Resource Adequacy Program June 13, 2024 Review
Explore the BPM process flowchart and status updates of the Resource Adequacy Program, including details on the Operations Program Sharing Calculation Inputs and comments/edits for the program operators. Stay informed about the key approvals and considerations related to energy delivery, participant onboarding, and protection of sensitive information.
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Presentation Transcript
WESTERN RESOURCE ADEQUACY PROGRAM June 13, 2024 BPM Review Slides - Board 1
BPM PROCESSFLOWCHART June 13 All five BPMs BOD BOD adopts BPM? YES May 8 BPMs 203 BPM adopted COSR comment on BPM COSR NO May 15 BPMs 207, 209, 401, 402 April 25 BPMs 203 RAPC review/ discussion of BPM (includes pre-review by sub-committees, as RAPC vote to endorse or not endorse RAPC comment on BPM RAPC Process for Recommended Program Changes May 9 appropriate) BPMs 207, 209, 401, 402 PRC hosts public meeting to introduce BPM PRC comment on BPM PRC vote to endorse or not endorse PRC May 9 BPMs 203 Revise based on BOD feedback Discussions with commenters/ committees as needed Update BPM based on comments PA/PO Draft BPM May 16 BPMs 207, 209, 401, 402 Public comment on BPM Public 2
BPM STATUS UPDATE Board BPM PRC Endorsement RAPC Endorsement Consideration 203 Program Sharing Calculation Inputs 5/8 unanimous 5/9 unanimous APPROVAL 207 Settlement Process 5/15 unanimous 5/16 unanimous APPROVAL 209 Energy Delivery Failure Charge 5/15 unanimous 5/16 unanimous APPROVAL 401 New Participant Onboarding 5/15 unanimous 5/16 unanimous APPROVAL 402 Protection of Commercially Sensitive and Confidential Information 5/15 unanimous 5/16 unanimous APPROVAL 3
BPM 203 SUMMARY OPERATIONS PROGRAM PROGRAM SHARING CALCULATION INPUTS Describes the Uncertainty Factor (UF) used in the Sharing Calculation of the Operations Program The UF is a Sharing Calculation input determined by the Program Operator Represents a reasonable margin to account for near-term forecast error between pre-schedule day and operating day Describes how the Program Operator may decrease the Uncertainty Factor from the default of 10% by 0.5% in cases when a Subregion is deficient 4
BPM 203 COMMENTS & EDITS OPERATIONS PROGRAM PROGRAM SHARING CALCULATION INPUTS Significant Changes: Since the last Board discussion, we have worked with Participants to provide edits that will allow WPP to propose an updated UF value after the Summer 2025 Season but before the Summer 2026 Season Discussions & Edits not made: Request for more clarity on methodology for calculating updated default Uncertainty Factor when available Concerns over Uncertainty Factor reduction exposing a Participant to Holdback obligations 5
BPM 203 NOTES OPERATIONS PROGRAM PROGRAM SHARING CALCULATION INPUTS Board BPM PRC Endorsement RAPC Endorsement Consideration 203 Program Sharing Calculation Inputs 5/8 unanimous 5/9 unanimous APPROVAL 207 Settlement Process 5/15 unanimous 5/16 unanimous APPROVAL 209 Energy Delivery Failure Charge 5/15 unanimous 5/16 unanimous APPROVAL 401 New Participant Onboarding 5/15 unanimous 5/16 unanimous APPROVAL 402 Protection of Commercially Sensitive and Confidential Information 5/15 unanimous 5/16 unanimous APPROVAL 6
BPM 207 SUMMARY OPERATIONS PROGRAM SETTLEMENT PROCESS BPM 207 Settlement Process is the counterpart to BPM 206 Settlement Pricing Settlement information that will be posted Information needed for transaction: counterparty, month, dollar amount Additional sufficient detail for a Participant to validate and verify the Final Settlement Revenue and any Make Whole Adjustment How settlement information is accessed via API (Application Programming Interface) Timeline for calculations including process for missing and changing data Dispute resolution process referenced WRAP Tariff Section 9 7 7 7
BPM 207 EDITS OPERATIONS PROGRAM SETTLEMENT PROCESS Significant Changes: Changes to inputs after-the-fact added a 5% trigger for Participant requests for recalculation as requested Section 7 allows Participants to use existing Enabling Agreements so long as they do not supersede the tariff-defined terms of the transaction Discussions & Edits not made: Concerns about delays due to index pricing not being available Request for more Operations Program and Settlement data to be made public 8
BPM 207 NOTES OPERATIONS PROGRAM SETTLEMENT PROCESS Board BPM PRC Endorsement RAPC Endorsement Consideration 203 Program Sharing Calculation Inputs 5/8 unanimous 5/9 unanimous APPROVAL 207 Settlement Process 5/15 unanimous 5/16 unanimous APPROVAL 209 Energy Delivery Failure Charge 5/15 unanimous 5/16 unanimous APPROVAL 401 New Participant Onboarding 5/15 unanimous 5/16 unanimous APPROVAL 402 Protection of Commercially Sensitive and Confidential Information 5/15 unanimous 5/16 unanimous APPROVAL 9
