1. No category

NYISO
Energy Marketplace
Nicolé K. Grottoli
Senior Market Trainer
New York Independent System Operator
New Market Orientation Course (NYMOC)
March 24, 2015
Rensselaer, New York
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
Understanding the Energy Marketplace
Forecasting?
Schedules?
Commitment
and
Dispatch?
Entering
Bids and
Offers?
DAM vs. RT
Market?
Two
Settlement
System?
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
2
Energy Marketplace Objectives
 Market Features and Function
 Identify five features of the NYISO Energy Market
 Understand the bidding and scheduling process
as it relates to the Two Settlement System
 Load Forecasting and Bidding
 Describe the LSE and NYISO load forecasting
process
 Identify the different load bidding options
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
3
Objectives – cont’d
 Supply Offers
 Describe the different offer parameters on a
generator offer
 Distinguish between the different generator
operating modes
 Commitment, Dispatch and Market Timeline
 Identify the inputs to the Day-Ahead and Real-Time
commitment and dispatch process.
 Identify the key points of the DAM and RT Market
timelines
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
4
Energy Market Features
1.
Administers purchase/sale of
electrical energy at the wholesale
level
2.
Evaluates competitive bids/offers
3.
Maintains reliability rules while
satisfying system constraints
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
5
Energy Market Features – cont’d
4.
Provides load and generator
schedules
5.
Produces prices for settlement
mechanism
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
6
Day Ahead vs. Real Time Market
Two Settlement System
 Day Ahead Market
 Real Time Market
 Buy and Sell Energy
 Buy and Sell the
the day prior to
actual consumption
or production
 DAM Settlement
based upon
Schedules
 Financially Binding
difference during the
consumption day
 Real Time Market
Balances DAM
Schedule to Actual
Usage
 Balancing Market
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
7
Two Settlement System – PS Example 1
Scenario 1 –
Sell 10 MW at
Real Time LBMP
Forward Contract
Sell 75 MW at
DAM LBMP
75 MW
Generation
Day Ahead Schedule
HB 15
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
Scenario 2 Buy 10 MW at
Real Time
LBMP
85 MW
Actual
Dispatch
OR
65 MW
Actual
Dispatch
Real Time Dispatch
HB 15For Training Purposes Only
88
Two Settlement System – PS Example 1
Power Supplier Selling into Day Ahead Market (DAM)
Hour Beginning
(HB)
DAM MWh
DAM LBMP
$/MWh
DAM Settlement
$
HB 15
75 MWh
$10/MWh
?
Total DAM$
HB 15
?
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
9
Two Settlement System – PS Example 1
Power Supplier Selling into Real Time Market (Balancing)
HB
HB 15
Scenario 1
HB 15
Scenario 2
HB 15
Scenario *3*
RT MWh
(RT – DAM)
RT LBMP
$/MWh
RT Settlement
$
75 MWh
85 MWh
( ? MWh)
$20/MWh
?
75 MWh
65 MWh
( ? MWh)
$20/MWh
?
0 MWh
( ? MWh)
$20/MWh
?
DAM MWh
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
10
Two Settlement System – PS Example 1
Total Power Supplier Settlement $s for HB 15
Scenario
DAM $
RT $
Total $
(DAM $ + RT $)
Scenario 1
$750
$200
?
Scenario 2
$750
- $200
?
Scenario 3
$0
$1500
?
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
11
Two Settlement System – LSE Example 2
Scenario 1 –
Buy 5 MW at Real
Time LBMP
Forward
Contract Buy
45 MW at
DAM LBMP
45 MW
Load
Day Ahead Schedule
HB 07
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
Scenario 2 –
Sell 5 MW at Real
Time LBMP
50 MW
Usage
OR
40 MW
Usage
Real Time Usage
HB 07For Training Purposes Only
12
Two Settlement System – LSE Example 2
Load Serving Entity Buying from Day Ahead Market (DAM)
Hour Beginning
(HB)
DAM MWh
DAM LBMP
$/MWh
DAM Settlement
$
HB 07
- 45 MWh
$30/MWh
?
Total DAM$
HB 07
?
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
13
Two Settlement System – LSE Example 2
Load Serving Entity Buying from Real Time Market (Balancing)
HB
HB 07
Scenario 1
HB 07
Scenario 2
HB 07
Scenario *3*
RT MWh
(RT – DAM)
RT LBMP
$/MWh
RT Settlement
$
- 45 MWh
- 50 MWh
( ? MWh)
$50/MWh
?
- 45 MWh
- 40 MWh
( ? MWh)
$50/MWh
?
0 MWh
( ? MWh)
$50/MWh
?
DAM MWh
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
14
Two Settlement System – LSE Example 2
Total Load Serving Entity Settlement $s for HB 07
Scenario
DAM $
RT $
Total $
(DAM $ + RT $)
Scenario 1
- $1350
- $250
?
Scenario 2
- $1350
$250
?
Scenario 3
$0
- $2250
?
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
15
Checkpoint
Two Settlement System – Exercise 1
Scenario 1 –
Sell 5 MW at Real
Time LBMP
Forward Contract
Sell 100 MW at
DAM LBMP
100 MW
Generation
Day Ahead Schedule
HB 20
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
Scenario 2 Buy 15 MW at
Real Time
LBMP
105 MW
Actual
Dispatch
OR
85 MW
Actual
Dispatch
Real Time Dispatch
HB 20For Training Purposes Only
16
Checkpoint
Two Settlement System – Exercise 1a
Power Supplier Selling into Day Ahead Market (DAM)
Hour Beginning
(HB)
DAM MWh
DAM LBMP
$/MWh
DAM Settlement
$
HB 20
100 MWh
$30/MWh
?
Total DAM$
HB 20
?
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
17
Checkpoint
Two Settlement System – Exercise 1b
Power Supplier Selling into Real Time Market (Balancing)
HB
HB 20
Scenario 1
HB 20
Scenario 2
HB 20
Scenario *3*
RT MWh
(RT – DAM)
RT LBMP
$/MWh
RT Settlement
$
100 MWh
105 MWh
( ? MWh)
$40/MWh
?
100 MWh
85 MWh
( ? MWh)
$40/MWh
?
0 MWh
( ? MWh)
$40/MWh
?
DAM MWh
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
18
Checkpoint
Two Settlement System – Exercise 1c
Total Power Supplier Settlement $s for HB 20
Scenario
DAM $
RT $
Total $
(DAM $ + RT $)
Scenario 1
$3000
$200
?
Scenario 2
$3000
- $600
?
Scenario 3
$0
$4000
?
© 2015
2013 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
19
Load Forecasting and Bidding

