❗PSCAD and PSS/E MODELING❗ ERCOT Market Notice "Notice of ERCOT Reliability Monitor Report to Public Utility Commission" #ERCOT Reliability Monitor (ERM) issued a market notice this week stating that it intends to file a report with the Enforcement Division of the Public Utility Commission of Texas regarding delinquent Market Participants with respect to their #PSCAD (electromagnetic transient (#EMT)) model benchmarking against actual hardware testing and providing parameter verification documentation confirming model settings match actual settings implemented in the field. #ERCOT PGRR085 added requirements for certain entities to provide reports of model benchmarking and parameter verification. The revisions included specific details, timelines. applicability, expectations of model accuracy and quality test reports, and plant verification reports. NOTES: ⚠ "The ERM determined ERCOT has 394 commissioned Resource sites that are required to provide the model data pursuant to Planning Guide Section 5.5(5)(b) or a PVR pursuant to Planning Guide Section 5.5(5)(c). Of those sites, as of today, 280 timely submitted the required data. ERCOT rejected some submittals as deficient and returned them to Market Participants. Many Resource Entities that made deficient submittals have not followed up with corrected information as required." ⚠ "The ERM will file a report with the Enforcement Division of the Public Utility Commission of Texas regarding the delinquent Market Participants." Elevate Energy Consulting is poised to support generator owners and renewables developers specifically with PSCAD and PSS/E model development, quality test reports, verification, benchmarking, and meeting ISO/RTO model submittal requirements. Reach out to discuss further! Elevate Details: Contact: info@elevate.energy Website: https://lnkd.in/gkwZ_fUv Notices: July 1, 2024: https://lnkd.in/gY8gCm94 March 13, 2023: https://lnkd.in/grZ36r_R
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If you want to stay updated on the latest in home asset intelligence (appliances, hvac, water heaters) and how to turn unstructured data into insights that drive NOI and profits... please follow Source7's page!
Source7 | LinkedIn
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The FERC just approved sloped “reliability-based demand curves” (RBDCs) for the Midcontinent Independent System Operator (MISO). This is the second part of a broader set of market enhancements for meeting the changing resource adequacy needs of the MISO system. 1. The first enhancement disaggregated MISO’s prior annual market into four seasons to better address resource adequacy risks that can occur throughout the year (implemented starting in 2023/24). 2. The second, which FERC just approved for 2025/26 implementation, replaces MISO’s current vertical demand curves with sloped RBDCs for clearing the Planning Resource Auctions. This will form more rational prices, reflecting a constant willingness-to-pay per MWh of expected load-shedding avoided by each MW of capacity—creating a non-zero but diminishing capacity payment per MW as reserve margins increase. Resulting prices will help support investment in the restructured parts of the MISO footprint, while also informing decisions for traditionally regulated states/utilities (providing useful information even for those that opt out of the variable RBDC-based requirement). 3. The third proposed reform would implement a “direct loss-of-load” resource accreditation approach to better express each resource’s contribution to reducing risks, starting in 2028/29. The FERC is still reviewing MISO’s filing on this matter. Together, these reforms will help support adequate supply with a cost-effective combination of resources. They also form a strong foundation for future refinements to the market. MISO’s RBDC design choices were informed by the analysis of The Brattle Group team led by Kathleen Spees, with Linquan Bai, Natalie Northrup, Alexander Bartone, and me. Our analysis and testimony evaluated the advantages of an RBDC, described design options, and simulated potential market outcomes. MISO’s RBDC filing is here: https://lnkd.in/eVfz-rH8. The FERC Order approving it can be found here: https://lnkd.in/e9ZCFTQ3.
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Use our pipe flow calculator to learn how to standardize your pipe flow analysis for accuracy and efficiency:
Energy Audit Calculator - PIPE-FLO Energy Audit Calculator
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Use our pipe flow calculator to learn how to standardize your pipe flow analysis for accuracy and efficiency:
Energy Audit Calculator - PIPE-FLO Energy Audit Calculator
https://revalizesoftware.com
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Use our pipe flow calculator to learn how to standardize your pipe flow analysis for accuracy and efficiency:
Energy Audit Calculator - PIPE-FLO Energy Audit Calculator
https://revalizesoftware.com
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A long time coming to a sloped capacity demand curve in MISO. Central concept is really cool: the reliability-driven slope of the curve aligns payments for reliability between regions and across seasons (check out the full testimony to see the cost savings from this cross-seasonal reliability balancing). The curves also pave the way for cross-season co-optimization of capacity auction clearing and having more granular local curves for each zone.
