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Nodal EDS 3: Real-Time Market
Objectives
- Security Constrained Economic Dispatch (SCED)
- Verify SCED inputs from real-time operations
- Verify that qualified scheduling entities (QSEs) are capable of submitting offer curves
- Publish locational marginal prices (LMPs) and base points calculated by SCED
- Begin LMP publication
- Load Frequency Control (LFC)
- Verify data requirements for LFC, for each QSE qualified to provide either regulation up, regulation down or responsive reserve services
- Compare area control error (ACE) on early delivery system (EDS) environment and existing control systems for seven days
- Verify each QSE's ability to provide regulation control and dispatch instructions for manual responsive reserve deployment dispatch
- Congestion Revenue Rights (CRR)
- Verify market participant's ability to submit test bids for CRRs on transmission elements
- Execute trial auction for monthly and annual CRRs
- Assign trial pre-assigned congestion revenue right (PCRRs)/CRRs to market participants for day-ahead market (DAM) and real-time operations testing of settlement systems during EDS 4
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