Load Forecasting
• Monitoring LSE load forecast
Load Bidding
 Results

© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
20
Load Forecasting and Bidding
 LSE Load Forecast



Used for Initial Billing Purposes
Provided 7 Days in Advance
Can be Updated
•
After DAM closes up until 12:00 Noon the
day after operating day
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
21
Load Forecasting and Bidding
 Monitoring LSE Load Forecasting

NYISO Credit Department
• Monitors LSE Load Forecasting 3x/Month
• Benchmarks
• Forecast vs. Actual Historical Load
• Forecast vs. Monthly UCAP Requirements
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
22
Load Forecasting and Bidding
 Monitoring LSE Load Forecasting

The NYISO Credit Department will monitor all
Market Participants who, on average over the
prior 6 months for the daily forecast, forecasted
90% or less of NYISO projected actual load

1st Review is of Days 1-10
• Performed on or about 12th of month
• Observed under forecasting
• Analysis performed to determine if current daily forecasts are
90% or less of NYISO projected actual load
• NYISO Credit Department may contact LSE
• Objectives:
• Improve LSE load forecasting accuracy
• Reconcile variations
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
23
Load Forecasting and Bidding
 Monitoring LSE Load Forecasting

2nd Review is of Days 1-20
• Performed on or about 22nd of month
• Observed under forecasting
• Analysis performed to determine if current daily forecasts
are 90% or less of NYISO Projected Actual Load
• NYISO Credit Department may contact LSE
• Objectives:
• Improve LSE load forecasting accuracy
• Reconcile variations
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
24
Load Forecasting and Bidding
 Monitoring LSE Load Forecasting

