Download - AUGUST 6, 2014 | NEPOOL markets committee
A U G U S T 6 , 2 0 1 4 | N E P O O L M A R K E T S C O M M I T T E E
Jay DwyerI S O N E W E N G L A N D
Conforming Changes to Manuals for Net Commitment Period Compensation Payments Tariff Changes, associated clean-up, and elimination of M-29
Conforming Manual Changes for NCPC Payments
Notes on M-29 Elimination
• In the course of reviewing M-29 for NCPC payments revisions, the ISO noted that all of what M-29 does is done elsewhere:– The summary of invoice is done more accurately and is updated more
frequently in the Billing Job Aids on the ISO website; and– RBA is fully covered in the Tariff and M-28.
• M-29’s Summary of Invoice section requires significant revision to reflect the new NCPC types.
• M-29 has little or nothing to do with Market Participant actions.
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Manual Changes
The Manual changes other than elimination of M-29 are to:–Conform the Manual language to the new
NCPC provisions in the Tariff;–Correct errors and make clean-up changes;All these changes are summarized in the
following slides
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M-11 NCPC Revisions (1 of 2)
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Section Proposed Change Reason2.2.1 Delete sentence on DAM
schedules remain binding at this point.
NCPC treatment does not always make this true; and MR-1 this point.
2.2.3A(8) Delete statement about eligibility for NCPC for generators with Minimum Run Times >24 hours
Appendix IIIF revisions cover this point.
2.2.8(5) Revise provision on treatment of Postured Resources
Avoid restating new III.F provisions for different types of Posturing Credits in the Manual.
M-11 NCPC Revisions (2 of 2)
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Section Proposed Change Reason
3.1.2 Revise SCR provisions to simplify language and delete re-phrasing of III.F provisions.
Avoid repeating Appendix F provisions and repetitive language in this section of the Manual.
3.1.4 Delete Cancelled Start Credits defined in I.2.2 and provided for in Appendix III.F.
M-28 NCPC RevisionsSummary
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Section Proposed Change Reason
Throughout Replace “block” with “Block”
Defined term added in NCPC/EMOF conforming changes to Tariff.
6.1 Replace “based on deviations used to allocate Real-Time NCPC costs” with “as described in Market Rule 1 Section III.F.3.1.2 (g)”
Clarifies reference.
8.1 Delete (1) and (2) [Clean-Up NOT NCPC related]
Summary of an allocation that is described in 8.2.1(3).
8.2.1(h) & 8.3.1(g)
Delete Reflect MR-1 language. Clean-up
M-35 Revisions (1 of 8)• Several revisions to M-35 not related to NCPC or Offer
Flexibility were added here.
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Term Proposed Change Reason
Throughout Delete bracketed references at end of definitions
Relic of the first version . These identified the source of the definitions.
Black Start Generator
Delete reference to M-27 M-27 no longer exists
Cancelled Start Credit
Delete [NCPC Revision] Revised definition now in I.2.2
Cancel Time Delete [NCPC Revision] No longer used & to reflect new App F
Commitment Order Time
Delete [NCPC/EMOF] No longer used in Manual M-28. Inconsistent with revised MR-1
M-35 Revisions (2 of 8)• Revisions (cont.)
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Term Proposed Change Reason
Commitment Period
Delete [NCPC] New definition in I.2.2
Congestion Revenue Fund
Delete Term defined in I.2.2
Congestion Shortfall
Delete Term defined in I.2.2
Day-Ahead Commitment Periods
Delete [NCPC] Reflect definition of Commitment Period in I.2.2 and new App F
Demand Designated Entity
Delete Term defined in I.2.2
M-35 Revisions (3 of 8)• Revisions (cont.)
