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SASM AS Offers Jeff Gilbertson Market Analyst QSE Managers Working Group 7/1/2013

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SASM AS Offers Jeff Gilbertson Market Analyst QSE Managers Working Group 7/1/2013. SASM Clearing History - 2013. Observations. Per hour, requirement typically < 50 MW SASMs in February, March, and April with zero awards. SASM AS Offers. SASM AS Offers. Adjustment Period.

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SASM AS Offers

Jeff Gilbertson

Market Analyst

QSE Managers Working Group

7/1/2013

sasm clearing history 2013
SASM Clearing History - 2013

Observations

  • Per hour, requirement typically < 50 MW
  • SASMs in February, March, and April with zero awards
sasm as offers1
SASM AS Offers

Adjustment Period

Expiring AS Offers

DAM

DAM Awards

sasm as offers3
SASM AS Offers

Observations

  • Most AS Offers expire or are canceled by the start of the Adjustment Period
  • Until recently, often there were zero AS Offers for Regulation Up/Down(just Regulation Up since mid-May)

Charge for Failure to Provide

  • Max(MCPC)m * FQ
  • FQ = Failure Quantity m = DAM and all SASM markets for that hour
  • Charge applies regardless of SASM execution or SASM award quantity
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