Ino González RCWG Meeting 2242016 Agenda Current Protocols NPRR617 Energy Offer Flexibility 2 3 Current Protocols Fuel Prices Description of Fuel Prices Fuel Index Price FIP NP Section 2 ID: 479290
Download Presentation The PPT/PDF document "Utilization of Fuel Costs in Ercot Marke..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Utilization of Fuel Costs in Ercot Markets
Ino González
RCWG Meeting
2/24/2016Slide2
Agenda
Current ProtocolsNPRR617– Energy Offer Flexibility
2Slide3
3
Current Protocols – Fuel Prices
Description of Fuel Prices
Fuel Index Price (FIP) – NP Section 2
Fuel
Oil Price (FOP) –
NP
Section 2
Solid Fuel Price ($1.5/
MMBtu
) – NP Section 2 and 5.6.1.2Slide4
4
Rules for Utilizing Fuel Prices – Current Protocols
Offer
VC
1
Offer
CAP
MOC2EOCMWP3CAPCost Guarantee (DAM)Cost Guarantee (RUC)YY% in Offer4% in Offer% in Offern/a (use Offers)n/a (use Offers)YN% in Offer% in Offer% in Offern/a (use Offers)n/a (use Offers)NY% in VC% in VCMin(FIP,FOP)n/a% in VCNNMin(FIP, FOP)Min(FIP, FOP)Min(FIP, FOP)5n/aMin(FIP, FOP)
1
Verifiable Cost
2
Mitigated Offer Cap
3
Make Whole Payment
4
Fuel percent submitted in
Offer
5
Coal and Lignite Generic MWP Cap = $18/
MWhSlide5
5
Rules for Utilizing Fuel Prices – With NPRR 617 Energy Offer Flexibility
Offer
VC
Offer
CAP
MOC
EOC MWP1CAPCost Guarantee (DAM)3Cost Guarantee (RUC)3YY% in Offer% in Offer% in Offer% in VC% in VCYN% in Offer% in Offer% in Offer% in Offer2% in Offer2NY% in VC% in VCMin(FIP,FOP)n/a% in VCNNMin(FIP, FOP)Min(FIP, FOP)Min(FIP, FOP)4n/aMin(FIP, FOP)
1
Make Whole Payment
2
Applicable only to Minimum Energy Cost. Generic Start-Up cost do not contain fuel rates
3
Guarantee Cost = Min(Offer, Resource Cost). Resource Cost based on Generic or
VC
4
Coal
and Lignite Generic MWP Cap = $18/
MWh