January 31, 2006
Report of the Market Advisory Committee
In accordance with Market Rule 3B.3.2, the Market Advisory Committee (MAC) hereby
advises the Board of Directors of New Brunswick System Operator that the MAC has
fully reviewed the proposed amendments to the Market Rules, which proposals were
published on the NBSO website on December 6, 2005.
The MAC further advises the Board that, at a meeting held December 5, 2005, the
MAC:
- With respect to proposed amendment #1, Intra-Day Changes to Dispatch, unanimously
approved the proposal based on the following revised wording for Market Rule 6.10.5B
“A Market Participant for a Generation Facility may at any time submit to the SO
revisions to its Dispatch Data for hours commencing more than 2 hours after the
submission of such revisions. Such changes shall be restricted to changes in P(1)
to P(nmax) and Q(1) to Q(nmax). The SO shall approve such requests unless the SO
determines that such a change would threaten the Reliability of the SO controlled
grid.”;
- Approved proposed amendment #2, Demand Side Bids, in principle, but deferred a final
recommendation to its next meeting, pending additional information about the details
of its implementation; and
- Approved proposed amendment #3, Next Day FHMC Indication, as drafted, by a vote
of 4 to 3 with one abstention.
The issue which resulted in the close vote is that some committee members feel that
posting FHMC in a more timely manner amounts to revealing the costs of the only
player in the market at this time, thereby giving competitors an unfair advantage.
The compromise proposed would see FHMC posted in $10 ranges, rather than actual
prices.
On the basis of the foregoing, the Market Advisory Committee recommends the adoption
and implementation of proposal #1 above, as amended, and proposal #3 above, as drafted.
Jessie Davies
Chair
Market Advisory Committee