Real-Time Co-Optimization:

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Presentation transcript:

Real-Time Co-Optimization: First Order Decision Points ERCOT

First Order Decision Points for RTC Develop consensus on the AS product set Are Locational Reserves are required? Is there a reliability need? Participation rules for AS in Real-Time Other items from Section 2.12 (RTC scope document) and market participant comments

Product Set Choices Option Products Description 1. Current Products REG/RRS/NSPIN Change RT from what we have today. Merges RT Online and Offline reserves into one product. Same ASDC in both DAM and RT. 2. Non Spin Replaced by SOR/NSOR REG/RRS/SOR/NSOR Change DAM from what we have today. Creates SOR and NSOR products in DAM to mimic current RT products. Same ASDC in both DAM and RT 3. Non Spin from truly Off-Line Resources only REG/RRS/NSOR Change DAM and RT from what we have today. Non Spin provided by truly offline resources in DAM and RT. 4. Hybrid of Option 1 and Option 2 DAM: REG/RRS/NSPIN RT: REG/RRS/SOR/NSOR Closest parallel to current implementation with ORDC B+ in RT. SWOC for DAM is different than RT.. SOR = Spinning Operating Reserve NSOR = Non–Spinning Operating Reserve