buyer side mitigation - pdf

BUYER SIDE MITIGATION
ICAP Forecast Assumptions & References for
Class Year 2011 NCZ Examined Projects
NEW YORK INDEPENDENT SYSTEM OPERATOR
MARKET MITIGATION
AND ANALYSIS
ISSUED: March 7, 2014
1. Introduction
This document describes the assumptions and identifies sources for the inputs into the ICAP Forecast
for the buyer-side mitigation (BSM) determinations of NCZ Examined Projects 1 located in the G-J Locality.
It supplements the spreadsheet, posted concurrently, and the “BSM Narrative and Numerical Example,”
which provides information regarding the methodology for the BSM exemption tests, ICAP forecast, and
Offer Floor shaping. 2
2. Demand Curve Parameters
The ICAP Demand Curve used in the BSM ICAP forecasts is calculated using the parameters outlined
in this section. For each parameter, a source is identified and where appropriate, discussed.
2.1. Load Forecast
The Load forecast for the three years comprising that Mitigation Study Period (“MSP”) is taken
from the most recently-published NYISO Load & Capacity Data, i.e., 2013 3 (“Gold Book”), Table I-2b
(“Baseline Forecast of Non-Coincident Peak Demand by Zone – MW”).
2.1.1. The Load Forecast for the G-J Locality
The Load Forecast for the G-J Locality was calculated based on the data set forth in the most
recently-published 2013 Gold Book, Table I-2b, as the sum of the non-coincident peak demand
values for zones G, H, I, and J. The use of this data source is pursuant to the Services Tariff Section
23.4.5.7.2.3.2 and is consistent with the Commission’s direction. 4
2.2. Installed Reserved Margin and Locational Minimum Installed Capacity
Requirements
The Installed Reserve Margin (“IRM”) for the NYCA is the value established by the New York
State Reliability Council (“NYSRC”). 5 The NYCA Minimum Installed Capacity Requirement and the
Locational Minimum Installed Capacity Requirements are derived from the IRM. The Locational
Terms with initial capitalization not defined herein have the meaning set forth in the NYISO’s Market Administration
and Control Area Services Tariff (“Services Tariff”) and if not defined in the Services Tariff, have the meaning set forth
in the NYISO’s Open Access Transmission Tariff.
1
Available at:
˂http://www.nyiso.com/public/webdocs/markets_operations/services/market_monitoring/ICAP_Market_Mitigation
/Buyer_Side_Mitigation/Numerical_Example/BSM_Narrative_and_Numerical_Example%20September%203%202013
.pdf˃.
2
3 Available at: ˂
http://www.nyiso.com/public/webdocs/markets_operations/services/planning/Documents_and_Resources/Planning
_Data_and_Reference_Docs/Data_and_Reference_Docs/2013_GoldBook.pdf˃.
4
See New York Independent System Operator, Inc, 146 FERC ¶ 61,122 (2014, Order on Waiver Request..
See NYSRC New York Control Area Installed Capacity Requirement For the Period May 2014 to April 2015 (December 6, 2013),
available at: ˂ http://www.nysrc.org/pdf/Reports/2014%20IRM%20Report%20Body%20%20Final%2012-6-13.pdf˃.
5
1
Minimum Installed Capacity Requirement (LCR) for each Locality is then established. 6 The LCR for the
G-J Locality was approved by the NYISO’s Operating Committee on January 16, 2014.
2.3. ICAP Demand Curve Reference Points
The ICAP Demand Curve reference points for the NYCA, NYC and LI ICAP Demand Curves are set forth
in the Services Tariff.7 The ICAP Demand Curve reference points for the G-J Locality are set forth in the
NYISO’s February 24, 2014 Compliance Filing to State Currently Effective ICAP Demand Curves.(“Demand Curve
Compliance Filing”). 8
2.4. ICAP/UCAP Derating Factor
The ICAP/UCAP Derating Factor, for each Capability Period, is calculated as the DMNCweighted-average EFORd using the most recent EFORd for generation resources, and the corresponding
seasonal DMNC values, taken from the most recently published Gold Book. 9 However, certain types of
generation, namely Wind Turbine, Conventional Hydro and Photovoltaic, 10 have EFORds that tend to
be very seasonally dependent. For these types of resources, the most recent seasonally appropriate
EFORd was used in calculating the ICAP/UCAP Derating Factor.
