Market Highlights 1 (February 22 March 7)

Transcription

1 Market Highlights 1 (February 22 March 7) The average DLAP price in the integrated forward market was $ The maximum and minimum DLAP prices were $66.52 and -$7.23, respectively. The maximum and minimum PNode prices in the integrated forward market were $16. and -$ respectively. The top two interties congested in the integrated forward market were MALIN5 and NOB_ITC. Congestion rents in these two weeks totaled $9,71, The average day-ahead ancillary service prices were between $. and $ Approximately percent of the RUC requirements were met from RA units. The average real-time FMM DLAP price was $2.63, with a maximum price of $ and a minimum price of -$ The maximum and minimum PNode prices in the FMM were $4, and -$1,94.99, respectively. Out of the total 1,344 FMM intervals, intervals saw DLAP prices above $25, and 5 intervals saw DLAP prices below -$15. Out of the total 1,344 FMM intervals, 4 intervals saw ELAP prices above $25 and 2 intervals saw ELAP prices below -$15. The average real-time FMM ELAP price was $26.45, with a maximum price of $4, and a minimum price of -$ The average real-time RTD DLAP price was $19.51, with a maximum price of $1,82.87 and a minimum price of -$ The maximum and minimum PNode prices in the RTD were $1,476.6 and -$788.69, respectively. Out of the total 4,32 RTD intervals, 41 intervals saw DLAP prices above $25 and 32 intervals saw DLAP prices below -$15. Out of the total 4,32 RTD intervals, 84 intervals saw ELAP prices above $25 and 66 intervals saw ELAP prices below -$15. The average real-time RTD ELAP price was $22.73, with a maximum price of $1,25.62 and a minimum price of -$ Root cause for daily high price events are noted in Table 1. Trade Date RTD Feb 22 HE 15 RTD Feb 22 HE 17 RTD Feb 24 HE 6 RTD Feb 25 HE 6, 7 Table 1 RTD Intervals Root Cause Contingency run due to renewables deviation and load changes Renewable deviation 1 A description of the metrics presented in this report is available at Market Quality and Renewable Integration/J.Sage 1

2 GW Trade Date RTD Feb 25 HE 14 RTD Feb 25 HE 15 RTD Feb 27 HE 13, 14 RTD Feb 28 HE 9 RTD Feb 28 HE 18, 19 RTD Mar 1 HE 7 RTD Mar 2 HE 7 RTD Mar 3 HE 17 RTD Mar 5 HE 8 RTD Mar 5 HE 18; Mar 6 HE 6 RTD Mar 6 HE 7 RTD Mar 7 HE 13 Table 1 RTD Intervals Root Cause Load changes Renewable deviation and load changes Congestion on PATH15_S-N and renewable deviation Renewable deviation and re-dispatch of resources Re-dispatch of resources Contingency run due to renewables deviation and load changes Renewable deviation and load changes Renewable deviation and reduction of net import Renewable deviation and load changes Figure 1: Day-Ahead (IFM) LAP LMP and Cleared Bid-In Demand PGAE SCE SDGE VEA Cleared Bid-In Demand (GW) Market Quality and Renewable Integration/J.Sage 2

3 Congestion Rents (in Millions) Figure 2: Day-Ahead Congestion Rents $.9 $.8 $.7 $.6 $.5 $.4 $.3 $.2 $.1 $. Flow-Gates MALIN5 NOB_ITC Figure 3: Day-Ahead Congestion Rents for Flow-Based Constraints Congestion Transmission Constraint Rent PATH15_S-N $ 1,535, _TL234_IV_SPS_NG $ 1,423, _CARIBOU _115_3255_CARBOU M_ 1._XF_11 $ 891, OMS LBN_S-N $ 49, _DOUBLTTP_138_223_FRIARS _138_BR_1 _1 $ 333,46.33 IID-SCE_BG $ 274, _SANMATEO_115_33315_RAVENSWD_115_BR_1 _1 $ 114, _MOSSLD _23_379_PANOCHE _23_BR_1 _1 $ 59, _TL 23S_OVERLOAD_NG $ 39, _IMPRLVLY_23_2236_IMPRLVLY_5_XF_81 $ 32, _BIG BEN2_115_31516_WYANDJT2_115_BR_1 _2 $ 27, HUMBOLDT_IMP_NG $ 23, _BANGOR _6._3238_COLGATE _6._BR_1 _1 $ 21, _CASCADE _6._31581_OREGNTRL_6._BR_1 _1 $ 1, _HPLND JT_6._3126_HPLND JT_115_XF_2 $ 7, _KESWICK _6._31582_STLLWATR_6._BR_1 _1 $ 6, _KETTLEMN_7._34552_GATES _7._BR_1 _1 $ 2,36.21 Market Quality and Renewable Integration/J.Sage 3

4 Figure 3: Day-Ahead Congestion Rents for Flow-Based Constraints (cont) Congestion Transmission Constraint Rent 3193_HYMPOMJT_6._31553_BIG BAR _6._BR_1 _1 $ 1, _MAGUNDEN_23_24153_VESTAL _23_BR_1 _1 $ 1, _AEC_TP1 _115_3354_TESLA _115_BR_1 _1 $ _SMRTSVLE_6._32316_YUBAGOLD_6._BR_1 _1 $ _LAMONT _115_3485_ARVINJ1 _115_BR_1 _1 $ _COTWDPGE_115_315_COTTNWD _23_XF_1 $ 34.8 Total $ 5,299, Figure 4: Day-Ahead (IFM) Average A/S Price Non Spin Spin Reg Up Reg Dn Mile Up Mile Dn Market Quality and Renewable Integration/J.Sage 4

5 22-Feb Figure 5: Day-Ahead Average RUC Price Figure 6: Real-Time FMM Average A/S Price Non Spin Spin Reg Up Reg Dn Mile Up Mile Dn Market Quality and Renewable Integration/J.Sage 5

6 22-Feb Figure 7: Real-Time FMM DLAP LMP PGAE SCE SDGE VEA Figure 8: Real-Time RTD DLAP LMP PGAE SCE SDGE VEA Market Quality and Renewable Integration/J.Sage 6

7 22-Feb Figure 9: Real-Time FMM ELAP LMP AZPS NEVP PACE PACW PSEI Figure 1: Real-Time RTD ELAP LMP AZPS NEVP PACE PACW PSEI Market Quality and Renewable Integration/J.Sage 7