Settlements Forum 2018 Q3 Rachel Likover Jin Hua Thian Andy - - PowerPoint PPT Presentation

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Settlements Forum 2018 Q3 Rachel Likover Jin Hua Thian Andy - - PowerPoint PPT Presentation

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September 6, 2018 Disclaimer for Customer Training: ISO New England (ISO) provides training to enhance participant and stakeholder understanding. Not all issues and requirements are addressed by the training. Consult the effective Transmission,

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SLIDE 1 ISO-NE PUBLIC Disclaimer for Customer Training: ISO New England (ISO) provides training to enhance participant and stakeholder understanding. Not all issues and requirements are addressed by the training. Consult the effective Transmission, Markets and Services Tariff and the relevant Market Manuals, Operating Procedures and Planning Procedures for detailed
  • information. In case of a discrepancy between training provided by ISO and the Tariff or
Procedures, the meaning of the Tariff and Procedures shall govern. ISO-NE PUBLIC

2018 Q3

WebEx Broadcast Market Analysis & Settlements

Rachel Likover Jin Hua Thian Andy Nosack

September 6, 2018

Settlements Forum

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SLIDE 2 ISO-NE PUBLIC

Topics

  • pics

Implemented Market Changes

  • Price Responsive Demand
  • External Transaction Flexibility
  • Forward Capacity Market Performance Incentives
  • Capacity Scarcity Conditions

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Informational Items

  • Website Tour
  • Meeting Dates

Ask ISO Topics

  • New Platform
  • Frequently Asked Questions

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SLIDE 3 ISO-NE PUBLIC ISO-NE PUBLIC

Implemented Market Changes

  • Price Responsive Demand
  • External Transaction Flexibility
  • Forward Capacity Market Performance Incentives

– Capacity Scarcity Conditions 3

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SLIDE 4 ISO-NE PUBLIC

Joint ISO-NE/NEPOOL Filing

  • Full integration of active demand response into the energy

and reserves markets

  • For details about settlement mechanics and demand response

resource requirements, see Q1 2018 forum materials

Fully Integrated Price Responsive Demand (PRD)

Implemented June 1, 2018

Joint ISO-NE/NEPOOL FERC Filing

ER11-4336-000 ER15-257-000 ER16-167-000 ER17-2164-000

See this project’s web page:

  • Customer Readiness page

4 Links to FERC filings in .pdf version.

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SLIDE 5 ISO-NE PUBLIC

ISO to provide additional functionality in the Enhanced Energy Scheduling (EES) application

  • EES is used to submit external transactions
  • Participants will be able to submit day-ahead

external transactions with prices that vary by hour

External Transaction Flexibility

September 1, 2018

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Markets Committee Notification

March 6, 2018 Meeting

Added functionality will allow participants to submit one transaction with varying prices. Currently, a transaction can only have one price. Participants with varying hourly prices submit unique transactions for each individual hour.

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SLIDE 6 ISO-NE PUBLIC

Joint ISO-NE/NEPOOL Filing

Implement pay for performance design

  • For details about performance score determination,

see Q4 2017 forum materials

  • For details about stop-loss mechanism and capacity

performance bilaterals, see Q1 2018 forum materials

Forward Capacity Market (FCM) – Performance Incentives

Implemented June 1, 2018

Joint ISO-NE/NEPOOL FERC Filing

ER14-1050-000 ER14-1050-001 ER14-2419-001

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Watch a short video introduction to the FCM performance incentives.

Links to FERC filings in .pdf version. See this project’s web page:

  • Customer readiness page
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SLIDE 7 ISO-NE PUBLIC

Forward Capacity Market (FCM) – Capacity Scarcity Conditions (CSC)

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* Based on preliminary pricing information ** These settlement events will take place assuming CSC confirmed in finalized pricing Preliminary MIS Reports SD_FCMPFPACPPRELIM FCM PFP Actual Capacity Provided SD_FCMPFPSCOREPRELIM FCM PFP Capacity Performance Score Settlement MIS Reports SD_FCMPFPACP FCM PFP Actual Capacity SD_FCMPFPSCORE FCM PFP Capacity Performance Score SD_FCMPFPCPSBT FCM PFP Capacity Performance Score Bilateral Transactions SD_FCMPFPRESPYMT FCM PFP Resource Payments

