Real-Time Intertie Transaction Failures integration with Day-Ahead Commitment Process (SE-14)

The proposed Day-Ahead Commitment Process provides a mechanism to promote power system reliability by allowing internal resources and imports to be committed in the day-ahead time frame.

There are a number of specific issues that need to be addressed in increasing reliability in the short term and these are being addressed through a Stakeholder Plan, SE-7, 2006 Day-Ahead Commitment Processes Design and Implementation which can be found at this link.

One issue that impacts interties transactions is the need to allow imports to be scheduled day-ahead in order to address chronic transaction failures near real-time that leave insufficient time to respond reliably. This initiative in conjunction with real-time transaction failures will be considered jointly under this stakeholder plan.

The IESO's Market Assessment and Compliance Division (MACD) established a working group to advise on the effectiveness of its existing guidelines in reducing intertie transaction failures and to provide advice on revised guidelines and the associated market manual. Supporting materials can be found at this link.

Stakeholder Engagement Plan (Revision 3 - April 25, 2006)

Date Agenda/Minutes	Supporting Material
June 21, 2006	Intertie Subcommittee Webcast to gather feedback from traders on how to correct for lower than anticipated revenue under certain conditions
June 1, 2006	Implementation date: all aspects of the real time failure charge will be targeted for June 1
May 26, 2006 10:30 am - 12:00 pm	Follow up Web cast from May 4th meeting Additional Information
May 4, 2006 Agenda Minutes (Draft)	Webcast/conference call to discuss Exemptions from the Failure Charge • Item 3 - Real Time Intertie Transaction Failures Charge - Update • Item 4 - IESO_IMDC_0100
May 1, 2006	Web pages available for Bias factor Posting of IESO response to Stakeholder comments
April 27, 2006	Deadline for stakeholder review on draft amend MR-00319. "Interim Reporting of Real-Time Intertie Transaction Failure Charges on Preliminary Settlement Statements."
March 31, 2006	Deadline for comments on IESO's proposal, Page 17 of presentation of March 10. Send comments to stakeholder.engagement@ieso.ca. Comments • Brookfield Power • OPG • TransAlta
March 10, 2006 10:00 am - 12:00 pm	Conference call to discuss Real-Time Intertie Failure Adjustment Factors • Real Time Transaction Failure Charge - Import and Export Adjustment Factor Analysis • Expected Values, Frequencies and Exposures of the Various Adjustment Factors to be Used for the Failure Charge
February 3, 2006	IESO Board of Directors' consideration of Technical Panel recommendations on market rule amendment • IESO Board Decision R00-R04
January 23, 2006	Stakeholder Advisory Committee Meeting to gather input and advice for the IESO Board of Directors
January 19, 2006	Post information for potential inclusion in Stakeholder Advisory Committee meeting on Feb 2, 2006 • Executive Summary • IESO Response to Issues Identified
January 10, 2006	Intertie Trading Standing Committee meeting
December 16, 2005	Working Group members to provide feedback on the failure charge formula development and on this stakeholder plan • DTE • Falconbridge • Ken Snelson • Manitoba Hydro • OPG • Powerex
December 1, 2005	Posting of stakeholder engagement plan
November 23, 2005	Intertie Transaction Failure Working Group Meeting