The FERC just approved sloped “reliability-based demand curves” (RBDCs) for the Midcontinent Independent System Operator (MISO). This is the second part of a broader set of market enhancements for meeting the changing resource adequacy needs of the MISO system. 1. The first enhancement disaggregated MISO’s prior annual market into four seasons to better address resource adequacy risks that can occur throughout the year (implemented starting in 2023/24). 2. The second, which FERC just approved for 2025/26 implementation, replaces MISO’s current vertical demand curves with sloped RBDCs for clearing the Planning Resource Auctions. This will form more rational prices, reflecting a constant willingness-to-pay per MWh of expected load-shedding avoided by each MW of capacity—creating a non-zero but diminishing capacity payment per MW as reserve margins increase. Resulting prices will help support investment in the restructured parts of the MISO footprint, while also informing decisions for traditionally regulated states/utilities (providing useful information even for those that opt out of the variable RBDC-based requirement). 3. The third proposed reform would implement a “direct loss-of-load” resource accreditation approach to better express each resource’s contribution to reducing risks, starting in 2028/29. The FERC is still reviewing MISO’s filing on this matter. Together, these reforms will help support adequate supply with a cost-effective combination of resources. They also form a strong foundation for future refinements to the market. MISO’s RBDC design choices were informed by the analysis of The Brattle Group team led by Kathleen Spees, with Linquan Bai, Natalie Northrup, Alexander Bartone, and me. Our analysis and testimony evaluated the advantages of an RBDC, described design options, and simulated potential market outcomes. MISO’s RBDC filing is here: https://lnkd.in/eVfz-rH8. The FERC Order approving it can be found here: https://lnkd.in/e9ZCFTQ3.
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Deregulated Brazilian power prices monitor Until recently, the simple fact that a regulated user migrated to the free market was enough to place him at a "super competitive" level. The reason is simple: the cost differential between regulated and free was and still is significant! But... now that the vast majority of business and institutional consumers are free, the dispute is about who can get the best prices and thus place themselves in a different position in their market! This means knowing when to close prices for future delivery becomes a topic of utmost importance. It is exactly for this reason that I will periodically publish a price "monitor" for future delivery accompanied by an analysis of the interest and convenience of closing a deal. If you would like to receive the "monitor" for a 1 month "trial" period (free), let me know and I will add your email to the list! Watch this 2-min-video to understand the concept!
Power prices monitor
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Innovation, Agility, Resilience, Honesty & Integrity, Excellence, Commitment & Passion
Excellent paper about MSE. Although improving penetration rate is in the bottom of my priorities’ list 😊 https://lnkd.in/dSU-k8rb
Standardization of Mechanical Specific Energy Equations and Nomenclature
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The E3 Transformer Monitor is a data-driven, monitoring solution that utilizes field-proven technology in data collection, analysis, and visualization to communicate the health and condition of the transformer. Discover how the E3 is capable of analyzing #dga, Harmonics, Moisture in Oil, and Voltage Control in easy-to-use webpages. In this webinar, you will learn about the tips and tricks of monitoring your #powertransformer with the E3 Transformer Monitor. https://lnkd.in/gf2br3sZ #dynamicratings #assetmanagement #monitoring #powergrid
Useful Tools in the E3 Transformer Monitor Webinar
https://www.dynamicratings.com
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Process experts used TrendMiner to identify inlet and steam flow timeframes and help control steam loss in a two-part filtration process. 👀 Learn how: https://bit.ly/42HYmqt 🔓Unlock the power of your data. Discover more of the real-world use cases for TrendMiner’s process industry analytics platform: https://bit.ly/42Grdvf #TrendMiner #AdvancedAnalytics #IndustrialAnalytics #MachineLearning #Industry40 #ManufacturingSolutions #OperationalEfficiency #DownTimeReduction #ProcessOptimization #PracticalUseCase
Process experts used TrendMiner to identify inlet and steam flow timeframes and help control steam loss in a two-part filtration process. 👀 Learn how: https://bit.ly/42HYmqt 🔓Unlock the power of your data. Discover more of the real-world use cases for TrendMiner’s process industry analytics platform: https://bit.ly/42Grdvf #TrendMiner #AdvancedAnalytics #IndustrialAnalytics #MachineLearning #Industry40 #ManufacturingSolutions #OperationalEfficiency #DownTimeReduction #ProcessOptimization #PracticalUseCase
Use Case: Reducing Energy Consumption of a Falling Film Evaporator
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