Validating CAISO EIM Settlement Charges for Merchant & BA Groups in Western EIM Market

February 11, 2019 | Newport Beach, CA ::

Many EIM market participants would like to better understand the CAISO EIM settlement charge codes for both Merchant and BA groups, connect the dots between front-office bidding strategies and settlement results, and visualize how settlement results can drive profits for their merchant portfolio (Participating Resources) and charges for their BA portfolio (Loads, Interties, and Non-participating Resources). In the workshop, you will learn how settlement results can be used as a strategic tool to validate EIM settlement statements and invoices, identify settlement errors, submit settlement disputes, compute profits & losses, provide feedback on the effectiveness of bidding strategies, and maximize the bottom-line profits for your assets in the Western EIM Market. The workshop will also provide best practices for your back-office group in the areas of meter validation, shadow settlements, dispute management, and month-end closing.

The seminar covers the following “hot” issues:

What are the main objectives for the Western EIM market?
What are the lessons learned for operating generating assets, loads, and interties in the EIM market?
What are the key settlement charge codes for your merchant portfolio (participating resources) and your BA group (non-participating resources, loads, and interties) in the EIM market?
How does the front-office bidding workflow impact settlement charges in the EIM market?
How can you use master-file data and LMPs to validate 15-minute and 5-minute market awards?
How can you validate the 3 main EIM imbalance-energy charges for your participating resources?
What is the impact of base schedules on EIM imbalance-energy charges?
Why does CAISO need flexible reserves?
How does CAISO pay resources for providing flexible reserves?
How can you validate the CAISO flexible-ramp payments for resources?
How can you validate GHG payments for your resources?
Why and when does CAISO provide bid-cost recovery payments for generators?
What rules does CAISO use to compute bid-cost recovery payments for generators?
How can you use Settlements and P&L metrics to provide feedback to front-office personnel on bidding strategies and market operations?
What are the BA responsibilities in the Western EIM market?
What are the main charge codes for your BA group (loads, interties, and non-participating resources)?
How can you validate the 2 main EIM imbalance-energy charges for non-participating resources, loads, and interties?
What are the potential settlement impacts when submitting late tags?
How does CAISO compute over/under scheduling penalties?
How does CAISO settle for unaccounted-for-energy?
How does CAISO handle over-collected congestion revenues?
What are CAISO offset charges for the BA group?
What are the business objectives for transmission billing?
How do BAs compute annual transmission revenue requirements?
How do BAs bill transmission customers for network and point-to-point services?
How do you allocate EIM settlement charges for BAs to transmission customers?
How is your OATT agreement affected by the EIM market?
What data do you need to validate the EIM settlement statements and invoices?
Why perform shadow settlement? Do you need to have your own shadow settlement software to check the CAISO invoices?
What are the main data sources for shadow settlement?
What are the main causes for settlement disputes? What is the best way for managing settlement disputes?
What method can you use to estimate EIM settlement charges to support month-end closing?
How should you operate your generating assets to maximize their value in the EIM market?
What are the potential impacts of market power mitigation on settlement results?
Should you build a data warehouse to store settlement data?
What IT infrastructure should you build to automate the bid-to-bill process?
How can you best prepare your back-office team for the new EIM market?

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 1.6 CEUs for this event.

Agenda

Monday, February 11, 2019

7:30 – 8:00 a.m. :: Registration & Continental Breakfast

8:00 a.m. – 5:00 p.m. :: Course Timing

12:00 – 1:00 p.m. :: Group Luncheon

Lessons Learned for Operating Generation & Transmission Assets in Western EIM Market

Objectives of Western EIM Market
Key Market Players
Understanding Full-Network Model and Commercial Model
Market Terminology
Key Responsibilities for Merchant and BA Groups
Reviewing RT Bidding Workflow for EIM Merchant Players and BAs
How do RT Unit Commitment (RTUC) and Security-Constrained Economic Dispatch (SCED) Work?
Bid-to-Bill Timeline & Challenges
Lessons Learned from First 4 Years of EIM Market Operations
Quantifying EIM Benefits
Bid-to-Bill Timeline & Challenges
Potential Impacts of EIM Market on Market Participants
New EIM Initiatives (Extended Day-Ahead Market, etc..)
Frequently-Asked Questions about EIM Market

Reviewing EIM Front-Office Workflow for Merchant Group

Reviewing Daily & Hourly Bidding Workflow in EIM
Detailed Walk-Through of an Hour on the EIM Clock (Bids, Awards, Dispatches, Imbalance Management, Updating Forecasts, Updating Outages)
What-if Scenarios (What if a Plant Outage Occurs After T-35, What if Wind Forecast Changes After T-20, What if a Transmission Schedule Changes After the Start of the Hour, etc.)
Need to Forecast Hourly Loads
Run Unit Commitment to Derive Hourly Balanced Resource Plan and Capacity Plan
Submitting Resource and Capacity Plans to ISO
Reviewing EIM Front-Office Workflow for Merchant Group

Reviewing EIM Back-Office Workflow

Reviewing EIM Back-Office Workflow for Merchant & BA Groups
Timeline for Settlement Statements and Invoices
Downloading Settlement Statements and Invoices
Why Perform Shadow Settlement?
Key Functions of Shadow Settlement Software
Managing Settlement Disputes
What Lessons can you Learn from Settlement Disputes?
Understanding Key Charge Codes for Western EIM Market

