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Bid Cap for Start-up and Minimum Loads

pdf 180K

Summary:

Presentatin at the February 13, 2007 MSC Committee Meeting. MRTUBid Cap for Start-up and Minimum Load Costs

Extract:

CAISO’s MRTU filing allows unit owners to choose from two options for startup and minimum load costs: Cost-based: Calculated based on spot market fuel costs and fixed unit operating parameters (start-up fuel, heat rate at minimum load, etc.) Bid-based: Resource owner submits bids to be used for six month period MRTU team initially felt that a 6-month election period would be sufficient to limit uncompetitive high bids under bid-based option CAISO now considering whether bid caps needed under bid-based option to mitigate local market power in chronic load pockets CAISO has identified 3 bid cap options for initial discussion

Document Locations:

• MSC Meeting 13-Feb-2007