Real-time and day-ahead prices track net load. • Real-time and day-ahead prices track fairly closely to net load, with peaks in the morning and the evening. • Generally, day-ahead and real-time prices follow a similar pattern. • There was a premium with day-ahead prices compared to both real-time markets. • The greatest separation between day-ahead and real- time prices occur when solar generation is greatest. • Prices in the 5-minute market were the most volatile, owing to price spikes from a more limited ramping availability. Page 48
Release Plan Update Adrian Chiosea Manager, Strategic Initiative Management Page 49
Release Plan 2016 Early 2016 • Capacity Procurement Mechanism Replacement • Reliability Services Initiative • Commitment Cost Enhancements Phase 2 (remainder) • Post Implementation OMS Enhancements 2016 • Application Identity Management (AIM) Enhancements • Expanding Metering and Telemetry Options Phase 2 • Demand Response Registration Enhancements • RIMS Functional Enhancements • Available Balancing Capacity • Bidding Rules Enhancements – Part A Fall 2016 • BAL-003 Compliance • Reliability Services Initiative Phase 1B • Flexible Ramping Product • BCR modifications and VER settlement • Bidding Rules Enhancements – Part B • Energy storage and distributed energy resources (ESDER) • Commitment Cost Enhancement Phase 3 • Acceptable Use Policy - CMRI Moved from Early 2016 • OMAR Replacement • PIRP System Application Decommissioning • Post Implementation OMS Enhancement • Energy Imbalance Market (EIM) Year 1 Enhancements Phase 2 • Energy Imbalance Market (EIM) 2016 Arizona Public Service (APS) • Energy Imbalance Market (EIM) 2016 Puget Sound Energy (PSE) Subject to further release planning : • ADS User Interface Replacement • Stepped Constraints • Reactive Power Requirements and Financial Compensation • Contingency Modeling Enhancements Page 50
Early 2016 Release Market Simulation Market Simulation Dates – RSI, CPM, Commitment Costs Phase 2, and OMS Enhancements Nov 9 – Dec 17, 2015: Session 1 (Structured and Unstructured) - completed February 8 – March 11, 2016: Session 2 (Unstructured and Structured E2E) updated Link to Early 2016 Release Market Simulation Plan - http://www.caiso.com/Documents/MarketSimulationPlanEarly2016Release.pdf Page 51
Early 2016 Settlements Release ISSUE SUMMARY BPM IMPACTED New and updated BPM Configuration guides in support of PRR# 884 (CC 6460, CC 6470, CC 6482, CC 6488, CC the Capacity Procurement Mechanism (CPM) 7891, CC 7896, CG PC MD TAC Area and CPM ) Replacement Initiative New and updated BPM Configuration guides for PRR# 885 (CC 4515, CC 4999, CC 6011, CC 6455, CC assessing resources with RA capacity in support of the 8830, CC 8831, CC 8835, CG PC IFM Net Amount, CG Phase 1 of the Reliability Services Initiative PC Metered Energy Adjustment Factor, CG PC MSS Netting, CG PC RA Availability Incentive Mechanism, CG PC RTM Net Amount, CG PC RUC Net Amount, CG PC Start-Up and Minimum Load Cost ) Terminated BPM Configuration guides in support of PRR 886: ( CC 7872, CC 7873, CC 7874, CC 7875, CC implementation of the Capacity Procurement Mechanism 7876, CC 7877, CC 7880, CC 7881, CC 7882, CC 7883, Replacement and Reliability Services Initiatives CC 7884, CC 7885, CC 7886, CC 7887, CC 8820, CC 8821, CC 8824, CC 8825, CC 8826, CC 8827, CG PC Standard Capacity Product ) Page 52
Early 2016 Settlements Release Milestone Date Status Configuration Guides Posted December 8, 2015 FIRST DRAFT Configuration Output File Posted December 14, 2015 MAP Stage Deployment January 13, 2016 SECOND DRAFT Configuration Output File Posted January 14, 2016 Market Simulation: February 9 – March 10, 2016 Trade Dates to be Posted February 16 – March 17, 2016 Calendar dates of Posting Pre-Production Configuration Output File Posted March 14, 2016 Production Deployment March 28, 2016 FINAL Configuration Output File Posted March 28, 2016 Page 53
Early 2016 – Capacity Procurement Mechanism Replacement (CPM) Milestone Details/Date Competitive Solicitation Process (CSP): CSP replaces the existing administrative price process for annual, monthly and intra-monthly CPM events for flexible and generic RA capacity. CSP will cover all events that allow the ISO to procure additional capacity. CIRA: − Bid Submittal system for SCs to submit capacity bids (not an existing bid type) − Capacity bids to implement new validation rules (not an existing bid type) − Capacity Bid submittal to be on a yearly, monthly, and intra-monthly level − LSE/LRA deficiency calculation to be performed for CSP for Generic and Flexible RA data − Existing CPM calculation to be deprecated for trade dates after the effective date of implementation. − Manage import allocation and bilateral trades of import allocation Application Software Changes Settlements: Settlements will need new CPM formulas that will result in charge code impacts. Reporting: If an annual or monthly CPM occurs greater than two times (over a rolling 24 month period) or more than 50% of the LSE’s RA requirement is CPMed, a report must be given to Market Participants. OASIS: − Publish all finalized offers into the competitive solicitation process on a rolling five-quarter delay. (Deferred) Page 54
