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Facilitated Transaction Checkout Improving Operational Efficiency

Facilitated Transaction Checkout Improving Operational Efficiency. Outline. Why Facilitated Transaction Checkout (FTC)? What is Facilitated Transaction Checkout? Operational Benefits Displays Technology Considerations Implementation Status Questions.

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Facilitated Transaction Checkout Improving Operational Efficiency

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  1. Facilitated Transaction Checkout Improving Operational Efficiency

  2. Outline • Why Facilitated Transaction Checkout (FTC)? • What is Facilitated Transaction Checkout? • Operational Benefits • Displays • Technology Considerations • Implementation Status • Questions

  3. Why Facilitated Transaction Checkout ? • The Northeast Market Operators are having increasing problems performing inter-control area checkout in real-time • Each market is prone to having its own unique rules and timelines for clearing external transactions • The volume and complexity of transactions significantly increased time required for manual checkout • Marketers were learning how to arbitrage the markets

  4. Why Facilitated Transaction Checkout ? • These problems increase the likelihood of real-time discrepancies in inter-control area schedules affecting transaction data accuracy.

  5. What is Facilitated Transaction Checkout ? • A tool for data exchange to support real-time transaction checkout • Each Control Area provides a “service” that enables neighboring CAs to view their current transaction stack prior to verbal checkout

  6. What is Facilitated Transaction Checkout ? • Individual Control Areas can integrate this data into their existing displays to meet the unique needs of their Operators • Changes made on FTC ‘screen’ seamlessly carry into current scheduling software • Supplemental data (e.g Ramp info) may be added for one Control Area and available for all without it being required for all.

  7. What is Facilitated Transaction Checkout? • Current implementation allows Neighboring Control Area to compare, in real-time, transaction information for scheduling on common interfaces • Tag ID • MW value

  8. What is Facilitated Transaction Checkout? • Seamless integration for all markets that require the NERC E-tag as a common identifier • Physical or Financial transmission • Schedule or Tag based markets

  9. System Operator Benefits • Operators can improve overall efficiency in real-time • Streamline communication between Operators thereby reducing overall checkout time • Allow the Operator to focus on the discrepancies in transaction schedules between Control Areas • Flexible enough to allow the Operator to access transaction schedules for future hours • Results in fewer failed transactions • Reduced administrative burden allows more time for System Operators to operate the system

  10. Additional Benefits • No requirement for changing Market Rules • Business as usual up to the point of inter-control area checkout • The ‘Markets’ continue to independently clear transactions for next hour • Provides a solution for moving towards 15 minute transaction scheduling

  11. Additional Benefits • Financial Benefits • Open Architecture (free code sharing) • No monthly fee or upgrade costs to third party • Total Project cost is limited to internal development time and server costs • (45 to 60K US dollars) • Project Costs are quickly recovered with reductions in ‘additional’ staff required for checkout

  12. Time Savings Utilizing FTC *Based on production or test usage

  13. Displays ISO New England view into New York Transactions

  14. 15:16:32NY Checkout ready

  15. 15:17:09Checkout Complete 35 seconds

  16. NYISO CA View

  17. IMO CA View

  18. HQT CA View

  19. Technology Requirements • Must be standards based • Technology independent • Cost effective implementation • Scalable for other collaboration efforts • Secure information transfer • Led to a “Service Oriented” approach

  20. Service Oriented Architecture

  21. Technology Benefits • Established a repeatable, collaborative process • Model Driven Integration (MDI) • Driven by the CIM and the NERC Functional Model • Standards-based messages and predictable processes • Efficiency gains will minimize cost and accelerate schedule going forward • Implemented a scalable Web Services Architecture for Control Area data exchange • Can be leveraged for future initiatives • Will maximize return on investment

  22. Best Practice Technology Drafting the Service-Oriented Architecture Blueprint Gestalt - Energy Excerpts Volume 1 issue 3 “It is this need for better data flow between members of the utility grid that is driving the migration to an SOA [service-oriented architecture] and Web Services. If every power system operator, independent system operator and regional transmission organization implemented Web Services, the opportunity for efficient data sharing would be increased.” The entire article can be found at: http://www.rsvpnow.com/gestalt/gnl.asp?id=265&nlid=12

  23. Implementation Status - NPCC • HQTE • Checkout Service and Control Room Integration: Testing with ISO-NE • IMO • Checkout Service and Control Room Integration: In service • Utilizing NY checkout service in production. • ISO-NE • Checkout Service and Control Room Integration: In service • Utilizing NY checkout service in production. Testing with HQTE • NB / NS • Checkout Service and Control Room Integration: Expected in-service in spring 2005. • NYISO • Checkout Service: In service • Control Room Integration: Deployment scheduled for early 2005 to follow SMD2 implementation.

  24. Implementation Status - Other • MISO • Checkout Service and Control Room Integration: Expected in-service in early 2005. • PJM • Under review.

  25. Questions?

  26. Contact Information • General Questions • Jim Hartwell • jhartwell@npcc.org • 212-840-4904 • Operational / Scheduling Questions • Mike Zeoli • mzeoli@iso-ne.com • 413-535-4349 • Technical Questions • Michael Martin • mmartin@nyiso.com • 518-356-7617

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