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Nodal Market Readiness

Nodal Market Readiness. Cut-Over Activities Kick-Off Meeting. May 25, 2010. Antitrust Admonition. ANTITRUST ADMONITION

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Nodal Market Readiness

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  1. Nodal Market Readiness Cut-Over Activities Kick-Off Meeting May 25, 2010 http://nodal.ercot.com 1

  2. Antitrust Admonition ANTITRUST ADMONITION ERCOT strictly prohibits Market Participants and their employees who are participating in ERCOT activities from using their participation in ERCOT activities as a forum for engaging in practices or communications that violate the antitrust laws. The ERCOT Board has approved guidelines for members of ERCOT Committees, Subcommittees and Working Groups to be reviewed and followed by each Market Participant attending ERCOT meetings. If you have not received a copy of these Guidelines, copies are available at the Client Relations desk. Please remember your ongoing obligation to comply with all applicable laws, including the antitrust laws. DISCLAIMER All presentations and materials submitted by Market Participants or any other Entity to ERCOT staff for this meeting are received and posted with the acknowledgement that the information will be considered public in accordance with the ERCOT Websites Content Management Operating Procedure. http://nodal.ercot.com 2

  3. Agenda • Introduction Kenneth Ragsdale • Cut-Over and Market Transition Lisa Hoover/Kenneth Ragsdale • Background • Scope of Cutover Project • Assumptions for Cutover Approach • Key Cutover Activities • Cutover Timeline • Market Participant Roles & Responsibilities • Cut-Over Communication Kenneth Ragsdale • Next Steps Lisa Hoover • 120 Day Outlook – What’s on the Horizon? Scott Middleton http://nodal.ercot.com 3

  4. Nodal Cut-Over and Market Transition • Topics That Will Be Covered Today • ERCOT’s Cut-Over Scope • - Cut-Over Assumptions, Decisions and Implications • - Key Cut-Over Dates • - High-Level Timeline • Topics That Will Not Be Covered Today • Post Go-Live Activities • 2008 Go-Live Procedure Document • Contingency Plans • System Decommissioning/Retirement Plans http://nodal.ercot.com 4

  5. Nodal Cut-Over and Market Transition - Background ERCOT’s Cut-Over Structure http://nodal.ercot.com 5

  6. Background 8/24/2014 http://nodal.ercot.com 6

  7. http://nodal.ercot.com 7

  8. Nodal Cut-Over and Market Transition - Background • What Type Of Cut-Over Approach is ERCOT Choosing for Go-Live? • Big-bang • Incremental • Parallel • What Does “Cut-Over” Mean? • Essentially to migrate or in some cases, to “cut-over” to a new application or system http://nodal.ercot.com 8

  9. Scope of Cut-Over Project 8/24/2014 http://nodal.ercot.com 9

  10. Scope Nodal Market Readiness • How Time Frame Was Defined • First triggering event necessary to support Cut-Over; includes both business and technical aspects • Pre Go-Live Activities currently ~120 days out (August) • Post Go-Live Activities related to Nodal currently ~180 days after go-live (June 2011) • Scope of Cut-Over for ERCOT • Cut-Over Planning Activities • Training on System and Business Processes • Security and Compliance • Data Preparation, Migration and Reconciliation • Contingency / Fall-Back Plans • Organization and Support Structure • Communication http://nodal.ercot.com 10

  11. Timeline Development Nodal Market Readiness http://nodal.ercot.com 11 • How We Worked Through the Development Process: • Started with Timeline of Business Applications with Earliest Go-Live Dates • Looked at Predecessors and Successors Applications • Incorporated Mid-Stream Dependency Applications • Captured Outstanding Questions • Developed List of Decisions, Proposed Assumptions and Implications • Example of Artifacts Taken into Account: • Texas Nodal Market Go-Live Procedure • Texas Nodal Market 168-Hour Test Procedure • Market Trials Real-Time Market Testing Market Participant Handbook

  12. Cut-Over Decisions 8/24/2014 http://nodal.ercot.com 12

  13. Decisions Nodal Market Readiness • Key Decisions in Developing Nodal Cut-Over Sequence Timeline http://nodal.ercot.com 13

  14. Decisions Nodal Market Readiness • Key Decisions in Developing Nodal Cut-Over Sequence Timeline http://nodal.ercot.com 14

  15. Proposed Assumptions for Cut-Over 8/24/2014 http://nodal.ercot.com 15

  16. Proposed Assumptions Nodal Market Readiness • Proposed Assumptions in Developing Nodal Cut-Over Sequence Timeline Nov30/Dec1-DAM QSE ability to voluntarily procure energy in the DAM and hedge real-time energy costs on Dec 1 along with co-optimizing ancillary services If there is a need to fail-over during the first seven days back to the Zonal Balancing Market, there are significant re-settlement implications Dec7/Dec8-DAM QSEs subject to real-time prices and no AS co-optimization (note that CRRs will carry into Real-time) If there is a need in first 7-days of real-time to fail-over back to the Zonal Balancing Market, there are minimal financial implications (no unwinding of a Day-Ahead Market) http://nodal.ercot.com 16

  17. Proposed Assumptions Nodal Market Readiness • Proposed Assumptions in Developing Nodal Cut-Over Sequence Timeline http://nodal.ercot.com 17