2.5. ICAP Demand Curve Zero Crossing Points
The ICAP Demand Curve zero crossing point (“ZCP”) for the NYCA, NYC and LI ICAP
Demand Curves are set forth in Services Tariff Section 5.14.1.2. For the G-J Locality, it is that set forth
in the Demand Curve Compliance Filing.
2.6. Calculated Values
The calculations utilized to determine the UCAP Reference Point, UCAP Requirement, UCAP at
$0 and Demand Curve Slope are described in the BSM Narrative and Numerical Example.
3. Capacity Available
The capacity available input in the BSM ICAP Forecast utilizes the following categories:
3.1. Generation Capacity
The ICAP MW of available generation capacity is that set forth in the most recently published
Gold Book. 11 The ICAP/UCAP Derating Factors, as described in Section 2.4, for each Locality are used
to convert the sum of these values, by location, to UCAP.
6
See, e.g., LCR Report and LCR Recommendations to the NYISO Operating Committee, January 16, 2014.
7
See Services Tariff Section 5.14.1.2 at table.
Commission Docket No. ER14-500-002. See also Order Accepting Tariff Filing Subject to Condition and Denying Waiver, 146
FERC ¶ 61,043 (2014).
8
9
See 2013 Gold Book 2013.
10
See 2013 Gold Book Table III-1: Existing Facilities Codes and Abbreviation.
11
See 2013 Gold Book Table III-2 (“Summer, CRIS-adjusted,” and “Winter”).
2
3.2. Unforced Delivery Rights
Capacity associated with Unforced Capacity Delivery Rights (“UDRs”) is assumed to remain at recent
levels, with actual UCAP imports to NYC being determined considering the relationship between the
forecasted NYC capacity prices and those observed in the relevant PJM auctions. UDRs into NYC are
assumed only to import UCAP if the relevant price spread is favorable. The inclusion of UDRs was
determined in the manner described in the Market Monitoring Unit (“MMU”) reports on the buyer-side
mitigation evaluations. 12 The maximum ICAP MW capability of each UDR facility is based on the amount of
UDRs, which is set forth in the Installed Capacity Manual Section 4.9.6. 13
3.3. Additional Capacity from Examined Facilities
NCZ Examined Projects, are required to submit expected net degraded summer and winter capacity
values as part of the BSM evaluation. The NYISO utilizes validated or alternate appropriate net degraded
summer and winter capacity values throughout the BSM evaluation, including in the ICAP Forecast. These
specific MW values are confidential.
3.4. Additional Capacity from Mothballed Facilities
Units that have submitted a “Notice of Intent to Retire” to the New York Public Service
Commission are removed from the ICAP forecast. Units that have not submitted such notice are included in
the ICAP forecast as price-takers, even if they are removed from the most recently published Gold Book as
available capacity. 14 The ICAP MW values for units removed from the Gold Book that have not yet
provided a Notice of Intent to Retire are the values set forth in the most recent Gold Book for which the
value for such unit(s) were included in the “Existing Generating Facilities” table with non-zero Summer and
Winter MW. The NYISO estimated an appropriate EFORd for use in the ICAP/UCAP translation for each
such resource.
3.5. Capacity Associated with Special Case Resources
The capacity associated with Special Case Resources (“SCRs”) is based on the data underlying Tables
V-2a and V-2b, “NYCA Load and Capacity Schedule,” in the most recently published Gold Book. For the
ICAP/UCAP translation, the most recently available Zonal Performance Factors were used.
