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September 11, 2013 | NEPOOL markets committee

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September 11, 2013 | NEPOOL markets committee. Erin H. O’Brien. Senior Tariff analyst | market development. FCM-Related Projects and Manual 20 Clean-up. Conforming Manual Changes. Background. FCM-Related Projects and Manual 20 Clean-up. Conforming Manual Changes – Background.

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September 11, 2013 | NEPOOL markets committee

Erin H. O’Brien

Senior Tariff analyst | market development

FCM-Related Projects and Manual 20 Clean-up

Conforming Manual Changes

background
Background

FCM-Related Projects and Manual 20 Clean-up

conforming manual changes background
Conforming Manual Changes – Background
  • Bring Manuals 20 and MVDR in line with previous FCM projects:
    • Static De-list Bid Changes
      • After the qualification determination notifications are issued, the ISO will open a seven-day window to allow Market Participants to modify Static De-list Bids.
    • FCM Redesign Changes
      • Offer floor mitigation
      • Elimination of floor price
      • Revised mitigation rules
        • Dynamic De-list Bid threshold
        • Elimination of Pivotal Supplier and Quantity Rule
      • Elimination of “Cost of New Entry” (CONE)
conforming manual changes background continued
Conforming Manual Changes – Background(continued)
  • Manual 20 clean-up
    • Update use of defined terms consistent with Section I.2.2.
    • Address expiration of Master FCM Schedule included in M-20, Section I
    • General clean-up
      • Incorporate or correct hyperlinks
      • Update or remove outdated practices
      • Make non-substantive grammatical edits
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