Module 1 WESM Trading and Operations Final PDF Ok

Module 1: MARKET OPERATIONS AND TRADING
Scheduling, Pricing and Dispatch
Philippine Electricity Market Corporation (PEMC)

Copyright 2012 by Philippine Electricity Market Corporation
Presentation Outline
Hour-ahead Real-time Dispatch (RTD) Effect of Transmission Loss Factor (TLF) on Dispatch and Usage on Scheduling Determination of Ex-ante Price (EAP), RTD Schedule and Ex-ante Quantity (EAQ) for Generator and Load Customer Real-time Expost Dispatch(RTX) Determination of Ex-post Price (EPP) for Generator and Load Customer Examples
2
HOUR-AHEAD REAL TIME DISPATCH (RTD) Ex-Ante
3
HOUR-AHEAD REAL TIME DISPATCH (RTD)

It is the Hour-Ahead Dispatch Schedule which determines the target loading, in MW, of facilities at the end of the trading interval. The RTD calculates the Ex-ante Nodal Prices.
4
HOUR-AHEAD REAL TIME DISPATCH (RTD)

MW
120 100 80 60 40 20 0
H (Start of Trading Interval) Initial MW (EAIQ) for H (Optimized by MMS) Hour - Ahead Dispatch Schedule RTD/Target MW (EATQ) for H+1
Time
H+1 (End of Trading Interval) 5
RTD Market Trading Mechanism

Trading Participant Market Operator System Operator
System Demand Forecast
Market Input Data: Energy offers (Price, Quantity, Ramp Rate)
Market Management System

Market Dispatch Optimization Model (MDOM) Pricing and Scheduling
System Conditions: System Snapshot Outage Schedules Security Limits Contingency Lists Transmission limits Reserve Requirement
6
Table 1.1 - Generator Offers (Trading Participants)

Region Luzon Lhydro_G01 Lgeo_G01 Lcoal_G01 Ldiesel_G01 Lnat_G01 Visayas Vgeo_G01 Vcoal_G01 Vdiesel_G01 Total Participant Pmin (MW) 3,025.00 70.00 110.00 1,080.00 0 1,765.00 465.00 216.00 249.00 0 3,490.00 Quantity Price (MW) (Php/MWh) 6,312.20 684.60 1,000.00 369.00 270.69 2,400.60 2,168.32 143.00 7,469.00 2,715.00 -1.00 1,485.80 616.50 0.00 622.00 1,981.70 247.30 18,500.19 7,798.00 Ramp-rates (MW/min) RRDN RRUP 30 30 3 3 4 4 4 4 6 6 3 4 2 3 4 2
Note: Price-Qty Offer must be up to 10 energy blocks.
7
Table 1.2 - System Demand Forecast (Market Operator)

Luzon Visayas Total Region System Demand* Forecast (MW) 5,348 932.1 6,280.1
Note: * - System Demand = Demand + Losses
8
General Constraint
Generation =
Losses
Demand
9
Effect of Transmission Loss Factors on Dispatch

The incremental transmission losses based on the location of the resource with respect to the reference bus and flow of power on the grid This factor is called the Transmission Loss Factor, or Penalty Factor
TLFi =
1 PLoss 1 Pgen i
Change in System Losses
Change in Units MW Output
10
Usage of Transmission Loss Factors on Scheduling

The amount of power (MW) that needs to be generated/consumed at the resource bus in order to consume/supply 1MW at the reference bus (Richview). The factor that is multiplied to the offer and bids to come up with a value of those offers and bids relative to the reference bus.
11

An increment in generation results in an increase in system losses,
The price offer is adjusted higher
PLoss 0< <1 Pgeni
TLFi =
1 PLoss 1 Pgen i
>1
12

An increase in generation results in a decrease in system losses then: The price offer is adjusted lower
PLoss 0> > 1 Pgeni
TLFi =
1 PLoss 1 Pgen i
<1
13

The generator adjusted as: offer price will be
Adjusted Offer Price = Offer x TLF
14
Table 1.3 - Adjusted Generator Price Offers

