Market Working Group Update. Presentation to CAWG March 29, 2011. Jim Sanderson, KCC. Background. The MWG has completed market designs for the Integrated Marketplace.
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Both Boston Pacific and the MMU have recommended that SPP proceed with implementation of the Integrated Marketplace and both have endorsed SPP’s market designs.
From the Boston Pacific Report
“At the outset, we should note that the hard work of the SPP Staff, the Market Working Group, and other stakeholder groups has clearly paid off. The Integrated Marketplace proposal is a comprehensive, intelligent proposal that builds on experience from across the United States.”
MWG motioned to accept Boston Pacific recommendation that all Designated Resources be required to offer in the Day-Ahead Market. The motion failed with four votes to approve and no abstentions.
MWG motioned to accept Boston Pacific’s recommendation that non-DR be compensated for the capacity services they provide when called upon in an emergency and the RSC spearhead this effort. The motion failed with one approving vote and no abstentions.
TCR holders may have an incentive to use virtual bidding to cause day-ahead congestion to increase the value of their TCRs.
Current protocols propose to give the MMU the authority to monitor for uneconomic virtual bidding and, if certain thresholds are met, allows SPP to suspend participants from submitting virtual bids and offers for three months.
SPP staff met with Boston Pacific at the end of February and walked through each of the virtual bidding concerns for further understanding. After discussing the issues and explaining the MWG and SPP staff perspective on the items, Boston Pacific provided comments on March 1, 2011 indicating all of their concerns related to virtual bidding were alleviated.