ABSTRACT
Historically, the scheduling of energy transfers has been accomplished on a coordinated basis between control areas. Usually an energy transaction would involve more than one operating entity: it originates from an entity, may pass through an intermediate entity and ends in a different entity. The electronic documentation of such transaction is the tagging process. The tagging documentation would form the coordination of and approval from all the entities involved in a transaction. The information contained in the tag would generally be considered confidential, particularly in the hourly market. Transaction tagging would require specific information to uniquely identify and represent the characteristics of interchange transactions, and requires technical specifications to electronically communicate the transaction tag information between different entities. The transaction Tag ID is accompanied by unique tag keys to electronically exchange tag information. There are two types of “out of band” communication methods for describing the transaction information: verbal communication via telephone and written communication via fax.
