Incorporating Wellness for Holistic Health
The course delves into defining wellness, exploring its dimensions through the Wellness Wheel, and distinguishing it from well-being and happiness. Learners will discover ways to incorporate wellness practices into various aspects of life for a more fulfilling existence. The content also highlights the importance of intentional actions and choices in achieving holistic well-being.
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SIR20 IMPROVED ECONOMIC INCENTIVE OF REGULATION MILEAGE DANIEL HARLESS JUNE 21-22, 2022 MWG Working together to responsibly and economically keep the lights on today and in the future. SPPorg southwest-power-pool SouthwestPowerPool
BACKGROUND MMU first presented and discussed regulation mileage issues during the August 2018 MWG MMU included this in their 2019 Annual State of the Market (ASOM) Report. Currently ranked number 12 in the Strategic Market Roadmap with a Medium priority 2
REVIEW OF REGULATION MILEAGE COMPENSATION SPP implemented market changes in March 2015 to comply with FERC Order 755 Changes were intended to compensate Resources for clearing and deployment of Regulation Reserves Goal was to include as much of the compensation for clearing and deploying as possible in the DAMKT and RTBM Any excess or unused mileage after the interval would be included in settlements 3
OVERVIEW OF REGULATION COMPENSATION DESIGN Market Participants submit a two part Regulation offer Regulation-Up/Regulation-Down Offer Regulation-Up/Regulation-Down Mileage Offer SPP calculates a Regulation service offer Regulation-Up Offer * (Regulation-Up Mileage Offer * Mileage Factor) Regulation-Down Offer * (Regulation-Down Mileage Offer * Mileage Factor) The hourly Mileage Factor is calculated by SPP monthly for both Regulation Up and Regulation Down Calculated by averaging all like hours 5 minute Instructed Mileage divided by Regulation cleared in that 5 minutes 4
OVERVIEW OF REGULATION COMPENSATION DESIGN DAMKT and RTBM clears Regulation capacity based on the service offer, which means a portion of the mileage compensation is included in the DAMKT and RTBM service MCP. In addition to a service MCP, SPP sets the mileage MCP equal to the highest mileage offer for the Resources clearing Regulation for the interval. This mileage MCP is used in settlements to determine the unused and excess mileage amount. 5
OVERVIEW OF REGULATION COMPENSATION DESIGN Unused and excess amount are calculated by multiplying the unused or excess quantity by the mileage MCP. The excess and unused quantity is calculated by: Observing the Resource movement in response to Regulation deployments Comparing that movement to the expected movement which is equal to the Regulation cleared times the mileage factor. If the Resource moved more than the expected due to Regulation deployments then that is excess and they are compensated for that excess quantity If the Resource moved less than the expected due to Regulation deployments then that is unused and they have a claw back for that unused quantity 6
INEFFICIENCY OF CURRENT REGULATION MILEAGE COMPENSATION Currently, SPP is observing large unused and excess amounts This is an indication that the projected compensation in the DAMKT and RTBM is not as efficient as it could be Possible enhancements to improve the efficiency Change the mileage factor calculation to use actual mileage instead of instructed mileage Change the way the mileage MCP is set from the highest offer for cleared Resources to a type of marginal offer 7
REGULATION MILEAGE ENHANCEMENT ANALYSIS The following Analysis compares impacts to Regulation Compensation based on the following scenarios: Current Design for mileage factor and mileage MCP Enhanced mileage factor, current mileage MCP , Current mileage factor, full stack mileage MCP Enhanced mileage factor, full stack mileage MCP Current mileage factor, priority stack mileage MCP Enhanced mileage factor, priority stack mileage MCP Enhanced mileage factor, full stack mileage MCP (Energy plus Offer) Enhanced mileage factor, full stack mileage MCP (Energy plus Offer) Enhanced mileage factor, Enhanced mileage factor, priority priority stack mileage MCP (Energy plus Offer) stack mileage MCP (Energy plus Offer) 8
