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NJ BTM REC Platform Transition Update
Updated April 1, 2009
Presentation Outline
• Temporary REC/SREC Platform Selection• Notice - Plans Subject to Change!• Early Transition Options• Default Transition• Frequently Asked Questions• Training Opportunities• Documentation Plan/Posting/Website• Key Contacts
Temporary REC/SREC Platform Selection Method
• Starting with projects submitting final paperwork March 1 through May 31, <10 kW projects may elect a platform (CPM or GATS) on which to establish a REC/SREC account
• S/REC Platform Election Form– Posted to NJCEP website and to RE and installer
email lists this week– Due with final paperwork– If not received with final paperwork, will assume
selection of GATS
Plans Subject to Change
• Transition plans and mechanics are subject to change.
• This presentation presents transition plans in their current form and highlights some areas of current uncertainty.
• Please check back for updates by attending future calls and/or checking the Transition section of the njcleanenergy.com website.
Early Transition - Overview
• Early transition is voluntary• Objectives
– Enable account holders (account holders with multiple generating units, large generating units, and/or accounts in both platforms) to transition CPM accounts to GATS prior to default transition date
– Provide account holders with more time to learn GATS prior to end of EY2009 true-up period
– Enable transition team (BPU, GATS, CPM, Market Manager) to gain experience with transition administration with a smaller set of participants
Early Transition OptionsGroup A• Eligibility: CPM account holders
with multiple generating units which report metered production data and no generating units which utilize estimated production data.
– ~ 24 account holders – ~ 22 MW capacity
• Will be notified of eligibility for early transition on February 20, 2009
• Must elect early transition by March 13, 2009
• GATS account available for viewing/trading and March generation entry on April 1
Groups B and C• Eligibility: All current CPM account
holders• Will be notified of eligibility for early
transition by March 20, 2009 (B) or April 20, 2009 (C)
• Must elect early transition by April 15 (B) or May 15 (C)
• GATS account available for viewing/trading and generation entry on May 1 (B) or June 1 (C)
Early Transition Key DatesGroup A• March 3 – Last day to
enter February production data into CPM
• March 13 – Deadline for requesting Group A early transition
• March 16-30 – Account blackout period
• April 1 – GATS account open for viewing/trading
• April 1-29 – GATS data entry period opens for March production reporting
Group B • April 3 – Last day to
enter March production data into CPM
• April 15 – Deadline for requesting Group B early transition
• April 16-30 – Account blackout period
• May 1 – GATS account open for viewing/trading
• May 1-28 – GATS data entry period opens for April production reporting
Group C • May 3 – Last day to
enter March production data into CPM
• May 15 – Deadline for requesting Group C early transition
• May 16-31 – Account blackout period
• June 1 – GATS account open for viewing/trading
• June 1-30 – GATS data entry period opens for May production reporting
Early Transition - Mechanics
• “Clean cutover” to GATS– After the applicable Early Transition Blackout Period, all NJ BTM
RECs will be issued by PJM-EIS and traded through GATS.– No further account activity will occur through CPM
• RECs in escrow:– Account holders will be informed that they must clear RECs out
of escrow prior to the start of the transition blackout period.– CPM will screen accounts to be transferred for RECs in escrow.
If there are RECs in escrow, the account will not be transferred.
Default Transition• Default transition is not voluntary• Applies to all CPM account holders who did not elect
early transition• Enables continued use of CPM platform for settlement of
EY09 RECs or SRECs created on or prior to June 5, 2009 through EY09 true-up period (ending September 30, 2009)
• Ensures no unretired RECs or SRECs at end of EY09 true-up period are “stranded” at CPM
Default Transition - Details• All EY2010 NJ BTM RECs will be issued by PJM-EIS
through GATS.• Treatment of RECs in Escrow on Transfer Date (9/30)
– GATS will not (initially) support the escrow functionality.– Account holders will be informed that they must clear RECs out of
escrow prior to the transition or those escrowed RECs will revert to the seller’s GATS account.
– Trades will need to be re-initiated and completed using GATS.
Default Transition – Key DatesAccount Holders Clean Power Markets GATS
June 3 Account holders enter
generation data pertaining
to production occurring on
May 31 or earlier into CPM
platform.
Last day to enter generation data pertaining to
production occurring on May 31 or earlier into
CPM platform. After June 3, no production data
may be entered into the CPM platform, but
must instead be entered into GATS.
June 5 CPM creates RECs
based on production data
entered by June 3.
June 6‐30 Account holders sign and
submit GATS Terms of Use
and required
documents/schedules to
GATS Administrator to
enable account setup.
CPM transfers account information to GATS.
Information transferred includes account
holder, generating unit, and partial MWh
balances. REC balances are not transferred and remain in
CPM system. CPM account holders may
experience a disruption in service during this
period.