Early 2016 – Capacity Procurement Mechanism Replacement (cont.) Milestone Details/Date Status Reliability Requirements – PRR issued 11/4/15 Market Instruments – issue PRR 1/8/16 BPM Changes - Billing & Settlements – PRR issued 1/11/16 − Solicitation for soft offer cap. Timeline for submittal needs to be defined. − Submittal process for annual/monthly CPM bid submittal Business Process Changes − New business process for amount of capacity being relied on (non-RA from partial RA) − New process for Competitive Solicitation Process (annual/month/intra-monthly) Board Approval February 5, 2015 External BRS March 31, 2015 Tariff Filed: May 26, 2015 FERC Approved: October 1, 2015 CIRA Session 1 Fall 2016, MPs will use UIs Technical Specifications OASIS Session 2 Fall 2016 Draft Configuration Guides November 23, 2015 Session 2 October 21, 2015: Session 1 – Onsite w/Webinar, Full Day (combined w/ CPG Call) • Training Materials – posted SP & RP page on 10/19 External Training January 6, 2016: Session 2 - Onsite w/ Webinar option, Full Day • Training Materials – post 1/5 Page 55
Early 2016 – Capacity Procurement Mechanism Replacement (cont.) Milestone Details/Date Status November 9 – December 17, 2015: Session 1 , Structured • Scenarios – posted on Release Planning Page on 7/30/15 • Scenarios w/timeline – posted on RP page on 10/19 • CIRA User Guide – posted on RP page on 11/24 February 8 – March 11, 2016: Session 2 (Delayed 1 Month) • Structured Scenarios – posted on Release Planning page on 8/21/15 Market Simulation • Structured Scenarios: 2/9 – 2/26 (New) • Unstructured Scenarios: 2/26 – 3/11 (New) • SIBR Rules, Release Notes, Specs posted – 12/11 • CIRA User Guide – 1/18 (Updated) • 3-Day Onsite Market Simulation (Attendance Optional) 2/22 – 2/24 (Updated) 1/19/2016: Session 1 Production Activation 3/24/2016: Session 2 (Updated) 4/1/2016: Effective Date (Updated) Page 56
Early 2016 – Reliability Services Initiative (RSI) – 1A Milestone Details/Date CIRA: − Manage new NQC/EFC process request for resource types. This will impact both internal users and Market Participants − Manage Import Allocation (CPM Replacement initiative is covering this scope but is needed for this initiative) − Manage RA obligation (taking into consideration substitution capacity and replacement capacity as RA capacity) will impact RA, Settlements, market, and outage. The output of CSP will be needed − Publish RA Obligations externally − Display Comparative snapshot of DA/RT obligation (outages, energy bids, RA obligation). Display input of RAAIM calculations − Display SCP and CPM availability calculation output for historic trade dates − Creation of substitution rules for flexible resource adequacy resources − Modify existing DA/RT generic substitution rules − DA substitution timeframe shall change from 6 AM to 8 AM − Enable the release of substitute capacity for generic and flexible resources − Application Software Changes Allow imports to substitute for other imports and CAISO system resources. The RA obligation will be at a daily level − Use result of Pre-qualification analysis (the pre-qualification analysis is a manual process) for real time substitution validation − API for substitution and release functionality − Enable Generic CPM substitutions − Enable Flexible CPM substitutions − Build Submit & Retrieve APIs to support Substitutions (4 types) and release of sub capacity − Substitution will now be in CIRA − Addition of RAAIM exempt and planned outage exemption flag − Allow the outage correction process to exempt outage from RAAIM calculations up to 5 business days OMS: − Add 5 nature of work attributes and various validations − Remove SCP Exempt flag from display Page 57
Early 2016 – Reliability Services Initiative (cont.) – 1A Milestone Details/Date Status Masterfile: − Will store Use Limit Plan. There will be a new template (ULPDT – Use Limit Plan Data Template) RAAM: − Decommission RAAM Settlements: RAAIM (RA Availability Incentive Mechanism) NEW – replaces SCP for backstop. - Current SCP will retire with implementation of RAAIM. Will assess whether generic and flexible RA resources comply with MOO and better captures use limited resource Application Software Changes availability. - New charge code changes are needed for implementation of the RA Reporting: - Report on the effectiveness of the RAAIM results (1 year after implementation) (Deferred) Other: - Modification of Use Plan with new validation rules - LSE cost allocation methodology needs to automated. - Publish list of all available prequalification combinations Page 58
Early 2016 – Reliability Services Initiative (cont.) – 1A Milestone Details/Date Status Reliability Requirements - issued PRR #888 on 1/12/16 BPM Changes Outage Management - issued PRR #889 on 1/12/16 Billing & Settlements - issued PRR on 1/11/16 − Process to assign NQC values to NGR/PDR/DG resources − Process for PDR/NGR/DG testing Business Process − Process for RA Availability Incentive Mechanism (RAAIM). Must retire SCP business process flows. Changes − Modify DA/Real Time Substitution Process − Process for allocating year end unallocated RA Availability Incentive Mechanism (RAAIM) funds Board Approval March 26, 2015 External BRS March 31, 2015 Tariff Filed: May 28, 2015 FERC Approved: October 1, 2015 CIRA Session 2 Fall 2016, MPs will use UIs Masterfile Session 2 • posted tech spec 9/24 on Release Planning Page • Technical Specifications posted ULDT 9/11 to RP page • posted ULR documentation/ sample templates to RP page on 12/4 OMS Session 2 • posted tech spec 12/2 Draft Configuration November 23, 2015 Session 2 Guides Page 59
