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1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

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Page 1: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

1 Presentation MITNovember 14, 2011

Metering Issues Taskforce (MIT)

Elimination of Time Error Correction Potential Impact on Wholesale Settlements

Page 2: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

2 Presentation MITNovember 14, 2011

Background

• NERC Operating Committee (OC) directed the Resources Subcommittee (RS) to develop a field trial to eliminate manual Time Error Corrections

• What is Time Error? – Difference between NIST time and a clock driven by frequency

• If average frequency is 60Hz, Time Error will be zero• If frequency is 0.01Hz high (low), a clock will gain (lose) 0.6 seconds an hour

• What are Manual Time Error Corrections ?– Minor coordinated adjustments to frequency– One Reliability Coordinator in each Interconnection is designated “Time Monitor”– ERCOT Nodal Operating Guide Section 2.2.9.1 deals with time error

• When time error is equal to or greater than ±3 seconds, ERCOT may initiate a time correction

• Correction may end when error is less than ±0.5 seconds or when system events mandate termination

• Time correction may be postponed if it is determined that load patterns in immediate future will result in desired time correction

Page 3: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

3 Presentation MITNovember 14, 2011

Impact of Elimination of Time Error Correction on Wholesale Settlements

• Assume that ERCOT Polled Settlement (EPS) meters will be synchronized with NIST clock

• Potential effect on wholesale settlements is analyzed for following: – Flat load– Price responsive load and/or demand responsive load

• Different MW load connected to the IDR meter-100 to 1150 MW • Different delays (lag and lead)- 15 sec, 30 sec and 45 sec• Different price levels- $200 to $3000 /MWH

– Aggregate IDR load in grid

• Maximum allowed time error according to ERCOT Nodal Protocol 10: Metering– For TDSP meters: ±5% of settlement interval (15 min) or 45 sec of NIST clock– For EPS meters : ±1% of settlement interval (15 min) or 9 sec of NIST clock– ERCOT production servers are maintained within ±1 sec of NIST clock

• Wholesale price calculations synchronized within ±1 sec of NIST clock for each settlement interval

• No analysis conducted for retail settlements– Results contingent on contracts and specific load characteristics

Page 4: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

4 Presentation MITNovember 14, 2011

-Delayed IDR Clock -NIST Clock

Interval 1 Interval 2 Interval 3 Interval 4 Interval 5

30 sec delay

16:45:0016:30:00

150 MW 150 MW

$35/ MWH $35/ MWH

0 MW

37.5 MWH 36.25 MWH 0 MWH 1.25 MWH 37.5 MWH

16:15:0016:00:00

$1000/ MWH

Price/Demand Responsive LoadIDR slower than NIST clock by 30 sec, 150 MW load

Page 5: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

5 Presentation MITNovember 14, 2011

Price/Demand Responsive LoadExcel Worksheet for Calculation

Fill in the following values: 1. Load (MWH)

2. Time deviation (sec)

3. Price ($/MWH )in each interval

LR Load (MW)LR Load (MWH-15 min

interval)Meter clock deviation from

NIST (sec)150.00 37.5 30

Price in Interval 1($/MWH) Price in Interval 2($/MWH) Price in Interval 3($/MWH) Price in Interval 4($/MWH) Price in Interval 5($/MWH)$35.00 $35.00 $1,000.00 $1,000.00 $35.00

Load in Interval 1(MWH) Load in Interval 2(MWH) Load in Interval 3(MWH) Load in Interval 4(MWH) Load in Interval 5(MWH)37.5 36.25 0 1.25 37.5

Total Price in Interval 1($) Total Price in Interval 2($) Total Price in Interval 3($) Total Price in Interval 4($) Total Price in Interval 5($)$1,312.50 $1,268.75 $0.00 $1,250.00 $1,312.50

Page 6: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

6 Presentation MITNovember 14, 2011

Price/Demand Responsive LoadIDR slower than NIST clock by 30 sec, 150 MW load

MWH in Interval Price in Interval

($/MWH)

Total Price in Interval ($)