  18. Nodal Market Readiness Key Cut-Over Activities 8/24/2014 http://nodal.ercot.com 18

  19. Key Cut-Over Activities Nodal Market Readiness 2010 September October November December http://nodal.ercot.com 19

  20. Cut-Over Timeline 8/24/2014 http://nodal.ercot.com 20

  21. Cut-Over Timeline Nodal Market Readiness http://nodal.ercot.com 21

  22. Market Participant Role and Responsibilities 8/24/2014 http://nodal.ercot.com 22

  23. Roles and Responsibilities Nodal Market Readiness A Glance at Market Participant Roles and Responsibilities Network Model * load date tbd http://nodal.ercot.com 23

  24. Roles and Responsibilities Nodal Market Readiness A Glance at Market Participant Roles and Responsibilities Outage Scheduler http://nodal.ercot.com 24

  25. Roles and Responsibilities Nodal Market Readiness A Glance at Market Participant Roles and Responsibilities Credit, CRR and Settlements http://nodal.ercot.com 25

  26. Roles and Responsibilities Nodal Market Readiness A Glance at Market Participant Roles and Responsibilities Credit, CRR and Settlements (continued) http://nodal.ercot.com 26

  27. Roles and Responsibilities Nodal Market Readiness A Glance at Market Participant Roles and Responsibilities Markets, Operations and Remaining Protocol Sections http://nodal.ercot.com 27

  28. Cut-Over Communication 8/24/2014 http://nodal.ercot.com 28

  29. Cut-Over Communication Nodal Market Readiness • Methods of Communication • Continued Market Calls • Cut-Over Communication and Announcements • Upcoming Market Participant Dates and Events • Market Notices • Upcoming Protocol Dates • Major Cut-Over Events • Monthly Nodal Update Meeting • Updates at Board of Directors, SNPC, TAC • ERCOT.com • Cut-Over Planning Activities Reference Presentation http://nodal.ercot.com 29

  30. Nodal Market Readiness Next Steps 8/24/2014 http://nodal.ercot.com 30

  31. Next Steps Nodal Market Readiness • Market Readiness Next Steps • Assess Your Readiness • Continue to Actively Engage in Market Trials • ERCOT to Communicate Network Model Transition Plan (June) • Update on Cut-Over to be released on a market call or seminar (July) • Additional Cut-Over Details • Update on Cut-Over and Retirement to be released on a market call or seminar (September) • End Dates of Parallel Support • Decommissioning of Systems • Market Launch Plan (September) http://nodal.ercot.com 31

  32. Next Steps Nodal Market Readiness • Market Readiness Next Steps • Update on Cut-Over and Contingency Plans to be released on a market call or seminar (October) • What Do We Do If xyz fails? • How Long Would It Take To Fail Back to Zonal if We Had to? • Be Aware of Nodal Protocol Dates and Actions Requested • Cut-Over 60-Day Outlook Updates Through Board of Directors, NATF, and TAC http://nodal.ercot.com 32

  33. 120 Day Outlook What’s On The Horizon? May 25, 2010 8/24/2014 http://nodal.ercot.com 33

  34. 120 Day Outlook : May Market Activities Jan Feb Mar Apr May June July Aug Functional Area Targeted Activities for May 2010 • ERCOT ramps to DAM / DRUC 5x / weekly • 2hr LFC closed loop test executed • ERCOT completes Balance of Year auction • ERCOT executes June Monthly CRR Auction • ERCOT releases credit integration • SASM executed as needed • ERCOT executes limited HRUC • ERCOT ramps to reflect protocol timelines on a best effort basis • Real-Time Market • Congestion Revenue Rights • Day-Ahead Market • Reliability Unit Commitment • Outage Scheduler • COMS/Settlements • Network Modeling • Nodal Reports • Credit • Full Integration http://nodal.ercot.com 34

  35. 120 Day Outlook : June Market Activities Jan Feb Mar Apr May June July Aug Functional Area Targeted Activities for June 2010 • Operational scenarios executed • 8hr LFC closed loop test executed • ERCOT executes July Monthly CRR Auction • DAM / DRUC Continues 5x / weekly • SASM executed as needed • ERCOT executes limited HRUC • Protocol timelines on a best effort basis • Real-Time Market • Congestion Revenue Rights • Day-Ahead Market • Reliability Unit Commitment • Outage Scheduler • COMS/Settlements • Network Modeling • Nodal Reports • Credit • Full Integration http://nodal.ercot.com 35

  36. 120 Day Outlook : July Market Activities Jan Feb Mar Apr May June July Aug Functional Area Targeted Activities for July 2010 • Exercise ‘Normal State’ processes and procedures, including weekends • 48hr LFC closed loop test executed • DAM / DRUC executes 7x / weekly for two weeks • ERCOT executes HRUC 7x24 during 7 day weeks • Protocol timelines during 7 day weeks • ERCOT executes August Monthly CRR Auction • SASM executed as needed • Real-Time Market • Congestion Revenue Rights • Day-Ahead Market • Reliability Unit Commitment • Outage Scheduler • COMS/Settlements • Network Modeling • Nodal Reports • Credit • Full Integration http://nodal.ercot.com 36

  37. 120 Day Outlook : August Market Activities Jan Feb Mar Apr May June July Aug Functional Area Targeted Activities for August 2010 • August is reserved for focusing on any issues or scenarios encountered in the first 3 months of Phase 5 • Real time submission continue • ERCOT executes August Monthly CRR Auction • SASM executed as needed • Real-Time Market • Congestion Revenue Rights • Day-Ahead Market • Reliability Unit Commitment • Outage Scheduler • COMS/Settlements • Network Modeling • Nodal Reports • Credit • Full Integration http://nodal.ercot.com 37

  38. Questions? 8/24/2014 http://nodal.ercot.com 38

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