Early 2016 – Reliability Services Initiative (cont.) – 1A Milestone Details/Date Status October 21, 2015: Session 1- Onsite w/Webinar, Full Day (combined w/ CPG Call) • Training Materials – post 10/19 • NQC Template – posted RP page on 10/19 External Training January 6, 2016: Session 2 – Onsite w/ optional Webinar, Full Day • Training Materials – post 1/5 November 9 – December 17, 2015: Session 1 • Scenarios – posted on Release Planning page on 7/30/15 • Scenarios w/timeline – posted on RP page on 10/19 • CIRA User Guide – posted 11/24 February 8 – March 11, 2016: Session 2 (Delayed 1 Month) • Structured scenarios posted on Release Planning page on 8/21/15 • MF/OMS Market Sim inputs: 1/19 – 2/7 (New) Market Simulation • Structured Scenarios: 2/9 – 2/26 (New) • Unstructured Scenarios : 2/26 – 3/11 (New) • Scenarios – posted 8/21/15 on RP page • MF UI User Guide – 1/6 • OMS User Guide – embedded in application • CIRA User Guide – 1/18 (Updated) • 3-Day Onsite Market Simulation (Attendance Optional) 2/22 – 2/24 (Updated) 1/19/2016: Session 1 Production Activation 3/24/2016: Session 2 (Updated) 4/1/2016: Effective Date (Updated) Page 60
Early 2016 – CPM & RSI Announcements Important Announcements: – The ISO has updated Reliability Services Initiative (RSI) documentation to reflect the listed exemptions in section 40.9.2(b) of the filed RSI Tariff language, which includes exemptions for all resources that qualify as Variable Energy Resources and does not specifically mention solar and wind resource types. (New) – Notification for March 2016 RA process: To Be REVISED • This is to inform scheduling coordinators that customer interface for resource adequacy (CIRA) deployment to production on 1/12/16 has been delayed to 1/19/16. Please continue to use the existing RA plan template for March 2016 RA compliance month. The T-45 due date to submit RA/Supply plans for March compliance month in CIRA is 1/15/16. The Monthly CSP offers are due in CIRA by COB 1/22/16 for March RA compliance month. • Notification send from the 1/12/16 from RR mailbox • For more information/questions please submit a CIDI ticket. • CIRA R/O Access Disabled – For those with R/O access to CIRA: Your access will be disabled while we fix a system issue. If you need access in the interim, please contact your POC for R/W access to CIRA. You will be notified when your R/O access is re-activated. Page 61
Early 2016 – CPM & RSI Market Simulation Market Simulation, Session 2: RSI/CPM/CCE2 - Delayed to 2/8 Start Information : – Session 2 Market Sim delay 2 weeks to start 2/8 – 3/11/16. • Structured scenario testing will be 2/9 – 2/26 • Unstructured scenarios testing will be 2/26 – 3/11 – Advisory Statements - 1/19 – 1/22 (TBD) will be used by Settlements to issue sample Advisory Statements – All structured scenarios will remain the same, but their start dates will move out 1 week as follows: • RA Substitution (1B) – to start 2/9 • RAAIM Incentive, Penalty, Exemption (2B, 3B, 4B) – to start 2/15 • CPM Payments & Supplemental Revenue (6B, 7B, 8B) – to start 2/22 – Submission of OMS outages and ULPDT in preparation of Market Simulation is as follows: • OMS Outage submission – to start 1/19. MPs will need to submit new outages based on new start date of Market simulation. The requirement to submit outages at least seven business days prior to the start of the outage will be deactivated for market simulation. • ULPDT submission – to start 1/19. Market Notice to go out with more details. The requirement to upload the template at least five business days prior to the effective start date of the use limitation will be deactivated for market simulation. Page 62
Early 2016 – CPM & RSI Announcements Use Limited Plan templates: – Note Emergency PRR 868 was issued as an interim solution, and ask that you submit template via CIDI instead of email. Once RSI goes live, all templates will be submitted via Masterfile UI. – CAISO would not be copying over MF data from MAP Stage to Production Use Limited Plan Data Template Draft Timeline: – 1/19/16: Start of Market Sim for MF in MAP Stage – 3/11/16: End of Market Sim in MAP Stage (Updated) – 2/16/16 (tentatively): MPs to review eligibility checklist to determine their Use Limited flag setting (Y/N) and upload ULPDT based on following criteria: (Updated) • If no flag changes are required. MPs can upload their March ULPDT in MF into production environment • If flag changes are required, MPs will need to make the changes and wait until the MF runs and refreshes overnight. CAISO will approve the new flag setting within a day. MPs will be notified of approval via the normal process. • If CAISO rejects the current flag setting, MPs will need to fix the flag and wait for the MF to refresh. Note that ULPDT cannot be uploaded until the flag setting is approved. • The ULPDT will come into CAISO system as unapproved. CAISO will review and approve these templates on a first come, first served bases. • Nothing in Settlement is binding until 5/1/16 due to the two-month advisory period. Page 63
Early 2016 – CPM & RSI Onsite Market Simulation February 22 - 24, 2016: 3-Day Onsite Market Simulation, Session 2 Delayed 2 weeks The ISO will hold an OPTIONAL onsite market simulation for market participants in addition to the already scheduled market simulation session from 2/8 – 3/1/16. (New) Information : – Onsite market simulation for Session 2 will be 2/22 – 2/24/16 – 2/22 & 2/23 will be structured, and 2/24 will be unstructured – Mini-monthly Settlements statements are not available during the onsite market simulation, but are available for the 3-week offsite session – MPs need to bring their own laptops, because they have their certifications on them. – Please RSVP by 2/15 to the RR mailbox (reliabilityrequirements@caiso.com) Page 64
