Market Highlights 1 (November 28 December 11)

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1 Market Highlights 1 (November 28 December 11) The average DLAP price in the integrated forward market was $7.41. The maximum and minimum DLAP prices were $23.34 and $23.3, respectively. The maximum and minimum PNode prices in the integrated forward market were $ and -$86.6 respectively. The top two interties congested in the integrated forward market were MALIN5 and PALOVRDE_ITC. Congestion rents in these two weeks totaled $3,489, The average day-ahead ancillary service prices were between $. and $ Approximately percent of the RUC requirements were met from RA units. The average real-time FMM DLAP price was $6.74, with a maximum price of $ and a minimum price of -$3.12. The maximum and minimum PNode prices in the FMM were $ and -$313.94, respectively. Out of the total 1,344 FMM intervals, intervals saw DLAP prices above $25, and intervals saw DLAP prices below -$15. Out of the total 1,344 FMM intervals, 1 intervals saw ELAP prices above $25 and intervals saw ELAP prices below -$15. The average real-time FMM ELAP price was $52.49, with a maximum price of $975.2 and a minimum price of -$ The average real-time RTD DLAP price was $67.43, with a maximum price of $1,174.6 and a minimum price of -$35.3. The maximum and minimum PNode prices in the RTD were $1, and -$537.18, respectively. Out of the total 4,32 RTD intervals, 58 intervals saw DLAP prices above $25 and interval saw DLAP prices below -$15. Out of the total 4,32 RTD intervals, 63 intervals saw ELAP prices above $25 and 28 intervals saw ELAP prices below -$15. The average real-time RTD ELAP price was $55.65, with a maximum price of $1,44.32 and a minimum price of -$155.. Root causes for daily high price events are noted in Tables 1 and 2. Trade Date FMM Nov 29 HE 9 FMM Nov 29 HE 17 FMM Nov 3 HE 17 Table 1 FMM Intervals Root Cause., renewable deviation, and forced generator outage. 1 A description of the metrics presented in this report is available at Market Quality and Renewable Integration/L.Hernandez 1

2 1 GW Trade Date FMM Dec 1 HE FMM Dec 2 HE 2, 22 FMM Dec 3 HE 6, 7, 17 FMM Dec 5 HE 6 FMM Dec 5 HE 2 FMM Dec 6 HE 19 FMM Dec 7 HE 17 FMM Dec 9 HE 18-2 FMM Dec 11 HE 17 Trade Date RTD Nov 29 HE 8, 14, 21 RTD Nov 29 HE 16 RTD Dec 1 HE 22, 23 RTD Dec 2 HE 2, 22 RTD Dec 3 HE 17 RTD Dec 6 HE 9-1, RTD Dec 8 HE 18 RTD Dec 9 HE 18, 2 RTD Dec 1 HE 8-9 Table 1 FMM Intervals Root Cause. Congestion on 782_TL 23S_OVERLOAD_NG. Congestion on 782_TL234_IV_SPS_NG and renewable deviation Congestion on 641_CP5_NG Congestion on 782_TL 23S_OVERLOAD_NG.. Table 2 RTD Intervals Root Cause, renewable deviation, and forced generator outage Congestion on 782_TL 23S_OVERLOAD_NG. Congestion on 782_TL 23S_OVERLOAD_NG. Congestion on 782_TL 23S_OVERLOAD_NG. Figure 1: Day-Ahead (IFM) LAP LMP and Cleared Bid-In Demand PGAE SCE SDGE VEA Cleared Bid-In Demand (GW) Market Quality and Renewable Integration/L.Hernandez 2

