Federal Energy Regulatory Commission Role of Market Monitoring at the NYISO John P. Buechler VP – Market Structures FERC Open Session Washington, D.C.

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Presentation transcript:

Federal Energy Regulatory Commission Role of Market Monitoring at the NYISO John P. Buechler VP – Market Structures FERC Open Session Washington, D.C. May 18, 2006

NYISO: Redesigned Organization (Effective November 21, 2005) Charles Garber VP and Chief Financial Officer Diane Egan Executive Assistant and Assistant Secretary to the Board IA - reports for administrative purposes to Market Structures Sandra Sanford VP, Human Resources Garry Brown VP, External Affairs Robert Fernandez General Counsel John Buechler Acting VP, Market Structures Internal Audit Board of Directors Mark Lynch President and CEO Ken Fell VP and Chief Information Officer Michael Calimano VP, Operations --Strategic & Business Planning --Product & Project Mgmt -- Market Monitoring, Analysis & Performance --Compliance & Risk Mgmt --Market & Employee Training --Customer Support Independent Market Advisor (IMA) IMA - advises CEO, Sr. Staff & MMAP unit

Role & Responsibilities: MMAP Administration of NYISO’s FERC-Approved: Administration of NYISO’s FERC-Approved: Market Monitoring PlanMarket Monitoring Plan Market Mitigation MeasuresMarket Mitigation Measures Market Monitoring Market Monitoring Participant Behavior & Market OutcomesParticipant Behavior & Market Outcomes Mitigation & InvestigationsMitigation & Investigations Analysis Analysis Market Simulations & Market ImprovementsMarket Simulations & Market Improvements Performance Performance Daily Market Review & Monthly Performance ReportsDaily Market Review & Monthly Performance Reports Interface with FERC Staff Interface with FERC Staff

Role & Responsibilities: IMA Advises NYISO Board, CEO & Senior Staff Advises NYISO Board, CEO & Senior Staff Market Design & PerformanceMarket Design & Performance Market ImprovementsMarket Improvements Advises MMAP Advises MMAP Market Design & PerformanceMarket Design & Performance Mitigation Design & implementationMitigation Design & implementation Regulatory FilingsRegulatory Filings Performs Annual SOM Assessment Performs Annual SOM Assessment Presents to Board, FERC & NYISO StakeholdersPresents to Board, FERC & NYISO Stakeholders

Resources MMAP Staff: 23 Personnel MMAP Staff: 23 Personnel Includes 3 PhD Economists; Engineers & AnalystsIncludes 3 PhD Economists; Engineers & Analysts Independent Market Advisor Independent Market Advisor NYISO Staff & Outside Counsel NYISO Staff & Outside Counsel Automated Tools Automated Tools Production Software (e.g. – AMP); Off-Line ToolsProduction Software (e.g. – AMP); Off-Line Tools Simulation Tools (e.g. – PROBE; SCUC)Simulation Tools (e.g. – PROBE; SCUC) Manual Policies and Procedures Manual Policies and Procedures Consultation Consultation Regulatory Staff & Market ParticipantsRegulatory Staff & Market Participants

Current Priorities Daily Market Monitoring Activities Daily Market Monitoring Activities Support of Corporate-Wide “Excellence-in-Execution” Initiative Support of Corporate-Wide “Excellence-in-Execution” Initiative Automation of Manual ProcessesAutomation of Manual Processes Off-Line Systems Moved to Production EnvironmentOff-Line Systems Moved to Production Environment Enhance Controls & ComplianceEnhance Controls & Compliance Improvement of Analysis Capabilities Improvement of Analysis Capabilities Data Storage and AccessibilityData Storage and Accessibility Interface with Strategic PlanningInterface with Strategic Planning Environmental Issues Environmental Issues