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Locational ICAP Project Power System Resource Adequacy Working Group Springfield, MA – Feb. 27, 03. Market and Regulatory Practices Amr Ibrahim. Purpose of the Presentation. Describe the plan to introduce Locational ICAP (LICAP) to ISO-NE constrained localities by January 2004.

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locational icap project power system resource adequacy working group springfield ma feb 27 03

Locational ICAP ProjectPower System Resource Adequacy Working GroupSpringfield, MA – Feb. 27, 03

Market and Regulatory Practices

Amr Ibrahim

purpose of the presentation
Purpose of the Presentation
  • Describe the plan to introduce Locational ICAP (LICAP) to ISO-NE constrained localities by January 2004.
  • Take comments and/or suggestions.

Market & Regulatory Practices

structure of the presentation
Structure of the Presentation
  • Rationale for LICAP.
  • How it will work?
  • Relationship with other Initiatives.
  • Suggested Timelines.
  • Second Phase Improvements.

Market & Regulatory Practices

rationale for licap
Rationale for LICAP
  • Ensure that capacity resources are located where it is most efficient.
  • Address reliability concerns in certain locations within the ISO-NE control area.
  • Comply with FERC Orders [ER02-2330-001 of 12/20/02, and ER02-2330-000 of 09/20/02].

Market & Regulatory Practices

ferc orders
FERC Orders
  • Develop Locational ICAP largely on lines similar to that used by NYISO (ICAP resources are located in certain regions) , or that used by PJM (ICAP resources have a transmission path to the purchaser) - [ER02-2330-001, et al, 12/20/02]
  • Develop the necessary procedures that allow for the partial de-listing – [ER02-2330-000 – 09/20/02]

Market & Regulatory Practices

how it will work the very simple way
How it will work (the very simple way)
  • Determine LOLE as a function of native capacity in all localities of the system.
  • Determine the native capacity level required to meet the reliability criterion of 1 day in 10 years (80% in the graph).
  • LSEs to acquire resources (either bilaterally, or through an auction) to cover their obligations from resources within the locality equal to percentage required to meet reliability criterion.

Market & Regulatory Practices

nyiso icap the golden 9 steps
NYISO ICAP – the Golden 9 Steps
  • NYSRC sets the Installed Reserve Margin - NYISO determines the NYCAS ICAP requirement as per NYRSDC and NPCC, and NYPSC standards.
  • NYISO converts NYCA ICAP into NYCA UCAP.
  • NYISO determines LICAP requirements and converts them to UCAP
  • NYISO assigns UCAP requirements—including LICAP to LSEs on Transmission Districts basis.
  • NYISO establishes standards and requirements applicable on transmission owners, LSE, and ICAP suppliers.
  • NYISO determines the amount of UCAP that internal and external suppliers (to NYCA) may supply according to the set standards.
  • NYISO conducts regularly scheduled ICAP auctions before and during each Capability period.
  • LSEs procure adequate UCAP from ICAP suppliers either bilaterally or through ISO-administered auctions to meet their requirements
  • NYISO monitors the compliance of Transmission owners, LSE’s and ICAP suppliers.

Market & Regulatory Practices

licap vs smd icap
LICAP Vs SMD ICAP
  • LICAP is Locational (tautology really)
  • Partial de-listing is allowed.
  • No change in the definition of ICAP units, or their qualification.
  • No change in calculation of the UCAP.
  • No change in the commitment period (monthly).
  • No change in the load-shifting adjustments.
  • No change in the auction procedure
  • No change in the deficiency rules and their charges.

Market & Regulatory Practices

relationship to other initiatives
Relationship to Other Initiatives
  • DCA Under revision.
  • RMR Reduced, may be replaced.
  • Quick Start Complementary/Replaced.
  • LMP Complementary.
  • CRAM Meets NE deliverability requirements LICAP is a subset.

Market & Regulatory Practices

suggested timelines
Suggested Timelines
  • Date of First Auction: January 2nd, 2004
  • Date of FERC Filing: July 1st, 2003
  • Stakeholder Communication: May 1st, 2003
  • End of Design Stage: April 15th, 2003

Market & Regulatory Practices

second phase improvements
Second Phase Improvements
  • Redefine Constraints to include Exports
  • Align LICAP with the CRAM Proposal.

Market & Regulatory Practices