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Final Opinion on Interim Measures to Address Day-Ahead Underscheduling under MRTU

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Summary:

Presented at the July 2, 2007 MSC meeting: Final Opinion on Interim Measures to Address Underscheduling under MRTU. We have been asked to comment on proposals by the California Independent System Operator (CAISO) for mitigating strategic underscheduling by load-serving entities (LSEs) in the day-ahead market (DAM) that will be established once the Market Redesign and Technology Update (MRTU) process is complete. These proposals are described in the in June 15, 2007 document entitled, “A Straw Proposal: Proposed Interim Measures to Address Day-Ahead Underscheduling under MRTU.”1 These measures are meant to be interim procedures that would cease upon activation of explicit virtual (or convergence) bidding within the MRTU framework.

Document Locations:

• Market Surveillance Committee (MSC) Opinions and Reports - Archive
• MSC Meeting 02-Jul-2007