MISO Market Participant Cutover Briefing #5: Notable Market Developments December 19, 2013
Market Participant Cutover Briefing #5 Disclaimer The following presentation is for informational purposes only and is not intended to convey, support, prescribe, or limit any Market Participant activities. These and associated materials do not act as a governing document over any market agreement or Business Practices Manual. 1
Market Participant Cutover Briefing #5 Agenda Introduction (<5 minutes) Focus Topic: Notable Market Developments (10-15 minutes) FAQ / Lessons Learned (5-10 minutes) Next steps / Schedule (<5 minutes) 2
Market Participant Cutover Briefing #5: Introduction MP Briefing Schedule and Topics Date Briefing Focus Topic MISO Activities 12/12 10:30-11 am ET 1. System Access Provisioning and User Set-up, FAQ 12/13 12/16 2. Offer Parameter Overview, FAQ 3. How to read start/stop notifications, MCS, FAQ Client Leads MP Briefings 12/17 12/18 12/19 2-3:00pm ET 12/20 12/23 12/27 12/30 4. Control Mode, Online/Offline, Dispatchable, FAQ N/A MP Cutover Night Call will be led by Client 5. Notable Market Developments, FAQ 6. Notable Market Developments, Market Reports, FAQ 7. Notable Market Developments, Credit Adjustments, FAQ 8. Notable Market Developments, Settlements, FAQ 9. Notable Market Developments, Settlements, FAQ Cutover Night Call Operations Leads MP Briefing Focus Topic, Client Provides FAQ & Schedule Update Support RGDs and DART Teams evaluate DART submittals and follow-up with MPs, as required Client Fields Calls & Resolves Issues with Customer Advisors and SMEs Typically, MP Briefing Calls are 30 minutes, and will address Focus Topics, FAQs, and Next Steps. Calls will be led by Client and Operations, and will coordinate with other MISO functions. 3
Market Participant Cutover Briefing #5: Recap of Cutover Night Congratulations! Shortly after midnight last night MISO successfully completed the South Region Integration The total MISO footprint now includes: 46 Transmission Owners, representing over 65,000 miles of transmission 35 Local Balancing Authorities 383 Market Participants, representing: 196,000 MW of generation 128,000 MW of load MISO s one-of-a-kind LMP Contour Map is now running, and allows for a detailed visualization of realtime market conditions: https://www.misoenergy.org/lmpcontourmap/miso_all.html Congratulations to all of you that have been involved in this effort. MISO is very excited to welcome in its new members and we sincerely thank you for your efforts to make this a successful integration 4
Market Participant Cutover Briefing #5: Notable Market Developments Operating Day: 12/19 Successfully completed all cutover and integration activities All MISO infrastructure and systems are operating as expected General Observations: Shortly after cut over, there was one brief interval (5-10 minutes) with high Locational Marginal Prices (LMPs) in the South Region due to an incorrect limit. This limit error was quickly corrected, and the LMPs were corrected as part of MISO s LMP verification process. Power flows observed from north to south between 0 and 1800 MW with no significant constraints on the system; No requests from Joint Parties to reduce ORCA Dispatch Flow Morning load pickup of between 1200 1500 MW for several 5 minute periods with excellent overall control performance MISO South Regional Generation Dispatchers (RGDs) continue to monitor and contact Market Participants with units not following dispatch MISO s unit start-up logic requires non zero metered output from units prior to dispatching units. This includes Jointly Owned Unit (JOU) shares. If one share is zero then the start-up logic will not dispatch the unit up. Please ensure that units online or starting up have non-zero metered MW output sent to MISO Please remember to inform MISO South RGD of any significant infrastructure or system changes that could affect market operations (ICCP or EMS maintenance) 5
