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Western energy imbalance market update Mark Rothleder Vice - - PowerPoint PPT Presentation
Western energy imbalance market update Mark Rothleder Vice - - PowerPoint PPT Presentation
Western energy imbalance market update Mark Rothleder Vice President, Market Quality and Renewable Integration Stacey Crowley Vice President, Regional and Federal Affairs Board of Governors Meeting General Session February 3, 2016 Page 1
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EIM update
- NV Energy participating in market since December 1.
– Balancing test passed 96.67 percent of the hours. – Flex ramp sufficiency test passed 98.9 percent of the intervals. – Solution is feasible using available bids:
- 99.7 percent of fifteen-minute interval
- 99.6 percent of five-minute market intervals.
- FERC accepted the implementation agreement with
Portland General Electric, effective January 20, 2016 for an October 2017 implementation.
- Arizona and Puget continue their respective implementation
progress for an October 1, 2016 go live.
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EIM benefits update
- Total benefits for year ending 2015 = $45.69 million
- 17,776 Mwh curtailment avoided, displacing 7,521 metric tons of CO2.
Region October November December Total CAISO 1.27 1.30 2.70 5.28 NV Energy n/a n/a 0.84 0.84 PacifiCorp 1.24 2.19 2.75 6.17 Total 2.51 3.49 6.27 12.29
Shows the estimated gross benefits summary for the fourth quarter of 2015 in millions of dollars per EIM entity.
4th Quarter 2015 EIM Benefits
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15-minute prices stable since December start
- f NV Energy
PACW PACE
Prices without waiver Current Prices Prices without waiver Current Prices NVE Go Live NVE Go Live
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5-minute prices in PACW reflect hydro conditions, PACE stable since NV Energy start
PACW PACE
Prices without waiver Current Prices Prices without waiver Current Prices NVE Go Live NVE Go Live
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Prices in NV Energy reflect system conditions
- $30
- $20
- $10
$0 $10 $20 $30 $40 $50 $60 $70 $80 1-Dec 4-Dec 7-Dec 10-Dec 13-Dec 16-Dec 19-Dec 22-Dec 25-Dec 28-Dec 31-Dec 3-Jan 6-Jan 9-Jan 12-Jan 15-Jan 18-Jan 21-Jan 24-Jan 27-Jan 30-Jan Daily Average Price ($/MWh) FMM Prices RTD Prices
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Robust bi-directional transfers observed with NV Energy
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Transfer into ISO by supporting resource type
Month Coal (%) Gas (%) Non-Emitting (%) Total 15-Jan 0.06% 6.04% 93.90% 100% 15-Feb 0.32% 88.89% 10.79% 100% 15-Mar 0.46% 99.54% 0.00% 100% 15-Apr 0.13% 65.48% 34.39% 100% 15-May 0.00% 84.37% 15.63% 100% 15-Jun 0.00% 72.95% 27.05% 100% 15-Jul 0.00% 65.16% 34.84% 100% 15-Aug 0.02% 86.48% 13.50% 100% 15-Sep 0.00% 92.27% 7.73% 100% 15-Oct 0.10% 99.90% 0.00% 100% 15-Nov 0.00% 25.25% 74.75% 100% 15-Dec 0.00% 15.79% 84.21% 100%
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EIM GOVERNANCE
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In December 2015, the Board approved corporate documents to support implementation
- f EIM governance.
Nominating committee is working with an executive search firm to identify qualified candidates. Following interviews and discussion, committee will present slate of five candidates for Board consideration.
- Regional Issues Forum
– sectors selecting liaisons, first Forum expected Q1 2016
- Body of State Regulators
– led by WA Commissioner Ann Rendahl
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EIM Governing Body Nominating Committee
Sector Company/Organization Name Voting Members EIM Entities PacifiCorp Transmission Sarah Edmonds Participating Transmission Owners Southern California Edison Eric Little Suppliers and Marketers of Generation, ESPs Calpine Mark Smith Publicly-Owned Utilities Northern California Power Agency Randy Howard The Body of State Regulators Arizona Corporation Commission Doug Little Non-Voting Members EIM Transitional Committee Iberdrola Renewables Kevin Lynch ISO Board of Governors New Energy Options, Inc. Angelina Galiteva Public Interest and Consumer Advocate Groups Western Resource Advocates Jennifer Gardner