Early 2016 – Commitment Costs Phase 2 Milestone Details/Date Status For the Early Jan 2016 release , the project will • Clarify definition, qualifications, and requirements for use-limited resources • Implementation of the use limited definition (No longer applicable) • Implement revised must-offer rules • Application Software Changes Impacted Systems: • MF • SIBR CCE2 Early 2016 release implementation will be coordinated as part of the Reliability Services Initiative (RSI) project Board Approval Yes. March 26-27, 2015 Filed: May 28, 2015 Approved in Part: September 9, 2015 Tariff (FERC rejected the proposed revisions to the definition of “use limited resources”, but approved all other tariff revisions.) Market Operations (Use Plan) – issued PRR #887 on 1/11/16 BPM Changes Business Process Changes No External Business Requirements November 24, 2015 Technical Specifications No January 6, 2016: Session 2 – Onsite w/ optional Webinar, Full Day External Training • Training Materials – post 1/5 Draft Configuration Guides No February 8 – March 11, 2016: Session 2 (Delayed 2 week) Market Simulation Deployment Target - 3/24/2016 (Updated) Production Activation Effective Date – 4/1/2016 (Updated) Page 65
Early 2016 – Post Implementation OMS Enhancements Milestone Details/Date Status OMS Enhancements project will implement the following functionalities: • Transmission Outage Report Enhancements • Manage Broadcast Status Update (deferred until Fall 2016) • Manage RetrieveResourceOutage API - add Invalid and Inconsistent flags • The API will be backwards compatible. OMS will support both V1 and V2 of B2B submit and retrieve outage API. The same applies to the transmission outage API as well. • System change to validate the "ChangeThreshold" only at time of submission of a change request, and allow change request to be accepted or rejected at any time. Application Software Changes The project is also addressing the backlog of known issues. Other roadmap items (Substitutions, Additional Natures of Work, and Removal of SCP exempt flag/Inclusion of RAAIM exempt flag) will be part of the Reliability Services Initiative (RSI) project. The implementation will impact the following systems: • Outage Management System (OMS) • Market Systems (IFM/RTN) • EMS • CIRA • Settlements Page 66
Early 2016 – OMS Enhancements (Continued) Milestone Details/Date Status N/A Board Approval No tariff changes are anticipated for this initiative Tariff No business process changes are anticipated for this initiative Business Process Changes External Business Requirements BRS Target Posting Date: Sep 18, 2015 Technical Specifications Tech Specs Target Posting Date: Sep 30, 2015 Outage Management, and Market Operations BPMs will be updated BPM Changes by the end of January 2016 TBD External Training N/A Draft Configuration Guides Unstructured – Feb 8 to March 11, 2016 Market Simulation Deployment – March 24, 2016 Production Activation Activation Date – April 1, 2016 SLIC Decommissioning Disable external SLIC API and UI access: January 15, 2016 Page 67
2016 – Application Identity Management (AIM) Enhancements Milestone Details/Date Status Application Software Changes AIM: Adding endorsed user functionality BPM Changes None Business Process Changes Manage Operations Support & Settlements Board Approval N/A External Business Requirements N/A Technical Specifications N/A Draft Configuration Guides N/A External Training 12/1/2015 Tariff N/A Endorsed user functionality – February 10, 2016 Production Activation Activation will not cause any loss of access to production data Page 68
2016 – Expanding Metering and Telemetry Options Phase 2 Milestone Details/Date Status Distributed Energy Resource Provider (DERP) Agreement: 1. General functions of the DERP, • Offer Energy and AS: aggregated resources in Sub-Lap • Provide ISO with accurate Information • Responsible for operating and maintain DER 2. Specify data concentrator functionality for real time monitoring, control and after the fact metering data • disaggregate ISO signals to sub-resources; obtain a resource response Application Software Changes • aggregate sub-resource operational and settlement meter data within a sub-Lap 3. Define the provision of technical and operational information to the ISO , • metering and communications requirements, • submission of economic bids and self-schedules and • provision of ancillary services 4. Identify responsibility for fulfilling the terms of the agreement • penalties and sanctions, cost responsibility, dispute resolution, representations and warranties, liability, uncontrollable forces and other miscellaneous terms BPM Changes Metering, Direct Telemetry Revised straw proposal May 12, 2015 Draft final proposal June 10, 2015 Board Approval July 16, 2015 External Business Requirements N/A Updated BPMs February 1, 2016 Technical Specifications N/A Draft Configuration Guides N/A Tariff filing Draft language posted, Stakeholder discussions began October 1, 2015 Production Activation April 1, 2016 Page 69
2016 – Demand Response Registration Enhancements Milestone Details/Date Status Enhance Demand Response Registration functionality and processes Develop new registration user interface for DRRS Application Software Changes Develop new APIs for support of enhanced registration processes • CPG meeting (business process) on January 25, 2016 - complete BPM Changes Metering; Settlements & Billing Business Process Changes Automation of internal registration-related processes Board Approval N/A June 4, 2015 External Business Requirements Clarified, July 3, 2015 Technical Specifications September 18, 2015 Draft Configuration Guides N/A March 21 – 23 User Training March 23 – April 13, 2016 Market Simulation Tariff N/A Production Activation April 28, 2016 Page 70