Expected MWH (w/o clock lag)

Actual MWH (with clock lag)

Expected Price (w/o clock lag)

Actual Price (with clock lag)

Interval 1 37.5 37.5 $35 $1,312.5 $1,312.5

Interval 2 37.5 36.25 $35 $1,312.5 $1,268.75

Interval 3 0 0 $1000 $0 $0

Interval 4 0 1.25 $1000 $0 $1,250.00

Interval 5 37.5 37.5 $35 $1,312.5 $1,312.5

Total Price $3,937.50 $5,143.75

Net Loss $1,206.25

Page 7: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

7 Presentation MITNovember 14, 2011

Price/Demand Responsive LoadEffect of Time Delay at Different Load Levels

Price in Interval 4: $1000/MWHPrice in Interval 2: $35/MWH

Note: Net losses calculated over entire 5

interval event

Savings in Interval 2

$0

$100

$200

$300

$400

$500

$600

50 100 150 200 500 1150

MW Load

15 sec delay

30 sec delay

45 sec delay

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

50 100 150 200 500 1150

MW Load

Losses in Interval 415 sec delay

30 sec delay

45 sec delay

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

50 100 150 200 500 1150

MW Load

Net Losses 15 sec delay

30 sec delay

45 sec delay

Page 8: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

8 Presentation MITNovember 14, 2011

Net Losses

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

50 100 150 200 500 1150

MW Load

15 sec delay

30 sec delay

45 sec delay

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

50 100 150 200 500 1150

MW Load

Net Losses 15 sec delay

30 sec delay

45 sec delay

Net Losses

$0

$500

$1,000

$1,500

$2,000

$2,500

50 100 150 200 500 1150

MW Load

15 sec delay

30 sec delay

45 sec delay

Net Losses

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

50 100 150 200 500 1150

MW Load

15 sec delay

30 sec delay

45 sec delay

Price/Demand Responsive LoadEffect of Time Delay at Different Price Levels

Price in Interval 4: $200/MWH Price in Interval 4: $500/MWH

Price in Interval 4: $1000/MWH Price in Interval 4: $3000/MWH

Note: Net losses calculated over entire 5 interval event

Page 9: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

9 Presentation MITNovember 14, 2011

-Accelerated IDR Clock -NIST Clock

Interval 1 Interval 2 Interval 3 Interval 4 Interval 5

30 sec delay

16:45:0016:30:00

150 MW 150 MW

$35/ MWH $35/ MWH

0 MW

37.5 MWH36.25 MWH0 MWH1.25 MWH37.5 MWH

16:15:0016:00:00

$1000/ MWH

Price/Demand Responsive LoadIDR faster than NIST clock by 30 sec, 150 MW load

Losses and savings intervals interchanged

Values remain same

Page 10: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

10 Presentation MITNovember 14, 2011

-Delayed IDR Clock -NIST Clock

Interval 1 Interval 2 Interval 3

30 sec delay

10,000 MWH

Aggregate IDR Load IDR slower than NIST clock by 30 sec

10,200 MWH

10,400 MWH

Energy Recorded by IDR In Interval 2 = Energy Consumed in Interval 2 +

Metered Energy Shifted from Interval 3 to 2 -Metered Energy Shifted from Interval 2 to 1

Note: IDR accounts for 70% of total grid load

10,206.67 MWH = 10,200.00 MWH + 346.67 MWH – 340.00 MWH

Page 11: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

11 Presentation MITNovember 14, 2011

- Accelerated IDR Clock -NIST Clock

Interval 1 Interval 2 Interval 3

30 sec delay

10,000 MWH

Aggregate IDR Load IDR faster than NIST clock by 30 sec

10,200 MWH

10,400 MWH

Energy Recorded by IDR In Interval 2 = Energy Consumed in Interval 2 +

Metered Energy Shifted from Interval 1 to 2 -Metered Energy Shifted from Interval 2 to 3