3.6. Unoffered Capacity
The ICAP forecast utilized in the BSM examinations assumes that some amount of available capacity is
not offered into the NYISO’s capacity market (“unoffered capacity”). For New York City, Long Island and
the NYCA, this amount is equal to the historic seasonal average of unoffered capacity for the past three like
Capability Periods, adjusted for events that are unlikely to be repeated. Unoffered Capacity electrically
located in Load Zones G, H and I was removed from the NYCA amount, as a separate value was estimated
for the G-J Locality. The amount was calculated as the amount equal to the percent of available capacity that
was assumed to be unoffered in NYC, multiplied by the amount of available capacity in the G-J Locality.
See, e.g., ˂
http://www.nyiso.com/public/webdocs/markets_operations/services/market_monitoring/ICAP_Market_Mitigation/
Buyer_Side_Mitigation/Class_Year_2011/Berrians%20MET%20MMU%20Report__10-15-13.pdf˃.
12
See Installed Capacity Manual Section 4.9.6 at p. 4-57, available at:
˂http://www.nyiso.com/public/webdocs/markets_operations/documents/Manuals_and_Guides/Manuals/Operations
/icap_mnl.pdf˃.14 See, e.g., 2013 Gold Book Table III-2 “Existing Generating Facilities”.
13
14
See, e.g., 2013 Gold Book Table III-2 “Existing Generating Facilities”.
3
3.7. Capacity Subject to an Offer Floor
Capacity that is subject to an Offer Floor is included in the forecast at its Offer Floor. 15 The Offer
Floor values are shaped and inflated through time as described in Section 4 of the BSM Narrative and
Numerical Example. A BSM-mitigated unit ceases to be subject to an Offer Floor for any MW of UCAP that
have cleared for twelve not-necessarily-consecutive months. For the ICAP forecast utilized in the BSM
examinations, the calculation of cleared UCAP MW is based on actual historic cleared MW as of the date of
the determination, and the MW that are anticipated to clear in the future based on the NYISO’s ICAP
forecast.
3.8. Net Imports and Exports to the NYCA
The level of imports into and exports from the NYCA, assumed for the NYCA ICAP forecast, are
determined based on the capacity prices in the neighboring Control Areas relative to the NYCA, subject to
interface limits and deliverability. For HQ, seasonal average levels of historic imports, which are associated
with grandfathered external CRIS rights, are assumed. 16
4. Auction Resolution for a Locality Contained Within Another Locality
When the ICAP Spot Market Auction solves for a Locality that is contained within another Locality,
any unsold capacity is carried over and reoffered into the auction of the Locality in which it is contained. If
an ICAP Spot Market auction for a Locality solves at an MCP lower than a Locality in which it is contained
or the NYCA, it receives the higher MCP of that greater Locality or of the NYCA.
15
See Services Tariff Section 23.4.5.7.
Imports and exports (except associated with a UDRs) are not directly pertinent to the G-J ICAP forecast because they
can only be used to satisfy a NYCA requirement and not an LCR. However, to the extent that the G-J Locality clears at
a lower price than the NYCA its price will be set by the NYCA price. In this event, the level of imports and exports to
the NYCA becomes relevant to the G-J Locality ICAP forecast.
