Sep 22, 2003 Market Operations Standing Committee of the IMO 1

Change Management: Market Rules Update

John MacKenzie, IMO

Sep 22, 2003 Market Operations Standing Committee of the IMO 2

Goals of Update

• Update stakeholders on status of market rule

development

• Identify any current requests for specific stakeholder

review and comment

• Solicit feedback on general market rule development

issues e.g. process

Sep 22, 2003 Market Operations Standing Committee of the IMO 3

New Market Rules in Baseline 10• MR-00161: Treatment of Co-generation Facilities

(effective 10 Sep 03)

• MR-00223: Transmission Rights - Participation

Requirements and Long-Term Sub-Auctions

(effective 12 Jul 03)

• MR-00230: Generator and Intertie Information Disclosure

• MR-00234: Revised Operating Reserve Restoration Standards (effective 26 Jul 03)

Sep 22, 2003 Market Operations Standing Committee of the IMO 4

New Market Rules in Baseline 10• MR-00235: Market Pricing Issues Initiatives - Spare

Generation On-Line and Introducing Control Action Operating Reserve into the Market (effective 6 Aug 03)

• MR-00237: Removing Functional Deferral to Adjust Dispatch Instructions to Defined Metering Point (effective 26 Jul 03)

• MR-00238: Compensation during Administrative

Pricing Event (urgent - effective 30 Jun 03)

Sep 22, 2003 Market Operations Standing Committee of the IMO 5

New Market Rules in Baseline 10

• MR-00239: Eliminate CMSC Payments Associated

with Negative Priced Offers (Urgent - effective 26 Jun

03)

• MR-00243: Limiting CMSC Payments to Constrained-

off Exports on Uncontested Export Interties

(Urgent - effective 9 Aug 03)

Sep 22, 2003 Market Operations Standing Committee of the IMO 6

Approved by IMO Board

• September:

MR-00232-R00: Allow Unrestricted Revisions to

Dispatch Data up to 2 Hours Ahead of Dispatch Hour

(effective 27 Sep 03)

Sep 22, 2003 Market Operations Standing Committee of the IMO 7

Under Development• *MR-00242: Management of TR Clearing Account• MR-00241: Treatment of Enhanced Combined Cycle

Generation Facilities• MR-00240: Segregated Mode of Operation Dispatch

Data and Request Timing• *MR-00225: Clarify Transmitter’s Role in

Coordinating Outage Activities• *MR-00224: Replace Settlement Reserve Account

* submitted for Technical Panel recommendation to IMO Board

Sep 22, 2003 Market Operations Standing Committee of the IMO 8

Under Development - cont’d• MR-00212: Financial Impact of Market Rules vs OEB

Codes/Guidelines on LDCs • MR-00195: Changes to Congestion Management

Settlement Credit regime• MR-00121: Treatment of Combined-Cycle

Generation Facilities and Related Aggregation

Sep 22, 2003 Market Operations Standing Committee of the IMO 9

Upcoming Rules Issues• Review of Administrative Pricing Rules and

Procedures

Sep 22, 2003 Market Operations Standing Committee of the IMO 10

Feedback• Any issues or questions regarding general rule

amendment issues?