Price Formation in Energy and Ancillary Services, Markets Operated by Regional Transmission Organizations, and Independent System Operators: Notice of Workshop, 63621 [2014-25320]

Download as PDF asabaliauskas on DSK5VPTVN1PROD with NOTICES Federal Register / Vol. 79, No. 206 / Friday, October 24, 2014 / Notices mitigation rules and the shortage pricing rules. The market monitors will also be asked to discuss whether: (1) Market power mitigation provisions have a material impact on the price formation process; (2) the short-run marginal costs estimates that underlie market power mitigation provisions sufficiently account for all resource supply costs, including opportunity costs; (3) RTO/ ISO offer rules provide sufficient flexibility for resources to reflect cost changes that occur between day-ahead and real-time and across hours in realtime; and (4) RTO/ISO rules provide sufficient protection against the exercise of market power. Panelists: • Eric Hildebrandt, California Independent System Operator Corporation. • Jeffrey McDonald, ISO New England Inc. • Shaun Johnson, New York Independent System Operator, Inc. • Joseph Bowring, Monitoring Analytics. • Catherine Mooney, Southwest Power Pool, Inc. • David Patton, Potomac Economics. 3:30 p.m.–3:45 p.m.—Break 3:45p.m.–4:45p.m.—Panel 4: Impacts of Offer Caps and Market Power Mitigation Panel 4 will focus on the impacts that offer caps and offer mitigation have on both buyers and sellers in wholesale markets. Discussion will include comments from resource owners about whether the current $1,000/MWh offer cap permits them to reflect their costs fully in supply bids. Resource owners will also be asked to discuss: (1) Whether the RTOs/ISOs permit all of the relevant costs, including opportunity costs, to be included in the marginal cost estimates that underlie market power mitigation provisions; and (2) whether RTO/ISO offer rules permit resources to reflect changes in resource supply costs that occur between day-ahead and real-time and across hours in real-time. Panelists will be asked to comment on the role that offer caps and market power mitigation procedures play in ensuring just and reasonable rates. Of particular interest will be the extent to which offers capped at some value (like the current $1000/MWh cap) play a meaningful role in consumer protection. The RTOs/ISOs and the RTO/ISO market monitoring units will be given an opportunity to discuss any issues raised by panelists. Panelists: • Joseph Cavicchi, Compass Lexecon, speaking on behalf of Electric Power Supply Association. VerDate Sep<11>2014 20:00 Oct 23, 2014 Jkt 235001 • Abraham Silverman, NRG Energy, Inc. • Edward Tatum, Old Dominion Electric Cooperative. • Jeffrey Nelson, Southern California Edison. • Charlie Bayless, North Carolina Electric Membership Corporation. • Patrick Connors, WPPI Energy, speaking on behalf of Transmission Access Policy Study Group. 4:45 p.m.–5 p.m.—Closing [FR Doc. 2014–25322 Filed 10–23–14; 8:45 am] BILLING CODE 6717–01–P DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. AD14–14–000] Price Formation in Energy and Ancillary Services, Markets Operated by Regional Transmission Organizations, and Independent System Operators: Notice of Workshop As announced in the Notice issued on June 19, 2014, the Federal Energy Regulatory Commission (Commission) directed its staff to convene workshops as necessary to commence a discussion with industry on existing market rules and operational practices affecting price formation issues in energy and ancillary services markets operated by Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs). The June 19 Notice listed four areas of interest: uplift payments, offer price mitigation and offer price caps, scarcity and shortage pricing, and operator actions that affect prices. The first workshop, held on September 8, 2014, addressed uplift payments and the second workshop, scheduled for October 28, 2014, will address offer price mitigation and offer price caps and scarcity and shortage pricing. The third workshop will address technical, operational, and market issues related to operator actions in energy and ancillary services markets operated by RTOs and ISOs, and will be held on Tuesday, December 9, 2014 from 8:45 a.m. to 5 p.m. in the Commission Meeting Room at the Federal Energy Regulatory Commission, 888 First Street NE., Washington, DC 20426. Commission members may participate in the workshop. The workshop will be open for the public to attend. Advance registration is not required, but is encouraged. Attendees may register at the following Web page: https://www.ferc.gov/whatsnew/registration/12-09-14-form.asp. PO 00000 Frm 00025 Fmt 4703 Sfmt 9990 63621 Those wishing to participate in the program for this event should nominate themselves through the online registration form no later than October 29, 2014 at the following Web page: https://www.ferc.gov/whats-new/ registration/12-09-14-speaker-form.asp. At this Web page, please provide an abstract (1,500 character limit) of the issue(s) you propose to address. Due to time constraints, we may not be able to accommodate all those interested in speaking. Further details and a formal agenda will be issued prior to the workshop. Information on this event will be posted on the Calendar of Events on the Commission’s Web site, www.ferc.gov, prior to the event. The workshop will also be Webcast and transcribed. Anyone with Internet access who desires to listen to this event can do so by navigating to the Calendar of Events at www.ferc.gov and locating this event in the Calendar. The event will contain a link to the Webcast. The Capitol Connection provides technical support for Webcasts and offers the option of listening to the meeting via phonebridge for a fee. If you have any questions, visit www.CapitolConnection.org or call 703– 993–3100. Commission workshops are accessible under section 508 of the Rehabilitation Act of 1973. For accessibility accommodations, please send an email to accessibility@ferc.gov or call toll free 1–866–208–3372 (voice) or 202–502– 8659 (TTY), or send a FAX to 202–208– 2106 with the required accommodations. For further information on this workshop, please contact: Logistical Information Sarah McKinley, Office of External Affairs, Federal Energy Regulatory Commission, 888 First Street NE., Washington, DC 20426, (202) 502–8368, sarah.mckinley@ferc.gov. Technical Information Emma Nicholson, Office of Energy Policy and Innovation, Federal Energy Regulatory Commission, 888 First Street NE., Washington, DC 20426, (202) 502– 8846, emma.nicholson@ferc.gov. Dated: October 10, 2014. Kimberly D. Bose, Secretary. [FR Doc. 2014–25320 Filed 10–23–14; 8:45 am] BILLING CODE 6717–01–P E:\FR\FM\24OCN1.SGM 24OCN1