3rd Review is of Entire Month
• Performed on or about 2nd of following
month
• Observed under forecasting
• Analysis performed to determine if current daily forecasts
are 73% or less of NYISO Projected Actual Load
• LSE may be subject to load forecast
replacement
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
25
Load Forecasting and Bidding
 NYISO Load Forecasting

NYISO Forecast used for Scheduling/Reliability
• Historical Data
• Weather
• TO Forecast Submittals
• Zonal basis, then summed

Posted by 8 a.m. Each Day
• 6 Days Provided
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
26
Load Forecasting and Bidding
 Load Bids

Load Serving Entities (LSE) bid to procure
energy from NYISO
• Fixed Bids
• Price Capped Load Bids
• Real Time Energy Purchase
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
27
Load Forecasting and Bidding
 Load Bids

Bids Submitted to Market Information
System (MIS)
• Interface between NYISO and Market
Participants
• Bid, Update, and View
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
28
Load Forecasting and Bidding
 Load Bidding

Fixed Bids
• Load purchases forecasted MWs in DAM
• Regardless of price
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
29
Load Forecasting and Bidding
 Load Bidding
 Price Capped Load Bids
• $/MW Price Load is willing to pay
• 3 Potential Increments
• Increments are Increasing
• Load Forecasts 100 MW
• Bids= 50MW @$25/MW, 30MW @$45/MW, & 20MW
@$60/MW

Combination of Fixed and Price Capped
• Cannot exceed forecast MW

Real Time Energy Purchase
• Done automatically by NYISO
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
30
Load Forecasting and Bidding
Price Cap Load
Fixed Bid
Forecast
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
31
Load Forecasting and Bidding
 Load Bid Results

Bid Status
• Validation Passed
• Data acceptable---no changes necessary
• Validation Failed
• Data will require changes
• Evaluating
• After DAM closes
• Prior to posting
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
32
Load Forecasting and Bidding
 Load Bid Results

Bid Status
• Accepted
• DAM schedule posted
• Rejected
• Settled in Real Time
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
33
Load Forecasting and Bidding
 Load Bid Results

Results Posted
• MW
• LBMP
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
34
Checkpoint
Refer to your handout to
complete the exercise
 Load Bid - Exercise 2

Using the descriptions provided, complete the bid screen
by entering the correct values in the correct fields.

LSE_123 estimates they will need to
consume:
• 120 MWs in HB 0
• 110 MWs in HB 1
• 100 MWs in HB 2
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
35
Checkpoint
Refer to your handout to
complete the exercise
 Load Bid - Exercise 2

LSE _123 wants to purchase:
• 120 MWs in HB 0 regardless of Price
• 110 MWs in HB 1 if it meets their economic
requirements
• 60 MWs @ $20/MWh
• 40 MWs @ $30/MWh
• 10 MWs @ $40/MWh
• 100 MWs in HB 2
• 70 MWs regardless of Price
• 30 MWs if it meets their economic requirements
 20 MWs @ $25/MWh
 10 MWs @ $35/MWh
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
36
Checkpoint
LBMP 1/26/10
HB 0 = $40
HB 1 = $50
HB 2 = $30
 Load Bid – Exercise 2

Using the descriptions provided, complete the bid
screen below by entering the correct values in the
correct fields.
Key:
01/26/2010
LSE_123
120
110
20
30
100
25
35
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
40
For Training Purposes Only
37
Supply Offers

Supply Offer Process
• Unit offer Parameters
• Incremental Energy Offers
• Unit Operating Modes

Results
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
38
Supply Offers

Suppliers submit offers to sell energy to
the NYISO
• Day Ahead Market Offers
• Real Time Market Offers

Offers Submitted to Market Information
System (MIS)
• Interface between NYISO and Market Participants
• Offer, Update, and View
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
39
Supply Offers
 Offer Parameters
 Minimum Run Time
 Offer Parameters
 Maximum Stops/Day
• Minimum hours unit
must run once started
by NYISO