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Term Proposed Change Reason
Designated Entity Delete Term defined in I.2.2
Desired Dispatch Point
Delete Term defined in I.2.2
External Control Area Resource
Delete External Resource is defined term in I.2.2
Forward Reserve Failure to Activate Penalty
Delete Term defined in I.2.2
Generator Flags Revise to change “Generation” to “generation”
Not a defined term
Generator Regulation Credits (GRC)
Delete This was deferred in Regulation revisions because it becomes effective with EMOF & NCPC
Highgate Tie Replace “II.1” with “I.2.2” Correct Section reference
M-35 Revisions (4 of 8)• Revisions (cont.)
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Term Proposed Change Reason
Interest Charge Delete Section I.2.2 definition of Interest “as calculated in the manner specified in Section II.8.3”. Also uses M-27, which does not exist.
Internal Bilaterals for Market
Delete descriptions. Defined term retained for now because used in other Manuals.
Covered in MR-1. Also, current language gives false impression these are the only IBMs allowed.
ISO Commitment Order Time
Delete [NCPC] Not used in Manuals & tied to old Cancelled Start Credit
ISO Self-Funding Tariff Accounting Services
Delete M-27 reference M-27 doesn’t exist
M-35 Revisions (5 of 8)• Revisions (cont.)
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Term Proposed Change Reason
Late Fee Delete M-27 reference M-27 doesn’t exist
Local Second Contingency Protection Resource NCPC Charges/Credits
Delete [NCPC] Reflect new defined terms for NCPC types added to I.2.2
Meter Reader Delete Defined term is Assigned Meter Reader in I.2.2
Network Integration Transmission Service
Delete Term not used in Manuals. FERC pro-forma term for a service we don’t have.
M-35 Revisions (6 of 8)• Revisions (cont.)
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Term Proposed Change Reason
Network Load Delete No longer used in Manuals. Changed to Regional Network Load defined in I.2.2
Open Access Transmission Tariff
Delete Term defined in I.2.2
Out Service Delete Other than as Section heading, no longer used in Manuals. There is no Out Service. The Tariff service is Through or Out Service.
Participant Expenses
Delete Term defined in I.2.2
M-35 Revisions (7 of 8)• Revisions (cont.)
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Term Proposed Change Reason
Payment Default Shortfall Fund
Delete Term defined in I.2.2
Power Year Delete No longer used in Manuals.
Real-Time Adjusted Load Obligation Deviation
Delete Term defined in I.2.2
Reliability Administration Service (RAS)
Delete Term defined in I.2.2
Remittance Advice Delete Term defined in I.2.2
Reserve Adequacy Analyses
Delete Term defined in I.2.2
M-35 Revisions (8 of 8)• Revisions (cont.)
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Term Proposed Change Reason
Synchronous Condenser
Delete Term defined in I.2.2
System Operator Delete Term defined in I.2.2
Through Service Delete Other than as part of the name of a transaction type, no longer used in Manuals. There is no Through Service in the Tariff just Through or Out Service.
VAR Delete Term defined in I.2.2 and is no different than the ordinary dictionary definition.
M-20 Revisions for NCPC
• Section 2.5 Line 5 (Section III.13.5.3) Change designation time for Supplemental Capacity Resources to match Tariff;
• Defined terms Operating Day and Minimum Run Time should be capitalized (Minimum Run Time is a new defined term; Operating Day is a clean-up change).
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M-RPA Revision for NCPC
• In Section 3.4.6.2, replace “notification period” with “Demand Resource Notification Time” to reflect revision in Section III.13.6.1.5.4.3.3 made in the Conforming Tariff changes for EMOF and NCPC.
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M-36 Revision for NCPC
• Section 3.1 Revise the deadline for designating Forward Reserve Resources to “as provided under Market Rule 1 Section III.9.5.1”.
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Proposed Stakeholder Schedule• Today: Present proposed changes and red-
lined Manuals to the Committee;• September: Review the actual red-lined
Manuals with the Committee;• October: MC Vote on Manuals;• November: PC Vote.
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ISO Closing Remarks
• Both the EMOF and NCPC Payments Tariff revisions are effective in December.
• The NCPC Payments revisions will be made to the Manuals as revised for EMOF to be effective at the same time.
• Thank you for your time and attention.
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Questions, comments and concerns