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August 7, 2013 - Markets Committee meeting

August 7, 2013 - Markets Committee meeting. Robert B. Burke rburke@iso-ne.com Principal Analyst – Market Development, ISO--NE (413) 535-4356. Demand Response: Asset Auditing and FCM Financial Assurance. Background.

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August 7, 2013 - Markets Committee meeting

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  1. August 7, 2013 - Markets Committee meeting Robert B. Burke rburke@iso-ne.com Principal Analyst – Market Development, ISO--NE (413) 535-4356 Demand Response: Asset Auditing and FCM Financial Assurance

  2. Background • At the January 9, 2013 Markets Committee meeting, during the discussion of the New Demand Response Asset Auditing tariff changes, the MC referred to the DRWG: • Review the FCM Demand Asset auditing process with regard to its impact on the commercial capacity for an FCM Demand Resource. • Presentations made to DRWG include: • Schedule of Verified Commercial Capacity Updates to the Financial Assurance Management System (DRWG, Feb. 27, 2013) • URL: http://www.iso-ne.com/committees/comm_wkgrps/mrkts_comm/dr_wkgrp/mtrls/2013/feb272013/index.html • Asset Auditing Process Impacts (DRWG, Feb. 27, 2013) • URL: http://www.iso-ne.com/committees/comm_wkgrps/mrkts_comm/dr_wkgrp/mtrls/2013/feb272013/index.html • DR Audit (DRWG, April 3, 2013) • URL: http://www.iso-ne.com/committees/comm_wkgrps/mrkts_comm/dr_wkgrp/mtrls/2013/apr32013/index.html

  3. Purpose • Incorporate New Demand Response Asset Audit results into Commercial Capacity determination • Permit release of Financial Assurance for Commercial Capacity to include New Demand Response Asset Audit results

  4. Scope • Clarify that Commercial Operation Audits can occur at times other than the commencement of a Capacity Commitment Period • Clarify that multiple Commercial Operation Audits can be performed • These subsequent audits can only result in an increase in Commercial Capacity or result in no change • Clarify that a Commercial Operation Audit performed in the winter demonstrates the winter qualified capacity that exceeds the summer qualified capacity • Incorporate new asset audits into commercial capacity calculation

  5. New Asset Audits and Commercial Capacity • Commercial Capacity of a Demand Resource determined as the sum of: • Most recent audit values from Seasonal Demand Resource Audit • Plus audit values from New Demand Response Asset Audits • Minus audit values from retired or unmapped assets (as of the end of the audit period in question)

  6. Settlement • When audit results are used in monthly Demand Reduction Value • Resource audit performance is sum of underlying assets dispatched simultaneously during the resource audit • Audit performance of presently mapped assets that were part of resource audit • New Asset audit performance data is combined with the asset level values from the Demand Response Resource Audit when monthly Demand Reduction Value is used in settlement • Plus the audit performance of assets that are now mapped to the resource but were part of another resource when that other resource was audited

  7. Schedule

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