X hits on this document

911 views

0 shares

0 downloads

0 comments

4 / 179

2009 State of the Market Report

List of Figures

Figure E-1: All-In Price of Electricity ..........................................................................................................v Figure E-2: Fuel Price-Adjusted System Marginal Price.............................................................................vi Figure E-3: Net Revenue Analysis..............................................................................................................vii Figure E-4: ASM Prices and Shortage Frequency ........................................................................................x Figure E-5: Real-Time RSG Payments.......................................................................................................xii Figure E-6: Day-Ahead and Real-Time Congestion Costs........................................................................xiv Figure E-7: Economic Withholding – Output Gap Analysis .....................................................................xix Figure E-8: Voluntary Capacity Auction Results ......................................................................................xxi

Figure 1: All-In Price of Wholesale Electricity ............................................................................................1 Figure 2: Real-Time Energy Price-Duration Curve......................................................................................3 Figure 3: Midwest ISO Fuel Prices...............................................................................................................4 Figure 4: Fuel-Price Adjusted System Marginal Price .................................................................................5 Figure 5: Price Setting by Unit Type ............................................................................................................6 Figure 6: Net Revenue and Operating Hours................................................................................................8 Figure 7: Load Duration Curves .................................................................................................................12 Figure 8: Heating and Cooling Duration Curves ........................................................................................13 Figure 9: Generation Capacity in MW by Coordination Region ................................................................15 Figure 10: Distribution of Generation Capacity by Region........................................................................16 Figure 11: Availability of Capacity during Peak Hours..............................................................................17 Figure 12: Capacity Unavailable during Peak Hours..................................................................................18 Figure 13: Generator Outage Rates.............................................................................................................19 Figure 14: Voluntary Capacity Market Results ..........................................................................................23 Figure 15-16: Day-Ahead Hub Prices and Load.........................................................................................26 Figure 17: Day-Ahead and Real-Time Prices .............................................................................................29 Figure 18: Day-Ahead Ancillary Services Prices and Price Convergence .................................................32 Figure 19: Peak Hour Day-Ahead Scheduled Load versus Actual Load....................................................34 Figure 20: Virtual Load and Supply in the Day-Ahead Market..................................................................35 Figure 21: Profitability of Day-Ahead Virtual Trading ..............................................................................37 Figure 22: Virtual Profitability by Location ...............................................................................................38 Figure 23: Virtual Transaction Volumes ....................................................................................................39 Figure 24: Daily Day-Ahead Forecast Error in Peak Hour.........................................................................40 Figure 25-26: Real-Time Hub Prices and Load ..........................................................................................42 Figure 27-28: Real-Time Prices and Headroom by Time of Day...............................................................44 Figure 29: Five-Minute Real-Time Price Volatility....................................................................................46 Figure 30: Real-Time Ancillary Services Prices and Shortages .................................................................47 Figure 31: Regulation Offers and Commitments........................................................................................49 Figure 32: Spinning and Supplemental Reserves Offers and Commitments..............................................50 Figure 33: Market Spin Shortage Intervals vs. Rampable Spin Shortage Intervals....................................52 Figure 34: Regulation Deficits and Prices ..................................................................................................53 Figure 35: Spinning Reserve Deficits vs. Spinning Reserve Prices............................................................54

(Continued)

Document info
Document views911
Page views911
Page last viewedMon Jan 23 23:54:20 UTC 2017
Pages179
Paragraphs5369
Words52656

Comments