5.1 Reserve Market

Question 1

What are the two types of synchronous reserve?

Answer 1

Tier 1 - economic (on dispatch and partially loaded)

Tier 2 - non-economic. Offered into synch reserve market

Question 2

What is the minimum capability for a resource to participate in the tier 2 synch reserve market?

Answer 2

0.1 MW

Question 3

What is the timeframe for tier 2 reserves?

Answer 3

must respond within 10 minutes

Question 4

What is the max offer price for synch reserves?

Answer 4

O&M cost plus $7.50/MWh margin

Question 5

Market Timeline: when is Energy Schedule for LOC calculation due?

Answer 5

Day ahead, by 10:30

Question 6

Market Timeline: when is Tier 2 Offer Price due?

Answer 6

Day ahead, by 14:15

Question 7

Market Timeline: what are the other market data and when can they be submitted?

Answer 7

up to 65 min before operating hour:

• SR status (availability)
• Offer MW
• Offer price
• Self scheduled MW
• Spin max

Question 8

Synch reserve results posting: How often and when are Preliminary Tier 1 estimates posted?

Answer 8

Hourly, 30 min prior to top of hour

Question 9

Synch reserve results posting: How often and when are Inflexible Tier 2 assignments posted?

Answer 9

Hourly, 30 min prior to top of hour

Question 10

Synch reserve results posting: How often and when are Flexible Tier 2 assignments posted?

Answer 10

Every 5 mi ( via ICCP)

Question 11

Synch reserve results posting: How often and when are clearing prices posted?

Answer 11

Every 5 mi ( via data viewer)