- Количество слайдов: 20
NJ BTM REC Platform Transition Updated May 29, 2009 (This webinar is visual-only. To join the audio portion of the webinar, dial 866 -740 -1260 and enter access code 3276830#. ) To mute your phone line while on the call, press *6; to unmute press *7.
Presentation Outline • • • Notice - Plans Subject to Change! Early and Default Transition Details Frequently Asked Questions Training Opportunities Where to Find More Information Key Contacts
Plans Subject to Change • Transition plans and mechanics are subject to change. • This presentation presents transition plans in their current form and highlights some areas of current uncertainty. • Please check back for updates by attending future calls and/or checking the Transition section of the njcleanenergy. com website – www. njcleanenergy. com/gats.
Transition Status and Outcomes
Early and Default Transition EY 2010 (continued) EY 2009 and EY 2010 REC/SREC trading CPM Default Transition EY 2009 REC/SREC trading only GATS EY 2010 (begins June 1, 2009) and EY 2009 True-Up Period (ends September 30, 2009) Account “blackout period” GATS EY 2009 (ends May 31, 2009) CPM Early Transition (Group C) EY 2010 + future REC/SREC trading
Default Transition • Default transition is not voluntary • Applies to all CPM account holders who did not elect early transition • Enables continued use of CPM platform for settlement of EY 09 RECs or SRECs created on or prior to June 5, 2009 through EY 09 true-up period (ending September 30, 2009) • Ensures no unretired RECs or SRECs at end of EY 09 true-up period are “stranded” at CPM
Default Transition - Details • All EY 2010 NJ BTM RECs will be issued by PJM-EIS through GATS. • Treatment of RECs in Escrow on Transfer Date (9/30) – GATS will not initially support the escrow functionality. – Account holders will be informed that they must clear RECs out of escrow prior to the transition or those escrowed RECs will revert to the seller’s GATS account. – Trades will need to be re-initiated and completed using GATS.
Frequently Asked Questions • Production Estimates – Existing systems’ production estimates will be transferred to GATS as-is – Creation of production estimates for new systems will be supported by GATS, using same method as used by CPM – Automated entry of estimated production will be supported by GATS • k. Wh Production Entry/Partial MWh carryover – GATS will enable generators to enter production in k. Wh, and will support carryover of partial MWh to the following month
Frequently Asked Questions • SREC 2 -Year Life Clarification – Effective on March 16, 2009, the RPS rules were amended to give SRECs a two year life. – On May 28, 2009, BPU staff released clarification of the RPS rules for SREC carry forward: “ONLY SRECs based on energy generated on or after June 1, 2009 are eligible for the 2 yr SREC life. SRECs issued based upon energy generated on or after June 1, 2009 would thus be eligible for RPS compliance in Reporting Years 2010 or 2011. SRECS issued based on energy generated between June 1, 2008 and May 31, 2009 are only eligible for RPS compliance in Reporting Year 2009. ” – The complete posting is linked here: http: //www. njcleanenergy. com/files/file/Renewable_Programs/S RECs/SREC%20 Rule. pdf.
Transition Webinars • Transition Webinars – These webinars will provide an update of the plans for transitioning NJ behind-the-meter REC and SREC accounts from the current platform operated by Clean Power Markets to the Generation Attributes Tracking System (GATS) platform operated by PJM-Environmental Information Systems. All sessions will cover the same topics, but later sessions may include updated information. – Fri, Jun 19, 2009 11: 00 AM - 12: 30 PM EDT – Fri, Jul 17, 2009 11: 00 AM - 12: 30 PM EDT – Fri, Aug 21, 2009 11: 00 AM - 12: 30 PM EDT • Register here: http: //www. njcleanenergy. com/gats
GATS Solar Training • GATS Solar Subscriber Training Calls – These calls are meant to be general calls pertaining to all solar subscribers. GATS will provide Web. Ex live demonstrations on the mechanics of using the GATS System as well as opening the call up to general questions and concerns from the small solar system owners or Aggregators. These calls are open to all of our Subscribers and aren’t focused directly on the NJ Transition. More info and training materials can be found at http: //www. pjm-eis. com/gats/training. html. – Thursday, June 11, 2009 1: 30 – 2: 30
GATS Detailed Training • Online GATS Training Modules – Always available at http: //www. pjm-eis. com/gats/training. html. – Part I: GATS Introduction – Part II: GATS New Account Set-Up – Part III: Managing and Using Your GATS Account • GATS Account Setup and Use – Detailed Training – June 17, in-person at PJM office in PA + webinar simulcast • Register at http: //www. pjm-eis. com/gats/training. html
Transition Info on Website • www. njcleanenergy. com -> Renewable Energy -> Programs -> Solar Renewable Energy Certificates (SREC) -> GATS Transition • http: //www. njcleanenergy. com/gats
Key Contacts • PJM-EIS GATS Administrator, 610 -666 -2245, [email protected] com • Clean Power Markets Nathalie Shapiro, (201) 612 -3221, [email protected] com • Market Manager Steve Wiese, (732) 218 -3409, steve. [email protected] com
Transition Options Summary • Early Transition – Voluntary – Clean cutover from CPM to GATS – Best for account holders • Whose buyers are already registered at GATS • Who are willing to learn a new system now • Default Transition – Mandatory – EY 09 settled in CPM, EY 10 settled at GATS – Best for account holders • Who wish to remain with CPM through EY 09 • Who depend on CPM’s escrow function for trading
Early Transition - Overview • Early transition is voluntary • Objectives – Enable account holders to transition CPM accounts to GATS prior to default transition date – Provide account holders with more time to learn GATS prior to end of EY 2009 true-up period – Enable transition team (BPU, GATS, CPM, Market Manager) to gain experience with transition administration with a smaller set of participants
Early Transition - Mechanics • “Clean cutover” to GATS – After the applicable Early Transition Blackout Period, all NJ BTM RECs will be issued by PJM-EIS and traded through GATS. – No further account activity will occur through CPM • RECs in escrow: – Account holders will be informed that they must clear RECs out of escrow prior to the start of the transition blackout period. – CPM will screen accounts to be transferred for RECs in escrow. If there are RECs in escrow, the account will not be transferred.