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Subject: [OASIS Issue Tracker] Commented: (EMIX-482) Product description



    [ http://tools.oasis-open.org/issues/browse/EMIX-482?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=27008#action_27008 ] 

Joshua Phillips commented on EMIX-482:
--------------------------------------


An interoperability standard for price and product must have a clearly understood concept of product.  Increased understanding is possible with an information model in UML that details the attributes of a product and its relationships with other key entities (time, location, market etc).  Please see the CIM as a key source of the product concept in wholesale markets. 

The IRC and CIM classify products independent of the other key entities mentioned above.  Thus to only be able to describe a product by utilizing time, location, and market is in conflict with the IRC Model.  It is not apparent how a product could be defined in EMIX without including a time and location.  CIM identifies a market product as:
 
A product traded by an RTO (e.g., energy, 10 minute spinning reserve).
Ancillary service product examples include:
Regulation Up
Regulation Dn
Spinning Reserve
Non-Spinning Reserve
Operating Reserve

The offers are for the resource.  If qualified, the resource may offer multiple products and bid curves in the offer.  Energy and A/S are cooptimized so that the least cost combination of energy and A/S is awarded to each resource.

Interoperability is not supported if the concepts are open to interpretation or synonymous.  The elements cannot be assembled successfully if their definition is not clear.


> Product description
> -------------------
>
>                 Key: EMIX-482
>                 URL: http://tools.oasis-open.org/issues/browse/EMIX-482
>             Project: OASIS Energy Market Information Exchange (eMIX) TC
>          Issue Type: Improvement
>         Environment: IRC
>            Reporter: Toby Considine
>            Assignee: William Cox
>
> Where is product descritpion in this model?

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