Minimum Down Time
• Minimum hours unit
must be down once decommitted by NYISO
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
• Number of times unit
can be de-committed
in dispatch day

Response Rate
•
•
•
•
MW per minute
Normal
Emergency
Regulation
For Training Purposes Only
40
Supply Offers
 Offer Parameters
 Market
 Offer Parameters
 Start Up
• DAM
• RT

Duration
• Time
• Cost

• Hours Unit wants to
run

Expiration Date of Offer
• DAM Only
• Gen no longer
available for Day
Ahead Supplement
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
Minimum Generation
• Lower Operating Limit
• $/MWh Cost

Upper Operating Limit
• Normal (UOLN)
• Emergency (UOLE)
For Training Purposes Only
41
Supply Offers

Incremental Energy Offers
• $/MWh Offers
• 11 Incremental Offer Blocks
• Ranges from Min Gen to Upper Operating
Limit
• Variable Cost Recovery
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
42
Supply Offers
 Unit Operating Modes

ISO Committed - Economically Selected
• Fixed or Flexible

Self Committed - Price Taker
• Fixed or Flexible

Fixed
• Fixed Operating Levels
• No Change from in Hour Schedule

Flexible
• Flexible Output
• Follow Base Points
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
43
Supply Offers
 Supply Offers – Unit Operating Mode

Bid Page Options
ISO Committed Flexible
Self Committed Fixed
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
Self Committed Flexible
ISO Committed Fixed
For Training Purposes Only
44
Checkpoint
- Exercise 3
Using the descriptions below, match the
values with the correct operating parameter
fields to the left:
•
•
•
•
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
The number of times the unit can be decommitted in a dispatch day is 1.
The time to meet minimum generation after
NYISO notification is 6 hours.
The minimum hours in a dispatch day the unit
must run once started is 4 hours.
The minimum hours in a dispatch day the unit
must be down or off-line is 0 hours.
For Training Purposes Only
45
Supply Offers
UOLN
UOLE
Min Gen
MW
Expiration
(DAM Only)
Start Up Cost
Min Gen
$/Hr
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
46
Checkpoint
Unit Operating Mode - Exercise 4
Select the unit if LBMP is greater
than or equal to offer and run the
unit at MW specified ….
Run unit at MW specified and NYISO
pays whatever the LBMP is …..
Provide base points and NYISO
pays whatever the LBMP is …..
Provide base points and run only if
LBMP is greater than or equal to the
offer …..
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
47
Supply Offers
 Supply Offer Results

Offer Status
• Validation Passed
• Data acceptable---no changes necessary
• Validation Failed
• Data will require changes
• Evaluating
• After DAM (or RT) closes
• Prior to posting
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
48
Supply Offers
 Supply Offer Results

Offer Status
• Accepted
• Unit is committed
• DAM schedule posted
• Rejected
• Unit is not committed
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
49
Supply Offers
 Supply Offer Results

Results Posted
• Market
• MW
• LBMP
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
50
Supply Offers
 Supply Offer Results
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
40
15
0
6
0
40
15
0
6
0
30
15
0
6
0
30
15
0
6
0
For Training Purposes Only
51
Supply Offers
 Out of Economic Merit – OOM



Generator asked to produce different
level of output from schedule
Necessary to Maintain System Reliability
Requested by:
• NYISO
• TO
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
52
Supply Offers
 OOM - Supplemental Payments

Bid Production Cost Guarantee – BPCG
• NYISO guarantees generator will not incur net loss if
generator is committed in DAM or above DAM schedule
• Meets eligibility criteria
• Sum of all hourly values for given day results in net loss

BPCG References
• MST Attachment C
• OATT Schedule 1 Section 4B
• MPUG 7.3.1
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
53
Supply Offers
 OOM - Supplemental Payments

Day Ahead Margin Assurance Payment –
DAMAP
• Payment for generators required to buy back
Energy or Ancillaries in RT, due to
dispatching below DAM schedule
• Meets eligibility criteria