First CSC Occurrence *

  • Labor Day – September 3, 2018

Settlement Events for CSC **

  • Preliminary reports, for information only,

issued in September

‒ Actual Capacity Provided, Performance Score

  • Settlement MIS reports issued in October

‒ Actual Capacity Provided, Pay for Performance, Bilaterals ‒ Part of regular FCM settlement report release

  • May be revised from preliminary information
  • FCM Monthly Billing

‒ September FCM will be billed October 15, 2018

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SLIDE 8 ISO-NE PUBLIC ISO-NE PUBLIC

Ask ISO Topics

  • New Platform
  • Frequently Asked Questions

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SLIDE 9 ISO-NE PUBLIC

Ask ISO Got a Makeover!

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Ask ISO Improvements:

  • Updated customer support tool
  • Better communication with customers and stakeholders
  • Access with username & password

‒ If you represent more than one customer, you can submit questions for any of them under single account*

For first time use…make sure that:

  • Your CAMS Security Administrator confirmed your

email and phone information

  • You create an Ask ISO user account via:

‒ Link found in the welcome email you received from custserv@iso-ne.com ‒ Use “Forgot your password?” link on the Ask ISO login page to get a new link

Implemented: August 27, 2018

https://askiso.force.com/

Links to additional materials:

  • ISO Newswire announcement
  • Ask ISO Customer Readiness page
  • Ask ISO User Guide

* The Security Administrator must use the same email in CAMS for each of the “person” profiles.

Forgot your password? link

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SLIDE 10 ISO-NE PUBLIC

Common Ask ISO Topics

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❶ Expenses associated with various activities ❷ Forward Reserve Market – Failure to Reserve Penalties ❸ Divisional Accounting – Forward Capacity Market reporting

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SLIDE 11 ISO-NE PUBLIC

❶ What expenses can my company incur from various activities?

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https://www.iso-ne.com/participate/support/faq/oatt-iso-tariff

  • Guide to OATT Tariff Charges
  • Guide to ISO New England Funding Mechanism Charges

Disclaimer: This is only a list of potential expenses for market activities. Not intended to serve as a complete list. Activity OATT Schedule 1 OATT Schedule 2 OATT Schedule 8 OATT Schedule 9 OATT Schedule 16 RNS TOUT VAR TOUT RNS Black Start Regional network load X X X X External transaction through* X X X External transaction export* X X X

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SLIDE 12 ISO-NE PUBLIC

❶ What expenses can my company incur from various activities?

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https://www.iso-ne.com/participate/support/faq/oatt-iso-tariff

  • Guide to OATT Tariff Charges
  • Guide to ISO New England Funding Mechanism Charges

Disclaimer: This is only a list of potential expenses for market activities. Not intended to serve as a complete list. Market Activity ISO Schedule 1* ISO Schedule 2 ISO Schedule 3* ISO Schedule 5

RNS TOUT VMs TUs Virtual TUs Submitted Virtual TUs Cleared FTRs Submitted FTRs Cleared NCP Load Obligation Exports RNS

Regional network load

X X

External transaction through

X X

External transaction export

X X X X

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SLIDE 13 ISO-NE PUBLIC

❷ My company has a cleared Forward Reserve obligation from the Forward Reserve Auction. Why did we receive Failure to Reserve Penalties on day MM/DD/YY?

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Consider the following:

  • Were assets assigned to meet Forward Reserve Obligations?
  • Were assets bid above the Forward Reserve Threshold Price?
  • Was the assigned asset offered as Fast Start?
  • Was the asset’s availability affected in real-time?

Failure to cover the obligation will be assessed failure to reserve penalties in accordance to Market Rule 1 Section 9.7.1.

