MISO MARKET SUPPORT
Energy scheduling into the Midcontinent Independent System Operator (MISO) regional market is among the core services that CMPAS provides members and non-member affiliates. Since 2006, CMPAS has performed MISO scheduling for members, and over the years has performed the same services for Iowa electric utilities in Cedar Falls, Pella, Montezuma, and Eldridge.
As a result of CMPAS’s project-oriented business model, the Agency can accommodate a full-requirements or partial-requirements power portfolio. So that the Agency could segregate utility energy accounts on an hourly basis, it developed software to interface with the MISO market.
This customized Energy Management System (EMS) software serves as the centerpiece of its scheduling services. EMS programmatically schedules and records all physical and financial transactions as well as performs shadow settlement calculations. The software provides a 100 percent verifiable audit trail with the flexibility to add customers and customize for specific needs.
The EMS software fully integrates the following functions:
- SCADA acquisition of load and generation data
- Ventyx® load forecasting software
- MISO Portal Interface for submitting energy schedules
- Transaction scheduling
- Data archiving
- Shadow settlement calculations
Major differentiating strengths of CMPAS’s EMS system compared to offerings from other scheduling providers include:
- Full integration from the beginning of the process of forecasting daily load to reconciling and understanding the complex MISO bills at the end of the month
- Database archival capability
- Extensive querying capabilities for performing “after the fact analysis” and creating customized management reports
- Easy to understand day ahead and real time position screens
- Simple MISO billing summaries
- Remote Web accessibility
- Text messaging and smartphone compatibility
MISO CONGESTION HEDGING
Hedging brings a level of cost certainty to portfolio management. CMPAS can assist municipals in developing congestion hedging strategies that reduce energy market risk by using a utility’s financial transmission rights (FTRs) in two ways:
- Maximizing annual Auction Revenue Rights (ARR’s)
- Utilizing ARRs to secure appropriate FTR hedge positions