IEC CIM Market Model - Home - UCAIug Universit… · IEC CIM Market Model CIM University New Orleans, LA October 22, 2012 ... Profile Generation Methods • The rules do not preclude
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• The Market Management Model, in conjunction with theCommon Package, will be used to generate a set ofMessage Profiles for the European-Style Markets.
• The profiles will be used when the electricity market isbased on regulated Third Party Access, i.e. TransmissionSystem Operators have to allow any electricity supplier non-discriminatory access to:
– the transmission network to supply customers
– the wholesale and retail market transactions (bilateral orthrough a Power Exchange) to exchange energy
• A layered modelling framework is used to build down to themessages.
• Each business process necessary to run an electricitymarket will have a dedicated set of contextualizeddocuments provided in the form of Profiles specified in UML.
• The market profiles are specified in parts 62325-351 and62325-451
• The contextual documents are described in parts 62325-451
• The assembly and syntactic models are specified in part62325-551.
• Describes the set of classes to be used with the CommonMarket Model and other parts of the CIM to generate modelprofiles that include the Day Ahead and Real-Time Models.
• This profile is used for NA-Style electricity markets that arecharacterized:
– By day ahead unit commitment
– By a market operator
– Intraday and real time balancing through central dispatch
– Settlement based on Locational Marginal Prices (LMP).
• The NA-Style market also includes the auction ofCongestion Revenue Rights (CRR) which are financialinstruments that market participants purchase to hedgeagainst congestion costs.
• Meter Data Management and Billing & Settlement are alsoincluded.
• The MarketOperations package includes models to supportthese characteristics.
• NA-Style markets are based on offers to sell and bids to buyelectrical products that are cleared by a market operatorsubject to network and resource constraints.
• Bids and offers include price quantity pairs and technicaldata related to the ability of the market participant to deliverthe quoted products.
• The term bid is used to include offers to sell and bids to buyone or more electrical products.
• Bids are further classified as Resource Bids or TransactionBids.
– Resource bids are bids that are based on physical (orvirtual) resources that are inside the footprint of the RTOand thus under the direct operational control of the RTO.
– Transaction Bids are bilateral agreements madebetween market participants that are reported to the RTOfor inclusion as constraints in the market clearing.
– The RTO determines whether the bilateral agreementscan be consummated while maintaining system reliabilitystandards.
• Bids are associated with Scheduling Coordinators thatsubmit them on behalf of market participants
• Bids are also allowed for energy and ancillary services. Afurther association between the Bid class and the Marketclass indicates which market the bid is intended for (DayAhead, Real Time, etc)
• A bid may also be a self schedule, meaning that the marketparticipant would like to operate the resource according to acertain (for example minimum) schedule.
• The market operator determines whether this resource canrun with the submitted self schedule while system reliabilitycriteria are met.
• These self schedules are settled at the LMPs determinedduring the market clearing.
• This model also supports bids with part of the range of bidclassified as a self schedule and part as regular bid.
• The rules do notpreclude the use ofeither path shownhere and any conflictsare unintentional.
• In the event a ruleexists that precludesthe use of either path,that rule should beconsidered invalid andwill be removed orrevised in futurerevisions of thestandard.
is the basis on which all information interchange requirementsare built independently of the Regional Contextual Model beingused.
• The Regional Contextual Models:
are built to cover the market information interchangerequirements for a given Region (i.e. the Business Context). ARegion may be a continent, a specific country or anorganization.
are based on the CIM artefacts
specific regional artefacts themselves cannot contradict the CIMartefacts on which they are built.