September 6, 2018 Disclaimer for Customer Training: ISO New England (ISO) provides training to enhance participant and stakeholder understanding. Not all issues and requirements are addressed by the training. Consult the effective Transmission, Markets and Services Tariff and the WebEx Broadcast relevant Market Manuals, Operating Procedures and Planning Procedures for detailed information. In case of a discrepancy between training provided by ISO and the Tariff or Procedures, the meaning of the Tariff and Procedures shall govern. Settlements Forum 2018 Q3 Rachel Likover Jin Hua Thian Andy Nosack Market Analysis & Settlements ISO-NE PUBLIC 1 ISO-NE PUBLIC
Topics opics Implemented Market Changes • Price Responsive Demand • External Transaction Flexibility • Forward Capacity Market Performance Incentives • Capacity Scarcity Conditions Ask ISO Topics • New Platform • Frequently Asked Questions Informational Items • Website Tour • Meeting Dates ISO-NE PUBLIC 2
Implemented Market Changes • Price Responsive Demand • External Transaction Flexibility • Forward Capacity Market Performance Incentives – Capacity Scarcity Conditions ISO-NE PUBLIC 3 ISO-NE PUBLIC
Fully Integrated Price Responsive Demand (PRD) Implemented June 1, 2018 Joint ISO-NE/NEPOOL Filing Joint ISO-NE/NEPOOL FERC Filing • Full integration of active demand response into the energy ER11-4336-000 and reserves markets ER15-257-000 • For details about settlement mechanics and demand response ER16-167-000 resource requirements, see Q1 2018 forum materials ER17-2164-000 Links to FERC filings in .pdf version. See this project’s web page: • Customer Readiness page ISO-NE PUBLIC 4
External Transaction Flexibility September 1, 2018 ISO to provide additional functionality in the Enhanced Energy Scheduling (EES) application Markets Committee Notification • EES is used to submit external transactions • Participants will be able to submit day-ahead March 6, 2018 Meeting external transactions with prices that vary by hour Currently, a transaction can only have one price. Added functionality will allow Participants with varying hourly prices submit participants to submit one unique transactions for each individual hour. transaction with varying prices. ISO-NE PUBLIC 5
Forward Capacity Market (FCM) – Performance Incentives Implemented June 1, 2018 Joint ISO-NE/NEPOOL Filing Joint ISO-NE/NEPOOL FERC Filing Implement pay for performance design ER14-1050-000 • For details about performance score determination, ER14-1050-001 see Q4 2017 forum materials ER14-2419-001 • For details about stop-loss mechanism and capacity performance bilaterals, see Q1 2018 forum materials Links to FERC filings in .pdf version. Watch a short video introduction to the FCM performance incentives. See this project’s web page: • Customer readiness page ISO-NE PUBLIC 6
Forward Capacity Market (FCM) – Capacity Scarcity Conditions (CSC) First CSC Occurrence * Preliminary MIS Reports • Labor Day – September 3, 2018 SD_FCMPFPACPPRELIM FCM PFP Actual Capacity Settlement Events for CSC ** Provided • Preliminary reports, for information only, SD_FCMPFPSCOREPRELIM FCM PFP Capacity Performance Score issued in September ‒ Actual Capacity Provided, Performance Score Settlement MIS Reports • Settlement MIS reports issued in October SD_FCMPFPACP FCM PFP Actual Capacity ‒ Actual Capacity Provided, Pay for Performance, SD_FCMPFPSCORE FCM PFP Capacity Performance Bilaterals Score ‒ Part of regular FCM settlement report release • May be revised from preliminary information SD_FCMPFPCPSBT FCM PFP Capacity Performance • FCM Monthly Billing Score Bilateral Transactions ‒ September FCM will be billed October 15, 2018 SD_FCMPFPRESPYMT FCM PFP Resource Payments * Based on preliminary pricing information ** These settlement events will take place assuming CSC confirmed in finalized pricing ISO-NE PUBLIC 7
Ask ISO Topics • New Platform • Frequently Asked Questions ISO-NE PUBLIC 8 ISO-NE PUBLIC
Ask ISO Got a Makeover! https://askiso.force.com/ Implemented: August 27, 2018 Ask ISO Improvements: • Updated customer support tool • Better communication with customers and stakeholders • Access with username & password ‒ If you represent more than one customer, you can submit questions for any of them under single account* For first time use…make sure that: • Your CAMS Security Administrator confirmed your email and phone information Forgot your password? link • You create an Ask ISO user account via: ‒ Link found in the welcome email you received from custserv@iso-ne.com Links to additional materials: ‒ Use “Forgot your password?” link on the Ask ISO login • ISO Newswire announcement page to get a new link • Ask ISO Customer Readiness page • Ask ISO User Guide * The Security Administrator must use the same email in CAMS for each of the “person” profiles. ISO-NE PUBLIC 9
