1 / 33

Structured / Unstructured Market Trials

Structured / Unstructured Market Trials. Weekly Update – Friday Meeting October 18, 2013. Please Help Minimize Call Disruptions. Mute your phones Do not dial-in from a recorded line If you record the call, your “holds” affect everyone Do not put the call on hold even if you are on mute

kylie-campbell
Download Presentation

Structured / Unstructured Market Trials

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Structured / Unstructured Market Trials Weekly Update – Friday Meeting October 18, 2013

  2. Please Help Minimize Call Disruptions • Muteyour phones • Do not dial-in from a recorded line • If you record the call, your “holds” affect everyone • Do not put the call on holdeven if you are on mute Please be courteous of everyone’s time • If necessary, SPP will mute all callers and unmute only at certain times for questions Thank you for your attention to this matter!

  3. Agenda • TCR Update (5 min) 9:00 – 9:05A • Ramp Rate Interaction (15 min) 9:05 – 9:20A • SCUC / SCED (10 min) 9:20 – 9:30A • Preliminary Results Oct 7 – 11 (5 min) 9:30 – 9:35A • Analysis Sept 30 – Oct 4 (40 min) 9:35 – 10:15A • Settlements(10 min) 10:15 – 10:25A • Announcements & Outstanding Questions (10 min) 10:25-10:35A • Look-Ahead Oct 21 – Oct 25 (10 min) 10:35 – 10:45A • Updates (10 min) 10:45 – 10:55A • Release Scorecard, Migration Report, Known Issues Log • Questions (5 min) 10:55 – 11:00A

  4. TCR Update Updated Go-Live Approach Document • Posted at:http://www.spp.org/publications/TCR%20Go_Live_Approach%20v2.pdf • Calendars, market timing, and more… • Please distribute among your TCR Personnel Jason Robison

  5. Go! Jason Robison

  6. Ramp Rate Interactions Ramp Rate Interactions Presentation posted to spp.org spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder > Structured Market Trials Reference Documents Brenda Lee

  7. Day Ahead SCUC vs SCED Difference (Follow Up) • SPP preliminary results on analyzing the SCUC/SCED differences have found the following factors having significant impact: • Violation Penalties • SCUC: values set high enough to encourage the natural economics of the system to commit appropriately around the formulation constraints • SCED: values set high enough to encourage the natural economics of the system to dispatch appropriately around the formulation constraints • Challenge: violation penalties must be higher for commitment than for dispatch. But how high? • SPP proposal: adjust the values of selected SCUC violation penalties so as to minimize relative economic differences between SCUC and SCED • Transmission violation penalty • Status: results are encouraging Bart Tsala

  8. Day Ahead SCUC vs SCED Difference (Follow Up) • Transmission Violation Penalty (sample Operating Day) • Case A: SCUC Transmission Penalty @ $/MW 150,000 • System transmission breach ~ 172 MW • Resource X: committed by SCUC. SCED total Energy dispatch ~ 360 MW • Effective impact on transmission breach ~ 1 MW • Out of Merit Margin to provide transmission relief ~ $ 16,000 • Case B: SCUC Transmission Penalty @ $/MW 30,000 • System transmission breach ~ 176 MW • Resource X: not committed by SCUC. SCED total Energy dispatch ~ 0 MW • Effective impact on transmission breach ~ 0 MW • Out of Merit Margin to provide transmission relief ~ $ 0 • System resource ramp violation: increases by ~ 40 MW (no free lunch!) Bart Tsala

  9. Day Ahead SCUC vs SCED Difference (Follow Up) • SPP preliminary results on analyzing the SCUC/SCED differences have found the following factors having significant impact (continued): • Ramp Rate Models • SCUC: effective ramp rates computed over the dispatch range of the resource as seen between its defined min/max MW values. Fully time coupled commitment valuation • SCED: effective ramp rates computed over the dispatch range as seen from the previous time interval dispatch level. Partially time coupled dispatch valuation • Challenge: resource DA SCED 24-hr dispatch schedule could divert from SCUC as it: • Potentially uses a different effective ramp rate for each hour • Does not anticipate future energy ramp adjustment needs • SPP Proposal: allow for DA SCED to use the same effective ramp rate as SCUC • Status: results are encouraging Bart Tsala

