DACP for Importers and Exporters
ImportsScheduling imports day-ahead provides more certainty that they will deliver in real-time. At the same time, it gives importers more time to navigate adjacent markets and coordinate with neighbouring jurisdictions. The DACP provides a guarantee that imports will not risk being settled at a loss if their real-time price-based revenues turn out to be less than their day-ahead as-offered costs.
For import transactions, you may submit your offers by 10:00 a.m. EST on the pre-dispatch day if you want to participate in the day-ahead process, and if scheduled, you will automatically receive a day-ahead intertie offer guarantee. This assures you that you will recover at least 'day-ahead as-offered costs' if you perform in real-time in a manner consistent with your day-ahead commitment.
Imports will be subject to a Day-Ahead Import Failure Charge, if real-time flows are less than the MW quantity committed during the DACP. Imports will be exempt from this failure charge if the conditions causing the failure are outside of the importer's control.
ExportsFor export transactions, you may submit your bids by 10:00 a.m. EST on the pre-dispatch day if you want to participate in the day-ahead process. Keep in mind that unlike Imports, there is no day-ahead financial guarantee for exports scheduled in day-ahead.
Exports will be subject to a Day-Ahead Export Failure Charge, if real-time flows are less than the MW quantity committed during the DACP. Exports will be exempt from this failure charge if the conditions causing the failure are outside of the exporter's control.
Linked WheelsLinked wheels may be submitted for the DACP and do not have to conform to the required pricing protocols. The submissions must be entered before 10am EST on the pre-dispatch day. They do not have to price the export at maximum market clearing price or price the import at something lower than negative $50. The added benefit of having a linked wheel in the day-ahead is that both legs of the transaction will be scheduled to an equal amount (the quantity that can economically navigate both sets of interties). Once the DACP is over the real-time offers must conform to the pricing requirements as laid down in Market Manual 4.2, Submission of Dispatch Data in the Real-Time Energy and Operating Reserve Markets.
Day-ahead scheduled imports and exports from the same participant are considered to be implied day-ahead wheels for settlement purposes.
Linked Wheels will be subject to a Day-Ahead Linked Wheel Failure Charge if real-time flows are less than the MW quantity committed during the DACP.
DACP Settlement ChargesFurther information on DACP settlement procedures and processes are available in the relevant market manual.
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