FERC To Convene Technical Conference On Increasing Real-Time And Day-Ahead Market Efficiency Through Improved Software

On March 9, 2017, FERC issued notice that FERC staff will convene a technical conference on June 26, 27, and 28, 2017 to explore opportunities for increasing market and planning efficiency through improved software. FERC staff will facilitate a discussion regarding advances in market modeling that have the potential to improve efficiency. FERC will accept comments following the conference, with a deadline of July 31, 2017.

FERC staff seeks speakers and presenters on the following topics for discussion: (1) improvements to the representation of physical constraints that are either not currently modeled or currently modeled using mathematical approximations; (2) consideration of uncertainty to better maximize expected market surplus; (3) improvements to the ability to identify and use flexibility in the existing systems; (4) improvements to the duality interpretations of the economic dispatch model, with the goal of enabling the calculation of prices which represent