1:00 to 2:15 PM
"The roles and responsibilities of RTOs are pretty well defined by FERC and Order 888. One of the most critical is the provision of imbalance energy in realtime. The Midwest ISO uses a market-based security constrained economic dispatch (SCED) protocol in real-time to maintain the energy balance and support reliable grid operation. While the RTO has many other functions and responsibilities, this is one of the most important. This talk will focus on this critical real-time market design element but also discuss the ancillary design components that follow from it."
Download Presentation (350 kB PDF)
Michael Robinson is Manager of Market Design at the Midwest ISO. He provides expertise in the design and analysis of the markets to be operated by the Midwest ISO, including the imbalance energy, ancillary services, and congestion management markets. He assesses the potential effects of market rules and design features on market performance. He was primarily responsible for crafting the Midwest Market Protocols document during 2003 that formed the basis for the energy markets tariff filed at FERC on 31 March 2004 and conditionally accepted by FERC on 6 August 2004. In addition, the Market Protocols document is the foundation upon which the Business Practices Manuals have been written. He also was part of the team that crafted the rules, business practices and tariff for market-based ancillary service procurement. His major projects currently include developing a resource adequacy construct in the Midwest ISO footprint, and incorporating demand resources into the Midwest ISO markets. Prior to working at the Midwest ISO, he worked at the CAISO where he helped to develop the comprehensive market redesign proposal (MD02) for the CAISO markets that was filed at FERC in 2002. He did his undergraduate work in mathematics and economics at Williams College and graduate work in economics from Stanford. He races BMX and collects sculls in his spare time.