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Overview of the New England Generation Information System

Overview of the New England Generation Information System. Ashley Houston Market Development Manager, APX 508.650.2045 ahouston@apx.com. Massachusetts Electric Restructuring Roundtable December 13, 2002 Boston, MA. APX Overview.

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Overview of the New England Generation Information System

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  1. Overview of the New England Generation Information System Ashley HoustonMarket Development Manager, APX508.650.2045 ahouston@apx.com Massachusetts Electric Restructuring Roundtable December 13, 2002Boston, MA

  2. APX Overview • A leading independent transaction processing agent for wholesale electric powermarkets • Supports over 550 TWh in trades globally • Largest independent power scheduler in WSCC/WECC & ERCOT (default Texas QSE) • Back office financial settlements and data processing services • Serves over 200 client companies in WECC, ERCOT, Northeast, UK and Scandinavia • Operates renewable energy markets and title registries in California, Texas, New England and the Midwest.

  3. Overview of GIS • “Attribute Laws” in New England States adopted as a result of electric restructuring

  4. Brief History... • Public policies create need for credible data system to ensure: • value for customers • currency for market participants • verification for regulators • Years of debate ensue…... • Two options investigated • Contract-path tracking • Certificates-based accounting

  5. Concept of Unbundling • Separates the environmental attributes of electric power from the energy commodity • Results in two commodities: • Energy (MWh) • Certificates (environmental attributes) • Certificate - an unbundled tradable commodity that contains fuel source, emission characteristics, etc.

  6. Key Challenge for Renewables… • Capturing the environmental value • Environmental registries: • Create platform for monetization of the environmental value • Facilitate the ability of renewables generators to access an additional revenue stream or “green” premium

  7. In Addition, Environmental Registries... • Facilitate green power and green tag markets • Reduce transaction costs for generators and suppliers • Introduce administrative efficiency • Provide flexibility to meet current/future requirements • Provide third-party verification • Address data confidentiality concerns

  8. APX Environmental Registries • Centralized registries that track generation attributes and title • Registry databases assists all participants to comply with: • RPS and GPS requirements • Disclosure regulations • Product verification • Other purchase requirements

  9. NEPOOL GIS Detail • Accounts for all generation in ISO-NE from source to sink • Authenticates generation attributes and creates base for verifiable tradable certificate markets • Provides emissions data and meets disclosure reporting requirements for users • Automates complicated processes • reserve transactions (green tags) • pumped storage • imports/exports • “residual mix”

  10. Certificate Fields • Asset information • Fuel Source • RPS Eligibility for MA, CT, and ME • Emissions data • Labor characteristics • Vintage • MWh generated • Location • Green-e eligibility

  11. NEPOOL Activity to Date • Over 63 million certificates created for Q1 and Q2 • Nearly 6 million certificates traded during first trading period • 2 million RPS-eligible certificates in Q1, over 6 million in Q2 • All MA RPS eligible certificates settled • Over 100 approved account holders • Nearly 500 of the total 625 generators approved • Several active brokers • Green premiums between $20 and $40/MWh

  12. Other Certificates Activity • PJM - GATS Working Group actively investigating info. system • Ontario - developing regulations for certificates system • NYSERDA - REACTS project • FERC RTO Activity • NARUC resolutions

  13. Questions???

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