  10. Day Ahead SCUC vs SCED Difference (Follow Up) • Planned Software changes: • Violation Penalties • No software update required. • Ramp Rate Models • Release 1.7 provides an option for DA SCED to use the same effective ramp rate as SCUC. • In 1.7 release testing the enabling of this option has had a positive effect on price spikes. Bart Tsala

  11. Preliminary Results from Oct 14 - 18 • Scheduled Scenarios • 28b – Non-Functional Testing: RTBM Outage • 28c – Non-Functional Testing: Markets UI/API Outage during DA Submission • 28d – Non-Functional Testing: Markets UI/API Outage during DA Results • 28e – Non-Functional Testing: Single Site Outage • Questions? Alan Adams

  12. Analysis: Oct 7 – Oct 13 • Structured Market Trials Statistics posted to spp.org spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder > Structured Market Trials Presentations, Statistics, MP Meetings • Analysisof Oct 7 – Oct 13 Operating Days posted to spp.org spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder > Structured Market Trials Presentations, Statistics, MP Meetings Alan Adams

  13. Meter Data (Correction) • Meter Data submitted for September 26 Operating Date was 30% Tony Alexander

  14. Market Settlement System (MSS) Known Issues • KIL# 745 We have identified an issue in a handful of the settlement statements where the settlement engine is calculating the full amount on final settlement (or resettlement) instead of the incremental (or net) amount. • Net difference between Initial, Final, and Resettlement is incorrect. • 8/11/13 F, 9/4/13 F, 9/5/13 F, 9/5/13 R2, 9/9/13 F, 9/16/13 F, 9/20/13 F, 9/27/13 F • There is no work around for this issue. • This is expected to be fixed in November. Tony Alexander

  15. Settlements Charge Type Scorecard • The Settlements Charge Type Scorecard for the week of October 18 is posted. • Includes Operating Days September 30 through October 6. Tony Alexander

  16. Settlements Charge Type Scorecard Tony Alexander

  17. Settlements Charge Type Scorecard Tony Alexander

  18. Charge Types Not Using Stubbed Data • All Charge Types are using upstream data from September 25 Operating Date forward. • 43 Charge Types or 100% of the Charge Types for SMT. • MPs should validate these Charge Types “Bid to Bill”. Tony Alexander

  19. Charge types not using stubbed data • MPs should validate these Charge Types “Bid to Bill”. Tony Alexander

  20. Charge Types Not Included In SMT • ARR/TCR Annual Charge Types • ArrPaybackYrlyAmt, ArrCloseoutYrlyAmt, TcrPaybackYrlyAmt, TcrCloseoutYrlyAmt • Demand Response Load Charge Types • DaDrHrlyAmt, DaDrDistHrlyAmt, RtDr5minAmt, RtDrDistHrlyAmt • Other Various Charge Types • MiscDlyAmt, RtJoaHrlyAmt, RtRsg5minAmt • MCRRs/MPRR New Charge Types Tony Alexander

  21. Announcements & Outstanding Questions • Scenario 24 – LMP Re-pricing rescheduled for October 22 • Financial Only MPs: :  Please plan to test scenario #3a and #3, entering virtual offers using credit, on October 29, 30 as scheduled.  • SPP expects every MP (including FINANCIAL-ONLY MPs) to participate in these Scenarios • Please review the Scenario 3 documents on spp.org here: spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder > Structured Market Trials Scenarios Ginny Watson