16
4
G‐J Locality ICAP Forecast Inputs for Class Year 2011 NCZ Examined Projects
Date Published: March 7, 2014
Summer
2014
Summer
2015
Summer
2016
Winter
2014/16
Winter
2015/16
Winter
2015/16
G‐J Locality ICAP Reference Point
ICAP/UCAP Translation Factor
G‐J Locality UCAP Reference Point
Load Forecast
G‐J Locality Locational Minimum ICAP Requirement
UCAP Requirement
Demand Curve Length
Zero Crossing Point
Demand Curve Slope per 100 MW
Demand Curve Escalation Factor
Units
$/kW‐mo, ICAP
%
$/kW‐mo, UCAP
MW, ICAP
%
MW, UCAP
none
MW, UCAP
$/kW‐mo
%
12.14
7.36%
13.10
16,127.0
88.0%
13,147.1
1.15
15,119.2
(0.6643)
2.2%
12.41
7.36%
13.39
16,359.0
88.0%
13,336.2
1.15
15,336.7
(0.6694)
2.2%
12.68
7.36%
13.69
16,593.0
88.0%
13,527.0
1.15
15,556.0
(0.6747)
2.2%
12.14
7.13%
13.07
16,127.0
88.0%
13,179.3
1.15
15,156.2
(0.6611)
12.41
7.13%
13.36
16,359.0
88.0%
13,368.9
1.15
15,374.2
(0.6662)
12.68
7.13%
13.65
16,593.0
88.0%
13,560.1
1.15
15,594.1
(0.6711)
Supply (excludes units subject to Offer Floor)
Generation Capacity
Mothballed Units
Municipalities
UDRs
MW, ICAP
MW, ICAP
MW, ICAP
MW, ICAP
13,177.9
630.9
0.0
315.0
13,177.9
630.9
0.0
315.0
13,177.9
630.9
0.0
315.0
14,023.3
675.8
0.0
315.0
14,023.3
675.8
0.0
315.0
14,023.3
675.8
0.0
315.0
Special Case Resources (UCAP)
Unoffered MW (UCAP)
MW, UCAP
MW, UCAP
459.4
52.6
459.4
52.6
459.4
52.6
260.9
39.9
260.9
39.9
260.9
39.9
MW, ICAP
MW, ICAP
Summer
542.2
660.0
Winter
629.8
660.0
Demand Curve
Units Subject to Offer Floor
Astoria Energy II
Hudson Transmission Project
Document
(1)
(2)
=RP_ICAP * (1‐EFORd)
(3) Table I‐2b
(4)
= LF * LCR * (1‐EFORd)
(1)
=UCAP Req * DCL
=(‐100) * RP_UCAP / (ZCP ‐ UCAP Req)
(1)
(3) Table III‐2
(3) Table III‐2, Table IV‐3
(3) Table III‐2
Maximum capability from (6), sales determined per (2)
(3) Zonal totals underlying Table V‐2a & Table V‐2b
(2)
(3) Table III‐2
(3) Table VII‐1
NCZ Examined Projects
CPV Valley Energy Center (queue pos. 251)
Taylor Biomass (queue pos. 349)
Other Class Year 2011 Examined Facilities
Berrians GT I/II (queue pos. 201 & 224)
Expected Retirements
There were no retirement notices for the G‐J Locality after the publication of the 2013 Gold Book.
Source Documents:
(1) NYISO 2014/2017 Demand Parameters
http://www.nyiso.com/public/webdocs/markets_operations/market_data/icap/Reference_Documents/2014‐2017%20Demand%20Curve%20Reset/Demand_Curve_Reset/2014‐2017%20Demand%20Curve%20Parameters%20and%20Demand%20Curves.pdf
(2) ICAP Forecast Assumptions for Class Year 2011 NCZ Examined Projects
(3) 2013 Load & Capacity Data "Gold Book"
http://www.nyiso.com/public/webdocs/markets_operations/services/planning/Documents_and_Resources/Planning_Data_and_Reference_Docs/Data_and_Reference_Docs/2013_GoldBook.pdf
(4) LCR Report and LCR Recommendations to the NYISO Operating Committee, January 16, 2014
(5) Planned Generation Retirements
http://www.nyiso.com/public/markets_operations/services/planning/documents/index.jsp
(6) Installed Capacity Manual Section 4.9.6
http://www.nyiso.com/public/webdocs/markets_operations/documents/Manuals_and_Guides/Manuals/Operations/icap_mnl.pdf
Abbrev.
