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Analysis of Price Volatility in the Energy Market - Feb. 2013 Statistics

Detailed observations on price fluctuations in the energy market, reasons behind volatility, and impact on cost to serve load. Discover insights on DAM behavior, market trends, and significant price movements.

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Analysis of Price Volatility in the Energy Market - Feb. 2013 Statistics

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  1. CSWG Nodal Market Statistics3/18/2013 Jim Galvin

  2. Settlement Observations- LZ to Hub Feb 2013 to Feb 2012 Meeting Title (optional)

  3. Cost to Serve Load- Feb 2013-2012

  4. Feb 5 DAM for Feb 6 • On February 5, 2013, DAM published $3,000 prices each for RegUp, RRS, and Non-Spin, for February 6, Hour 1 • An offline non-spin offer at $3,000 was struck for 4.4 MW. • Less Non-Spin was available to the meet the AS requirement in Hour 1 than is typical. • This also set the price for RegUp and RRS (more discussion next) • Energy prices were in normal range • While the prices were unusual, our investigation found that the DAM behaved as designed and there was no cause for correction

  5. Price Volatility Feb 2013 • Market prices continue to trend low due to mild weather and natural gas prices • Uplift charges and RUC charges negligible • One day of price movement for the DAM for Ancillary Services creates a significant increase in Cost to Serve Load • Real Time price volatility • NHUB greater than $100 in 12 intervals, greater than $500 in 2 intervals, max price $585.64 • WHUB 126 intervals were prices were less than $0

  6. Questions? Meeting Title (optional)

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