Nodal Market Workshop for Retail Electric Providers October 6 th 2010 Austin, Texas.
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Transcript of Nodal Market Workshop for Retail Electric Providers October 6 th 2010 Austin, Texas.
Nodal Market Workshop for
Retail Electric Providers
October 6th 2010Austin, Texas
LEGAL DISCLAIMERS AND ADMONITIONS
ANTITRUST ADMONITION
ERCOT strictly prohibits market participants and their employees, who are participating in ERCOT activities, from using their participation in ERCOT activities as a forum for engaging in practices or communications that violate antitrust laws.
The ERCOT Board has approved Guidelines for Members of ERCOT Committees, subcommittees, and working Groups to be reviewed and followed by each market participant attending ERCOT meetings.
Slide 2
AGENDA
INTRODUCTION:MARCIE ZLOTNIK, COO & CHAIRMAN, STARTEX POWER
9:30 A.M.
NODAL MARKET PROGRAM UPDATE ERCOT
9:45 A.M.
PANEL 1: THE BIG PICTUREINTERACTIONS BETWEEN ERCOT AND MARKET PARTICIPANTS
10:15 A.M.
LUNCH 11:15 A.M.
PANEL 2: WHOLESALE MARKET CHANGESINTERACTIONS BETWEEN MARKET PARTICIPANTS
12:00 P.M.
BREAK 1:30 P.M.
PANEL 3: RETAIL MARKET CHANGESINTERACTIONS BETWEEN REP’S AND RETAIL CONSUMERS
1:45 P.M.
OPENING REMARKS
PLEASE WELCOME:
MARCIE ZLOTNIK
COO & CHAIR, STARTEX POWER
ERCOT BOARD MEMBER
MODERATOR
RAJ CHUDGAR
SUNGARD CONSULTING SERVICES
PLEASE WELCOME:
PANEL 1: THE BIG PICTURE
INTERACTIONS BETWEEN ERCOT AND MARKET PARTICIPANTS
THE BIG PICTURE
Slide 7
ERCOT AND MARKET PARTICIPANTS
Slide 8
PANEL 1:THE BIG PICTUREINTERACTIONS BETWEEN ERCOT AND MARKET PARTICIPANTS
CRR Account Holder
QSE
• Maintains Available Credit Limit (ACL) with ERCOT
ERCOT AND MARKET PARTICIPANTS
PANEL 1:THE BIG PICTUREINTERACTIONS BETWEEN ERCOT AND MARKET PARTICIPANTS
MANAGING CREDIT
• CRR Auctions• Day-Ahead Market• Real-Time
PANEL 1: THE BIG PICTURE
INTERACTIONS BETWEEN ERCOT & MARKET PARTICIPANTS
TOPICS• MARKET RELATIONSHIPS• TRANSITION TO NODAL MARKET• CREDIT ISSUES • ZONAL-NODAL CHANGES
PANEL-1
Slide 10
PANEL-1
PANEL MEMBERS:
GDF SUEZ ENERGY
RESOURCES NA
LUMINANT ENERGY
COMPANY
ERCOT
ANDREW ELLIOT SHERRY LOONEY CHERYL YAGER
DIRECT ENERGY
READ COMSOCK
TRIEAGLEENERGY
MARTY DOWNEY
OVERVIEW
TOWARD A NEW MARKET MODEL
Slide 12
55 Days and counting !!!Nodal Market December 1st, 2010
Slide 12
OVERVIEW
Who are the Players?