Region Luzon Lhydro_G01 Lgeo_G01 Lcoal_G01 Ldiesel_G01 Lnat_G01 Visayas Vgeo_G01 Vcoal_G01 Vdiesel_G01 0.00 1,981.70 18,500.19 1.0243 0.9978 0.9974 0.0000 1,977.34 18,452.09 1,000.00 270.69 2,168.32 7,469.00 -1.00 1.0000 0.9937 1.0013 0.9705 1.0483 1,000.00 268.98 2,171.14 7,248.66 -1.05 Participant Offer Price (Php/MWh) TLF Adjusted Offer Price (Php/MWh)
15
Determination of Generator Dispatch Schedules and System Marginal Price

Price (P/MWh) System Demand Forecast
Adjusted Price Offers System Marginal Price, = (Price Offer x TLF)Marginal Plant
Non-contestable Qty
G2
G3
G4
G5 G5
G1
Schedule Quantity (MW) 16
Non-contestable Qty.: Pmin, Must-run Unit (MRU), New and Renewable Energy and/or Non-scheduled Generator
Determination of Generator Dispatch Schedules and System Marginal Price

Price (P/MWh)
Luzon System Demand Forecast 5,348 MW Over-all System Demand Forecast 6,280.1 MW V isayas System Demand Forecast 932.1 MW
System Marginal Price, = Php 2,171.1/MWh Marginal Plant: Lcoal_G01

Ldiesel_G01 Adj. P = 7248.66 Q = 143 Lcoal_G01 Adj. P= 2171.1 Vcoal_G01 Adj. P= 2002.51 Q= 193 Q = 373
Vdiesel_G01 Adj. P= 18452.09 Q = 247.3
Pmin = 3,490 MW
Vgeo_G01 Adj. P= 0 Qty = 400.5 Lnat_G01 Adj. P = -1.05 Q = 950
Lgeo_G01 Adj. P = 268.98 Q = 259
Lhydro_G01 Adj. P= 1,000 Q = 614.6
Quantity (MW)
Gen Offer = 7,798 MW
17
RTD HVDC Flow
HVDC Flow = 306.40 MW
Luz
Gen Sched = 5,041.60 MW System Demand = 5,348 MW
Vis
Gen Sched = 1,238.5 MW System Demand = 932.1 MW
18
Table 1.4 - Generator Dispatch Schedules

Participants Lnat_G01 Vgeo_G01 Lgeo_G01 Lhydro_G01 Vcoal_G01 Lcoal_G01 Ldiesel_G01 Vdiesel_G01 Total Offered Qty. (MW) 2,715.00 616.5 369 684.6 622 2,400.60 143 247.3 7,798.00 RTD* (MW) 2,715.00 616.5 369 684.6 622 1,273.00 Not Cleared Not Cleared 6,280.10
19
Determination of Load Nodal Schedules

System Demand Forecast per Region Nodal Load Pattern Nodal Demand Schedules per Region
MW
Gen
region
HVDC
System Snapshot Node 1 Node 2 Node 3
MW
LD Node 1
LD Node 2
LD Node 3
20
Table 1.5 - Determination of Load Nodal Schedules

System Demand Forecast: Load Demand Losses System (MW) Demand (MW) (MW) Region Luzon Visayas 5260.6 915.3 87.4 16.8 5,348 932.1 Load MTN: Participants Luzon LC01_L01 LC02_L01 LC03_L01 Visayas VC01_L01 VC02_L01 VC03_L01 VC04_L01 VC05_L01 Total RTD (MW) 5,260.60 1,308.26 2,403.48 1,548.86 915.30 101.00 548.67 151.27 29.95 84.40 6,175.90
21
Table 1.6 - Generator and Load Nodal Schedules

Generator MTN: Participants
Lnat_G01 Vgeo_G01 Lgeo_G01 Lhydro_G01 Vcoal_G01 Lcoal_G01 Ldiesel_G01 Vdiesel_G01 Total
RTD (MW) 2,715.00 616.50 369.00 684.60 622.00 1,273.00 0.00 0.00 6,280.10
Load MTN: Participants Luzon LC01_L01 LC02_L01 LC03_L01 Visayas VC01_L01 VC02_L01 VC03_L01 VC04_L01 VC05_L01 Total
RTD (MW) 5,260.60 1,308.26 2,403.48 1,548.86 915.30 101.00 548.67 151.27 29.95 84.40 6,175.90
22
Determination of Scheduled Nodal Energy Generation/Consumption

