Transcript Seams PresentationOPSI Annual MeetingRaleigh, NCOctober 7

Seams Presentation
OPSI Annual Meeting
Raleigh, NC
October 7, 2013
Stan Williams
Director, Compliance & Settlements
PJM Interconnection
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PJM-MISO JCM Work Plan
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RTO Load, LMP and Interchange on July 18th, 2013
180,000
RTO Total LMP
RTO Hourly MW Load (Preliminary)
RTO Load w/ Economic & Emergency DR
RTO Net Actual Interchange
160,000
160,285 MW with Estimated
Demand Response
Emergency DR
158,156 MW
RTO Peak
$465
140,000
$400
120,000
$298
60,000
96,033 MW
RTO Valley
$77
$250
$266
$200
$173
$130
$95
$28
40,000
$232
4,686 MW
PJM neighbors experience capacity
shortage and requested PJM assistance
$300
7,692 MW
100,000
80,000
$500
$74
$78
$101
$52
$100
Average Interchange Increases
64% from HE14 to HE15
$0
20,000
14:40 - Emergency Load Management Implemented
PECO, PPL, ATSI Zones
Cancelled 18:00
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2
3
4
5
6
7
8
9
10
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15:00 - Emergency Load Management Implemented
AEP Canton Subzone
Cancelled 18:00
12 13 14
Hour Ending
3
15
16
17
18
19
20
21
PJM capacity
assistance to
neighbors no
longer needed.
Sharp
interchange
increase into
PJM
-$100
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NYISO-PJM Interchange Optimization
The objective of Coordinated
Transaction Scheduling (CTS) is
to improve interchange
scheduling efficiency
$ NYISO
• Increase alignment of energy
scheduling with interface prices
$ $ PJM
33%
• Adds the option for Market
Participants to schedule energy
transactions across the
NYISO/PJM interface using an
interface bid
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Proposed CTS Implementation Timeline
Final Joint
Stakeholder
Meeting
Benefit
Assessment
TeleConference
NYISO and
PJM FERC
Filing
PJM Stakeholder
Process
NYISO
Stakeholder
Process
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Independent
NYISO Bidding
Platform MP
Sandbox Testing
Ramp Solution
Implementation
MRC Forward
Price Projection
Performance
Evaluation
FERC
approval
PJM Led Stakeholder Effort
to Establish Price
Performance Expectations
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Implementation
Independent
PJM Sandbox
Testing
MRC Endorsement Vote
for CTS Implementation
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Future Interchange Optimization Opportunities
• Develop an Interchange Optimization solution for the
MISO/PJM Seam
– Part of the current filed JCM Work Plan
• JCM effort underway with completion targeted for May 2014
• Individual stakeholder process expected to continue until November 2014
• Extend Interchange Optimization to non-market Seams
– How could this be accomplished?
– What time frame should be considered?
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