Common Ask ISO Topics ❶ Expenses associated with various activities ❷ Forward Reserve Market – Failure to Reserve Penalties ❸ Divisional Accounting – Forward Capacity Market reporting ISO-NE PUBLIC 10
❶ What expenses can my company incur from various activities? https://www.iso-ne.com/participate/support/faq/oatt-iso-tariff • Guide to OATT Tariff Charges • Guide to ISO New England Funding Mechanism Charges Activity OATT Schedule 1 OATT OATT OATT OATT Schedule 2 Schedule 8 Schedule 9 Schedule 16 RNS TOUT VAR TOUT RNS Black Start Regional network load X X X X External transaction X X X through* External transaction X X X export* Disclaimer: This is only a list of potential expenses for market activities. Not intended to serve as a complete list. ISO-NE PUBLIC 11
❶ What expenses can my company incur from various activities? https://www.iso-ne.com/participate/support/faq/oatt-iso-tariff • Guide to OATT Tariff Charges • Guide to ISO New England Funding Mechanism Charges Market Activity ISO ISO Schedule 2 ISO Schedule 3* ISO Schedule 1* Schedule 5 RNS TOUT VMs TUs Virtual TUs Virtual TUs FTRs FTRs NCP Load Exports RNS Submitted Cleared Submitted Cleared Obligation X X Regional network load External X X transaction through External X X X X transaction export Disclaimer: This is only a list of potential expenses for market activities. Not intended to serve as a complete list. ISO-NE PUBLIC 12
❷ My company has a cleared Forward Reserve obligation from the Forward Reserve Auction. Why did we receive Failure to Reserve Penalties on day MM/DD/YY? Consider the following: • Were assets assigned to meet Forward Reserve Obligations? To avoid the Forward • Were assets bid above the Forward Reserve Threshold Price? Reserve Failure-to-Reserve • Was the assigned asset offered as Fast Start? penalties, either: • Was the asset’s availability affected in real -time? • Assign another unit to take on Failure to cover the obligation will be assessed the obligation • Cover the obligation via a failure to reserve penalties in accordance to bilateral transaction Market Rule 1 Section 9.7.1. ISO-NE PUBLIC 13
❸ Why aren’t our Forward Capacity Market (FCM) resources being mapped to a subaccount? • FCM Resources are distinct from Energy Market assets ‒ Financial responsibility is set up differently in the markets • Lead Market Participant may be different entity for FCM and Energy Market Relationship between generating units in the FCM and Energy Market Energy Market Asset “Lead Market Participant ” FCM Resource Submits Supply Offers “Lead Market Participant ” “Designated Entity” All Activities for Resource Receives Dispatch Instructions Auctions, FA, Settlement “Ownership Share” Right to share of settlement ISO-NE PUBLIC 14
❸ Why aren’t our Forward Capacity Market (FCM) resources being mapped to a subaccount? One-one relationship: One-multiple relationship: Example 1 Example: FCM Resource Energy Asset Energy Asset (ID: 111) (ID: 111) (ID: 5001) FCM Resource (ID: 500) Example 2 Energy Asset (ID: 5002) FCM Resource Energy Asset (ID: 222) (ID: 4001) Note: Relationships between FCM resources and energy assets for Demand Response: • Active Demand Capacity Resource (FCM) Demand Response Resource (energy asset) • Seasonal and On-Peak Resources (FCM) only; no energy asset ISO-NE PUBLIC 15
❸ Why aren’t our Forward Capacity Market (FCM) resources being mapped to a subaccount? Subaccount setup: • Two entity types: Generation Unit vs Generation Resource ‒ Only the Energy Asset is mapped to a subaccount. ‒ The FCM Resource is still mapped to the default account. Cust ID Name Subaccount Subaccount Entity ID Entity Entity Type Date Date ID Name Name Effective Expires 25 Cust25 25H 25_Hydro 3000 Hydro1 Generating Unit 6/1/2018 25 Cust25 Default Default 3000 Hydro1 Generating Resource 6/1/2018 Remember: FCM Resources and Energy Assets are separate entities Both the FCM resource and Energy Asset must be mapped to the proper subaccount. • For more information, view the Divisional Accounting materials online ISO-NE PUBLIC 16
Informational Items • Website Tour! • Settlements Forum Dates • Questions & Discussion ISO-NE PUBLIC 17 ISO-NE PUBLIC
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