MW
120 100
Initial MW (EAIQ) for H Hour - Ahead Dispatch Schedule RTD/Target MW (EATQ) for H+1
EAQ
80 60 40 20 0
H (Start of Trading Interval)
= (EAIQ+ EATQ)
EAQ Ex-ante Qty EAIQ Ex-ante Initial Qty. EATQ Ex-ante Target Qty. Scheduled Nodal Energy Generation / Consumption
Time
H+1 (End of Trading Interval) 23
Table 1.7 - Forecasted/Scheduled Nodal Energy Generation/Consumption Ex-ante Quantity (EAQ)

Generator MTN: EAIQ Resources (MW) Lcoal_G01 1,084.95 Lgeo_G01 Lhydro_G01 Lnat_G01 Vcoal_G01 Vgeo_G01 Ldiesel_G01 Vdiesel_G01 Total 239.05 794.48 2,369.89 349.35 467.60 0 0 5,305.31 Load MTN: EATQ (MW) 1,273.00 369.00 684.60 2,715.00 622.00 616.50 0 0 6,280.10 EAQ (MWh) 1,178.97 304.02 739.54 2,542.44 485.67 542.05 0 0 5,792.70 Resources EAIQ (MW) EATQ (MW) EAQ (MWh) LC01_L01 LC02_L01 LC03_L01 VC01_L01 VC02_L01 VC03_L01 VC04_L01 VC05_L01 Total 1,165.40 1,862.80 1,490.30 82.80 392.20 120.80 26.30 70.90 5,211.50 1,308.26 2,403.48 1,548.86 101.00 548.67 151.27 29.95 84.40 6,175.90 1,236.83 2,133.14 1,519.58 91.90 470.43 136.04 28.13 77.65 5,693.70
24
Nodal Prices/Locational Marginal Prices (LMP)

Marginal cost of supplying the next increment of electric energy at a specific location while considering the generation marginal cost and the physical aspects of the transmission system. LMP
=
Generation Price (SMP)
Cost of Losses
Transmission Congestion Cost
LMPi =
TLF i
* +
j aij
25
Nodal Prices/Locational Marginal Prices (LMP)

If no congestion occurs, LMPi = TLF i
Generator: Load:
PFi = TLFi =
1 1 PL Pgen i
PFi = TLFi =
1 1 + PL Pload i
26
Table 1.8 - Ex-ante Price (EAP) Nodal Price / Locational Marginal Price (LMP)
Generator MTN: Resources Lnat_G01 Vgeo_G01 Lgeo_G01 Lhydro_G01 Vcoal_G01 Lcoal_G01 Ldiesel_G01 Vdiesel_G01 TLF 1.0483 1.0243 0.9937 1.0000 1.0105 1.0013 0.9705 0.9974 EAP (Php/MWh) 2,071.10 2,119.63 2,184.90 2,171.10 2,148.58 2,168.32 2,237.13 2,176.80 Load MTN: Resources LC01_L01 LC02_L01 LC03_L01 VC01_L01 VC02_L01 VC03_L01 VC04_L01 VC05_L01 TLF 0.9704 0.9752 1.0046 0.9919 1.0096 0.9714 0.9611 0.8503 EAP (Php/MWh) 2,237.36 2,226.35 2,161.20 2,188.87 2,150.49 2,235.06 2,259.01 2,553.38
= Php 2,171.1/MWh
27
REAL TIME EX-POST DISPATCH (RTX) Ex-post
28
REAL TIME EX-POST DISPATCH (RTX)

It is a real time dispatch schedule process performed at the end of a trading interval utilizing actual operations data. The RTX calculates the Ex-post Nodal Prices.
29
RTX Market Trading Mechanism

Trading Participant Market Operator System Operator
Market Input Data: Energy offers (Price, Qty, and Ramp Rate
Market Management System

Market Dispatch Optimization Model (MDOM) Pricing and Scheduling
System Condition: System Demand (System Snapshot ) Outage Schedules Security Limits Contingency Lists Transmission limits
32
Table 1.9 - Generator Offers* (Trading Participants)

Region Luzon Lhydro_G01 Lgeo_G01 Lcoal_G01 Ldiesel_G01 Lnat_G01 Visayas Vgeo_G01 Vcoal_G01 Vdiesel_G01 Total Note: Same as Ex-ante Participant Pmin (MW) 3,025.00 70.00 110.00 1,080.00 0 1,765.00 465.00 216.00 249.00 0 3,490.00 Quantity Price (MW) (Php/MWh) 6,312.20 684.60 1,000.00 369.00 270.69 2,400.60 2,168.32 143.00 7,469.00 2,715.00 -1.00 1,485.80 616.50 0.00 622.00 1,981.70 247.30 18,500.19 7,798.00 Ramp-rates (MW/min) RRDN RRUP 30 30 3 3 4 4 4 4 6 6 3 4 2 3 4 2
33
Table 1.10 - RTX System Demand (System Operator)

