Please note that this FAQ will be regularly updated as the need for new information is identified.
What is the Power Prices Portal? This feature of the RisQuant Energy Portal shows recent power price activity in context for a wide variety of commercially interesting LMPs (locational marginal prices) across North America. The intended audience is anyone with an interest in North American wholesale electricity trading and valuations.
Bookmarks. Please be aware that this project is fairly fluid at this stage. Bookmarks of individual pages are not going to work at some point and you will get 404 errors. So, please bookmark the domain, or 'Risquant.com/power-prices'.
Which RTO/ISO regions does RisQuant report? We have started with PJM Interconnection and Midwest ISO. New York ISO will be rolled out shortly. ISO New England will be implemented shortly thereafter. If you have a particular interest in a location, let us know and we will include it in the decks if it is commercially significant.
Will RisQuant report other ISOs? Other North American ISOs will be rolled out in the coming weeks and months. Specifically, we expect to add ERCOT, CA-ISO, SPP, AESO and IESO. We have no plans to report outside North America.
Will RisQuant report forward curve prices from exchanges? Yes, forward curves are in the development queue.
Why the advertising? Advertisements are our revenue model to sustain this effort. Our intention is to provide zero out-of-pocket cost access to recent and historical power price activity, while generating fair compensation for our efforts and expertise. We have no plans to implement a pay-wall or other revenue model. There are several high quality vendors who provide that service already.
How can we advertise on RisQuant.com? We are actively seeking advertisers who value the high quality and power market interests of our visitors. Contact us through the contact form to discuss.
Can RisQuant deliver other historical prices? Yes. We already provide cost effective access to historical power prices from our comprehensive prices database. This service leverages that resource. Please have some idea about 'Where?' and 'When?' when inquiring. Articulating 'Why?' helps, too, in serving your project's needs.
What do the prices mean? On the daily lines, x16 refers to on peak hours, while x8 refers to overnight. DA refers to the Day Ahead market, while RT refers to the Real Time. Prices are reported in conventional wholesale units: dollars per megawatthour. If you hail from the retail side of the business, to convert that to cents per kilowatthour, simply divide by 1000. Example: $42.18/mwh converts to $0.04218/kwh. Please remember that a retail price would add capacity, high voltage transmission, local distribution and other charges to the wholesale price of the electricity.
What is the definition of 'On Peak'? We use the NERC definition for the Eastern Interconnect. That is, 7am through 11pm eastern prevailing time, Monday through Friday except for six NERC holiidays. This definition is also used by the ICE, NYMEX and Nodal exchanges for determining contract specifications. In all regions, the interval prices respect daylight savings time, MISO included.
Do you intend to report capacity prices? No.
Do you intend to report energy, congestion and line loss components of LMP? Yes. The energy component is already in the development queue.