Sygration Dispatchable Load Market Simulator
The Dispatchable Load Market Simulator ("bid simulator") is used by Market Participants in Ontario's wholesale electricity market who are considering having their resources become dispatchable by the Ontario Independent Electricity Market Operator (IESO). Once dispatchable, a participant must provide the IESO with energy and (optionally) operating reserve bids such that IESO systems continuously send dispatch instructions to the participant based on the current market prices and any transmission constraints at their resource.
The bid simulator uses historical data collected continuously from the IESO to allow a participant to test their bids and evaluate what their dispatch quantities and costs/credits would have been had those bids been used for real. This allows the participant to understand the impact of certain bids and develop their bid strategy prior to committing their resources as dispatchable.
The simulator analyzes the historical 5-minute data for the location of choice to determine several important measurements quantities and charges:
Using the Market Simulator
The bid simulator uses Shadow Prices generated by the IESO systems to identify transmission and loss constraints. The accuracy of the bid simulator depends greatly on the proximity of the target Delivery Point to a location having Shadow Price data. The first step is to identify the closest existing shadow price location and request historical data to be loaded. The IESO will assist in providing this information. Contact Sygration to back-load historical data and to enable the collection of the data into the database on an ongoing basis. The Query Express report Monitored Delivery Points lists all available and monitored shadow prices in the Sygration database.
Once the approximate Shadow Price location is identified and the data is available, the delivery point will be included in the pop-up list of delivery points available in the simulator. You may follow the instructions provided to begin the simulation using your own test energy and operating reserve bids.
The bid simulator requires about 1 second to calculate each day of historical data.
The Dispatchable Load Market Simulator allows you to select a range of months within a single year of data, for which to apply the simulation. The more historical data you chose for the simulation, the longer it takes for the results to be generated.
While all calculations are based on 5 Minute data, you may display this data or have it rolled up to an Hourly or Daily level. It is best to limit full 5 Minute reports to a single month, as the amount of output from a single month is over 1MB.
For each period (5 Minute, Hourly, or Daily), you have a choice of which data to be displayed:
The results of the Bid Simulator will differ slightly from the actual IESO dispatch and final cost/credits of the IESO settlements system. These differences include:
BY USING THE DISPATCHABLE LOAD BID SIMULATOR SERVICE YOU AGREE TO THE FOLLOWING TERMS:
SYGRATION PROVIDES THIS SERVICE "AS IS," "WITH ALL FAULTS" AND "AS AVAILABLE," AND THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY, AND EFFORT IS WITH YOU. SYGRATION DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS, STATUTORY AND IMPLIED, INCLUDING WITHOUT LIMITATION (1) WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, WORKMANLIKE EFFORT, ACCURACY, TITLE, NO ENCUMBRANCES, NO LIENS AND NON-INFRINGEMENT, (2) WARRANTIES OF ACCURACY REGARDING THE DATA, REPORTS AND INFORMATION PROVIDED WITHIN, (3) WARRANTIES ARISING THROUGH COURSE OF DEALING OR USAGE OF TRADE, AND (4) WARRANTIES THAT ACCESS TO OR USE OF THE SERVICE WILL BE UNINTERRUPTED OR ERROR-FREE. THERE ARE NO WARRANTIES THAT EXTEND BEYOND THE FACE OF THIS AGREEMENT. SYGRATION MAY CHANGE THE SERVICE OR THE FEATURES IN ANY WAY, AND AT ANY TIME AND FOR ANY REASON.
IN NO EVENT SHALL SYGRATION BE LIABLE FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL, OR PUNITIVE DAMAGES ARISING OUT OF, BASED ON, OR RESULTING FROM YOUR USE OF THE SERVICE, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, WITH THE DELAY INABILITY TO USE THE SERVICE, THE PROVISION OF OR FAILURE TO PROVIDE SUPPORT SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, OR SERVICES OBTAINED THROUGH THE SERVICE, OR OTHERWISE ARISING OUT OF THE USE OF THE SERVICE, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF SYGRATION OR ANY OF ITS SUPPLIERS HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES.
Copyright © 2004 Sygration