Luzon Visayas Total Region System Demand* (MW) 5,357.7 963.4 6,321.1
Note: * - System Demand = Genregion HVDC (Import/Export of power) - Based on the system snapshot at the end of the trading interval from SO
34
Table 1.11 - Adjusted Generator Price Offers

Region Luzon Lhydro_G01 Lgeo_G01 Lcoal_G01 Ldiesel_G01 Lnat_G01 Visayas Vgeo_G01 Vcoal_G01 Vdiesel_G01 0.00 1,981.70 18,500.19 1.0067 0.9961 0.9947 0.0000 1,973.97 18,402.14 1,000.00 270.69 2,168.32 7,469.00 -1.00 1.0000 0.9956 1.0004 0.9778 1.0442 1.0000 269.50 2,169.19 7,303.19 -1.04 Resources Offer Price (Php/MWh) TLF Adjusted Offer Price (Php/MWh)
35
Determination of System Marginal Price

Price (P/MWh)
Luzon System Demand Forecast 5,357.7 MW Over-all System Demand 6,321.1 MW V isayas System Demand Forecast 963.4 MW
System Marginal Price, = Php 2,169.19/MWh Marginal Plant: Lcoal_G01

Ldiesel_G01 Adj. P = 7303.19 Q = 143 Lcoal_G01 Adj. P= 2169.19 Vcoal_G01 Adj. P= 1973.97 Q= 234 Q = 373
Vdiesel_G01 Adj. P= 18402.14 Q = 247.3
Pmin = 3,490 MW
Vgeo_G01 Adj. P= 0 Qty = 400.5 Lnat_G01 Adj. P = -1.04 Q = 950
Lgeo_G01 Adj. P = 269.50 Q = 259
Lhydro_G01 Adj. P= 1,000 Q = 614.6
Quantity (MW)
Gen Offer = 7,798 MW
36
RTX HVDC Flow
HVDC Flow = 275.10 MW
Luz
Gen Sched = 5,082.60 MW System Demand = 5,357.70 MW
Vis
Gen Sched = 1,238.5 MW System Demand = 963.4 MW
37
Table 1.12 - Ex-post Price (EPP)

Nodal Price / Locational Marginal Price (LMP)
Generator MTN: Resources Lnat_G01 Vgeo_G01 Lgeo_G01 Lhydro_G01 Vcoal_G01 Lcoal_G01 Ldiesel_G01 Vdiesel_G01 TLF 1.0442 1.0067 0.9956 1.0000 0.9961 1.0004 0.9778 0.9947 EPP (Php/MWh) 2,077.37 2,154.75 2,178.77 2,169.19 2,177.68 2,168.32 2,218.44 2,180.75 Load MTN: Resources LC01_L01 LC02_L01 LC03_L01 VC01_L01 VC02_L01 VC03_L01 VC04_L01 VC05_L01 TLF 0.9782 0.9826 1.0074 0.9753 1.0005 0.9837 0.9569 0.8753 EPP (Php/MWh) 2,217.53 2,207.60 2,153.25 2,224.12 2,168.10 2,205.13 2,266.89 2,478.22
= Php 2,169.19/MWh
Marginal Plant:Lcoal_G01
38
Table 1.13 - Ex-ante and Ex-post Prices and Schedules (Generator MTN)
Generator MTN: Resources Lcoal_G01 Lgeo_G01 Lhydro_G01 Lnat_G01 Vcoal_G01 Vgeo_G01 Ldiesel_G01 Vdiesel_G01 EAIQ (MW) EATQ (MW) EAQ (MWh) EAP (Php/MWh) EPP (Php/MWh) 1,084.95 1,273.00 1,178.97 2,168.32 2,168.32 239.05 369.00 304.02 2,184.90 2,178.77 794.48 684.60 739.54 2,171.10 2,169.19 2,369.89 2,715.00 2,542.44 2,071.10 2,077.37 349.35 622.00 485.67 2,175.93 2,177.68 467.60 616.50 542.05 2,119.63 2,154.75 0 0 0 2,237.13 2,218.44 0 0 0 2,176.80 2,180.75
39
Table 1.14 - Ex-ante and Ex-post Prices and Schedules (Load MTN)
Load MTN: Resources LC01_L01 LC02_L01 LC03_L01 VC01_L01 VC02_L01 VC03_L01 VC04_L01 VC05_L01 EAIQ (MW) EATQ (MW) EAQ (MWh) EAP (Php/MWh) EPP (Php/MWh) 1,165.40 1,308.26 1,236.83 2,237.36 2,217.53 1,862.80 2,403.48 2,133.14 2,226.35 2,207.60 1,490.30 1,548.86 1,519.58 2,161.20 2,153.25 82.80 101.00 91.90 2,188.87 2,224.12 392.20 548.67 470.43 2,150.49 2,168.10 120.80 151.27 136.04 2,235.06 2,205.13 26.30 29.95 28.13 2,259.01 2,266.89 70.90 84.40 77.65 2,553.38 2,478.22
40
End of Presentation
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Module 1: MARKET OPERATIONS AND TRADING

