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Quick-Start Premium. Mario DePillis NEPOOL Markets Committee 5/30/01. Outline of 11-B. Quantity : 11-B.3 Participant Quick-Start Capability Resources Price : 11-B.4 Capability Credits Payee : 11-B.5 Payment To Resource Owners

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  1. Quick-Start Premium Mario DePillis NEPOOL Markets Committee 5/30/01

  2. Outline of 11-B • Quantity: 11-B.3 Participant Quick-Start Capability Resources • Price: 11-B.4 Capability Credits • Payee: 11-B.5 Payment To Resource Owners • Payer: 11-B.6 Participant Monthly Settlement Charges for Quick-Start Capability

  3. 11-B.3 Participant Quick-Start Capability Resources • Resource Eligibility • 10 or 30 minute • Min Run Time <= 1 hour • Price consistent with status as ICAP resource • Opt Out Provisions • May change resource characteristics twice a month. • Adjusted for TMSR designation.

  4. 11-B.3.1.2. Financially Equivalent Quick-Start Resources • FEQSR receives additional payment for spinning reserve not designated. • Resource must forgo NCPC payments to be eligible • Quick-start units do not receive uplift outside hour minimum run time. • Typical FEQSR would be baseload unit thermal unit that forecasts low NCPC.

  5. 11-B.3.2.1. Calculation of a Generator's Monthly TMNSR • Off-line State Capability: • Adjusted for HOL, Claimed TMNSR • On-line State Capability: • FEQSR • Quick-Start • Adjusted for HOL, Ramp Rate, Designated TMSR.

  6. 11-B.3.2.2. Calculation of a Dispatchable Load’s TMNSR • Type 3 and 4 qualify. • Does not require that assets be modeled in EMS. • Uses “Load Available for Dispatch” as defined in MRP 3B. • Load Program qualifies for 30 minute and not for 10 minute.

  7. 11-B.3.3. Calculation of.. TMOR Quick-Start Capability • Again Off-line, On-line, and Dispatchable Load. • TMOR in 3A definition has changed from Net to Gross. Now full capability within 30 minutes. • Gross Measurement Requires Adjustment for 10 Minute payments

  8. 11-B.3.3.1. Generator’s Monthly TMOR Quick-Start Capability • Generator in Off-line State is adjusted for TMNSR Capability • Generator in On-line State is adjusted for any reserves within 10*Ramp Rate. By previous definition this has already been paid as either on-line TMNSR Capability or Designated TMSR.

  9. 11-B.3.3.2. Dispatchable Load’s TMOR Quick-Start Capability • Parallel to TMNSR calculation for Dispatchable Load • Type 6, Class 1 Interruptible Loads are eligible to provide this capability. Added language will reflect this.

  10. 11-B.4. Capability Credits: Calculation of Monthly Incentive • Planning study showed production costing savings of approximately $38 Million for adding additional quick start capacity • 38 Million /(12 Months * 2350 MW)= $1,347/MW-Month • Reserve quantity used was from Day-Ahead Unit Commitment and thus includes 1000MW of capacity margin (replacement reserve)

  11. 11-B.4. Capability Credits • Base Rate is for undifferentiated unit. • TMOR Rate is “derated” to 80% of base rate. • TMNSR Rate is calculated with surplus from TMOR “derating”.

  12. 11-B4.4. Example • Pool Quick-Start Capability = 2500 MW • Base Rate =$1269

  13. 11-B.5 Payment to Resource Owners • Based on ICAP entitlements. • Entitlement weight is simple percent ownership.

  14. 11-B.6. Participant Settlement Charges • Based on TMSR Hourly Load Obligation. • %TMSR Obligation * Pool TMOR Credits • Why not use TMNSR and TMOR obligations? • Quantities, prices, and contracts go away. • Some contracts based on hourly reserve prices which will not exist. • Difficult or impossible to rewrite contracts so that no party loses.

  15. MRP 14-E: Performance Monitoring, Ramp Rate • 14 E, Manual Response Rate, applies to generators on-line. • No change in definition of failure. • Payment reduced to a maximum of 50%. • If non-spin performance 100%, still gets only 50%. • If non-spin performance very poor (defined next), then may get less than 50%.

  16. MRP 14 H: Performance Monitoring, Start-Up Requests • Definition of deficiency not changed. • Examples: • 2 start requests, 1 failure, 1 success, then only 50% success rate and $0 payment. • 3 start requests, 1 failure, 2 success, then 1/2*Credit, or 50% payment for better than 50% performance. • 10 start requests, 1 failure, 9 success, then full Credit, or 100% payment for 90% performance.

  17. MRP 14 H: Performance Monitoring, Start-Up Requests • Infrequently started generator faces higher risk when asked to start, but is not monitored as frequently. Asked to start only in one month, but collects in 11 other months as well. • A Generator with a 50% failure rate should be heavily discounted. • Frequent Start Generators receive 100%.

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