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With the advent of the FERC Standard Market Design, the Midwest Electricity Markets will be transformed in many ways. The FERC SMD is based on Locational Marginal Pricing (LMP) and Financial Transmission Rights (FTRs) which requires the implementation of a centralized dispatch and creation of a "spot" market. This is a significant change in the way that the Midwest electrical systems are currently operated and the way that market participants do business today.
The Midwest ISO and stakeholders have been working on the MISO market design, which is very compatible with the FERC SMD, for over two years and had an early start in this regard. However, the implementation of the FERC SMD is not the only change in the Midwest, the expansion of PJM LMP market into the territories of AEP, DPL, ComEd, and Illinois Power, will pose a unique challenge in coordinating two "tightly coupled" LMP markets.
Additionally, the creation of several Independent Transmission Companies in the Midwest such as TransLink, GridAmerica, National Grid, and International Transmission Company add another degree of complexity in the coordination of LMP/FTR markets across the MISO and PJM footprints.
This presentation will discuss the above aspects of the future Midwest markets from an unbiased standpoint and present the basics of LMP markets and Inter-RTO coordination.
Dr. Roberto F. Paliza is an independent consultant and has over 15 years of experience in the U.S. Electric Utility business. He received his M.Sc. and Ph.D. in Electric Power Systems from the University of Manchester Institute of Science and Technology (UMIST) in Manchester, U.K., and he is the author of several technical papers on power system operations and a senior member of the Institute of Electrical and Electronic Engineers (IEEE).
Dr. Paliza was a Principal Consultant in the Midwest ISO and the Technical Director for the combined MISO/SPP market. He led the design of the LMP/FTR Market System for MISO-SPP, and contributed to the development of the strategy and implementation plan for the MISO/PJM/SPP common market.
Before joining the Midwest ISO in April of 2000, Dr. Paliza worked for the Mid-American Interconnected Network (MAIN) Reliability Center in Lombard, Illinois. At MAIN, he led the team of engineers responsible for the initial development of the infrastructure and operational procedures to implement regional ATC calculations, OASIS postings, and security coordination.
While working for MAIN, Dr. Paliza developed inter-regional coordination procedures for ATC calculation and reliability data exchange with MAPP, SPP, ECAR, and SERC. He was instrumental in the design and implementation of the NERC Interchange Distribution Calculator (IDC) and System Data Exchange (SDX) to support the NERC TLR process. Dr. Paliza also worked on design engineering, transmission capability studies, and daily studies of voltage stability assessment in the MAIN region.
Dr. Paliza represented MAIN and MISO in several NERC committees and forums, and is familiar with the NERC reliability standards.
Before joining the MAIN reliability center in February 1997, Dr. Paliza worked for several Energy Management Systems (EMS) vendors as a lead in the design, development, integration, and testing of EMS power system applications.
| Location | Time | ||
|---|---|---|---|
| ComEd Commercial Center - Auditorium | 5:30 PM | Social | |
| 1919 Swift Drive (park behind building) | 6:30 PM | Dinner | |
| Oak Brook, IL 60523-1850 | 7:30 PM | Presentation | |
| (near I-290 & I-294 interchange) | 8:30 PM | Adjourn | |
| 630-684-3200 |