Agencies

[Federal Register Volume 79, Number 206 (Friday, October 24, 2014)]
[Notices]
[Page 63621]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-25320]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. AD14-14-000]


Price Formation in Energy and Ancillary Services, Markets 
Operated by Regional Transmission Organizations, and Independent System 
Operators: Notice of Workshop

    As announced in the Notice issued on June 19, 2014, the Federal 
Energy Regulatory Commission (Commission) directed its staff to convene 
workshops as necessary to commence a discussion with industry on 
existing market rules and operational practices affecting price 
formation issues in energy and ancillary services markets operated by 
Regional Transmission Organizations (RTOs) and Independent System 
Operators (ISOs). The June 19 Notice listed four areas of interest: 
uplift payments, offer price mitigation and offer price caps, scarcity 
and shortage pricing, and operator actions that affect prices. The 
first workshop, held on September 8, 2014, addressed uplift payments 
and the second workshop, scheduled for October 28, 2014, will address 
offer price mitigation and offer price caps and scarcity and shortage 
pricing. The third workshop will address technical, operational, and 
market issues related to operator actions in energy and ancillary 
services markets operated by RTOs and ISOs, and will be held on 
Tuesday, December 9, 2014 from 8:45 a.m. to 5 p.m. in the Commission 
Meeting Room at the Federal Energy Regulatory Commission, 888 First 
Street NE., Washington, DC 20426. Commission members may participate in 
the workshop.
    The workshop will be open for the public to attend. Advance 
registration is not required, but is encouraged. Attendees may register 
at the following Web page: https://www.ferc.gov/whats-new/registration/12-09-14-form.asp.
    Those wishing to participate in the program for this event should 
nominate themselves through the online registration form no later than 
October 29, 2014 at the following Web page: https://www.ferc.gov/whats-new/registration/12-09-14-speaker-form.asp. At this Web page, please 
provide an abstract (1,500 character limit) of the issue(s) you propose 
to address. Due to time constraints, we may not be able to accommodate 
all those interested in speaking.
    Further details and a formal agenda will be issued prior to the 
workshop.
    Information on this event will be posted on the Calendar of Events 
on the Commission's Web site, www.ferc.gov, prior to the event. The 
workshop will also be Webcast and transcribed. Anyone with Internet 
access who desires to listen to this event can do so by navigating to 
the Calendar of Events at www.ferc.gov and locating this event in the 
Calendar. The event will contain a link to the Webcast. The Capitol 
Connection provides technical support for Webcasts and offers the 
option of listening to the meeting via phone-bridge for a fee. If you 
have any questions, visit www.CapitolConnection.org or call 703-993-
3100.
    Commission workshops are accessible under section 508 of the 
Rehabilitation Act of 1973. For accessibility accommodations, please 
send an email to accessibility@ferc.gov or call toll free 1-866-208-
3372 (voice) or 202-502-8659 (TTY), or send a FAX to 202-208-2106 with 
the required accommodations.
    For further information on this workshop, please contact:

Logistical Information

    Sarah McKinley, Office of External Affairs, Federal Energy 
Regulatory Commission, 888 First Street NE., Washington, DC 20426, 
(202) 502-8368, sarah.mckinley@ferc.gov.

Technical Information

    Emma Nicholson, Office of Energy Policy and Innovation, Federal 
Energy Regulatory Commission, 888 First Street NE., Washington, DC 
20426, (202) 502-8846, emma.nicholson@ferc.gov.

    Dated: October 10, 2014.
Kimberly D. Bose,
Secretary.
[FR Doc. 2014-25320 Filed 10-23-14; 8:45 am]
BILLING CODE 6717-01-P