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California is unique among the North American ISOs. It has a brand new market design, has no other adjacent ISOs, and relies heavily on imports to serve its internal load. MRTU is the name of California’s market re-design. There is a new physical and financial day-ahead market with locational nodal pricing in place of the old zonal model. California is unique in that it relies heavily on imports to serve its internal load, has a large hydroelectric component, and a large amount of renewable resources. In preparation for MRTU, Genscape's Market Intelligence has been modeling the nodal market since the end of 2007 and was well prepared for the launch of MRTU and the new paradigm in pricing.
Services
PowerIQ California Daily – The authoritative source for what happened yesterday, and what will happen today and tomorrow. Daily reports include the Recap, Bal Day, and Next Day.
Each PowerIQ California Service Provides:
Succinct Summary
A clear summary of Genscape's base case, assumptions, market drivers, and price sensitivities.
Personalized Briefing Calls
Each California client receives a personalized briefing call once the reports are issued. These calls are confidential conversations giving clients the opportunity to ask questions on the reports or other specific items unique to their assets, strategy, or positions. Analysts are also available in the operations center throughout the day (7am-2pm) via phone, instant messenger, or email to provide details on the ever changing market conditions.
Custom Scenarios
Genscape's Market Intelligence extends the value of the service by offering clients the opportunity to run a proprietary scenario through our models. Clients can change almost any input to the model and get the resulting impact on prices within minutes. Examples of changes might include demand, unit availability, gas pricing, and imports.
Detailed Demand Analysis
California is heavily influenced by ocean and coastal weather patterns, which creates volatile load shifts. Powered by NeuroBuilder™ and over 7 years of data, our proprietary neural-network consistently outperforms the ISO under the watchful eye of our trained meteorologists.
In addition to the demand graphs and weather commentary contained in the reports, clients may download hourly demand forecasts into spreadsheets and contact Genscape's demand forecasting team with specific questions.
Generation Analysis
Genscape's Market Intelligence has recently introduced a 9-day forward forecast on the major Pacific Northwest Dam generation. This compliments our California analysis, giving greater visibility to Northwest imports and ultimately, the behavior of the internal supply stack.
Leveraging our unrivalled understanding of unit bidding behavior, Genscape monitoring, unit maintenance activity, and powerflow data, Genscape's Market Intelligence analysts create supply stack assumptions which are presented by fuel type to ultimately understand bidding behavior.
Transmission & Congestion Analysis
Genscape's Market Intelligence California analyst team uses a proprietary powerflow model combined with daily scheduled transmission maintenance data to provide clients with a detailed view of congestion risks and price impacts on specific trading hubs or pricing nodes.
Import/Export Analysis
Genscape's team analyzes surrounding control area generation patterns and real-time interfaces to create a real-time and daily import and export assumptions for the California load.
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