Market Participant Cutover Briefing #5: Notable Market Developments MISO Market Reports MISO Market Reports offer analysis and status of market operations related to all aspects of real-time and dayahead energy and ancillary services markets and reliability coordination for the region. Below is a description of these reports: Market Analysis Market Report List (and Archives) Readers Guides https://www.misoenergy.org/library/marketreports/pages/marketreports.aspx 6
Market Participant Cutover Briefing #5: Notable Market Developments MISO Market Reports (cont d) Below are lists of the available Market Reports: Bids Cleared Bids (bids_cb) Day-Ahead Day-Ahead Binding Constraint (da_bc) Day-Ahead Binding Constraints Readers Guide (da_bc_rg) Day-Ahead Pricing (da_pr) Day-Ahead Report Readers Guide (da_rg) Expanded Day-Ahead (da_ex) Historical LMP Annual Real-Time LMP 5-Min (rt_lmp_5min) Day-Ahead Market LMPs (da_lmp) Historical Annual Day-Ahead LMPs (da_lmp_annual) Historical Annual Real-Time LMPs (rt_lmp_annual) Real-Time Preliminary Market LMPs (rt_lmp_prelim) Real-Time Final Market LMPs (rt_lmp_final) Historical MCP ASM Day-Ahead Market MCPs (asm_damcp) Real-Time Preliminary Market MCPs (asm_rtmcp_prelim) Real-Time Final Market MCPs (asm_rtmcp_final) Market Report Index Market Report Index (ind_rpt) Market Settlements Allocation on MISO Flowgates (ALLOC_Flowgates) Excess Congestion Fund (ms_ecf) Market Settlements Data (ms_data) Historical Market to Market Settlement (ms_m2m) Revenue Inadequacy (ms_ri) Reserve Neutrality Uplift (ms_rnu) Revenue Sufficiency Guarantee (ms_rsg) Offers ASM Day-Ahead Cleared Offers (asm_da_co) ASM Day-Ahead Cleared Offers Readers Guide (asm_da_co_rg) ASM Real-Time Cleared Offers (asm_rt_co) ASM Real-Time Cleared Offers (asm_rt_co_rg) Day-Ahead Cleared Offers (da_co) Day-Ahead Cleared Offers Readers Guide (da_co_rg) Real-Time Cleared Offers (rt_co) Real-Time Cleared Offers Readers Guide (rt_co_rg) Real-Time Real-Time Binding Constraints (rt_bc) Real-Time Binding Constraints Readers Guide (rt_bc_rg) Real-Time Expanded Report (rt_ex) Real-Time Expanded Report Readers Guide (rt_ex_rg) Real-Time Pricing Report (rt_pr) Real-Time Pricing Report Readers Guide (rt_pr_rg) Resource Adequacy Voluntary Capacity Auction Bids (vca_bid) Voluntary Capacity Auction Offers (vca_offer) Voluntary Capacity Auction Results Summary (vca_summary) Summary Cost to Serve Load Readers Guide (sr_ctsl) Daily Overview Report (sr_do) Daily Overview Report Readers Guide (do_rg) Daily Regional Forecast and Actual Load (rf_al) Historical Hourly Wind Data (hwd_hist) Historical NSI (sr_hist_is) Historical Regional Forecast and Actual Load (rfal_hist) Historical Southern Region Historical Load (sr_hist_srl) Interchange Summary (sr_is) Interchange Summary Report Readers Guide (is_rg) Look Ahead (sr_la) Look Ahead Report Readers Guide (la_rg) Long-Term OutageSchedule (sr_lt) Long-Term Outage Schedule Report Readers Guide (lt_os_rg) Next Day NSI (sr_nd_is) Peak Hour Overview (sr_ph) Voluntary Capacity Auction (sr_vca) https://www.misoenergy.org/library/marketreports/pages/marketreports.aspx 7
Market Participant Cutover Briefing #5: FAQ Notable Market Development FAQs Questions Answers What time zone should I use to submit my bids / offers? Eastern Standard Time Why am I receiving such a high volume of starts and stops for this particular unit? Typically it runs on a more consistent pattern The volume of starts / stops was required to satisfy initial conditions and required some manual intervention by MISO South RGDs as part of the cutover. Please also check your specific unit parameters to ensure that they accurately reflect the unit s capabilities (e.g. ramp rates, economic minimums, minimum down times) Is market participation for the South Region in line with MISO s expectation MISO has seen strong participation in both the Day-Ahead and Real- Time markets What should I do if I can t access certain systems? Please first check with your Local Security Administrator. If not resolved, please contact the MISO Network Operations Center (NOC) What is MISO s Twitter Handle @MISO_energy 8