RP_ICAP
EFORd
RP_UCAP
LF LCR
UCAP Req
DCL
ZCP
DCS
EF
NYC ICAP Forecast Inputs for Class Year 2011 NCZ Examined Projects
Date Published: March 7, 2014
Summer
2014
Summer
2015
Summer
2016
Winter
2014/16
Winter
2015/16
Winter
2015/16
NYC ICAP Reference Point
ICAP/UCAP Translation Factor
NYC UCAP Reference Point
Load Forecast
NYC Locational Minimum ICAP Requirement
UCAP Requirement
Demand Curve Length
Zero Crossing Point
Demand Curve Slope per 100 MW
Demand Curve Escalation Factor
Units
$/kW‐mo, ICAP
%
$/kW‐mo, UCAP
MW, ICAP
%
MW, UCAP
none
MW, UCAP
$/kW‐mo
%
18.56
6.68%
19.89
11,658.0
85.0%
9,247.8
1.18
10,912.4
(1.1949)
2.2%
18.97
6.68%
20.33
11,832.0
85.0%
9,385.8
1.18
11,075.2
(1.2034)
2.2%
19.39
6.68%
20.77
12,006.0
85.0%
9,523.8
1.18
11,238.1
(1.2116)
2.2%
18.56
6.43%
19.84
11,658.0
85.0%
9,272.3
1.18
10,941.3
(1.1887)
18.97
6.43%
20.27
11,832.0
85.0%
9,410.7
1.18
11,104.6
(1.1966)
19.39
6.43%
20.72
12,006.0
85.0%
9,549.1
1.18
11,267.9
(1.2055)
Supply (excludes units subject to Offer Floor)
Generation Capacity
Mothballed Units
Municipalities
UDRs
MW, ICAP
MW, ICAP
MW, ICAP
MW, ICAP
8,953.4
630.9
0.0
315.0
8,953.4
630.9
0.0
315.0
8,953.4
630.9
0.0
315.0
9,771.3
675.8
0.0
315.0
9,771.3
675.8
0.0
315.0
9,771.3
675.8
0.0
315.0
Special Case Resources (UCAP)
Unoffered MW (UCAP)
MW, UCAP
MW, UCAP
384.4
30.8
384.4
30.8
384.4
30.8
226.5
21.9
226.5
21.9
226.5
21.9
MW, ICAP
MW, ICAP
Summer
542.2
660.0
Winter
629.8
660.0
Demand Curve
Units Subject to Offer Floor
Astoria Energy II
Hudson Transmission Project
Document
(1)
(2)
=RP_ICAP * (1‐EFORd)
(3) Table I‐2b
(4)
= LF * LCR * (1‐EFORd)
(1)
=UCAP Req * DCL
=(‐100) * RP_UCAP / (ZCP ‐ UCAP Req)
(1)
(3) Table III‐2
(3) Table III‐2, Table IV‐3
(3) Table III‐2
Maximum capability from (6), sales determined per (2)
(3) Zonal totals underlying Table V‐2a & Table V‐2b
(2)
(3) Table III‐2
(3) Table VII‐1
Class Year 2011 Examined Facilities
Berrians GT I/II (queue pos. 201 & 224)
Expected Retirements
There were no retirement notices for NYC after the publication of the 2013 Gold Book.
Source Documents:
(1) NYISO 2014/2017 Demand Parameters
http://www.nyiso.com/public/webdocs/markets_operations/market_data/icap/Reference_Documents/2014‐2017%20Demand%20Curve%20Reset/Demand_Curve_Reset/2014‐2017%20Demand%20Curve%20Parameters%20and%20Demand%20Curves.pdf
(2) ICAP Forecast Assumptions for Class Year 2011 NCZ Examined Projects
(3) 2013 Load & Capacity Data "Gold Book"
http://www.nyiso.com/public/webdocs/markets_operations/services/planning/Documents_and_Resources/Planning_Data_and_Reference_Docs/Data_and_Reference_Docs/2013_GoldBook.pdf
(4) LCR Report and LCR Recommendations to the NYISO Operating Committee, January 16, 2014
(5) Planned Generation Retirements
http://www.nyiso.com/public/markets_operations/services/planning/documents/index.jsp
(6) Installed Capacity Manual Section 4.9.6
http://www.nyiso.com/public/webdocs/markets_operations/documents/Manuals_and_Guides/Manuals/Operations/icap_mnl.pdf
Abbrev.