QSE
LSE
Resource
CRRAccount Holder
Qualified Scheduling Entities
Load Serving Entities (REP, NOIE)
Resource Entities
Slide 13
TSPTransmission Service ProvidersDistribution Service ProvidersDSP
CRR Account Holders
Counter Party
OVERVIEW
Zonal Market Nodal Market
Slide 14
• Improved price signals • Improved dispatch efficiencies • Direct assignment of local congestion
Hubs
Load Zones
Resource Nodes
OVERVIEW
Slide 15
PANEL 1
DISCUSSION
• SPEAK INTO A MICROPHONE• INTRODUCE YOURSELF• KEEP QUESTIONS BRIEF & CONCISE
16
PANEL 2: WHOLESALE MARKET CHANGES
INTERACTIONS BETWEEN MARKET PARTICIPANTS
RE
PANEL 2: WHOLESALE MARKET CHANGES
Slide 18
PANEL 2:WHOLESALE MARKET CHANGESINTERACTIONS BETWEEN MARKET PARTICIPANTS
PANEL 2: WHOLESALE MARKET CHANGES
INTERACTIONS BETWEEN MARKET PARTICIPANTS
TOPICS• BILATERAL TRADES
(ENERGY, ANCILLARY SERVICES, CAPACITY)• HEDGING INSTRUMENTS
• CRR, DAM PTP OBLIGATIONS• QSE - REP RELATIONSHIP• NODAL MARKET SETTLEMENT
(DAM, RUC, REAL-TIME)
PANEL - 2
Slide 19
RE
PANEL - 2
PANEL MEMBERS:
POWER & GASCONSULTING
STRATUS ENERGY
ERCOT MP2ENERGY
JIM REYNOLDS KIM CASEY STEVE REEDYBRANDON
SCHWERTNER
SHELL ENERGY NORTH
AMERICA
TRAVIS RADTKE
Overview - Serving Load
Energy
Capacity
Ancillary Services
What are the wholesale market costs for serving load?
Slide 21
Overview - Serving Load
Energy and Capacity
Bilateral Trade
Day-Ahead Market
Real-Time Purchase
Energy& Capacity
Energy& Capacity
Energy& Capacity
Energy& Capacity
EnergyEnergy
Slide 22
Overview - Reliability Unit Commitment (RUC)
Capacity Short Charge
Capacity Obligations
Capacity Supply
Capacity Shortfall
Slide 23
QSEs with Capacity Shortfall are assessed Capacity Short ChargesQSEs with Capacity Shortfall are assessed Capacity Short Charges
• Load• Bilateral Sales• DAM Sales
• Resources• Bilateral Purchases• DAM Purchases
Energy Supply
• Generation • DAM Purchase• Bilateral Purchases
Energy Supply
• Generation • DAM Purchase• Bilateral Purchases
Energy Obligations
• Load• DAM Sales• Bilateral Sales
Energy Obligations
• Load• DAM Sales• Bilateral Sales
Overview - Real-Time Operations
Slide 24
ResourceNodes
LoadZones
Hubs
PANEL 2
DISCUSSION
• SPEAK INTO A MICROPHONE• INTRODUCE YOURSELF• KEEP QUESTIONS BRIEF & CONCISE
25
PANEL 3: RETAIL MARKET CHANGES
INTERACTIONS BETWEEN REPS AND
RETAIL CUSTOMERS
PANEL 3: RETAIL MARKET CHANGES
Slide 27
PANEL 3:RETAIL MARKET CHANGESINTERACTIONS BETWEEN RETAIL ELECTRIC PROVIDERS AND CUSTOMERS
PANEL 3: RETAIL MARKET CHANGES
REP’S AND RETAIL CONSUMERS
TOPICS• NODAL MARKET CHARGES• CONTRACTS• PRODUCT AND SERVICE OFFERINGS• CONSUMER PROTECTION
OVERVIEW
Slide 28
Introduction
PANEL 3 MEMBERS:
STARTEX POWER
PUBLIC UTILITIES
COMMISSION OF TEXAS
TEXAS OFFICE OF
PUBLIC UTILITY
COUNSEL
FOX, SMOLEN, AND
ASSOCIATES
STEVE MADDENSHAWNEE
CLAIBORNE-PINTO DANNY BIVENS PAUL SMOLEN
PRIORITY POWER
MANAGEMENT
JOHN BICK
PANEL 3
DISCUSSION
• SPEAK INTO A MICROPHONE• INTRODUCE YOURSELF• KEEP QUESTIONS BRIEF & CONCISE
30
THANK YOU FOR YOUR PARTICIPATION