BPM 209 SUMMARY OPERATIONS PROGRAM ENERGY DELIVERY FAILURE CHARGES Describes: Evaluation of Delivery Failures Calculation of the Delivery Failure Charge Limits on maximum amount of Delivery Failure Charge The allocation of revenues received by WPP Consequence of repeated Energy Delivery Failures Describes the circumstances for obtaining a waiver of the charge and the process by which WPP evaluates and grants waivers 10 10
BPM 209 EDITS OPERATIONS PROGRAM ENERGY DELIVERY FAILURE CHARGES Significant Changes: Since the last board discussion, WPP worked with Participants to provide language on a Presumptive Waiver for Uncertainty Exceedances Waivers will not be granted due to insufficient supply in circumstances where a Participant has made additional sales or taken resource outages (that are not the result of a Forced Outage) beyond those supported by capacity that is surplus to its FS Capacity Requirement Discussions & Edits not made: Participant who experiences non-delivery should receive some amount of compensation (in the event of a waived non-delivery event) Outcomes when a Participant provides notice of non-delivery but the recipient does not adjust e-tag schedule 11
BPM 209 NOTES OPERATIONS PROGRAM ENERGY DELIVERY FAILURE CHARGE Board BPM PRC Endorsement RAPC Endorsement Consideration 203 Program Sharing Calculation Inputs 5/8 unanimous 5/9 unanimous APPROVAL 207 Settlement Process 5/15 unanimous 5/16 unanimous APPROVAL 209 Energy Delivery Failure Charge 5/15 unanimous 5/16 unanimous APPROVAL 401 New Participant Onboarding 5/15 unanimous 5/16 unanimous APPROVAL 402 Protection of Commercially Sensitive and Confidential Information 5/15 unanimous 5/16 unanimous APPROVAL 12
BPM 401 SUMMARY AUXILIARY NEW PARTICIPANTS Provides guidance for new Participants joining the WRAP and those considering future participation Describes the application and registration process Defines the onboarding timeline, process of signing a WRAP Agreement (WRAPA), requirement to register resources, program payment, membership in WPP Defines WRAP administrative items to be considered WRAP committee involvement, Participant resources to be distributed Describes Forward Showing and Operations Program onboarding processes 13 13
BPM 401 EDITS AUXILIARY NEW PARTICIPANTS Significant Changes: Edits were clarifying in nature: described in greater detail the onboarding timeline, registration of resources and loads, limited data request, and administrative onboarding process Discussion & Edits not made: Participant requested timeline that allows for a New Participant to skip the initial limited data request (would have substantially lengthened the onboarding process) Expressed concerns over a New Participant s initial FS & Operations season being binding 14
BPM 401 NOTES AUXILIARY NEW PARTICIPANT ONBOARDING Board BPM PRC Endorsement RAPC Endorsement Consideration 203 Program Sharing Calculation Inputs 5/8 unanimous 5/9 unanimous APPROVAL 207 Settlement Process 5/15 unanimous 5/16 unanimous APPROVAL 209 Energy Delivery Failure Charge 5/15 unanimous 5/16 unanimous APPROVAL 401 New Participant Onboarding 5/15 unanimous 5/16 unanimous APPROVAL 402 Protection of Commercially Sensitive and Confidential Information 5/15 unanimous 5/16 unanimous APPROVAL 15
BPM 402 SUMMARY AUXILIARY CONFIDENTIAL INFORMATION Protection of Commercially Sensitive and Confidential Information Describes process for handling and releasing Participant aggregated or composite information set forth in Tariff (section 10) Form and format approval (new and revised) Confidentiality requirements/disclosures General exceptions (publicly available, FERC request ) Includes process for appeals (RAPC, BoD) 16
BPM 402 EDITS AUXILIARY CONFIDENTIAL INFORMATION Significant Changes: Proposed solution: Defined categories of default confidential information Edits not made: Request to treat by default all documents and data as confidential instead of an individual labelling exercise Request that Participants may opt-out from aggregation process 17
BPM 402 NOTES AUXILIARY CONFIDENTIAL INFORMATION Board BPM PRC Endorsement RAPC Endorsement Consideration 203 Program Sharing Calculation Inputs 5/8 unanimous 5/9 unanimous APPROVAL 207 Settlement Process 5/15 unanimous 5/16 unanimous APPROVAL 209 Energy Delivery Failure Charge 5/15 unanimous 5/16 unanimous APPROVAL 401 New Participant Onboarding 5/15 unanimous 5/16 unanimous APPROVAL 402 Protection of Commercially Sensitive and Confidential Information 5/15 unanimous 5/16 unanimous APPROVAL 18