RP_ICAP
EFORd
RP_UCAP
LF LCR
UCAP Req
DCL
ZCP
DCS
EF
NYCA ICAP Forecast Inputs for Class Year 2011 NCZ Examined Projects
Date Published: March 7, 2014
NYCA ICAP Reference Point
ICAP/UCAP Translation Factor
NYCA UCAP Reference Point
Load Forecast
NYCA Locational Minimum ICAP Requirement
UCAP Requirement
Demand Curve Length
Zero Crossing Point
Demand Curve Slope per 100 MW
Demand Curve Escalation Factor
Units
$/kW‐mo, ICAP
%
$/kW‐mo, UCAP
MW, ICAP
%
MW, UCAP
none
MW, UCAP
$/kW‐mo
%
Summer
2014
8.84
9.55%
9.77
33,725.0
117.0%
35,691.3
1.12
39,974.2
(0.2281)
2.2%
Summer
2015
9.03
9.55%
9.99
34,138.0
117.0%
36,128.3
1.12
40,463.7
(0.2304)
2.2%
Summer
2016
9.23
9.55%
10.21
34,556.0
117.0%
36,570.7
1.12
40,959.2
(0.2327)
2.2%
Winter
2014/16
8.84
8.24%
9.63
33,725.0
117.0%
36,206.1
1.12
40,550.8
(0.2216)
Supply (excludes units subject to Offer Floor)
Generation Capacity
Mothballed Units
Municipalities
UDRs
MW, ICAP
MW, ICAP
MW, ICAP
MW, ICAP
36,957.8
1,122.3
142.9
1,305.0
36,957.8
1,122.3
142.9
1,305.0
36,957.8
1,122.3
142.9
1,305.0
39,166.9
1,164.6
157.0
1,305.0
39,166.9
1,164.6
157.0
1,305.0
39,166.9
1,164.6
157.0
1,305.0
Special Case Resources (UCAP)
Unoffered MW (UCAP)
MW, UCAP
MW, UCAP
1,208.6
273.4 1,208.6
273.4 1,208.6
273.4 742.0
277.6 742.0
277.6 742.0
277.6 MW, ICAP
MW, ICAP
Summer
542.2
660.0
Winter
629.8
660.0
Demand Curve
Units Subject to Offer Floor
Astoria Energy II
Hudson Transmission Project
Winter
2015/16
9.03
8.24%
9.85
34,138.0
117.0%
36,649.5
1.12
41,047.4
(0.2240)
Winter
2015/16
9.23
8.24%
10.06
34,556.0
117.0%
37,098.2
1.12
41,550.0
(0.2260)
Document
(1)
(2)
=RP_ICAP * (1‐EFORd)
(3) Table I‐2a
(4)
= LF * LCR * (1‐EFORd)
(1)
=UCAP Req * DCL
=(‐100) * RP_UCAP / (ZCP ‐ UCAP Req)
(1)
(3) Table III‐2
(3) Table III‐2, Table IV‐3
(3) Table III‐2
Maximum capability from (6), sales determined per (2)
(3) Zonal totals underlying Table V‐2a & Table V‐2b
(2)
(3) Table III‐2
(3) Table VII‐1
NCZ Examined Projects
CPV Valley Energy Center (queue pos. 251)
Taylor Biomass (queue pos. 349)
Other Class Year 2011 Examined Facilities
Berrians GT I/II (queue pos. 201 & 224)
Expected Retirements: Retirement notices submitted after the publication of the 2013 Gold Book
Station 9, Rochester Gas and Electric Corp.
Syracuse Energy ST1, Syracuse Energy Corporation
Syracuse Energy ST2, Syracuse Energy Corporation
Source Documents:
(1) NYISO 2014/2017 Demand Parameters
http://www.nyiso.com/public/webdocs/markets_operations/market_data/icap/Reference_Documents/2014‐2017%20Demand%20Curve%20Reset/Demand_Curve_Reset/2014‐2017%20Demand%20Curve%20Parameters%20and%20Demand%20Curves.pdf
(2) ICAP Forecast Assumptions for Class Year 2011 NCZ Examined Projects
(3) 2013 Load & Capacity Data "Gold Book"
http://www.nyiso.com/public/webdocs/markets_operations/services/planning/Documents_and_Resources/Planning_Data_and_Reference_Docs/Data_and_Reference_Docs/2013_GoldBook.pdf
(4) New York State Reliability Council, LLC, "New York Control Area Installed Capacity Requirement for the Period May 2014 to April 2015"
http://www.nysrc.org/pdf/Reports/2014%20IRM%20Report%20Body%20%20Final%2012‐6‐13.pdf
(5) Planned Generation Retirements
http://www.nyiso.com/public/markets_operations/services/planning/documents/index.jsp
(6) Installed Capacity Manual Section 4.9.6
http://www.nyiso.com/public/webdocs/markets_operations/documents/Manuals_and_Guides/Manuals/Operations/icap_mnl.pdf
Abbrev.
