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FERC Technical Conference July 14, 2004 MISO-PJM-TVA Alain Steven Vice President and CTO PJM Interconnection

FERC Technical Conference July 14, 2004 MISO-PJM-TVA Alain Steven Vice President and CTO PJM Interconnection. Joint and Common Market What is it?. A single transparent energy market covering the collective regions Coordinated, security-constrained, bid-based economic dispatch solution

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FERC Technical Conference July 14, 2004 MISO-PJM-TVA Alain Steven Vice President and CTO PJM Interconnection

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  1. FERC Technical Conference July 14, 2004 MISO-PJM-TVA Alain Steven Vice President and CTO PJM Interconnection

  2. Joint and Common MarketWhat is it? • A single transparent energy market covering the collective regions • Coordinated, security-constrained, bid-based economic dispatch solution • Coordinated Planning • Common rules

  3. Joint and Common MarketFour Phases • Phase 1: Coordination of operations to ensure proper congestion management (Market-to-Non-Market) • Phase 2: Coordination of Day-Ahead and Real-Time Constraint management (Market-to-Market) • Phase 3: Common Market Portal • Phase 4: Congestion Management through Integrated Dispatch* * Based on cost/benefits analysis underway

  4. Joint and Common MarketBenefits • Addresses FERC Vision: seams elimination, market design standardization, technology standardization • Builds on the recommendations from the Aug. 14 Task Force, then goes beyond • Significant enhancement to reliability at lower cost • Mitigates market power and promotes price transparency

  5. Scope of Agreements MISO: JOA and Common Market TVA: Reliability Forecasted MISO = 127,000 MW Manitoba Washington New Hampshire Maine Montana North Dakota Vermont Michigan Minnesota Oregon Massachusetts Wisconsin Idaho South Dakota New York Rhode Island Michigan Wyoming Connecticut Iowa Pennsylvania New Jersey Illinois Nebraska Nevada Forecast PJM = 134,500 MW Ohio Delaware Illinois Utah Indiana West Virginia Maryland Colorado California Kansas Virginia District of Columbia Kentucky Missouri North Carolina Tennessee Oklahoma South Arizona Arkansas New Mexico Carolina Georgia Alabama Mississippi Texas Tennessee Valley Authority = 30,000 MW Southwest Power Pool = 39,700 MW Louisiana Florida MW = Generating Capacity

  6. Data Transport Data Transport Data Transport Regional Entity TVA* Control Area Control Area TVA* ITC ITC Common Market Conceptual Design MarketParticipants Internet or VPN Access Enhanced Market Portal RTO Functions (Regional Services) RTO Functions (Regional Services) • Common Market (CM) • Security constrained, bid-based, economic dispatch solution • Day-ahead market solution RTO Data Repository Settlements & Billing Planning Scheduling Operations *TVA interacts with the Common Market Regional Entity

  7. Technology StandardizationThe Road Ahead • Where are we today? • Unprecedented collaboration between RTO/ISOs (ITC) and EMS vendors • Good progress made to-date on the Data Standardization Initiatives • Next steps • Reduce IT costs by achieving further economies of scale • Expand the standardization and industry collaboration to the various software layers

  8. Technology StandardizationSoftware Layers • Value Creation • Reliability • Cost Efficiencies AT Decisions • Application • Information Regional Differences Differentiation Standardization Enabling Information • Networks • Security • Platforms • Data Storage • Monitoring Infrastructure Data

  9. Technology StandardizationInfrastructure • Key Components • Data • Architecture • Characteristics • High costs, low added value • Considerable overlap • Needs the highest level of protection (Cyber security) • Opportunity • Common Design (ITC’s “Reference Architecture”, Data Initiatives) • Build in protection • Collaborative development with system vendors

  10. Technology StandardizationCommon Applications • Key Components • Business Applications • EMS • Characteristics • High costs • Considerable overlap, excessive customization • The differentiation is in the model and the rules, not in the code (i.e. Settlement Application) • Opportunity • Converge to the “Reference Architecture” • Collaborative development with system vendors • Platform for next generation EMS?

  11. Technology StandardizationAdvanced Technology • Key Components • Reliability applications (i.e. Dynamic Security, Super Regional Network Models) • Decision support (i.e. Intelligent Alarming, Visualization) • Characteristics • High added value • Insufficient investment • Opportunity • Collaborative R&D and shared investments

  12. Conclusions • The industry has responded to FERC’s challenge and is making good progress (ITC, Vendors Consortia) • The key challenge is to lower the IT costs in the absence of critical mass, while investing in advanced reliability applications and cyber security • The opportunity exists for further software standardization, productization and cost sharing • An even bigger opportunity exists in the convergence of platforms, applications and network models

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