Information Document Capacity Market Auction Guidelines ID #[xxxx-xx]

Transcription

1 s are no auhoriaive. s are for informaion purposes only and are inended o provide guidance. In he even of any discrepancy beween an and any Auhoriaive Documen(s) 1 in effec, he Auhoriaive Documen(s) governs. 1 Purpose This relaes o he following Auhoriaive Documens: Secion of he ISO rules, Capaciy Marke Financial Securiy Requiremens ( Secion ); Secion of he ISO rules, Capaciy Marke Offer Conrol Informaion ( Secion ); Secion of he ISO rules, Delising ( Secion ); Secion of he ISO rules, Qualificaion of Capaciy ( Secion ); Secion of he ISO rules, Self-Supply Configuraions ( Secion ); Secion of he ISO rules, Uniform Capaciy Value Deerminaion ( Secion ); Secion of he ISO rules, Offers and Bids for Capaciy ( Secion ); Secion of he ISO rules, Forward Period Milesone Assessmen ( Secion ); Secion of he ISO rules, Base Aucion and Rebalancing Aucion ( Secion ); Secion of he ISO rules, Capaciy Marke Miigaion ( Secion ); Secion of he ISO rules, Gross Minimum Procuremen Volume ( Secion ); Secion of he ISO rules, Calculaion of Ne-CONE ( Secion ); and Secion of he ISO rules, Shape of Demand Curve ( Secion ). The purpose of his is o describe he caegories of informaion ha will be included in he. Specifically, he following: 2 Background (a) he imeable for he capaciy aucion; (b) demand curve parameers; and (c) daa and indices. As se ou in subsecion 4 of Secion 206.6, he is a documen ha he AESO publishes in advance of each base aucion and rebalancing aucion. I conains informaion a Capaciy Marke Paricipan ( ) will need o know in order o paricipae in he applicable aucion. 3 Transiional Consideraions I is imporan for capaciy marke paricipans o be clear ha during he ransiion period, being he firs 3 obligaion periods, he rebalancing aucion is reaed as he final rebalancing aucion. 1 Auhoriaive Documens is he general name given by he AESO o caegories of documens made by he AESO under he auhoriy of he Elecric Uiliies Ac and associaed regulaions, and ha conain binding legal requiremens for eiher marke paricipans or he AESO, or boh. AESO Auhoriaive Documens include: he ISO rules, he Albera reliabiliy sandards, and he ISO ariff. Posing Dae: xxxx-xx-xx Page 1 of 7 Public

2 4 Timeables The provides he daes by which he AESO, a capaciy marke paricipan, or oher pary mus complee cerain aciviies. Table 1 below is a complee lis of all aciviies associaed wih he capaciy marke aucions, lising any associaed paries. Please noe: The imelines se ou below represen he AESO s curren bes informaion in relaion o he aucion schedules. Timelines may change in he nex version of his informaion documen based on a variey of facors, including sakeholder feedback, ISO rule amendmens, aucion sysem requiremens, and Albera Uiliies Commission decisions. The will include daes for he following: Table 1 Base Aucion Timeable T 11 Qualificaion Provide a compleed qualificaion applicaion and any applicable fee for new capaciy, refurbished capaciy or incremenal capaciy. Provide a declaraion for new capaciy aesaion from a corporae officer as o wheher an asse wih new capaciy will permanenly delis or coninue o paricipae in he energy and capaciy marke. Provide a declaraion for incremenal capaciy aesaion from a corporae officer regarding he anicipaed maximum capabiliy. Provide a declaraion for refurbished capaciy aesaion from a corporae officer regarding wheher he asse will permanenly delis or coninue o paricipae in he energy and capaciy markes. Provide a declaraion for load declare a firm consumpion level or a guaraneed load reducion. Provide a declaraion for impors declare a volume in MW. Submi a reques o emporarily delis an asse for economic reasons (for he las rebalancing aucion) Submi a reques o emporarily delis an asse for physical or operaional limiaions. Submi a noificaion o permanenly delis an asse (for he base aucion or Person / 2(1) 3 4(1) 4(2) 5(1) and 5(2) 6 Secion s. 2(1) 5(1) 11(1) Posing Dae: xxxx-xx-xx Page 2 of 7 Public

3 he firs rebalancing aucion). T 8 Submi a reques o vary he uniform capaciy value of an asse. Submi an applicaion o self-supply capaciy. Noify he capaciy marke paricipan as o wheher he new capaciy, refurbished capaciy or incremenal capaciy is qualified. Approve an applicaion o self-supply capaciy. Ciy of Medicine Ha; legal owner of a load asse Secion s. 10(1) Secion s. 3 AESO 7(4) Secion s. 4 T 8 T 7.5 UCAP Selecion and Offer Conrol Provide an iniial uniform capaciy value and range o he capaciy marke paricipan newly qualified capaciy. Declare he uniform capaciy value ha i will use for he aucion. Submi offer conrol informaion, including a lis of any and all associaes of a capaciy marke paricipan. AESO Secion (2) Secion s.11(1) Secion s. 2 Reques for Reconsideraion and Dispue Resoluion T - 7 T 6 T 6 T 5 Firs Dispue Resoluion Period AESO reques for reconsideraion process AUC dispue resoluion process Noify a capaciy marke paricipan of is assigned uniform capaciy value. AESO Secion s. 11(2) Pos financial securiy. Secion s. 5(1) Marke Power Miigaion Publish he minimum amoun of capaciy a person mus have under is offer conrol o be deermined o have marke power. Idenify hose persons who have marke power. AESO Secion s. 2(1) Secion s. 2(3)(a) Posing Dae: xxxx-xx-xx Page 3 of 7 Public