To avoid the Forward Reserve Failure-to-Reserve penalties, either:

  • Assign another unit to take on

the obligation

  • Cover the obligation via a

bilateral transaction

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SLIDE 14 ISO-NE PUBLIC

❸ Why aren’t our Forward Capacity Market (FCM) resources being mapped to a subaccount?

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  • FCM Resources are distinct from Energy Market assets

‒ Financial responsibility is set up differently in the markets

  • Lead Market Participant may be different entity for FCM and Energy Market

FCM Resource

“Lead Market Participant” All Activities for Resource Auctions, FA, Settlement

Energy Market Asset

“Lead Market Participant” Submits Supply Offers “Designated Entity” Receives Dispatch Instructions “Ownership Share” Right to share of settlement Relationship between generating units in the FCM and Energy Market

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SLIDE 15 ISO-NE PUBLIC

One-multiple relationship: One-one relationship:

❸ Why aren’t our Forward Capacity Market (FCM) resources being mapped to a subaccount?

FCM Resource (ID: 111) Energy Asset (ID: 111) FCM Resource (ID: 222) Energy Asset (ID: 4001) FCM Resource (ID: 500) Energy Asset (ID: 5001) Energy Asset (ID: 5002) Example 1 Note: Relationships between FCM resources and energy assets for Demand Response:

  • Active Demand Capacity Resource (FCM)  Demand Response Resource (energy asset)
  • Seasonal and On-Peak Resources (FCM) only; no energy asset

Example 2 Example:

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SLIDE 16 ISO-NE PUBLIC

❸ Why aren’t our Forward Capacity Market (FCM) resources being mapped to a subaccount?

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Subaccount setup:

  • Two entity types: Generation Unit vs Generation Resource

‒ Only the Energy Asset is mapped to a subaccount. ‒ The FCM Resource is still mapped to the default account.

Remember: FCM Resources and Energy Assets are separate entities

  • For more information, view the Divisional Accounting materials online

Cust ID Name Subaccount ID Subaccount Name Entity ID Entity Name Entity Type Date Effective Date Expires 25 Cust25 25H 25_Hydro 3000 Hydro1 Generating Unit 6/1/2018 25 Cust25 Default Default 3000 Hydro1 Generating Resource 6/1/2018

Both the FCM resource and Energy Asset must be mapped to the proper subaccount.

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SLIDE 17 ISO-NE PUBLIC ISO-NE PUBLIC

Informational Items

  • Website Tour!
  • Settlements Forum Dates
  • Questions & Discussion

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SLIDE 18 ISO-NE PUBLIC

Past Website Tours

Today’s Website Tour

  • ISO to Go 2.0
  • Billing Process Summary

Website Tours from Past Settlement Forums

2017 Q1 – How to subscribe to the Settlement Forum 2016 Q4 – Metering & Resettlements Calendar 2016 Q3 – Enhanced LMP Selection Options 2016 Q2 – Understanding The Bill page Visit the Settlement Forum materials page to view these tours. See the Appendix for more information

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SLIDE 19 ISO-NE PUBLIC

Settlements Forum Dates 2018

  • Thursday, March 8 at 10:00 AM
  • Thursday, June 7 at 10:00 AM
  • Thursday, September 6 at 10:00 AM
  • Thursday, December 6 at 10:00 AM

Q1 Q2 Q3 Q4

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SLIDE 20 ISO-NE PUBLIC ISO-NE PUBLIC

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Questions

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SLIDE 21 ISO-NE PUBLIC ISO-NE PUBLIC

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Evaluations

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SLIDE 22 ISO-NE PUBLIC ISO-NE PUBLIC

Appendix: Website Tour

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SLIDE 23 ISO-NE PUBLIC

Get the ISO to Go 2.0 App!

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To learn more about ISO to Go, visit our website:

1. Open the ISO website 2. Navigate to: About Us > News and Media > ISO to Go Download or update it for free on your Apple or Android device!

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SLIDE 24 ISO-NE PUBLIC

Today’s Website Tour – The Billing Process Summary

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1. Open the ISO website 2. Navigate to: Markets and Operations > Settlements > Understanding the Bill 3. Find and select the Billing Process Summary .pdf file Helpful for answering many billing questions!