EXPLANATION OF STACK MILEAGE MCP Full stack mileage MCP All Resources that clear Regulation-Up are stacked in ascending order by Regulation-Up Mileage Offer Total cleared Regulation is multiplied by the Regulation-Up mileage factor to get a total expected quantity Total expected quantity is compared to stacked Resources Mileage MCP is set equal to Resource offer that has cleared quantity matching the total expected quantity Same will be done for Regulation-Down Mileage MCP For the Energy plus For the Energy plus m mileage offer stacking, the marginal energy cost at ileage offer stacking, the marginal energy cost at the resource dispatch is added to the mileage offer, to determine the the resource dispatch is added to the mileage offer, to determine the order order 9
EXPLANATION OF STACK MILEAGE MCP Priority stack mileage MCP All Resources that clear Regulation-Up are stacked in ascending order first by their priority group and then by their Regulation-Up Mileage Offer within that priority group Total cleared Regulation is multiplied by the Regulation-Up mileage factor to get a total expected quantity Compare total expected quantity to the stacked Resources, set mileage MCP equal to the Resource offer that has the cleared quantity matching the total expected quantity Same will be done for Regulation-Down Mileage MCP For the Energy plus mileage offer stacking, the marginal energy cost at the For the Energy plus mileage offer stacking, the marginal energy cost at the resource dispatch is added to the mileage offer, to determine the order resource dispatch is added to the mileage offer, to determine the order 10
GRAPHS The following graphs show the projected Real-Time settlements for the current design, priority stack mileage MCP, full stack mileage MCP (Energy plus Offer) and priority stack mileage MCP (Energy plus Offer) SPP believes the Enhanced Enhanced mileage factor, priority stack mileage mileage factor, priority stack mileage MCP most efficient design out of the enhancements proposed Graphs containing projected settlements for other proposed options are in the appendix MCP is the 11
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (CURRENT DESIGN) 12
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, PRIORITY STACK MILEAGE MCP) 13
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, WITH ENERGY PLUS MILEAGE OFFER PRIORITY STACK MCP) 14
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, WITH ENERGY PLUS MILEAGE OFFER FULL STACK MCP) 15
AVERAGE REGUP MONTHLY MILEAGE PRICE DIFFERENCES ENERGY PLUS MILEAGE OFFER 16
NEXT STEPS Review Draft RR with MWG Submit Official RR 17
APPENDIX Working together to responsibly and economically keep the lights on today and in the future. SPPorg southwest-power-pool 18 SouthwestPowerPool
REGULATION-UP SETTLEMENT DETERMINANTS (CURRENT DESIGN) ABSOLUTE VALUE OF RTREGUPAMOUNT 20
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, CURRENT MILEAGE MCP) 21
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (CURRENT MILEAGE FACTOR, FULL STACK MILEAGE MCP) 22
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, FULL STACK MILEAGE MCP) 23
REGULATION-UP REAL-TIME SETTLEMENT DETERMINANTS (CURRENT MILEAGE FACTOR, PRIORITY STACK MILEAGE MCP) 24
REGULATION-DOWN SETTLEMENT DETERMINANTS (CURRENT DESIGN) 32
REGULATION-DOWN SETTLEMENT DETERMINANTS (CURRENT DESIGN) ABSOLUTE VALUE OF RTREGDOWNAMOUNT 33
REGULATION-DOWN REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, CURRENT MILEAGE MCP) 34
REGULATION-DOWN REAL-TIME SETTLEMENT DETERMINANTS (CURRENT DESIGN) 35
REGULATION-DOWN REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, PRIORITY STACK MILEAGE MCP) 36
REGULATION-DOWN REAL-TIME SETTLEMENT DETERMINANTS (CURRENT MILEAGE FACTOR, FULL STACK MILEAGE MCP) 37
REGULATION-DOWN REAL-TIME SETTLEMENT DETERMINANTS (ENHANCED MILEAGE FACTOR, FULL STACK MILEAGE MCP) 38
REGULATION-DOWN REAL-TIME SETTLEMENT DETERMINANTS (CURRENT MILEAGE FACTOR, PRIORITY STACK MILEAGE MCP) 39
