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TAC Direction for Market Enhancement Task Force (METF) June 28 th 2012 TAC Meeting

TAC Direction for Market Enhancement Task Force (METF) June 28 th 2012 TAC Meeting Kenan Ögelman. METF Activities to Date.

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TAC Direction for Market Enhancement Task Force (METF) June 28 th 2012 TAC Meeting

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  1. TAC Direction for Market Enhancement Task Force (METF) June 28th 2012 TAC Meeting Kenan Ögelman

  2. METF Activities to Date • Formed by TAC in February 2012 to “Evaluate the costs and benefits of enhancements to ERCOT Nodal processes and to recommend market efficiency improvements to Real-Time SCED that provide better Resource Commitment and Dispatch”. • Listed and prioritized “Enhancement Opportunities”. • Improve Commitment and Dispatch of QSGRs, Load Resources and Storage Resources. • Reviewed and discussed 3 vendor/ISO presentations on the features of their Real-Time Market Systems. • All of the vendors have a common framework comprising of a multi-interval Real-Time Commitment (RTC) and Real-Time Dispatch (RTD).

  3. TAC Direction for METF • Provide to TAC by October • a recommendation on the scope of work and approach for a project to provide “Enhancements to the Real-Time Market” that • uses the framework of a multi-interval Real-Time Commitment and Real-Time Dispatch • takes into consideration information from the Brattle report and concepts in approved and in-flight NPRRs • a plan for a phased implementation of RTC and RTD features.

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