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Nodal Costs Update SEWG 10/17/2011

Nodal Costs Update SEWG 10/17/2011. Jim Galvin. Settlement Observations- Load Zone to Hub Aug/Sept 2011. Cost to Serve Load- Sept 2011 v 2010. Settlement Observations- Price and Cost to Serve Load June. Cost to Serve Load Sept 2011- Back to normal levels from August ($6.51/ MWh in Aug)

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Nodal Costs Update SEWG 10/17/2011

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  1. Nodal Costs UpdateSEWG 10/17/2011 Jim Galvin

  2. Settlement Observations- Load Zone to Hub Aug/Sept 2011 Meeting Title (optional)

  3. Cost to Serve Load- Sept 2011 v 2010

  4. Settlement Observations- Price and Cost to Serve Load June • Cost to Serve Load Sept 2011- • Back to normal levels from August ($6.51/ MWh in Aug) • Still $0.60 increase over 2010 levels • Non-Spin and Responsive continue to be the primary drivers • RTSPP Analysis Sept 2011- • Milder weather led to prices averaging at “normal” levels • Count of high price intervals (North Zone) • Greater than $500- 4 • Greater than $1,000- 2 • Greater than $100- 33 • Less than $18- 252

  5. Settlement Observations- Other Observations • Base Point Deviation credits back to market estimated at $0.6 M, $0.02 /Mwh benefit to load • Revenue Neutrality Adjustment $0.40 /Mwh charge to load, was trending as credit • On-peak $0.72 /MWh • RUC continues to be assigned to entities short to the market • RUC Uplift is negligible • Total RUC Cost for Aug estimated to be $158 K • Congestion Balancing Account clearing for August $8.7 M and September $2.7 M • Congestion rents are over-collected

  6. Questions? Meeting Title (optional)

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