How can my unit become eligible to participate in the Forward Reserve Market?
Participation in the Forward Reserve Market (FRM) begins by clearing a portfolio of mw’s in the Forward Reserve auction in a reserve category (TMOR or TMNSR) to meet either zonal or system wide reserve requirements. Once the offer has cleared, the reserve obligation must then be met by assigning mw’s to a specific unit(s). MR-1, III.9.5.1 describes the criteria for eligibility for both online and offline units to be designated to cover FRM obligations. An online unit must have a dispatchable range of mw’s available within the timeframe of the assigned FRM obligation. An offline unit must be a fast start generator with established Claim 10 or Claim 30 values. A fast start generator is defined in Manual 35 as follows: Fast Start Generator Fast Start Generator shall mean a generating unit that the ISO may dispatch within the hour through electronic dispatch and that meets the following criteria: (i) minimum run time does not exceed one hour; (ii) minimum down time does not exceed one hour
Related Questions
- Are resources that are currently operating under an RMR agreement required to participate in the Forward Capacity Market?
- What steps are needed to establish my unit as a fast start resource to participate in the Forward Reserve Market?
- Are there financial penalties associated with the Forward Reserve Market?
