system will not be valid


OverviewOverview

Changes - MPsBids for the purchase of capacity from a specific external location will no longer be allowed

• the external supplier will be awarded capacity at the applicable external control area market-clearing price

• any external capacity purchased will be identified as Rest-of-State (ROS) for the purchaser

• buyers of ROS capacity (including external capacity) will pay a capacity weighted average market-clearing price based on the amounts of ROS capacity purchased internally and externally and the applicable market-clearing price of this capacity


OverviewOverview

Changes - MPsPrior to acceptance as a valid transaction, a bilateral must be confirmed by the other party to the transaction

• Control area entities have been setup to administer bilaterals exports to these control areas

• NYISO Staff will make the second party confirmation for these external sales

Correct MP names must be provided with each bilateral transaction submitted – MP names will be available through a drop-downCertification must take place through the web interface – no upload capability availableTo participate in the ICAP auctions, the Purchase and Sale Agreement applicable to the automated system must be on file with the NYISO


OverviewOverview

Changes – Responsible Interface PartiesRIPs must use the ICAP system to:

• verify the Special Case Resource registration entered by the NYISO

• monthly certify their market position and bilateral transactions

• participate in the ICAP auctionsRIPS will continue to use the manual process for:

• SCR registration• reporting of event data• maintenance of strike price information


OverviewOverviewChanges – Responsible Interface Parties

RIPs must enter UCAP values for each SCR• RIPs will provide ICAP values (APMD – CMD) for

each SCR to NYISO via current manual process• NYISO will provide RIPs with performance factors

and UCAP values for each SCR via current manual process

• RIPs must enter UCAP values for each SCR provided by NYISO into the automated system on the DMNC page

• NYISO Staff will verify and approve the entered DMNC values (UCAP values) for each SCR and set its performance factor to 0.0%


OverviewOverview

Changes - GeneralOnce deployed, all MPs trading ICAP must use the web-based application

• To become ICAP Qualified, an MP must:– be a NYISO Customer– establish collateral– sign the ICAP Purchase and Sale Agreement

An MP working through a Billing Agent can only access the ICAP system by permission of the Billing AgentAll MPs engaged in the ICAP market must change their password to support changes made to the NYISO’s security architecture


OverviewOverview

Upload Capability AvailableTransmission Owners (TOs) may enter load forecast and load-shift informationMPs may enter bids and offers for the strip, monthly and spot market auctionsSuppliers may enter Dependable Maximum Net Capability (DMNC) and Proven Maximum Production Capability (PMPC) information


OverviewOverviewDownload Capability Available

LSE UCAP requirementsLSE & TO load-shift and load-shift true-up informationTotal bids/offers for the strip and monthly auctions by LocalityTotal offers for the Spot Market auction by LocalityMarket results of auctionsCertification information

• Allocation of sales to generators• Bilateral transactions• By auction, MW purchased and sold by Locality

DMNC results

ICAP Automated Market Introduction - NYISO · ICAP Automated Market Introduction. For Discussion...

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