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Forwarding of note on forward prices

From
William Cox
Date
2011-09-22T14:18:00+00:00
ID
Thread
Forwarding of note on forward prices
This is a note sent to a number of TC and IRC participants in
mid-August; the artifact is part of the Forward Prices note that
Toby and I are working on  (FORWD). An earlier attempt to forward
failed.
Thanks!
bill cox

--
William Cox
Email:  
Web:  http://www.CoxSoftwareArchitects.com
+1 862 485 3696 mobile
+1 908 277 3460 fax
Joshua, Donna, Ian, and others

--
I've attached an EMIX artifact that contains the PJM day ahead
prices for July 28, at Pnode 4669664 (New Jersey Hub).  This is
a sample - there are various additional optimizations or
factorings that could be applied, and would be useful for (say)
the IRC or a PJM profile in Energy Interop.
Thanks to Ian for getting us started; I'm sure there are details
that are not precise.  Toby and I used the TotalLMP information.
Further note: This was part of a discussion on expressing forward
prices, in this case hourly next-day market clearing prices,
available at 5pm for the following day.
The same pattern, of course, can address the second example of
five minute projected prices for the next two hours.
<?xml version="1.0"?> <emix:product xmlns:xcal="urn:ietf:params:xml:ns:icalendar-2.0" xmlns:scale=" http://docs.oasis-open.org/ns/emix/2011/06/siscale" ; xmlns:xs=" http://www.w3.org/2001/XMLSchema-instance" ; xmlns:power=" http://docs.oasis-open.org/ns/emix/2011/06/power" ; xmlns:res=" http://docs.oasis-open.org/ns/emix/2011/06/power/resource" ; xmlns:emix=" http://docs.oasis-open.org/ns/emix/2011/06" ;> 	<xcal:components> 		<xcal:gluon> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>9e4e102e-6096-4fc8-a463-00cdd6664b38</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>62b647ad-ade0-4f75-9fc3-d8f8b2189a9d</xcal:uid> 				</xcal:related-to> 				<xcal:dtstart> 					<xcal:parameters> 						<xcal:tzid> 							<xcal:text>America/New_York</xcal:text> 						</xcal:tzid> 					</xcal:parameters> 					<xcal:date-time>2011-05-21T00:00:00</xcal:date-time> 				</xcal:dtstart> 				<xcal:duration> 					<xcal:duration>PT1H</xcal:duration> 				</xcal:duration> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:productType>LmpDayAhead</power:productType> 						<power:serviceDeliveryPoint> 							<power:node>4669664</power:node> 						</power:serviceDeliveryPoint> 						<power:unitEnergyPrice> 							<power:energyReal> 								<power:itemDescription>RealEnergy</power:itemDescription> 								<power:itemUnits>Wh</power:itemUnits> 								<scale:siScaleCode>m</scale:siScaleCode> 							</power:energyReal> 						</power:unitEnergyPrice> 						<power:powerReal> 							<power:itemDescription>RealPower</power:itemDescription> 							<power:itemUnits>W</power:itemUnits> 							<scale:siScaleCode>m</scale:siScaleCode> 							<power:powerAttributes> 								<power:hertz>60</power:hertz> 								<power:voltage>220</power:voltage> 								<power:ac>true</power:ac> 							</power:powerAttributes> 						</power:powerReal> 						<power:charges/> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 			<xcal:components/> 		</xcal:gluon> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>62b647ad-ade0-4f75-9fc3-d8f8b2189a9d</xcal:text> 				</xcal:uid> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>38.91924</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>11a21d19-bb4b-4533-aff2-5aa3454068f8</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>62b647ad-ade0-4f75-9fc3-d8f8b2189a9d</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>35.34481</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>b8bb45d8-0c51-414e-8cd1-f893f8d7b85b</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>11a21d19-bb4b-4533-aff2-5aa3454068f8</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>32.41068</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>37e5982a-7767-441b-ac24-39e78e27c406</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>b8bb45d8-0c51-414e-8cd1-f893f8d7b85b</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>31.241381</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>428e937d-5da4-44ef-b957-bc9aca92adf8</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>37e5982a-7767-441b-ac24-39e78e27c406</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>31.458545</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>95702a38-0530-4a98-8f6b-74f6bb9e36d8</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>428e937d-5da4-44ef-b957-bc9aca92adf8</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>33.704404</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 						<power:charges/> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>fa2947c2-2a99-49f5-b1af-8912ca504396</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>95702a38-0530-4a98-8f6b-74f6bb9e36d8</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>36.832607</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>e0a486a7-d6b2-42db-aa6d-389977f1fdff</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>fa2947c2-2a99-49f5-b1af-8912ca504396</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>42.241257</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 						<power:charges/> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>d6b89999-231d-4555-b323-3dbe528833a1</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>e0a486a7-d6b2-42db-aa6d-389977f1fdff</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>46.308083</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>3e0220f6-ee99-4313-9a9f-e76a553665ad</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>d6b89999-231d-4555-b323-3dbe528833a1</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>53.400587</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>f938f134-002c-43c9-b5db-517cc529dff7</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>3e0220f6-ee99-4313-9a9f-e76a553665ad</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>53.400587</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>59bcc295-7b0f-4c9f-97da-8d012f96e5e3</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>f938f134-002c-43c9-b5db-517cc529dff7</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>65.049842</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 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					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>1be024a4-4524-4440-ae13-677ca47a6a1b</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>5cf3dcc8-c792-4554-92b4-06a531e70357</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>95.508461</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 						<power:charges/> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>5a03eae8-dc5d-4787-b9ed-22e51d51b94d</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>1be024a4-4524-4440-ae13-677ca47a6a1b</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>103.533567</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>87efc4e8-7248-4750-afc0-287e6dec3f60</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>5a03eae8-dc5d-4787-b9ed-22e51d51b94d</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>115.519348</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>e984a31e-cacf-4839-9185-af19e8cb0977</xcal:text> 				</xcal:uid> 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					<power:powerProductDescription> 						<power:productType/> 						<power:serviceDeliveryPoint> 							<power:node>4669664</power:node> 						</power:serviceDeliveryPoint> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>74.206228</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>bc164474-5233-4579-ba1c-1bafa66ae7c8</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>df4737e3-7116-4643-aa11-e0067012e3d3</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>56.924195</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 		<xcal:interval> 			<xcal:properties> 				<xcal:uid> 					<xcal:text>3ee92679-92af-44bc-87e6-7d4181b92cb1</xcal:text> 				</xcal:uid> 				<xcal:related-to> 					<xcal:uid>bc164474-5233-4579-ba1c-1bafa66ae7c8</xcal:uid> 				</xcal:related-to> 				<xcal:x-wsCalendar-attach> 					<power:powerProductDescription> 						<power:unitEnergyPrice> 							<emix:price> 								<emix:value>49.538325</emix:value> 							</emix:price> 						</power:unitEnergyPrice> 					</power:powerProductDescription> 				</xcal:x-wsCalendar-attach> 			</xcal:properties> 		</xcal:interval> 	</xcal:components> 	<emix:uid>7673ce2b-87a2-4bc5-9bc6-4d77fb3b597c</emix:uid> 	<emix:transactiveState>publication</emix:transactiveState> 	<emix:currency>USD</emix:currency> 	<emix:marketContext>pjm.com/LmpDayAheadNewJerseyHub</emix:marketContext> 	<emix:side>sell</emix:side> 	<emix:terms/> </emix:product>
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