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Overview of Market Trials. David LaPlante Vice President, Markets Development. Overview of Market Trials. Two External market Trials Each Has Day Ahead and Real-time Market Component ICAP Market Trial in MT #1 Only Real-time Market Trials scripted according to an 80/20 rule:

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overview of market trials

Overview of Market Trials

David LaPlante

Vice President, Markets Development

overview of market trials1
Overview of Market Trials
  • Two External market Trials
    • Each Has Day Ahead and Real-time Market Component
    • ICAP Market Trial in MT #1 Only
  • Real-time Market Trials scripted according to an 80/20 rule:
    • 80% normal conditions
    • 20% non- normal conditions (e.g. OP-4)
  • The Day Ahead / Real-time Market Trial will contain three 24 hour operating days based on 14-May-2002 generation / transmission conditions adjusted to simulate different system conditions
  • Each Trial begins with FTR Monthly Auction and ends with publication of an Electronic Bill
  • Market Trials are a test of systems and processes and not of the validity of the Market Design
daily bids and offers timing example
Daily Bids and Offers Timing Example
  • Re-offer Period
  • Must Run / Adjustments
  • Regulation Offers

Operating Day

Bids and Offers Due

24:00

12:00

16:00

18:00

24:00

24:00

12:00

16:00

18:00

24:00

MON

TUESDAY

WEDNESDAY

THURSDAY

24:00

12:00

16:00

18:00

24:00

24:00

12:00

16:00

18:00

24:00

  • DAM LMPs
  • DAM Schedule
    • Interface
    • Demand
    • Supply
    • ETs