LOAD BALANCING

via
Day Ahead and Intra-Day contracts
 Outline

Products in Various Time Frames

Portfolio Management

Day Ahead Options

Intra-Day Options

Experience at inter-State level

 Products in Different Time Frames
3 Years
25 12 Years 3 Months
< 3 Months

Long Term Medium Term Short Term

Central Transmission Utility POSOCO

Products in the Short Term Market

Bilateral Collective/PX
Advance Day Ahead
First Come First Served Term Ahead
Day Ahead 24 X 7 Intraday /
Contingency Contingency Market

Discovery of Efficient Electricity Price (DEEP)

E-Bidding Portal
(> one day to one year)
 Portfolio Management:
A Typical Dispatch
Balancing supply and demand
Handling surplus and deficit

36 Forecast Contingency Real-time

34 Day Ahead, Deviations

PX
32 Buy
00 MW

Buy

30 Sell Sell

28
26
ADVANCE SHORT TERM BILATERAL CONTRACTS
24
22 FIRM SHARES IN ISGS\LTA\MTOA

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hours
 DECENTRALIZED SCHEDULING

Time
Availability
09:00
Declaration
10:00 Entitlements
Collective
Requisition &
15:00 Transactions (PX)
Bilateral Agreements
S
I Injection Schedule R Drawal Schedule
18:00 L
S L
D
G D
Revision in DC Revision in Requisition
C
22:00
S C

23:00 Final Final

Injection Schedule Drawal Schedule

0 to 24 Revisions during Revisions during

hours Current day Current day
2-Dec-17 5
 DAY AHEAD OPTIONS

ISGS/LTA/MTOA transactions
Based on merit order
POWER EXCHANGE Day Ahead Market
Bilateral Transaction Day Ahead
Revision of Schedule
ISGS Allocation
Long Term Agreement
Medium Term Agreement
 INTRA - DAY OPTIONS
POWER EXCHANGE 24 x7
Bilateral Transaction Contingency
Revision of Schedule
ISGS Allocation
Long Term Access Transactions
Medium Term Open Access Transactions
Un-Requisitioned Surplus
 All India
Synch

ER WR NR
Synch

ER WR
Synch

ER NER
Synch
 Challenges ahead..
Demand Forecasting
Renewable Generation Forecasting
Flexibility
Reserves
Increase granularity :
move from 15 min to 5 minute settlement period
Ancillary Service
mkagarwal@posoco.in