DAMAP References
• MST Attachment J
• Accounting & Billing Manual
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
54
Checkpoint
 Accepted DAM Schedules are Financially Binding
a)
b)
True
False
 The RT Market Balances DAM Schedules to Actual
Production
a)
b)
True
False
 LSEs Bid into the DAM and RT Market to Purchase
Energy
a)
b)
True
False
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
55
Market Process
 Objectives

Commitment and Dispatch
• Minimize the as-bid production cost
• Satisfy system constraints and reliability rules

Time Line
• Bidding available up to 15 days prior to
Operating Day
• DAM closes 5 a.m.
• DAM Schedules and LBMP Posted by 11 a.m.
• RT closes 75 minutes prior to Operating Hour
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
56
Market Process - DAM
 Commitment and Dispatch

DAM uses Security Constrained Unit
Commitment (SCUC)
• DAM Schedules
• Each Hour of the Day
• DAM LBMP
Inputs
NYISO Forecast
Load Bids
Supply Offers
Transactions
Ancillary Services
Virtual
Demand Response
Constraints
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
MIS
SCUC
MIS
Schedules & LBMPs
For Training Purposes Only
57
Market Process
 Commitment and Dispatch

RT Market uses
• Real Time Commitment (RTC)
• Committing Generators for Dispatching
• Advisory RT Base Points
• Advisory RT LBMPs
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
58
Market Process
 Commitment and Dispatch

RT Market also uses
• Supplemental Resource Evaluation (SRE)
• Additional Resource Committal
• Process used to commit additional resources outside
of SCUC and RTC
 Used to preserve system reliability and ensure sufficient
resources to meet forecasted load and reserve
requirements
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
59
Market Process
 Commitment and Dispatch

RT Market also uses
• Real Time Dispatch (RTD)
•
•
•
•
Dispatches Units in RT
5 Minute Base Points
Real Time LBMP
Corrective Action Mode (RTD-CAM)
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
60
Market Process
 RT Commitment and Dispatch
RTD
RTC
Advisory
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
61
Market Process – Real Time
Inputs
MIS
RTC
MIS
RTD
Accepted DAM Bids
New:
Supply Offers
Transactions
Regulation Bids
Constraints
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
Schedules & LBMPs
SRE
RTD - CAM
For Training Purposes Only
62
Market Process – DAM Time Line
One Day before Dispatch Day
Day Ahead Market
Closes
DAM Schedules & LBMPs
Posted
Oct. 2nd
Oct. 1st
5 a.m.
8 a.m.
Midnight
11 a.m.
Midnight
Noon
NYISO Load Forecast
Posted
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
63
Market Process – RT Time Line
Operating Day – Oct. 2nd HB 10
8:45
9:15
10:00
12
12
12
9
3
6
RT Bidding Closes
(75 minutes prior to operating hour)
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
9
3
9
3
6
6
RTC Results Posted
(45 minutes prior to operating hour)
RTD - Operating Hour
(5 minutes intervals)
For Training Purposes Only
64
Checkpoint

SCUC is used in the DAM Process
a)
b)

RTC Dispatches units to run in the RT Market
a)
b)

True
False
The DAM closes at 5:00 a.m.
a)
b)

True
False
True
False
RT Bidding closes 75 minutes prior to the Operating
Hour
a)
b)
True
False
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
65
Marketplace Summary
 Market Features and Function
 Identify five features of the NYISO Energy Market
 Understand the bidding and scheduling process as
it relates to the Two Settlement System
 Load Forecasting and Bidding
 Describe the LSE and NYISO load forecasting
process
 Identify the different load bidding options
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
66
Marketplace Summary
 Supply Offers
 Describe the different offer parameters on a
generator offer
 Distinguish between the different generator
operating modes
 Commitment, Dispatch and Market Timelines
 Identify the inputs to the Day-Ahead and RealTime commitment and dispatch process.
 Identify the key points of the DAM and RT Market
timelines
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
67
© 2015 New York Independent System Operator, Inc. All Rights Reserved.
For Training Purposes Only
68