RP_ICAP
EFORd
RP_UCAP
LF LCR
UCAP Req
DCL
ZCP
DCS
EF
G‐J Locality Default Net CONE Shaping
Date Published: March 7, 2014
Input
Annual ICAP Revenue Requirement
DMNC at 90 degrees Fahrenheit ("ICAP conditions")
Winter DMNC
Summer DMNC
Ratio of Winter to Summer DMNCs for Locality
Demand Curve Length
Escalation Factor
Inflation Rate
Excess
Demand Curve Proxy EFORd
Abbreviation
ARR
Qi
Qw
Qs
R
DCL
EF
IR
Exc
EFORd
Source
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
Calculation
For 2015/2016: ARR inflated with IR
Mitigation Net CONE
Annual Default Offer Floor, ICAP
Summer Monthly Offer Floor, ICAP
Winter Monthly Offer Floor, ICAP
MNC
AOF
SOF
WOF
Calc.
Calc.
Calc.
Calc.
Annual Default Offer Floor, UCAP
Summer Monthly Offer Floor, UCAP
Winter Monthly Offer Floor, UCAP
AOF
SOF
WOF
Calc. AOF/(1‐EFORd)
Calc. AOF*Qi/(6*(Qs+Qw((DCL‐R)/(DCL‐1))))
Calc. SOF*((DCL‐R)/(DCL‐1))
‐‐
‐‐
‐‐
‐‐
‐‐
‐‐
‐‐
ARR*(1‐Exc/(DCL‐1))
0.75*MNC
AOF*Qi/(6*(Qs+Qw((DCL‐R)/(DCL‐1))))
SOF*((DCL‐R)/(DCL‐1))
Units
$/kW‐yr, ICAP
MW, ICAP
MW, ICAP
MW, ICAP
none
none
%
%
%
%
117.67
205.6
225.2
209.4
1.068
1.15
2.2%
2.2%
1.4%
2.17%
120.26
205.6
225.2
209.4
1.068
1.15
2.2%
2.2%
1.4%
2.17%
$/kW‐yr, ICAP
$/kW‐yr, ICAP
$/kW‐mo, ICAP
$/kW‐mo, ICAP
106.69
80.02
8.25
4.50
109.04
81.78
8.44
4.60
$/kW‐yr, UCAP
$/kW‐mo, UCAP
$/kW‐mo, UCAP
81.79
8.44
4.60
83.59
8.62
4.70
Notes: ‐ For Class Year 2011, the Default Net CONE is calculated based on Capability Year 2014, the first year of the Mitigation Study Period.
‐ The inflation rate is equal to the escalation factor of 2.2% in the currently‐accepted ICAP Demand Curves.
‐ The term “Mitigation Net CONE” is currently pending before the Commission in Docket No. ER10‐2371. See New York Independent System Operator, Inc., Resubmittal of August 12, 2010 Filing, Docket No. ER10‐2371‐000 (filed Aug. 24, 2010).
Source Documents:
(1) NYISO 2014/2017 Demand Parameters
http://www.nyiso.com/public/webdocs/markets_operations/market_data/icap/Reference_Documents/2014‐2017%20Demand%20Curve%20Reset/Demand_Curve_Reset/2014‐
2017%20Demand%20Curve%20Parameters%20and%20Demand%20Curves.pdf
(2) Documents under Reference Documents/2014‐2017 Demand Curve Reset/Demand Curve Reset http://www.nyiso.com/public/markets_operations/market_data/icap/index.jsp
Capability Year Capability Year 2014/2015
2015/2016

Download Report