Download - October 8-9, 2013| Westborough, ma
OCTOBER 8-9, 2013| WESTBOROUGH, MA
Carissa P. SedlacekMANAGER, RESOURCE ANALYSIS INTEGRATION
Modify Timeline to Improve Information Dissemination
Non-Price Retirements Timeline
Overview
• Under the current timeline, a resource with a Non-Price Retirement (NPR) rejected for reliability may decide after the auction whether or not to retire
• This is an unintended consequence due to the length of window associated with the submission and review of NPR’s
• ISO-NE is proposing changes to the NPR timeline that will result in more information in the Forward Capacity Auction (FCA) Informational Filing to FERC and improve other downstream processes
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Summary of Proposed Changes
Current• NPRs submitted during a four
month window that closes in early October
• ISO-NE review is based on a sliding 90 day review timeline, based on first come, first serve
• FCA Information Filing submitted to FERC without final NPR reviews completed due to sliding timeline
Proposed• NPRs due at the same time as de-
list bids at the Existing Capacity Qualification Deadline
• All reliability reviews to be conducted between June and September (120 days). All NPRs to be studied simultaneously creating efficiencies
• ISO-NE completes review prior to FCA Information Filing thereby providing additional information to FERC and stakeholders
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Summary of Proposed Changes cont’d
Current• Partial NPRs may result in a low
winter Qualified Capacity which cannot be cured with a Composite Offer because the NPR determination is made after the Composite Offer window closes
• Due to timing, NPR’s are not included in requirements (ICR/LSR/MCL) calculations
Proposed• NPR reliability review will be
completed prior to the Composite Offer window
• Since NPR’s will be known earlier, they can be included in both requirements (ICR/LSR/MCL) calculations and the newly proposed Capacity Zone methodology
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Summary of Proposed Changes cont’d
Current• Participant election to indicate
whether a retained resource intends to retire regardless of reliability determination may occur after the FCA, leading to unanticipated auction outcomes in prices and quantities
• Permanent de-list bids converted into a NPR after receipt of Qualification Notification Determination have a 90 day review period by ISO-NE
Proposed• Participant election to indicate
whether a retained resource intends to retire regardless of reliability determination occurs 15 days prior to the FCA
• Permanent de-list bids converted into a NPR after receipt of Qualification Notification Determination have a 30 day review period by ISO-NE
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Potential Non-Price Retirement Timeline
Next Steps
• At the November Markets Committee meeting, the ISO will bring revised market rule language and request a vote in December– Request action by the Participants Committee in January– Effective date no later than May 1, 2014
• It is intended that these rules changes would be in place for FCA #9
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