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FERC Technical Conference July 14, 2004 MISO-PJM-TVA Alain Steven Vice President and CTO PJM Interconnection PowerPoint PPT Presentation


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FERC Technical Conference July 14, 2004 MISO-PJM-TVA Alain Steven Vice President and CTO PJM Interconnection. Joint and Common Market What is it?. A single transparent energy market covering the collective regions Coordinated, security-constrained, bid-based economic dispatch solution

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FERC Technical Conference July 14, 2004 MISO-PJM-TVA Alain Steven Vice President and CTO PJM Interconnection

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Ferc technical conference july 14 2004 miso pjm tva alain steven vice president and cto pjm interconnection

FERC Technical Conference

July 14, 2004

MISO-PJM-TVA

Alain Steven

Vice President and CTO

PJM Interconnection


Joint and common market what is it

Joint and Common MarketWhat is it?

  • A single transparent energy market covering the collective regions

  • Coordinated, security-constrained, bid-based economic dispatch solution

  • Coordinated Planning

  • Common rules


Joint and common market four phases

Joint and Common MarketFour Phases

  • Phase 1: Coordination of operations to ensure proper congestion management (Market-to-Non-Market)

  • Phase 2: Coordination of Day-Ahead and Real-Time Constraint management (Market-to-Market)

  • Phase 3: Common Market Portal

  • Phase 4: Congestion Management through Integrated Dispatch*

    * Based on cost/benefits analysis underway


Joint and common market benefits

Joint and Common MarketBenefits

  • Addresses FERC Vision: seams elimination, market design standardization, technology standardization

  • Builds on the recommendations from the Aug. 14 Task Force, then goes beyond

  • Significant enhancement to reliability at lower cost

  • Mitigates market power and promotes price transparency


Scope of agreements

Scope of Agreements

MISO: JOA and Common Market

TVA: Reliability

Forecasted MISO = 127,000 MW

Manitoba

Washington

New Hampshire

Maine

Montana

North Dakota

Vermont

Michigan

Minnesota

Oregon

Massachusetts

Wisconsin

Idaho

South Dakota

New York

Rhode Island

Michigan

Wyoming

Connecticut

Iowa

Pennsylvania

New Jersey

Illinois

Nebraska

Nevada

Forecast PJM = 134,500 MW

Ohio

Delaware

Illinois

Utah

Indiana

West Virginia

Maryland

Colorado

California

Kansas

Virginia

District of Columbia

Kentucky

Missouri

North Carolina

Tennessee

Oklahoma

South

Arizona

Arkansas

New Mexico

Carolina

Georgia

Alabama

Mississippi

Texas

Tennessee Valley Authority = 30,000 MW

Southwest Power Pool = 39,700 MW

Louisiana

Florida

MW = Generating Capacity


Common market conceptual design

Data Transport

Data Transport

Data Transport

Regional Entity

TVA*

Control Area

Control Area

TVA*

ITC

ITC

Common Market Conceptual Design

MarketParticipants

Internet or VPN Access

Enhanced Market Portal

RTO Functions

(Regional Services)

RTO Functions

(Regional Services)

  • Common Market (CM)

  • Security constrained, bid-based, economic dispatch solution

  • Day-ahead market solution

RTO Data Repository

Settlements

& Billing

Planning

Scheduling

Operations

*TVA interacts with the Common Market

Regional Entity


Technology standardization the road ahead

Technology StandardizationThe Road Ahead

  • Where are we today?

    • Unprecedented collaboration between RTO/ISOs (ITC) and EMS vendors

    • Good progress made to-date on the Data Standardization Initiatives

  • Next steps

    • Reduce IT costs by achieving further economies of scale

    • Expand the standardization and industry collaboration to the various software layers


Technology standardization software layers

Technology StandardizationSoftware Layers

  • Value Creation

  • Reliability

  • Cost Efficiencies

AT

Decisions

  • Application

  • Information

Regional Differences

Differentiation

Standardization

Enabling

Information

  • Networks

  • Security

  • Platforms

  • Data Storage

  • Monitoring

Infrastructure

Data


Technology standardization infrastructure

Technology StandardizationInfrastructure

  • Key Components

    • Data

    • Architecture

  • Characteristics

    • High costs, low added value

    • Considerable overlap

    • Needs the highest level of protection (Cyber security)

  • Opportunity

    • Common Design (ITC’s “Reference Architecture”, Data Initiatives)

    • Build in protection

    • Collaborative development with system vendors


Technology standardization common applications

Technology StandardizationCommon Applications

  • Key Components

    • Business Applications

    • EMS

  • Characteristics

    • High costs

    • Considerable overlap, excessive customization

    • The differentiation is in the model and the rules, not in the code (i.e. Settlement Application)

  • Opportunity

    • Converge to the “Reference Architecture”

    • Collaborative development with system vendors

    • Platform for next generation EMS?


Technology standardization advanced technology

Technology StandardizationAdvanced Technology

  • Key Components

    • Reliability applications (i.e. Dynamic Security, Super Regional Network Models)

    • Decision support (i.e. Intelligent Alarming, Visualization)

  • Characteristics

    • High added value

    • Insufficient investment

  • Opportunity

    • Collaborative R&D and shared investments


Conclusions

Conclusions

  • The industry has responded to FERC’s challenge and is making good progress (ITC, Vendors Consortia)

  • The key challenge is to lower the IT costs in the absence of critical mass, while investing in advanced reliability applications and cyber security

  • The opportunity exists for further software standardization, productization and cost sharing

  • An even bigger opportunity exists in the convergence of platforms, applications and network models


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