Sep 22, 2003Market Operations Standing Committee of the IMO1 Change Management: Market Rules Update John MacKenzie, IMO.

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Presentation transcript:

Sep 22, 2003Market Operations Standing Committee of the IMO1 Change Management: Market Rules Update John MacKenzie, IMO

Sep 22, 2003Market Operations Standing Committee of the IMO2 Goals of Update Update stakeholders on status of market rule development Identify any current requests for specific stakeholder review and comment Solicit feedback on general market rule development issues e.g. process

Sep 22, 2003Market Operations Standing Committee of the IMO3 New Market Rules in Baseline 10 MR-00161: Treatment of Co-generation Facilities (effective 10 Sep 03) MR-00223: Transmission Rights - Participation Requirements and Long-Term Sub-Auctions (effective 12 Jul 03) MR-00230: Generator and Intertie Information Disclosure MR-00234: Revised Operating Reserve Restoration Standards (effective 26 Jul 03)

Sep 22, 2003Market Operations Standing Committee of the IMO4 New Market Rules in Baseline 10 MR-00235: Market Pricing Issues Initiatives - Spare Generation On-Line and Introducing Control Action Operating Reserve into the Market (effective 6 Aug 03) MR-00237: Removing Functional Deferral to Adjust Dispatch Instructions to Defined Metering Point (effective 26 Jul 03) MR-00238: Compensation during Administrative Pricing Event (urgent - effective 30 Jun 03)

Sep 22, 2003Market Operations Standing Committee of the IMO5 New Market Rules in Baseline 10 MR-00239: Eliminate CMSC Payments Associated with Negative Priced Offers (Urgent - effective 26 Jun 03) MR-00243: Limiting CMSC Payments to Constrained- off Exports on Uncontested Export Interties (Urgent - effective 9 Aug 03)

Sep 22, 2003Market Operations Standing Committee of the IMO6 Approved by IMO Board September: MR R00: Allow Unrestricted Revisions to Dispatch Data up to 2 Hours Ahead of Dispatch Hour (effective 27 Sep 03)

Sep 22, 2003Market Operations Standing Committee of the IMO7 Under Development *MR-00242: Management of TR Clearing Account MR-00241: Treatment of Enhanced Combined Cycle Generation Facilities MR-00240: Segregated Mode of Operation Dispatch Data and Request Timing *MR-00225: Clarify Transmitter’s Role in Coordinating Outage Activities *MR-00224: Replace Settlement Reserve Account * submitted for Technical Panel recommendation to IMO Board

Sep 22, 2003Market Operations Standing Committee of the IMO8 Under Development - cont’d MR-00212: Financial Impact of Market Rules vs OEB Codes/Guidelines on LDCs MR-00195: Changes to Congestion Management Settlement Credit regime MR-00121: Treatment of Combined-Cycle Generation Facilities and Related Aggregation

Sep 22, 2003Market Operations Standing Committee of the IMO9 Upcoming Rules Issues Review of Administrative Pricing Rules and Procedures

Sep 22, 2003Market Operations Standing Committee of the IMO10 Feedback Any issues or questions regarding general rule amendment issues?