NAES NERC Services

PMCS

Power plant owners and stakeholders often overlook the need to get their FERC, EIA and ISO market compliance programs established early – during construction and precommissioning – to avoid possible delays and penalties that can affect their startup and commissioning schedule. NAES can help get it done on time and done right the first time. We offer comprehensive FERC compliance management and oversight on an annual basis that includes U.S. Energy Information Administration (EIA) reporting as well as ISO market compliance.

Services Offered

Electric Quarterly Reporting (EQR)

We provide EQRs that summarize contractual terms and conditions in agreements for jurisdictional services, including cost-based sales, market-based rate sales and transaction information for short- and long-term market-based and cost-based power sales.

Qualifying Facilities (QF) Monitoring

NAES can assist with monitoring and complying with FERC’s QF requirements: collect technical criteria data for qualifying small power production facilities; collect criteria for qualifying cogeneration facilities; and conduct a procedural review for obtaining QF status.

ISO Market Compliance

The NAES NERC team monitors RTO queue processes, reviews interconnection compliance requirements during construction, conducts pre-commercial testing and post-commercial tracking. We also review strategies for bidding into the energy market, manage fuel cost policies, monitor ISO notifications of current market conditions, and coordinate compliance between the ISO plant and energy manager.

Other services include:

  • International Swaps and Derivatives Association Agreement Coordination
  • EIA Reporting
  • Compliance Policies and Procedures
  • Energy Management Agreement (EMA) Coordination

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PMCS

Anti-Manipulation Training

Manipulation of power markets and related fraudulent practices have become an enforcement priority for FERC, which can impose penalties of up to $1M per day. Protect your client, yourself and your employees by enrolling in user-friendly, web-based training that explains these violations and how to avoid them.

Industry-Standard Training

The NAES Power Compliance Services (PMCS) team now offers a standardized online training program that familiarizes employees with the Federal Energy Regulatory Commission’s (FERC’s) Anti-Manipulation Rules

Anti-Manipulation Rules

Pursuant to its expanded authority under the Energy Policy Act of 2005, FERC established broad prohibitions on manipulation of markets subject to its jurisdiction. These Anti- Manipulation Rules apply to wholesale sales and purchases of electricity and natural gas as well as electric transmission and gas transportation services. The Commodity Futures Trading Commission (CFTC) may also initiate investigations of, and enforcement proceedings against, natural gas and electric power marketers

protection from Major Liability

Both FERC and the CFTC have responsibility for enforcing the Anti-Manipulation Rules and the authority to assess stiff penalties for violations. By providing this training to your staff, you help protect them, yourself and your client from liability

Insurance Against Ambushes

Sometimes, violations are discovered by RTO Market Monitors, NERC, or Regional auditors in the course of their routine audits – which they are required to report to FERC for investigation

self-paced and user-friendly

NAES Anti-Manipulation Training is self-paced and user-friendly. Once you sign up for annual training, your use of our online courses is unlimited.

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