Background
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California Independent System Operator (ISO) is considering modifying a current market rule which limits the pool of bids considered in the Integrated Forward Market (IFM) to resources that are dispatched in the Local Market Power Mitigation (LMPM) procedures run prior to the IFM (ISO Tariff Section 31.2). The ISO is considering three options regarding this market rule: 1) maintain the rule but continue to monitor market impacts under different market conditions; 2) modify tariff/BPM to give ISO operators the option of relaxing the rule if it is significantly impacting IFM results; or 3) modify tariff to require consideration of all bids in IFM.
This issue and supporting analysis was presented at a Market Surveillance Committee meeting on June 17, 2009 and comments were received from stakeholders on June 24, 2009. On July 2, the ISO plans to issue a draft recommendation for one of three options and will follow-up with a stakeholder conference call to discuss its draft recommendation. Depending upon the option selected, the ISO may seek Board approval of a tariff modification..
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Potential Change in Rule Limiting Bids Considered in IFM
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Outcome
Pending closure of initiative
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Process
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Relevant Market Notices
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Integrated Forward Market Bid Pool Tariff Modifications
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IFM Bid Pool Draft Tariff Modifications 18-Sep-2009
pdf 11K | Abstract | 09/18/2009 12:32
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Dynegy Comments on IFM Bid Pool Tariff Modifications 21-Sep-2009
pdf 99K | Abstract | 09/22/2009 10:04
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Stakeholder Conference Call 01-Sept-2009
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Agenda - Decision on Modifying Rules Limiting Supply Bid Pool in the Integrated Forward Market
pdf 73K | Abstract | 08/28/2009 15:27
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Presentation - Decision on Modifying Rules Limiting Supply Bid Pool in the Integrated Forward Market
pdf 326K | Abstract | 08/28/2009 15:29
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Stakeholder Comments on Straw Proposal
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Calpine Comments on Straw Proposal
pdf 109K | Abstract | 08/17/2009 11:18
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CDWR-SWP Comments on Straw Proposal
pdf 10K | Abstract | 08/18/2009 16:16
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Dynegy Comments on Straw Proposal
pdf 9K | Abstract | 08/17/2009 15:58
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J.P. Morgan Comments on Straw Proposal
pdf 239K | Abstract | 08/19/2009 08:20
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PG&E Comments on Straw Proposal
pdf 101K | Abstract | 08/19/2009 08:18
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Powerex Comments on Straw Proposal
pdf 17K | Abstract | 08/18/2009 16:14
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SCE Comments on Straw Proposal
pdf 215K | Abstract | 08/19/2009 08:18
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SDG&E Comments on Straw Proposal
pdf 75K | Abstract | 08/18/2009 15:44
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Six Cities Comments on Straw Proposal
pdf 43K | Abstract | 08/19/2009 09:39
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WPTF Comments on Straw Proposal
pdf 64K | Abstract | 08/18/2009 16:18
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Stakeholder Conference Call - 14-Aug-2009
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Agenda - Stakeholder Conference Call
pdf 75K | Abstract | 08/12/2009 16:03
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Presentation - Stakeholder Conference Call 14-Aug-2009
pdf 704K | Abstract | 08/12/2009 16:36
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SCE Proposal Presentation - Stakeholder Conference Call 14-Aug-2009
pdf 742K | Abstract | 08/13/2009 15:16
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Straw Proposal for Modifying Rules Limiting Supply Bid Pool in the Integrated Forward Market
pdf 389K | Abstract | 08/07/2009 16:23
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Initial Recommendation on Potential Changes in Market Design Rule
pdf 211K | Abstract | 07/02/2009 13:05
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White Paper - Potential Changes in Market Design Rule Limiting Pool of Resources Considered in Integrated Forward Market
pdf 145K | Abstract | 06/12/2009 16:12
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Stakeholder Comments on Whitepaper
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BAMx Comments on Potential Change to Local Market Mitigation Rule
pdf 39K | Abstract | 06/25/2009 13:38
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CDWR Comments on Potential Change to Local Market Mitigation Rule
pdf 11K | Abstract | 06/25/2009 13:40
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CPUC Comments on Potential Change to Local Market Mitigation Rule
pdf 59K | Abstract | 06/29/2009 16:58
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Dynegy Comments on Potential Change to Local Market Mitigation Rule
pdf 42K | Abstract | 06/25/2009 13:37
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Morgan Stanley Comments on Potential Change to Local Market Mitigation Rule
pdf 38K | Abstract | 06/25/2009 13:40
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PG&E Comments on Potential Change to Local Market Mitigation Rule
pdf 14K | Abstract | 06/26/2009 15:42
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SCE Comments on Potential Change to Local Market Mitigation Rule
pdf 87K | Abstract | 06/25/2009 13:36
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SDGE Comments on Potential Change to Local Market Mitigation Rule
pdf 35K | Abstract | 06/25/2009 13:39
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WPTF Comments on Potential Change to Local Market Mitigation Rule
pdf 32K | Abstract | 06/25/2009 14:56
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