Market Continuity WMS June 8, 2016. PUBLIC What is Market Continuity? The processes by which ERCOT market-related systems and activities are returned.

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Presentation transcript:

Market Continuity WMS June 8, 2016

PUBLIC What is Market Continuity? The processes by which ERCOT market-related systems and activities are returned to normal operations following a triggering event which disables all, or a significant portion of, the necessary data and/or infrastructure for operations of those markets for a long enough period of time that patchwork measures are inadequate. Assumption – if the markets are suspended, the general continuity processes are the same regardless of cause. –Time duration may differ depending on the triggering event. 2

PUBLIC Overview from Market Continuity Workshop ERCOT staff held workshop on May 2nd. –28 in person –48 dialed into WebEx Framing issues by topic –Restarting of the Real Time and Day Ahead Market –Credit policies –Settlements during the interruption and subsequent restoration period –Retail transaction processing TAC directed ERCOT to bring issues to WMS for assignment / discussion. 3

PUBLIC Following Governance Structure 4 TAC Quarterly updates Discuss cross- impacts and options ERCOT Subcommittees Identify cross- impacts Guidance on options ERCOT Working Groups Dig into detailsDevelop options

PUBLIC 5 Real Time Market Day Ahead Market CRRCreditSettlementRetail TopicIssueProposed WG RT / DAMShould DAM be successfully completed before restarting Real-Time Market? If not, should SCED be restarted using mitigated Offers for Operating Days for which DAM has not run? If so, should the prices from those SCED runs be considered as valid prices for settlements? Assigned by WMS on 6/8 to QMWG

PUBLIC 6 Real Time Market Day Ahead Market CRRCreditSettlementRetail TopicIssueProposed WG RT / DAM / CRRWhat to do with the DAM results for the hours with no corresponding RTM runs? If DAM results are invalidated, what about corresponding CRR results? Assigned by WMS on 6/8 to QMWG CRRWhat to do with CRRs with no corresponding RT and DAM? Assigned by WMS on 6/8 to CMWG

PUBLIC 7 TopicIssueProposed WG CreditWould modifications to credit requirements be appropriate to facilitate DAM restart? These might include Temporary provision of unsecured credit Delayed invoice payments Discretionary waiver of collateral calls If so, over what period of time? Assigned by WMS on 6/8 to CWG Real Time Market Day Ahead Market CRRCreditSettlementRetail

PUBLIC 8 TopicIssueProposed WG SettlementShould ERCOT plan to pay generators during the outage event? Assigned by WMS on 6/8 to QMWG SettlementHow are verifiable costs for renewables addressed? Assigned by WMS on 6/8 to RCWG Real Time Market Day Ahead Market CRRCreditSettlementRetail

PUBLIC 9 TopicIssueProposed WG SettlementWhere would interim funding come from? Options could include a standby letter of credit to fund interim payments. Depending upon the nature and duration of the outage event, the cost for make-whole payments could be material. Allocation of make-whole costs to Market Participants would not occur until after the markets are fully restored. This allows time for TDSP meter data submittal and ERCOT settlement reconciliation efforts. Assigned by WMS on 6/8 to CWG SettlementWhat would be the methodology for uplift? How to address meter usage data availability / application of estimation and usage profiles (metered and non-metered accounts)? Assigned by WMS on 6/8 to QMWG Real Time Market Day Ahead Market CRRCreditSettlementRetail

PUBLIC 10 TopicIssueProposed WG RetailWhat are the next steps to agree upon Retail restart procedures? No assignment – ask RMS for guidance RetailDoes anything need to be added to facilitate and scale the Safety Net process for use over a longer period of time? No assignment – ask RMS for guidance RetailHow to address meter data usage availability and loading (backlog processing) No assignment – ask RMS for guidance Real Time Market Day Ahead Market CRRCreditSettlementRetail

PUBLIC Next steps WMS assign issues Discussions for next 2 months at working groups Quarterly updates brought back to TAC for cross impact discussions 11