IESOTP 299-3b RT-GCG Cost Recovery Framework Status Update to TP September 13, 2016
Agenda 1. Rationale for Program Change 2. Engagement Timeline 3. Planned Maintenance 4. Market Rules Timeline and Next Steps 2
Rationale for Program Change • Current RT-GCG Program untenable – Results from past GCG audits showed fundamental issues with participants interpreting market rules, cost eligibility and transparency • New cost recovery framework for the Real Time Generation Cost Guarantee (RT-GCG Program) • Will create a better understanding of incremental costs eligible to be submitted for recovery under the program and reduce the scope and frequency of audits • Pre-approved cost values and methodologies reviewed at least every three years 3
Engagement Timeline • Series of regular stakeholder meetings from October 2015 to July 2016 – Consultations will continue until at least end of year • Consultation at each stage of development from a conceptual proposal to determined values – Supported by data – Clear principles and criteria for determination of eligible costs – All details of design, market rules and market manual content have been developed through engagement and presented to Technical Panel 4
Planned Maintenance • Between June 7 and June 28, all Program participants were asked to provide information and appropriate supporting documentation relating to planned maintenance. • Once information provided to the IESO, one-on- one meetings scheduled for the IESO (and technical consultants) to discuss the information provided and ensure a common understanding of the scope, schedule, drivers and costs for planned maintenance activities included in participant’s cost submissions. 5
Planned Maintenance • 5 of 14 participants provided required data by early July, and IESO and consultants met with them in early August • IESO received data from another 4 participants and met with them late August/early September • IESO waiting for data from remaining 5 participants • IESO cannot finalize pre-approved values until after rules are approved 6
Review of Proposed Market Rule Amendment • April 26 TP meeting – Introduced proposed market rule amendment and presented draft rule language • May 31 TP meeting – Incorporate Panel feedback and presented rule amendment proposal – Presented details of proposed market manuals in response to the Panel’s request – Majority of Panel voted in favour to post for stakeholder comment • August 9 TP meeting – Responded to feedback from stakeholders and presented proposed rule changes – TP members raised issues concerning: • Stakeholder interest in providing input on Planned Maintenance • Specific market manual language – Vote to recommend to Board deferred to September 13 TP meeting 7
Next Steps • September 13 TP – Proposed market rule amendment is substantively unchanged since August 9 TP • Minor changes to market rule amendment to ensure it is clear that the rules take precedence over the manuals – Vote to recommend to IESO Board for Approval – IESO will inform Panel once manuals are posted for comment – IESO will review market manual content through RT- GCG stakeholder engagement prior to posting 8
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