Expanded Virtual Bidding
Flexibility
Ethan Avallone
Associate Market Product Specialist
New York Independent System Operator
MIWG
April 4, 2014
KCC
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
Agenda
 Background
 Requesting Additional Buses
 Bidding
 Credit Requirements
 DSS Report Changes
 Next Steps
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
2
Background

A description of expanded virtual bidding flexibility was
posted as part of materials discussed at the September 20,
2014 Budget & Priorities Working Group (BPWG) meeting
 The NYISO currently allows Market Participants to submit
virtual bids through organization specific buses



These buses are used to bid Virtual Load and Virtual Supply in
each zone
Today, the NYISO administers the creation of these buses
Expanded virtual bidding flexibility will allow 3 VL and 3 VS
bids per zone

Each bid will continue to allow up to 3 price/ quantity pairs
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
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Requesting Additional Buses

Market Participants should direct requests for additional virtual buses
to Member Relations by June 1, 2014 for virtual bidding availability
upon the June release


Market Participants will be able to request a maximum of three pairs of
Virtual Load and Virtual Supply buses per zone
To request additional buses, Market Participants should contact Member
Relations at (518) 356 – 6060 or email requests to
[email protected]

After the June release, Market Participants should continue to direct
requests for additional virtual buses to Member Relations

An email will be sent out to all Market Participants containing
the form to request additional buses
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
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Bidding
 Additional buses will appear in the Bidding &
Scheduling System:


After they are requested from, and approved by, Member
Relations by the June 1, 2014 deadline
Or, after they are requested from, and approved by,
Member Relations after the June deployment
 The bidding process will not change
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
5
Credit Requirements
 Virtual bidding credit requirements will not
change as a result of the implementation of
expanded virtual bidding flexibility
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
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DSS Report Changes
 DSS reports currently display settlements
from Virtual Transactions only at the zonal
level

After the implementation of expanded virtual
bidding flexibility, these reports will also
display Virtual Transactions at the bus level
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
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Next Steps


 April 4, 2014 (MIWG)
 Present Expanded Virtual Bidding Flexibility Changes
 June 1, 2014
 Deadline for Submission of Additional Virtual Bus
Requests
 June 2014 Software Release
 Expanded Virtual Bidding Flexibility Deployment
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
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Questions/ Comments
 Questions/ comments are
welcome:


At this meeting
Email Jonathan Bielecki
([email protected])
© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
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© 2014 New York Independent System Operator, Inc. All Rights Reserved.
DRAFT – FOR DISCUSSION PURPOSES ONLY
10