2016 – RIMS Functional Enhancements Milestone Details/Date Status Functional enhancements resulting from the Customer Partnership Group CPG. Application Software Changes More details to be provided in the future. Generator Interconnection and Deliverability Allocation Procedures Generator Interconnection Procedures Managing Full Network Model BPM Changes Metering Generator Management Transmission Planning Process Business Process Changes N/A Board Approval N/A External Business Requirements N/A Updated BPMs N/A Technical Specifications N/A Draft Configuration Guides N/A Customer Partnership Group 10/16/15 Tariff N/A App & Study – March 8, 2016 Production Activation Generation, Transmission and Queue Management - July 29, 2016 Page 71
2016 – Year 1 Enhancements 2015 - Available Balancing Capacity Milestone Details/Date Status SIBR : EIM Participating Resources to include their assigned Regulation capacity in their Energy Bids submitted to the EIM. RTM : • The market will not dispatch this capacity, unless it is required to resolve a power balance infeasibility in an EIM BAA. • Formulate the solution so that the energy from the Regulation dispatch is consumed Application Software Changes within the BAA and does not exit through the EIM Transfer; • Regulation should only be dispatched to the extent necessary to resolve power balance infeasibility; it should not be used to displace other capacity made available in the BAA for EIM participation. • If the infeasibility persists after dispatching all available Regulation, the price will be set at the applicable administrative price. Board Approval N/A Approved on December 17, 2015. ISO requested waiver to go-live no later than March 1, 2016. Tariff http://www.caiso.com/Documents/Dec17_2015_OrderAcceptingComplia nceFiling_AvailableBalancingCapacity_ER15-861-006.pdf BPM Changes EIM BPM Draft changes due January 27, 2016 Business Process Changes N/A External Business Requirements Please see Draft EIM BPM changes. Technical Specifications N/A External Training N/A Draft Configuration Guides Implemented with Year 1 Enhancements Fall 2015 Release Market Simulation N/A Production Activation February 16, 2016 Page 72
2016 – Bidding Rules Enhancements – Part A Milestone Details/Date Status This initiative combines consideration of energy and commitment cost bidding rules to refine and improve alignment between these rules. This initiative will review the ISO’s current rules for energy and commitment cost bidding flexibility and resource characteristics definitions. This initiative will balance the benefits of allowing market participants to reflect actual costs through increased bid flexibility against the increased potential for inefficient market outcomes by inappropriately changed bid prices. This phase of the bidding rules enhancements will only focus on resolving the market efficiency caused by rerating the Minimum Load Cost (MLC) Application Software Changes where the ISO is committing less economic resources. DAM/RTM : Change of minimum load cost (MLC) calculation. Calculate the actual Minimum Load Costs (MLC) based on the heat rate of the resource using a DEB integration method where the incremental DEB costs are added to the master file minimum load costs at the re- rated Pmin level. Support hourly MLC in optimization engine. Support rules for handling multiple Pmin rerates within same hour. This shall also apply to MSG resources per configuration. BPM Changes Market Operations Business Process Changes N/A Board Approval February 2016 External Business Requirements February 5, 2016 Technical Specifications TBD Draft Configuration Guides TBD Market Simulation TBD Tariff Yes Production Activation May 1, 2016 Page 73
Fall 2016 – BAL-003 Compliance Milestone Details/Date Status ISO expected Frequency Response Obligation (FRO): 752 MW or 258 MW/0.1Hz Phase 1: • Revise Tariff to include requirements for all participating synchronous generators with governor controls Application Software Changes • Develop “look - ahead” tool to assess PFR capability and anticipated deficiency • Revise Tariff require Contingency Only Reserve • Include frequency response performance requirement for the resources • Allocate any non-compliance penalties associated with BAL-003-1 BPM Changes Yes - TBD Business Process Changes TBD 3/24 – 3/25/16 (Updated) • Draft Final Proposal due 2/2/16 (Updated) Board Approval • Stakeholder call is 2/9/16 (New) • Stakeholder comments due 2/16/16 (New) External Business Requirements TBD Technical Specifications TBD Draft Configuration Guides TBD Market Simulation TBD Tariff Yes Production Activation Fall 2016 Page 74
Fall 2016 – Reliability Services Initiative Phase 1B Milestone Details/Date Status • Default flexible qualifying capacity provisions for phase 2 consideration (we might need data collection performed in order to support RSI Phase 2 • Redesign of Replacement Rule for System RA and Monthly RA Process • RA Process and Outage Rules for implementation for 2017 RA year • Scope not delivered in RSI Phase 1A (Grandfathered Contracts, RAAM Decommissioning – SCP & CPM screens from RAAM to CIRA, Acquired Application Software Changes Contracts, OASIS reporting, web services related to APIs for CSP offers, APIs for Generic/Flex Substitutions, and Release of Generic/Flex Subs – UI & API) • Impacted Systems: • CIRA • OMS • Integration Board Approval March 26, 2015 Tariff TBD Outage Management – September 8, 2016 BPM Changes Reliability Requirements – September 8, 2016 Business Process Changes Manage Market & Reliability Data & Modeling External Business Requirements March 2016 Technical Specifications Yes External Training Yes Draft Configuration Guides Yes July 5 – July 29, 2016 Market Simulation Production Activation Fall 2016 Page 75