4 T- 5 Noify a person ha has been idenified as having marke power. Make an applicaion for an asse specific offer price cap Secion s. 2(3)(b) Posing Dae: xxxx-xx-xx Page 4 of 7 Public Reques for Reconsideraion and Dispue Resoluion T-3 Second Dispue Resoluion Period (for marke power miigaion and asse specific offer price caps) AESO reques for reconsideraion process AUC dispue resoluion process T Offer window opens s submi offers Offer Submission & Aucion Clearing AESO Secion T + 1 week Offer window closes and aucion clears AESO Secion Repor Aucion Resuls T + X Pos aucion resuls AESO Secion s.2(2) Table 2 Rebalancing Aucion Timeable T 7 Qualificaion Provide a compleed qualificaion applicaion and any applicable applicaion fee for new capaciy, refurbished capaciy, incremenal capaciy Provide a declaraion for new capaciy - aesaion from a corporae officer as o wheher an asse wih new capaciy will permanenly delis or coninue o paricipae in he marke Provide a declaraion for incremenal capaciy aesaion from a corporae officer regarding he anicipaed maximum capabiliy Provide a declaraion for refurbished capaciy aesaion from a corporae officer regarding wheher he asse will permanenly delis or coninue o paricipae in he energy Person / 2(1) 3 Secion206.1 s. 4(1) 4(2)

5 and capaciy markes Provide a declaraion for load declare a firm consumpion level or a guaraneed load reducion Secion s. 5(1) and 5(2) T 5 Provide a declaraion for impors declare a volume in MW submi a reques o emporarily delis an asse for economic reasons (final rebalancing aucion only) submi a reques o emporarily delis an asse for physical or operaional limiaions submi a noificaion o permanenly delis an asse (firs rebalancing aucion only) submi a reques o vary he uniform capaciy value of an asse submi an applicaion o self-supply capaciy Noify he capaciy marke paricipan as o wheher he new capaciy, refurbished capaciy, or incremenal capaciy is qualified Approve an applicaion o self-supply capaciy Provide he capaciy marke paricipan wih a price based on he remaining avoidable coss (las rebalancing aucion only) Deermine if an asse has achieved he criical milesones prior o he arge compleion dae Ciy of Medicine Ha; legal owner of a load asse Secion s. 6 Secion s. 2(1) 5(1) 11(1) Secion s. 3 Secion s. 10(1) AESO Secion s. 7(4) Secion s.4 Secion s. 3(4) - for approved requess o emporarily delis for economic reasons Secion s. 2(2) T 5 UCAP Selecion and Offer Conrol Noify a capaciy marke paricipan of is assigned uniform capaciy value. AESO Secion s. 11(2) Posing Dae: xxxx-xx-xx Page 5 of 7 Public

6 Declare he uniform capaciy value ha i will use for he aucion. Submi offer conrol informaion, including a lis of any and all associaes of a marke paricipan Secion Secion s. 2 Reques for Reconsideraion & Dispue Resoluion T-4 Dispue Resoluion Period T - 1 T T + 1 week AESO reques for reconsideraion process AUC dispue resoluion process Pos financial securiy Secion s. 5(1) Offer Submission & Aucion Clearing Offer window opens specify he offering window Offer window closes specify he offering window Repor Aucion Resuls AESO Secion AESO Secion T + X Resuls Posed AESO Secion s.2(2) 4 Demand Curve Parameers The AESO deermines he demand curve parameers for each base aucion and rebalancing aucion and, pursuan o subsecion 2(3) of Secion 207.3, will publish he preliminary demand curve in he Capaciy Marke Aucion Guidelines. The demand curve parameers are oulined in he following Table 2: Table 2 Aucion Parameers Aucion Parameer Energy supply shorfall hours (206.8 s. 10(1)) Minimum procuremen volume Demand curve inflecion poin quaniy Demand curve volume a price floor Ne CONE value Price cap Demand curve inflecion poin price Parameers XX hours XX MW XX MW XX MW $/kw yr $/kw yr $/kw yr 5 Daa and Indices Pursuan o subsecion 7 of Secion 207.2, he AESO includes he ne-cone value and he following daa and indices in he. Posing Dae: xxxx-xx-xx Page 6 of 7 Public

7 Table 3 Daa and Indices Name Composie Index =2021/2022 Value (NTD: The AESO will publish he acual values in he Capaciy Marke Aucion Guidelines.) Composie Index Labour Index Maerial Index Turbine US Cos Index USD/CAD Foreign Exchange Rae Energy Marke Expense Forward Power Price Forward Produc Hours Forward Produc Energy Forward Gas Price Commodiy Fuel Charge Variable Operaions and Mainenance Emission Inensiy Esablished Benchmark Carbon Price Transmission Losses Loss Facor i Trading Charge Revision Hisory Posing Dae Descripion of Changes Posing Dae: xxxx-xx-xx Page 7 of 7 Public