Update on Market Trials July 18, 2013
Acronyms CMS – Credit Management System TCR – Transmission Congestion Rights ARR – Auction Revenue Rights
Auction Participation 2013 Phase 2 Annual Auction Round 1 Approximately 4800 ARRs self-converts submitted Approximately 31400 Bids submitted 2013 Monthly Phase 2 for August Ongoing this week
CMS Issues Areas effected Reference Prices for new and updated Settlement Locations Excessive Product Final Reference Prices Caused by CMS’s consumption of a new Commercial Model with new Settlement Locations and updates to existing Settlement Locations
Upcoming Virtual Market Trials Split Go-Live CMS will start seeing Virtual Bids and Offers in the late August timeframe Split Go-Live CMS will have two environments One environment for TCR Go-Live activities that will start in October 2013 One environment for Virtual activities, Day-Ahead activities, Real-Time ENS activities, and Settlements Market Trials