Fall 2016 – Flexible Ramping Product Milestone Details/Date Status • RTD/FMM – Add FRU/FRD awards and prices, modify the objective function, add System and BAA FRP requirement, add resource constraints • SIBR – No FRP bidding allowed, no FRP self-provision • CMRI – Publish the resource FRP awards and prices, 5 minute movement allocation Application Software Changes • OASIS – Publish the min and max FRU and FRD requirements, confidence band demand curve and shadow price for each BAA and the EIM area, Publish the movement allocation per category • Settlements – Financially settle in both the RTD and the FMM BPM Changes Market Instruments, Market Operations, Settlements & Billing Manage operations Support and Settlements, Support Business Services, Support Business Process Changes Customers & Stakeholders • Updated Technical Appendix posted November 11 th • Market Participant workshop completed November 18th Board Approval • Revised Final draft proposal published December 17th • Board: February 2016 External Business Requirements TBD Technical Specifications TBD Draft Configuration Guides TBD Market Simulation TBD Tariff TBD Production Activation Fall 2016 implementation Page 76
Fall 2016 – BCR Modifications and VER Settlements Details/Date Milestone Status Policy Topics: • Ramp rate for variable energy resources. • Residual imbalance energy settlement for economic bidding variable energy resources. Proposed scope • Persistent deviation metric applied to variable energy resources. • Default energy bids for economic bidding variable energy resources. • Day-ahead metered energy adjustment factor. • Tariff clarifications following market issues bulletin. Market Operations (System Operations), Settlements and Billing BPM Changes July, 2015 Board approval Posted January 4, 2016 on Release Planning page External Business Requirements July 5 – July 29, 2016 Market Simulation TBD Technical Specifications TBD Draft Configuration Guides TBD Tariff Filing Day-Ahead (DA) Metered Energy Adjustment Factor changes, and Production Activation Residual Imbalance Energy (RIE) changes Fall 2016 Page 77
Fall 2016 – Bidding Rules Enhancements – Part B Milestone Details/Date Status Through this initiative the ISO will evaluate the following: 1) unrestricted flexibility of resources to change energy bid prices between the day-ahead and real-time Application Software Changes markets, and across real-time hours; 2) restrictions on commitment cost changes between and within the day-ahead and real-time markets; and 3) verification of generator resource characteristics. BPM Changes TBD Business Process Changes TBD Board Approval March 2016 (Order 809 July, 2015 Board, No change for IFM timing) External Business Requirements TBD Technical Specifications TBD Draft Configuration Guides TBD Market Simulation TBD Tariff TBD Production Activation TBD Page 78
Fall 2016 – Energy Storage and Distributed Energy Resources (ESDER) Policy Details/Date Milestone Status 2015 scope: 1. NGR model enhancement: a. Update documentation on NGR to ISO BPMs to capture material and clarifications b. Clarify how the ISO uses state of charge in market optimization. c. Allow initial state of charge as a submitted parameter in the day-ahead market. d. Allow option to not provide energy limits or have ISO co-optimize an NGR based on state of charge 2. PDR/RDRP enhancement: Proposed scope a. Support alternative performance evaluation method: MGO b. Support Baseline Type-II 3. Multiple use applications: a. DERA provides services to distribution system and wholesale market b. DERA provides services to end-use customers and wholesale market Include provisions: 1. Daily SQMD for DERA; 2. Settle DERA deviation through UIE; 3. Not address potential double payment; 4. No limitation DERA for distribution system; 5. treat PDR/RDRR as serve end-use and wholesale market. BPM Changes Multiple BPMs. Proposed scope May 13, 2015, June 25, 2015 Revised straw proposal September 17, 2015 Policy proposal Draft Final proposal Nov 2 nd , 2015 Board approval Feb 2016 External Business Feb, 2016 Requirements Technical Specifications TBD Tariff filing TBD Production Activation TBD, tentatively Fall 2016 Page 79
Fall 2016 – Commitment Cost Enhancements Phase 3 Milestone Details/Date Status 1. Clarify registration process and documentation to determine opportunity costs 2. Each submission evaluated on a case-by-case basis to determine if the Application Software ISO can calculate opportunity costs • Changes ISO calculated; Modeled limitation • Market Participant calculated; Negotiated limitation 3. Enhanced definition of “use - limited” in response to FERC’s rejection of the proposed definition in Cost Commitment Enhancements Phase 2 BPM Changes Market Instruments Level II – Manage Reliability Requirements Business Process Changes Level II – Manage Day Ahead Market Board Approval March 2016 External Business TBD Requirements Technical Specifications TBD Draft Configuration Guides TBD Market Simulation TBD Tariff TBD Production Activation Fall 2016 Page 80
Fall 2016 – Acceptable Use Policy – CMRI Milestone Details/Date Status Scope includes enforcement of Acceptable Use Policy for CMRI services to support Application Software Changes the full implementation of 1 call per service per identity (as designated by certificate) every 5 seconds. BPM Changes N/A Business Process Changes N/A Board Approval N/A External Business Requirements N/A Updated BPMs N/A System Access Document N/A Draft Configuration Guides N/A July 5, 2016 – July 29, 2016 Market Simulation Tariff N/A Production Activation October 1, 2016 Page 81
Fall 2016 – OMAR Replacement Milestone Details/Date Status The scope of the project is to replace the current OMAR Online application with a new CUI framework based interface and provide standard B2B web services integration. B2B services will be modified to align with CIM standard and to convert to GMT, and the existing FTP solution will be replaced. The new solution will also remove the custom Application Software Changes OMAR certificates by leveraging the CAISO Multiple Application (CMA) certificates. • Targeted API review sessions to scheduled for February • API integration targeted for testing in April, in time for unstructured market sim • UI delivery targeted for end of May, with active CPG involvement BPM Changes Metering and Definitions & Acronyms (references to systems may need to change) Potential Level-II business process changes under – • Business Process Changes Manage Market & Reliability Data & Modeling • Manage Operations Support & Settlements Potentially needed – Dates TBD Board Approval External Business Requirements Date TBD OMAR Online Replacement – December 21, 2015 Technical Specifications Draft Configuration Guides N/A Market Simulation Date TBD Tariff N/A Production Activation Fall 2016 Page 82
Fall 2016 – PIRP System Application Decommissioning Details/Date Status Milestone Transition PIRP Hour-Ahead/Day-Ahead forecast reports and associated APIs to the CMRI system. Application Software Changes Will post corresponding artifacts as they become available. BPM Changes CMRI Technical Specification; New APIs will be described. Business Process Changes MPs will receive the VER reports from CMRI rather than PIRP. Board Approval N/A External Business Requirements 28 August, 2015 Updated BPMs N/A July 5 – July 29, 2016 Market Simulation Technical Specifications March 2016 Draft Configuration Guides N/A Customer Partnership Group N/A Tariff N/A Production Activation Fall 2016 Page 83
Fall 2016 – Post Implementation OMS Enhancements Milestone Details/Date Status OMS Enhancements project will implement the following functionality: • Manage Broadcast Status Update The implementation will impact the following systems: • Application Software Changes Outage Management System (OMS) • Market Systems (IFM/RTN) • EMS • CIRA • Settlements BPM Changes TBD Business Process Changes Yes Board Approval N/A External Business Requirements BRS Posting Date: Sep 18, 2015 Technical Specifications Tech Specs Posting Date: Sep 30, 2015 Draft Configuration Guides N/A Market Simulation Dates - TBD Tariff N/A Production Activation Fall 2016 Page 84
Fall 2016 – EIM Year 1 Enhancements Phase 2 Milestone Details/Date Status • EIM transfer limit congestion treatment: (MF, RTM, EIM transfer congestion component by BAA share) • Dynamic competitive assessment for market power mitigation of EIM transfer limits: Application Software Changes (IFM/RTM, LMPM configuration) • Use of e-tags to establish base schedule for import and export: (BSAP, EIM entity submit base schedule) • Outage reporting to Peak Reliability Coordinator (OMS, service provide to EIM entity) BPM Changes Energy Imbalance Market, Settlements and Billing Business Process Changes Manage market and grid, Manage operations support and Settlements Board Approval November 5-6, 2015 External Business Requirements February 5, 2016 Technical Specifications TBD Draft Configuration Guides TBD July 5 – July 29, 2016 Market Simulation Tariff Yes Production Activation Fall 2016 Page 85
Fall 2016 – EIM APS Milestone Details/Date Status Application Software Changes Implementation of Arizona Public Service as an EIM Entity. EIM BPM will be updated to reflect new modeling scenarios identified BPM Changes during APS implementation and feedback from APS. Business Process Changes N/A Board Approval N/A External Business Requirements N/A Technical Specifications No changes expected Draft Configuration Guides No changes expected ISO to promote market network model including APS area to non- production system and allow APS to connect and exchange data in Market Simulation advance of Market Simulation by 3/2/16. July 5 – July 29, 2016 August 1 – September 30, 2016 Parallel Operations Tariff N/A Production Activation 10/1/16, Fall 2016 Release Page 86
Fall 2016 – EIM PSE Milestone Details/Date Status Implementation of Puget Sound Energy as an EIM Entity. WebOMS - Provide Balancing Authorities with the ability to submit Application Software Changes outages to WebOMS and the ability to submit PeakRC through their Coordinated Outage Scheduling System (COS). BPM Changes EIM BPM will be updated based on feedback from PSE. Business Process Changes N/A Board Approval N/A External Business Requirements N/A Technical Specifications No changes expected Draft Configuration Guides No changes expected ISO to promote market network model including PSE area to non- production system and allow PSE to connect and exchange data in Market Simulation advance of Market Simulation by 3/2/16. July 5 – July 29, 2016 August 1 – September 30, 2016 Parallel Operations Tariff N/A Production Activation 10/1/16, Fall 2016 Release Page 87
TBD – ADS UI Replacement Milestone Details/Date Status Port client from Delphi to new common user interface (ADS Query Tool and Real Application Software Changes Time Functionality) BPM Changes N/A Business Process Changes N/A Board Approval N/A External Business Requirements N/A Updated BPMs N/A Technical Specifications N/A Draft Configuration Guides N/A Market Simulation TBD Tariff N/A Production Activation TBD Page 88