Validating EIM Charge Codes for Merchant Group

Understanding Key Settlement Charge Codes for Participating Resources
Reviewing EIM Back-Office Workflow for Merchant Group
Using Masterfile Data to Validate 15-minute and 5-minute Market Awards
Computing Energy-Imbalance Payments & Charges for Participating Resources
Computing Flexible-Reserve Payments for Participating Resources
Validating GHG Payments for Participating Resources
Validating Bid-Cost Recovery (BCR) Payments
Understanding EIM Admin Charges

Using Settlement & P&L Metrics to Provide Feedback to Traders

Using Settlement and Production-costing Results to Compute RT Profits & Losses (P&L) for your EIM Genco Portfolio
Key Factors Influencing Profits & Losses
Using P&L Metrics to Provide Feedback to Traders on Effectiveness of EIM Bidding Strategies
Using P&L Metrics to Provide Feedback to Plant Managers on Plant Performance
Using P&L Metrics to Build Key Performance Indices
Settlement Forensics – Where Front and Back Offices Meet
Lessons Learned for Using Business-Intelligence Tools to Analyze Settlement Results and Validate Market Operations

Tuesday, February 12, 2019

7:30 – 8:00 a.m. :: Continental Breakfast

8:00 a.m. – 5:00 p.m. :: Course Timing

12:00 – 1:00 p.m. :: Group Luncheon

Validating EIM Charge Codes for BA Group

Reviewing BA Workflow in EIM Market
Validating Meter Data for Resources, Tie Lines, and Loads
Deadlines for Submitting Meter Data to CAISO
Understanding Key Settlement Charge Codes for BA Group
Computing Energy-Imbalance Payments & Charges for Non-Participating Resources, Interties, and Loads
Computing Actual System Loads
Validating Over/Under Scheduling Penalties
Understanding EIM Offset Charges for Loads
How does CAISO Compute EIM Settlement Charges for Unaccounted-for-Energy?
How does CAISO Handle Over-collections for Congestion?
Lessons Learned on Validating EIM Charge Codes for BA

Goals for Transmission Billing

Understanding OATT Agreement
Computing Annual Transmission Revenue Requirements
Computing Transmission Charges for NITS Customers
Computing Transmission Charges for Point-to-Point Customers
Computing Transmission Charges for Grand Fathered Agreements
Revising OATT Agreement to Reflect EIM Charges
Allocating EIM Settlement Charges to Transmission Customers
Using PCI Transmission Billing to Compute Monthly Invoices for Transmission Customers
Lessons Learned on Transmission Billing

Uses of Locational Marginal Prices in Bidding & Settlement

Using Full Network Model to Compute Nodal Locational Marginal Prices
How are LMPs computed?
Understanding 4 Components of LMPs: Energy, Loss, Congestion, and GHG
Understanding Impacts of Flowgates on Congestion
Can LMPs be Negative?
Real-Time Settlement Calculations

Understanding Market Mitigation

CAISO Objectives for Market Monitoring
Rules for Local Market Power Mitigation
Computing Energy Bid Curves
Market Mitigation Scenarios
Impact of Market Mitigation on EIM Settlements Calculations

Lessons Learned for Validating Settlements in Western EIM Market

What Software Tools and IT Infrastructure do you Need to support your Back-office Workflow in the Western EIM Market?
Training Key Personnel (Traders, Power-Plant Managers, Fuel Procurement, Risk Managers, Load Forecasters, etc…) on 42 EIM Charge Codes
Reviewing Lessons Learned from other EIM Market Participants
What are the key risks in the new EIM Market?

Course Review & Round-Table Discussion

Instructors

Khai Le, Sr. Vice President, PCI

Over the past 42 years, Khai Le has conducted over 700 seminars on market-based operations, bidding strategies, portfolio optimization, and shadow settlement for utilities and ISOs worldwide. He is currently working with market participants in CAISO, MISO, SPP, PJM, ISO-NE, NYISO, and ERCOT to deploy the PCI Suite to automate their bid-to-bill, portfolio-optimization, ETRM, and BA-operations workflows. Khai authored over 100 technical papers on unit commitment, hydro-thermal coordination, emission dispatch, optimization of ancillary services, post analysis, and short-term planning. Five of his papers received prize awards. Khai received his BS from Harvey Mudd College and his MS from Carnegie Mellon University. He is a Fellow of the IEEE and a Registered Professional Engineer in Pennsylvania.

Justin Shearer, Director, PCI

Justin Shearer actively participates in all phases of solution development, deployment, and consulting for market participants in the CAISO MRTU and EIM markets. Justin has been closely involved with the deployment of the PCI EIM suite at NV Energy, Arizona Public Service, Puget Sound Energy, Portland General Electric, and Salt River Project. Justin received both his BA and MBA from the University of Oklahoma.

Suiyi Su, Manager, PCI

Suiyi is the PCI subject matter expert on EIM transmission operations and billing. Suiyi led the implementation of the PCI Transmission-Billing suite at Arizona Public Service, Puget Sound Energy, and Salt River Project. Suiyi obtained his Master’s degree in Industrial and Systems Engineering from the University of Florida.

Location

Renaissance Newport Beach Hotel

4500 MacArthur Blvd

Newport Beach, CA 92660

Reserve your room:

please call 1-949-476-2001

click here to book online

Room Block Reserved For:

Nights of February 10 – 11, 2019

Room rate through EUCI:

$159.00 single or double plus applicable taxes
Make your reservations prior to January 29, 2019.

Venue Information

Register

REGISTER NOW FOR THIS EVENT: