Abstract :
In the new LMP world, portfolio managers face a host of new challenges. This panel explores the key challenges facing portfolio managers, traders, and risk managers in the new LMP-centric world: • What are the main physical and financial impacts of the new LMP market on our generation fleet? • Do our schedulers have the tools to accurately forecast hourly loads and prices for the day-ahead and real-time markets? • How can our traders formulate bidding strategies that maximize the expected profits from both the day-ahead and real-time markets? • How should our risk managers formulate bidding strategies to reflect market mitigation rules? • How well can our trading team forecast costs, revenues, profits & losses, fuel consumption, and emissions for units that are scheduled by the ISO? • How can we make sure that the ISO day-ahead schedule meets our plant operational constraints (NOx, take-or-pay gas, etc…) • How much money are we leaving on the table if we decide to self-schedule selected units? • How does a lower availability affect revenues and profits for our portfolio? • How can our traders determine that the ISO day-ahead dispatch is not "optimal" for specific units? • What is the best way to formulate hedging strategies for our assets in LMP markets? • How should we value FTRs in LMP markets? • Do we need to have our own shadow settlement software to check ISO invoices?