Note: IDR accounts for 70% of total grid load

10,193.33 MWH = 10,200.00 MWH + 333.33 MWH – 340.00 MWH

Page 12: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

12 Presentation MITNovember 14, 2011

Generation

8000

10000

12000

14000

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Aggregate IDR Load Example: June 09, 2011IDR slower than NIST clock by 30 sec

Shift in Interval Load

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Average Shift in Interval Load Due to IDR Delay: 0.0006%

Average UFE: 0.4000%

% UFE

-0.80%

-0.40%

0.00%

0.40%

0.80%

1.20%

1.60%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

% UFE

% shift in interval load

% Shift in Interval Load

-0.08%

-0.06%

-0.04%

-0.02%

0.00%

0.02%

0.04%

0.06%

0.08%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

Page 13: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

13 Presentation MITNovember 14, 2011

Generation

6500

7500

8500

9500

10500

11500

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Aggregate IDR Load Example: April 21, 2011 IDR slower than NIST clock by 30 sec

Shift in Interval Load

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Average Shift in Interval Load Due to IDR Delay: 0.0014%

Average UFE: 0.3606%

% Shift in Interval Load

-0.08%

-0.06%

-0.04%

-0.02%

0.00%

0.02%

0.04%

0.06%

0.08%

0.10%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

% UFE

-1.60%

-0.80%

0.00%

0.80%

1.60%

2.40%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

% UFE

% shift in interval load

Page 14: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

14 Presentation MITNovember 14, 2011

Generation

5500

6500

7500

8500

9500

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Aggregate IDR Load Example: Dec 21, 2010IDR slower than NIST clock by 30 sec

Shift in Interval Load

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Average Shift in Interval Load Due to IDR Delay: 0.0004%

Average UFE: -1.2298%

% UFE

-4.00%

-3.20%

-2.40%

-1.60%

-0.80%

0.00%

0.80%

1.60%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

% UFE

% shift in interval load

% Shift in Interval Load

-0.08%

-0.06%

-0.04%

-0.02%

0.00%

0.02%

0.04%

0.06%

0.08%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

Page 15: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

15 Presentation MITNovember 14, 2011

Generation

8000

10000

12000

14000

16000

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Aggregate IDR Load Example: Jul 8, 2011IDR slower than NIST clock by 30 sec

Average Shift in Interval Load Due to IDR Delay: 0.0014%

Shift in Interval Load

-12.00

-7.00

-2.00

3.00

8.00

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Average UFE: 1.0757%

% Shift in Interval Load

-0.08%

-0.06%

-0.04%

-0.02%

0.00%

0.02%

0.04%

0.06%

0.08%

0.10%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

% UFE

-0.50%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

Page 16: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

16 Presentation MITNovember 14, 2011

Generation

8000

10000

12000

14000

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Aggregate IDR Load Example: Feb 2, 2011IDR slower than NIST clock by 30 sec

Average Shift in Interval Load Due to IDR Delay: 0.0007%

Shift in Interval Load

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

10.00

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

MW

H

Average UFE: 1.9799%

% Shift in Interval Load

-0.08%

-0.06%

-0.04%

-0.02%

0.00%

0.02%

0.04%

0.06%

0.08%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

% UFE

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81 86 91 96

settlement interval

Page 17: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

17 Presentation MITNovember 14, 2011

Summary

• Observations of this study are as follows: – Flat load

• No Impact

– Price/demand responsive load• Potential impact. Will depend on site operating procedures and load characteristics• IDR clock error combined with variations in price of electricity will result in savings in

one interval, with losses in other

– Aggregate IDR load• Meter clock error up to 45 seconds has minimal impact on aggregate IDR load used in

wholesale settlements • IDR clock error combined with variations in price of electricity will result in savings in

one interval, with losses in other

• Note: Study of impact of elimination of time error correction on retail settlements or an individual market participant has not been performed. Each individual party should carry out their own study based on their specific load characteristics

Page 18: 1 Presentation MIT November 14, 2011 Metering Issues Taskforce (MIT) Elimination of Time Error Correction Potential Impact on Wholesale Settlements

18 Presentation RMSAug 17, 2011

Questions?