Market Highlights 1 (January 9 January 22)

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1 Market Highlights 1 (January 9 January 22) The average DLAP price in the integrated forward market was $4.98. The maximum and minimum DLAP prices were $76.25 and $5.9, respectively. The maximum and minimum PNode prices in the integrated forward market were $ and -$93. respectively. The top two interties congested in the integrated forward market were PALOVRDE_ITC and NOB_ITC. Congestion rents in these two weeks totaled $9,681, The average day-ahead ancillary service prices were between $. and $46.. Approximately percent of the RUC requirements were met from RA units. The average real-time FMM DLAP price was $4.33, with a maximum price of $ and a minimum price of $2.3. The maximum and minimum PNode prices in the FMM were $ and -$18.5, respectively. Out of the total 1,344 FMM intervals, intervals saw DLAP prices above $2, and intervals saw DLAP prices below -$1. Out of the total 1,344 FMM intervals, 33 intervals saw ELAP prices above $2 And 11 intervals saw ELAP prices below -$1. The average real-time FMM ELAP price was $32.27, with a maximum price of $1,9.94 and a minimum price of -$ The average real-time RTD DLAP price was $42.68, with a maximum price of $1,61.3 and a minimum price of -$3.3. The maximum and minimum PNode prices in the RTD were $1,64.2 and -$163.85, respectively. Out of the total 4,32 RTD intervals, 44 intervals saw DLAP prices above $2 and interval saw DLAP prices below -$1. Out of the total 4,32 RTD intervals, 129 intervals saw ELAP prices above $2 and 45 intervals saw ELAP prices below -$1. The average real-time RTD ELAP price was $33.42, with a maximum price of $1,18.86 and a minimum price of -$ Root causes for daily high price events are noted in Tables 1 and 2. Trade Date None Table 1 FMM Intervals Root Cause 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 RTD Jan 11 HE 13; Jan 15 HE ; Jan 16 HE 21, Jan 17 HE 15 RTD Jan 12 HE 17 RTD Jan 12 HE 2 RTD Jan 12 HE 21; Jan 13 HE 16; Jan 14 HE 8, 9, 11; Jan 15 HE 9, 14; Jan 21 HE 7, HE 8, HE 9 RTD Jan 12 HE 22; Jan 15 HE 2, HE 21 Table 2 RTD Intervals Root Cause Congestion on 782_TL 23S_OVERLOAD_NG. Changes in load forecast. Load changes and re-dispatch of resources. Load changes and renewable deviation. Load changes and reduction of net imports. 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 $1.6 $1.4 $1.2 $1. $.8 $.6 $.4 $.2 $. Flow-Gates PALOVRDE_ITC NOB_ITC Figure 3: Day-Ahead Congestion Rents for Flow-Based Constraints Transmission Constraint Congestion Rent 2486_LUGO 265_VICTORVL BR_1 _1 $ 3,461,579.7 OMS_ _TL2354_NG $ 496,4.54 OMS_ _LOSBNS_MDWY2 $ 368, _D-ECASCO_OOS_CP6_NG $ 346, _LOSBANOS_23_379_PANOCHE _23_BR_2 _1 $ 251, _KINGSBRG_115_3445_FRWT TAP_115_BR_1 _1 $ 17, _EAGLROCK_23_2459_GOULD _23_BR_1 _1 $ 115, _TL234_IV_SPS_NG $ 81, _MUSTANGS_23_39_GATES _23_BR_1 _1 $ 65, _KASSONJ2_115_33548_TRACY _115_BR_1 _1 $ 55, _KEARNY _69._22496_MISSION _69._BR_1 _1 $ 53, _GATES2 36_MIDWAY BR_2 _3 $ 33, _LCKFRDJB_115_33562_BELLOTA _115_BR_1 _1 $ 31, _JESSTAP _115_31464_COTWDPGE_115_BR_1 _1 $ 27, _CLAIRMNT_69._2214_CLARMTTP_69._BR_1 _1 $ 26, HUMBOLDT_IMP_NG $ 21, _OLD TOWN_69._22873_VINE SUB_69._BR_1 _1 $ 2, _HENRITTA_7._3881_HENRIETA_23_XF_2 $ 7, _ARCO _7._34942_LST HLLS_7._BR_1 _1 $ 3, _HENRIETA_23_3443_HENRETTA_115_XF_3 $ 2, Market Quality and Renewable Integration/L.Hernandez 3

4 1 Figure 3: Day-Ahead Congestion Rents for Flow-Based Constraints (contin.) Congestion Transmission Constraint Rent BLYTHE_BG $ 2, _GATES1 39_GATES _23_XF_11_S $ 1, _HELM _7._34556_STRD JCT_7._BR_1 _1 $ 1, _HMBLT BY_6._31_EEL RIVR_6._BR_1 _1 $ _HUMBOLDT_115_315_BRDGVLLE_115_BR_1 _1 $ _STRD JCT_7._34562_SCHLNDLR_7._BR_1 _1 $ _OTAY _69._22616_OTAYLKTP_69._BR_1 _1 $ _SNJQJCT _7._34469_GFFNJCT _7._BR_1 _1 $ _HUMBOLDT_115_31452_TRINITY _115_BR_1 _1 $ _FRWT TAP_115_3442_CORCORAN_115_BR_1 _1 $ Totals $ 5,649, 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 BCHA PACW PACE NEVP IPCO BCHA AZPS -4 IPCO Figure : Real-Time RTD ELAP LMP AZPS BCHA IPCO NEVP Market Quality and Renewable Integration/L.Hernandez PACE PACW 1-4 PGE PSEI 7

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