3 1 Congestion Rents (in Millions) Figure 2: Day-Ahead Congestion Rents $7. $6. $5. $4. $3. $2. $1. $. Flow-Gates PALOVRDE_ITC MALIN5 Figure 3: Day-Ahead Congestion Rents for Flow-Based Constraints Congestion Transmission Constraint Rent 2486_LUGO _5_2615_VICTORVL_5_BR_1 _1 $ 11,483, _TL 23S_OVERLOAD_NG $ 759, PAS-BAI-PAR-OOS_NG $ 665, _MIDWAY _5_2942_WIRLWIND_5_BR_1 _2 $ 542, _MWN_NRAS $ 512, _GATES1 _5_36_MIDWAY _5_BR_1 _3 $ 38, _WARNERVL_23_38_WILSON _23_BR_1 _1 $ 341, OMS_ _TL2355_NG $ 33, _BARRE _23_24154_VILLA PK_23_BR_1 _1 $ 227, _LOSBANOS_5_355_GATES1 _5_BR_1 _1 $ 186,399.8 OMS_594391_GATES_MDWY $ 175, _CERTANJ1_115_34121_SHARON T_115_BR_1 _1 $ 139, _SNJOSEB _115_35612_TRIMBLE _115_BR_1 _1 $ 134, _TL234_IV_SPS_NG $ 71, _SHARON T_115_34128_OAKH_JCT_115_BR_1 _1 $ 71, _HUMBOLDT_6._3192_MPLE CRK_6._BR_1 _1 $ 56, _EAGLROCK_23_2459_GOULD _23_BR_1 _1 $ 56, _DEVERS _23_25666_EL CASCO_23_BR_1 _2 $ 39, _HUMBOLDT_6._3188_HMBLT JT_6._BR_1 _1 $ 33, Market Quality and Renewable Integration/L.Hernandez 3

4 1 Congestion Transmission Constraint Rent 31566_KESWICK _6._31582_STLLWATR_6._BR_1 _1 $ 26, _PANOCHET_115_34156_MENDOTA _115_BR_1 _1 $ 24, _SN JSE A_115_3562_EL PATIO_115_BR_1 _1 $ 24, _BERNARDO_69._22676_R.CARMEL_69._BR_1 _1 $ 2, _HUMBOLDT_115_3115_BRDGVLLE_115_BR_1 _1 $ 16, _CARLOTTA_6._3115_RIODLLTP_6._BR_1 _1 $ 16, _GEYERS56_115_3122_EGLE RCK_115_BR_1 _1 $ 9, _CHINO _23_2493_MIRALOM _23_BR_3 _1 $ 9, _JESSTAP _115_31464_COTWDPGE_115_BR_1 _1 $ 8, _CLAIRMNT_69._2214_CLARMTTP_69._BR_1 _1 $ 6, HUMBOLDT_IMP_NG $ 5, _HYMPOMJT_6._31553_BIG BAR _6._BR_1 _1 $ 4, _HUMBOLDT_115_31452_TRINITY _115_BR_1 _1 $ 3, _COTWDPGE_115_315_COTTNWD _23_XF_1 $ 1, _COBURN _6._376_COBURN _23_XF_1 $ _SWNS FLT_6._3111_BRDGVLLE_6._BR_1 _1 $ _MPLE CRK_6._3193_HYMPOMJT_6._BR_1 _1 $ _PRMTFMTP_7._34873_Q484TP _7._BR_1 _1 $ Figure 4: Day-Ahead (IFM) Average A/S Price Non Spin Spin Reg Up Reg Dn Mile Up Mile Dn Market Quality and Renewable Integration/L.Hernandez 4

5 1 1 Figure 5: Day-Ahead Average RUC Price Figure 6: Real-Time FMM Average A/S Price Non Spin Spin Reg Up Reg Dn Mile Up Mile Dn Market Quality and Renewable Integration/L.Hernandez 5

6 1 1 Figure 7: Real-Time FMM DLAP LMP PGAE SCE SDGE VEA Figure 8: Real-Time RTD DLAP LMP PGAE SCE SDGE VEA Market Quality and Renewable Integration/L.Hernandez 6

7 Figure 9: Real-Time FMM ELAP LMP AZPS NEVP PACE PACW PGE PSEI BCHA 1-2 IPCO Figure 1: Real-Time RTD ELAP LMP AZPS BCHA IPCO NEVP Market Quality and Renewable Integration/L.Hernandez PACE PACW PGE 1-4 PSEI 7

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