Transcript Role of Market Monitoring at the NYISO John P. Buechler

Federal Energy Regulatory Commission
Role of Market
Monitoring at the NYISO
John P. Buechler
VP – Market Structures
FERC Open Session • Washington, D.C. • May 18, 2006
NYISO: Redesigned
Organization
(Effective November 21, 2005)
Independent Market
Advisor (IMA)
Board of Directors
IA - reports for
administrative purposes to
Market Structures
Internal Audit
IMA - advises CEO,
Sr. Staff & MMAP
unit
Mark Lynch
President and CEO
Diane Egan
Executive Assistant and Assistant Secretary to the Board
Michael Calimano
VP, Operations
John Buechler
Acting VP, Market
Structures
Charles Garber
VP and Chief
Financial Officer
--Strategic & Business Planning
--Product & Project Mgmt
--Market Monitoring, Analysis
&
Performance
--Compliance & Risk Mgmt
--Market & Employee Training
--Customer Support
Ken Fell
VP and Chief
Information Officer
Robert Fernandez
General Counsel
Garry Brown
VP, External Affairs
Sandra Sanford
VP, Human
Resources
Role & Responsibilities:
MMAP

Administration of NYISO’s FERC-Approved:
• Market Monitoring Plan
• Market Mitigation Measures

Market Monitoring
• Participant Behavior & Market Outcomes
• Mitigation & Investigations

Analysis
• Market Simulations & Market Improvements

Performance
• Daily Market Review & Monthly Performance Reports

Interface with FERC Staff
Role &
Responsibilities: IMA

Advises NYISO Board, CEO & Senior Staff
• Market Design & Performance
• Market Improvements

Advises MMAP
• Market Design & Performance
• Mitigation Design & implementation
• Regulatory Filings

Performs Annual SOM Assessment
• Presents to Board, FERC & NYISO Stakeholders
Resources

MMAP Staff: 23 Personnel
• Includes 3 PhD Economists; Engineers &
Analysts
Independent Market Advisor
 NYISO Staff & Outside Counsel
 Automated Tools

• Production Software (e.g. – AMP); Off-Line Tools
• Simulation Tools (e.g. – PROBE; SCUC)
Manual Policies and Procedures
 Consultation

• Regulatory Staff & Market Participants
Current Priorities
Daily Market Monitoring Activities
 Support of Corporate-Wide
“Excellence-in-Execution” Initiative

• Automation of Manual Processes
• Off-Line Systems Moved to Production Environment
• Enhance Controls & Compliance

Improvement of Analysis Capabilities
• Data Storage and Accessibility
• Interface with Strategic Planning

Environmental Issues