TBD – Stepped Constraints Milestone Details/Date Status The ISO market applies stepped penalty prices to certain constraints in the market: (1) the power balance constraint, (2) transmission constraints, and Application Software Changes (3) energy imbalance market transfer constraints, These changes would apply different penalty prices for infeasibilities depending on the level of constraint relaxation or potentially other criteria Stakeholder process will be started in late 2015, Board on March Board Approval 2016 Tariff TBD BPM Changes Yes Business Process Changes N/A External Business Requirements Yes Technical Specifications N/A External Training N/A Draft Configuration Guides N/A Market Simulation N/A Production Activation TBD Page 89
2017 – Reactive Power Requirements and Financial Compensation Milestone Details/Date Status 1. Replace the current system impact study approach applied in assessment of reactive requirement for asynchronous resources with a uniform requirement for Application Software Changes asynchronous resources. 2. Set up rules for reactive power financial compensation for all resources. BPM Changes TBD Revised Straw Proposal posted October 8 th , 2015 Final proposal scheduled on Nov 12 th , 2015 (still under review) Proposal Project on hold pending outcome of FERC Notice of Proposed Rulemaking (NOPR) updates Board Approval TBD External Business Requirements TBD Updated BPMs TBD Technical Specifications TBD Draft Configuration Guides TBD Market Simulation Yes Tariff Yes Production Activation Fall 2017 Page 90
Fall 2017 – Contingency Modeling Enhancements Milestone Details/Date Status • IFM/RTN : Adds a preventive-corrective constraint to the market co- optimization • OASIS/CMRI: Publish preventive-corrective capacity awards with associated Application Software Changes LMPC • Settlements: Payment and charges for corrective capacity awards, allocation of cost of the corrective capacity constraint, no-pay provisions, bid cost recovery Manage Full Network Model, Market Operations, Market Instruments, Settlement BPM Changes and Billing, Definitions and Acronyms 3 rd Revised Straw Proposal posted November 20, 2015 Study Results Stakeholder Straw Proposal review completed December 10, 2015 Board Approval June 2016 External Business Requirements TBD Technical Specifications TBD Draft Configuration Guides TBD Market Simulation TBD File Tariff TBD Production Activation Fall 2017 Page 91
Policy Update Brad Cooper Manager, Market Design and Regulatory Policy Page 92
Ongoing policy stakeholder initiatives • Contingency modeling enhancements – Conducting prototype analysis – CRR alternatives paper posted on Jan 27 – Market surveillance committee on Feb 11 – Prototype analysis posted on Feb 24 – Stakeholder meeting on prototype results March 3 – Fourth revised straw proposal posted on March 23 – Stakeholder meeting on March 30 – June 2016 Board, Fall 2017 implementation Page 93
Ongoing policy stakeholder initiatives (continued) • Bidding rules – Minimum load rerate going to Feb board for Spring implementation – Draft final proposal posted on Feb 9 – Stakeholder meeting on Feb 22 – March board, Fall 2016 implementation – Likely phase 3 of initiative for some items • Commitment Cost Enhancements – Phase 3 – Draft final proposal posted on Feb 18 – Stakeholder Call on Feb 25 – Technical appendix posted on March 2 – March Board, Fall 2016 implementation Page 94
Ongoing policy stakeholder initiatives (continued) • Reactive power and financial compensation – Suspended until FERC NOPR concludes • Frequency response – Draft final proposal posted on Feb 2 – Stakeholder call on Feb 9 – March Board Page 95
Ongoing policy stakeholder initiatives (continued) • Flexible resource adequacy criteria and must-offer obligation – phase 2 – Revised Straw Proposal posted on Feb 11 – Stakeholder call on Feb 25 – Draft Final Proposal posted on Apr 14 – Stakeholder call on Apr 28 – June 2016 Board, Fall 2017 implementation • Reliability services – phase 2 – Draft Final Proposal posted on Jan 26 – Stakeholder call on Feb 2 – May have another proposal iteration if needed – June 2016 Board, Fall 2017 implementation Page 96
Ongoing policy stakeholder initiatives (continued) • Two-tier allocation of real-time bid cost recovery uplift – Received stakeholder comments on issue paper on Jan 15 – Reviewing comments and developing schedule • Regional resource adequacy – Straw Proposal posted on Feb 17 – Stakeholder meeting on Mar 2 – June 2016 Board meeting • Regional transmission access charge structure – Straw proposal to be posted on Feb 8 – Stakeholder meeting on Feb 26 – June 2016 Board meeting Page 97
Policy stakeholder initiatives coming soon • Planned to start 2016 Q1 – CRR clawback rule modifications – Stepped transmission constraints – Regional integration CA greenhouse gas compliance – Metering rules enhancements (formerly metering rule updates) – Energy storage and distributed energy resources (ESDER) phase 2 • Planned to start 2016 Q2 – Transitional implementation items Page 98
Stakeholder initiatives going to the Board for approval Initiative Board Presentation Energy storage and distributed energy February resources (Phase 1) Flexible ramping product February Bidding rules February, March Commitment Cost Enhancements – Phase March 3 Frequency response March Contingency modeling enhancements June Regional resource adequacy June Regional TAC structure June Reliability services – phase 2 June FRACMOO – phase 2 June Page 99
Pricing Corrections Update Jim McClain Lead Market Design Specialist Market Settlement Quality and Control Yu Wan Senior Market Settlement Engineering Specialist Market Settlement Quality and Control Slide 100
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