Market Participant Cutover Briefing #5: Next Steps MP Briefing Schedule and Topics Date Briefing Focus Topic MISO Activities 12/12 10:30-11 am ET 1. System Access Provisioning and User Set-up, FAQ 12/13 12/16 2. Offer Parameter Overview, FAQ 3. How to read start/stop notifications, MCS, FAQ Client Leads MP Briefings 12/17 12/18 12/19 2-3:00pm ET 12/20 12/23 12/27 12/30 4. Control Mode, Online/Offline, Dispatchable, FAQ N/A MP Cutover Night Call will be led by Client 5. Notable Market Developments, FAQ 6. Notable Market Developments, Market Reports, FAQ 7. Notable Market Developments, Credit Adjustments, FAQ 8. Notable Market Developments, Settlements, FAQ 9. Notable Market Developments, Settlements, FAQ Cutover Night Call Operations Leads MP Briefing Focus Topic, Client Provides FAQ & Schedule Update Support RGDs and DART Teams evaluate DART submittals and follow-up with MPs, as required Client Fields Calls & Resolves Issues with Customer Advisors and SMEs Typically, MP Briefing Calls are 30 minutes, and will address Focus Topics, FAQs, and Next Steps. Calls will be led by Client and Operations, and will coordinate with other MISO functions. 9
Market Participant Cutover Briefing #5: Next Steps MISO Contact Information and Key References Group Responsibilities Hours of Operation Contact Information Network Operations Center (NOC) Real Time System Issues or IT issues. The NOC can also be contacted if a customer has an urgent, non-system/it question that needs to be addressed, outside of normal business hours. 1 All day, every day (24/7/365) noc@misoenergy.org 1-866-296-6476 Option 2 Client Any and all issues can be routed through Client. Market Participants can contact the general Client group, or the representative that have been assigned to them. 2 8am 5pm ET clientrelations@misoenergy.org 1-866-296-6476 Option 1 Customer Advisors Customer Advisors can also facilitate issue resolution, similar to Client. However, this group typically focuses on more complex issues. Market Participants can make a determination on the criticality and time sensitivity of the issue and determine when determining whether to reach-out directly to Customer Advisors 8am 5pm ET, By appointment Each MP is assigned a Customer Advisor Functional Subject Matter Experts (SMEs) Functional Subject Matter Experts are technical experts in MISO that can assist with various different questions. This group has specific knowledge of the tariff and BPMs, and assists MPs through the MISO Stakeholder Process (including follow-up with Client on specific questions.) They are available to meet by appointment 1-on- 1. The group includes: Credit / Finance, Systems Operations and Market Services, Forward Operations, Tariff Administration, Information Technology, Transmission Access Management, Settlements, Legal & Compliance, Operations, Training 8am 5pm ET, By appointment N/A, please route questions through Stakeholder Process Key References Market Portal User Guide: https://www.misoenergy.org/library/repository/communication%20material/technical%20infrastructure/market%20portal%20user%20guide.pdf DART MUI XML Specification: https://www.misoenergy.org/library/repository/communication%20material/technical%20infrastructure/dart%20mui%20participant%20xml%20specific ation%20v46.pdf LSA User Guide: https://www.misoenergy.org/library/repository/study/stakeholders/lsa%20user%20guide%20for%20market%20participants.pdf 1 Real Time Operators should contact the Real Time desk of the Regional Generation Dispatcher or the Reliability Coordinator for Real Time Operational situations. 2 The listing of Client Analyst Representative for each Market Participant can be found here: https://www.misoenergy.org/library/repository/communication%20material/corporate/client%20%20representatives.pdf 10