Scheduling, Pricing and Dispatch

Philippine Electricity Market Corporation (PEMC)

HOUR-AHEAD REAL TIME DISPATCH (RTD) Ex-Ante

HOUR-AHEAD REAL TIME DISPATCH (RTD)

HOUR-AHEAD REAL TIME DISPATCH (RTD)

RTD Market Trading Mechanism

System Demand Forecast

Market Input Data: Energy offers (Price, Quantity, Ramp Rate)

Market Management System

Table 1.1 - Generator Offers (Trading Participants)

Note: Price-Qty Offer must be up to 10 energy blocks.

Table 1.2 - System Demand Forecast (Market Operator)

Note: * - System Demand = Demand + Losses

Effect of Transmission Loss Factors on Dispatch

Change in System Losses

Change in Units MW Output

Usage of Transmission Loss Factors on Scheduling

Usage of Transmission Loss Factors on Scheduling

PLoss 0< <1 Pgeni

Usage of Transmission Loss Factors on Scheduling

PLoss 0> > 1 Pgeni

Usage of Transmission Loss Factors on Scheduling

Adjusted Offer Price = Offer x TLF

Table 1.3 - Adjusted Generator Price Offers

Determination of Generator Dispatch Schedules and System Marginal Price

Determination of Generator Dispatch Schedules and System Marginal Price

System Marginal Price, = Php 2,171.1/MWh Marginal Plant: Lcoal_G01

Vdiesel_G01 Adj. P= 18452.09 Q = 247.3

Vgeo_G01 Adj. P= 0 Qty = 400.5 Lnat_G01 Adj. P = -1.05 Q = 950

Lgeo_G01 Adj. P = 268.98 Q = 259

Lhydro_G01 Adj. P= 1,000 Q = 614.6

RTD HVDC Flow

HVDC Flow = 306.40 MW

Table 1.4 - Generator Dispatch Schedules

Determination of Load Nodal Schedules

System Snapshot Node 1 Node 2 Node 3

Table 1.5 - Determination of Load Nodal Schedules

Table 1.6 - Generator and Load Nodal Schedules

Determination of Scheduled Nodal Energy Generation/Consumption

Table 1.7 - Forecasted/Scheduled Nodal Energy Generation/Consumption Ex-ante Quantity (EAQ)

Nodal Prices/Locational Marginal Prices (LMP)

Transmission Congestion Cost

Nodal Prices/Locational Marginal Prices (LMP)

REAL TIME EX-POST DISPATCH (RTX) Ex-post

REAL TIME EX-POST DISPATCH (RTX)

RTX Market Trading Mechanism

Market Management System

Table 1.9 - Generator Offers* (Trading Participants)

Table 1.10 - RTX System Demand (System Operator)

Table 1.11 - Adjusted Generator Price Offers

Determination of System Marginal Price

System Marginal Price, = Php 2,169.19/MWh Marginal Plant: Lcoal_G01

Vdiesel_G01 Adj. P= 18402.14 Q = 247.3

Vgeo_G01 Adj. P= 0 Qty = 400.5 Lnat_G01 Adj. P = -1.04 Q = 950

Lgeo_G01 Adj. P = 269.50 Q = 259

Lhydro_G01 Adj. P= 1,000 Q = 614.6

RTX HVDC Flow

HVDC Flow = 275.10 MW

Table 1.12 - Ex-post Price (EPP)

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