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Market Evolution Program

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Drew Phillips/Mark Wilson. 8/23/09. Market Operations Standing Committee of the IMO. 2. Workshops ... Stakeholder workshops took place in May/June for the Long ... – PowerPoint PPT presentation

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Title: Market Evolution Program


1
Market Evolution Program
Drew Phillips/Mark Wilson
2
Workshops
  • Stakeholder workshops took place in May/June for
    the Long Term Resource Adequacy and the Day Ahead
    Market initiatives
  • Purpose was to engage stakeholders not directly
    involved through Working Group participation
  • An opportunity to ask questions, provide input
    and prepare for the June 11 MAC

3
Locational Marginal Pricing
  • Preliminary analysis indicates that underlying
    pricing issues need to be dealt with before any
    recommendation can be made

Environmental Information Tracking
  • RFP for system issued
  • Comment period on draft regulation closed May 5

4
Wholesale/Retail Integration
  • Discussion paper issued May 15
  • Seeking input by June 23
  • Provides a list of activities under consideration
    e.g. pilot projects on load aggregation
  • As part of its investigation into market
    integration
  • What other activities should the IMO support?
  • What other marketplace/technological developments
    should the IMO monitor?
  • Does your organization have any proposals that
    relate to the identified activities?

5
Day Ahead Market
  • Working on high level design
  • LECG consultants engaged
  • Strawman issued May 30 consisting of
  • Guiding Principles
  • High Level Design
  • Calculation engine
  • Issues log

6
Hour Ahead Dispatchable Loads
  • Program begins this month
  • Training material posted yesterday
  • Quick Take 7
  • New module in Ontario Energy Trading course
  • (http//www.theimo.com/imoweb/marketplacetraining/
    training.asp)

7
Long Term Resource Adequacy
  • Feasibility assessment - to be posted next week
  • Contains objectives, evaluation criteria, options
  • Policy issues raised regardless of their
    resolution a decision is required by year end
  • Content will presented at June 11 MAC

8
Multi-Interval Optimization
  • ABB Proposal
  • Runs every 5 minutes
  • Optimizes dispatch over next full hour using same
    objectives as currently used for five minutes
  • Results applied to next 5 minute dispatch
  • Dispatch advisory notices issued for 15,30, 45
    and 60 minutes out
  • Currently being developed for NY and CAISO
  • IMO Proposal
  • Runs every 15 minutes
  • Optimizes for critical intervals over the next 60
    minutes Less complicated approach to optimization
    (solution will be optimal approx. 80 of the
    time)
  • Modified Look Ahead sequence provides maximum and
    minimum requirements to Real Time sequence for
    ramp limited resources
  • Real Time continues to calculate Dispatch
    Instructions
  • Dispatch Advisory notices issued for each run of
    the Look Ahead sequence

9
Multi-Interval Optimization
  • Status
  • Recommendation to proceed with IMO proposed
    solution
  • Primarily as a result of concerns with estimates
    for the calculation time with the ABB solution
  • MIO Working Group has determined design
    requirements which ABB are assessing
  • ABB now have a MIO engine that can be used to
    baseline calculation times for the ABB proposed
    solution

10
Multi-Interval Optimization
  • Next Steps
  • Assess ABB calculation time results
  • Assess impact on schedule and budget to implement
    ABB solution
  • Make recommendation to continue with IMO solution
    or adopt ABB proposed solution
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