  22. Disabling webMirror • SPP has the option to disable webMirror for individual Creating PSEs if they choose. • Submit an RMS ticket to start the process. SPP will respond within 1 week. • MP should begin dual entry of tags to both EIS production tagging and the Market Trials tagging environment once webMirror is disabled. • Be aware that turning webMirror back on will not catch-up transactions. webMirror is triggered upon tag creation. Wendy Reynolds

  23. Look-Ahead: Oct 21 – Oct 27 • Oct 21 – Oct 27 Daily Calendar • spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder • Includes some Settlements Dates. All details on Settlements Calendarmarketplace.spp.org > Public > Settlements > Calendars • The week of Oct 28, a new Daily Calendar with a “Parallel Ops Look Ahead” will be posted here: • spp.org > Integrated Marketplace > Market Trials > Parallel Operations Test > Integrated Marketplace Parallel Operations Project Documents • This Daily Calendar will supplement the Parallel Ops Monthly Calendar • Scheduled Scenarios • 24.0 LMP Repricing • 6 Unstructured Test Days • Official Operating Days Monday – Friday • Starting Sun Oct 20: Official ODs 7 Days / Week • Friday Maintenance & Saturday reserved for MP Testing Ginny Watson

  24. 24.0 Re-pricing Scenario Description • Due to input data issues, systems failures, or other reasons, SPP will sometimes need to re-price some periods of the RTBM • Any potential need for re-pricing will be noted by the RTBM operator each night • Cases will be further analyzed and re-pricing either rejected or passed along to the Operations Engineers to execute the re-pricing process • SPP will make appropriate adjustments to RTBM input data for the period that needs to be re-priced, re-execute the offline version of the RTBM and pass the results to Settlements as substitute LMPs with the Losses and Congestion components as well as the Market Clearing Price of the Reserves Alan Adams

  25. 24.0 Re-pricing Expected Result • SPP re-prices a period of the RTBM • MPs see the substitute LMPs (including all three components) as well as MCPs for Reserves via the Marketplace Portal. • MPs will receive an email notifying them of the re-price. • The email will contain market type, date/time of intervals re-priced, and a link to the Marketplace Portal. SLMP data will be found in the Public tab of the Marketplace portal. • Re-priced csv’s will be noted with an R1 at end of case name • SPP processes the Settlement Statements with the substitute LMPs and MCPs for that period. The MPs will not see this part of the test. Settlement statements will not differ whether an interval has been re-priced. Alan Adams

  26. 24.0 Re-pricing MP Activities • Same as the RTBM Base Scenario Alan Adams

  27. Release Scorecard Release Scorecardposted to spp.org: spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder Ginny Watson

  28. Migration and Maintenance Report Migration and Maintenance Report posted to spp.org spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder Wendy Reynolds

  29. Known Issues Log • Please review the Market Trials Known Issues Log on spp.org spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder Carrie Simpson

  30. Known Issues Log Carrie Simpson

  31. Scheduled Scenarios • Oct 21 – 27 • 7 Unstructured Test Days • Oct 28 – Nov 3 • 24 LMP Re-pricing • 3a No Violation of the Credit Limit • 3 Violate the Credit Limit • 33A & B Ramp Reservation • 35 Daylight Savings Time Ginny Watson

  32. Market Trials Useful Resources SMT Hotline: 501-482-2222 for critical & high issues Mon-Fri 8A – 5P Please submit all other inquiries via the Request Management System (RMS) Settlements Calendar marketplace.spp.org > Public > Settlements > Calendars Integrated Marketplace Market Trials Project Documentation Folder spp.org > Integrated Marketplace > Market Trials > Structured/Unstructured Test > Integrated Marketplace Market Trials Project Documentation Folder • Documents found here include: Daily Calendar, Release Scorecard, Migration Report, Known Issues Log, Market Participant Guide • SMT Presentations, Statistics, MP Meetings Folder • SMT Reference Documents Folder • Tag Validation Criteria for MT Testing • SMT Scenarios Folder • SMT Scenarios Schedule Change Tracker spp.org > Integrated Marketplace > Marketplace Documents

More Related