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Enron Mail |
market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Market Participants, The following software update will become active on November 1, 2001 Customers who have completed the Virtual Bidding registration process and have met all requirements will be able to begin submitting virtual Transactions in the NYISO Day Ahead Market (DAM). A Virtual Transaction bid, if accepted, is the financial committment to buy(sell) energy at the DAM zonal LBMP price and sell(buy) it at the Real-Time Zonal LBMP price. No phyiscal delivery or consuming of energy will occur. This program has been developed at the request of Market Participants. It will provide an additional hedging mechanism for customers with physical loads and generation. It will also open the NY wholesale electric market to more participants. For additional information, please see Technical Bulletin #74 at: http://www.nyiso.com/services/documents/techbulletins/index.html For registration information please go to: http://www.nyiso.com/services/relations/cregistration/index.html NOTE: Activation of Virtual Bidding is pending FERC approval. If you have any questions, please call your Customer Relations representatve or the Help Desk at 518-356-6060. Regards, Customer Relations
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