GATS receives account
information from CPM.
July 1 –
September 30
Account holders login to
GATS, choose password for
account, verify transferred
account information.
CPM remains open for trading and retirement
of RECs
created by June 5.GATS open for entering
production data.
September 30 CPM closes. Active REC or SREC balances are
transferred to GATS.
GATS receives active REC
or SREC balances from
CPM. There may be a
delay (of up to several
weeks) in having these
balances appear in GATS
t
Default Transition – Account Holder Responsibilities
• Current (not historical) account information to be ported from CPM to GATS– GATS will be able to replicate CPM account and username– GATS will send account holders an email invitation to log in to a new
URL using their CPM username• Account holders are advised to:
– Check/print out current account information (generating units in account) and unsold REC balance information prior to default transition
– Verify GATS account balances are consistent/accurate– Obtain training/learn to use the GATS system
• Account holders will need to:– Download, read, sign and return the GATS Terms of Use and
Schedules C1 and E1 to GATS– Log in to GATS and choose a password upon receipt of notification of
account availability from GATS
Frequently Asked Questions
• Production Estimates– Existing systems’ production estimates will be transferred to
GATS as-is– Creation of production estimates for new systems will be
supported by GATS, using same method as used by CPM– Automated entry of estimated production will be supported by
GATS
• kWh Production Entry/Partial MWh carryover– GATS will enable generators to enter production in kWh, and will
support carryover of partial MWh to the following month
Frequently Asked Questions
• Transaction Escrow Period Support– GATS does not plan to support this functionality by the default
transition date
• Fees– GATS fees are listed in the GATS Terms of Use, fees are not
relevant to account holders with less than 10 MW capacity or to transactions among GATS account holders
• Username/Password Migration– GATS is working with CPM to transition usernames and
accounts; you will receive an email from GATS once the transfer is made, and you will need to create a new password
Training Opportunities
• Stakeholder Webinars• GATS Subscriber Calls• GATS Detailed Training
– Online training modules– Detailed in-person training
Early versus Default Transition• Early Transition
– Voluntary– Clean cutover from CPM to
GATS– Best for account holders
• Whose buyers are already registered at GATS
• Who are willing to learn a new system
• Default Transition– Mandatory– EY09 settled in CPM, EY10
settled at GATS– Best for account holders
• Who wish to remain with CPM through EY09
• Who depend on CPM’s escrow function for trading
Stakeholder Webinars• Transition Briefings/Stakeholder Webinars These
webinars will provide an update of the plans for transitioning NJ behind-the-meter REC and SREC accounts from the current platform operated by Clean Power Markets to the Generation Attributes Tracking System (GATS) platform operated by PJM- Environmental Information Systems. All sessions will cover the same topics, but later sessions may include updated information.
– Thursday March 26, 2009 - 9 -10 a.m– Thursday April 2, 2009 - 9-10 a.m.– Thursday April 9, 2009 - 9-10 a.m.
• Register here: http://www.njcleanenergy.com/gats
GATS Subscriber Calls• GATS Solar Subscriber Training Calls – shorter calls
intended for solar subscribers to call and speak with the GATS Administrator on training related questions and issues. More info and training materials can be found at http://www.pjm-eis.com/gats/training.html. – Thursday, April 9, 2009 1:30 – 2:30– Thursday, May 14, 2009 1:30 – 2:30– Thursday, June 11, 2009 1:30 – 2:30
GATS Detailed Training• Online GATS Training Modules – Always available at
http://www.pjm-eis.com/gats/training.html.– Part I: GATS Introduction– Part II: GATS New Account Set-Up– Part III: Managing and Using Your GATS Account
• GATS Account Setup and Use – Detailed Training– 5/18, Trenton, GATS training, hours tbd, see
http://www.njcleanenergy.com/gats for more information
Documentation Plan/Posting• Early Transition Notification, FAQ, and Request
Form –Email to all eligible account holders and available from CPM login page 3 weeks prior to each early transition. NJCEP website.
• Default Transition Notification and FAQ - Email to all affected account holders and available from CPM login page 3 weeks prior to each early transition. NJCEP website.
• Training Presentations and Materials – As described in the section on Training Opportunities – completed prior to training events and posted to njcleanenergy.com thereafter
Transition Info on Website
• www.njcleanenergy.com -> Renewable Energy -> Programs -> Solar Renewable Energy Certificates (SREC) -> GATS Transition
• http://www.njcleanenergy.com/gats
Key Contacts
• PJM-EIS GATSGATS Administrator, 610-666-2245, [email protected]
• Clean Power MarketsNathalie Shapiro, (201) 612-3221, [email protected]
• Market ManagerSteve Wiese, (732) 218-3409, [email protected]
