Market Monitoring

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Market Monitoring
Jessica Youle Tucson Electric Power
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Market Monitoring

• Promoting the Development and Operation of
  Transparent, Competitive, Well-Functioning
  Wholesale Electricity Markets Across the Western
  Interconnection

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Current Status

• Functions
• No west-wide market monitor
• FERC Future and real time energy sales, fuel
  prices, utilization of transmission lines (OASIS,
  outages, line ratings, upgrades, retirements), ,
  import/export capability, operation and output
  major generating plants
• CAISO monitors California markets
• Individual Utilities APS, PNM, PGE
• WestConnect investigating feasibility of SW
  regional market monitor
• GridWest proposing establishment of NW market
  monitor
• TIG proposing establishment of NW market monitor
• SSG-WI/CREPC/OMOI proposal for west-wide market
  monitor (MMU)
• Responsibilities
• transmission access/utilization
• energy sales
• fuel prices
• operational/output of generating plants

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Current Status

• Authority
• Contractual, voluntary WestConnect, MMU
• Statutory/regulatory (tariff), mandated CAISO,
  Individual Utilities, GridWest, TIG
• Effectiveness
• Accountability FERC(CAISO)
• Enforceability
• Generally FERC (CAISO)
• MMU FERC and Other Appropriate Regulatory
  Authorities
• Level of commitment
• High FERC, CAISO, Individual Utilities
• Unknown MMU, WestConnect

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Whats needed

• Functions
• Is a west-wide market monitor needed?
• Would some type of pilot program be helpful?
• SSG-WI/CREPC/OMOI Proposal
• West-wide market monitor focused on seams
• Supportive, not duplicative, of subregional
  market monitoring efforts
• Independent of market participants
• Protective of confidential information
• Acts as reporting mechanism, not enforcement
  entity
• Direct relationship with regulatory, enforcement
  and oversight entities
• Voluntary (may or may not be FERC jurisdictional)
• Mechanisms/protections to encourage participation
  of non-FERC jurisdictional utilities
• Pilot Program
• Not a dry run of full-blown, west-wide market
  monitor
• Means of assessing benefits of west-wide market
  monitoring
• Appropriate scope limitations?
• Appropriate time limitations? (2 years?)
• Funding sources