Market Notice
March
12, 2010
|
Requested Client
Action Mark Your Calendar Request for Comment |
Categories
Market
Operations
Market
Rules and Market Design
Settlements
and Market Clearing
New
Markets Recalculation Window Stakeholder Conference Call
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Summary
The
California ISO posted an issue paper and initial straw proposal on a new
stakeholder initiative, New Markets Recalculation Window, and will conduct a
stakeholder web conference and call on Thursday, March 18, 2010 to discuss the
paper.
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Main
Text
Currently,
a gap exists between the April 1, 2009 start-up of the new market and the
November 1, 2009 implementation of payment acceleration where no defined
settlement statement publishing timeline exists in the applicable ISO tariff
provisions beyond the T+76 Recalculation Settlement Statement. To resolve
the situation, the ISO is spearheading an initiative to “bridge”
the gap between trading days April 1, 2009 and November 1, 2009 with a defined
settlement publication routine, ample validation and dispute opportunities, and
a sunset provision that are consistent with the principles of payment
acceleration already in place.
This proposal
will allow predicable resolution of the early new market issues and reduce the
need for significant data storage and work effort needed to coordinate analyses
and rerun settlements both internally and externally.
The
ISO posted an issue paper and initial straws proposal for this initiative at http://www.caiso.com/2755/2755eb2670a00.html.
The ISO will conduct a stakeholder web conference and call on Thursday, March
18, 2010 to discuss the paper. Please submit written comments on the
paper to recalc@caiso.com by close of
business March 23, 2010.
An
agenda and presentation for the meeting will be posted to the ISO website at
the address shown above by close of business March 16, 2010.
Meeting
Details
Date:
Thursday, March 18, 2010
Time:
1:00 p.m. to 3:00 p.m. (Pacific Time)
Teleconference
Information
Dial-in
Number: (800) 762-4758
International
Dial-in: (480) 629-9035
Conference
ID: Not Required
Web
Conference Information
Web
Address: www.webmeeting.att.com
Meeting
Number: 5114682337
Access
Code: 9842446
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For
More Information Contact
Elizabeth
Caldwell at ecaldwell@caiso.com or Brad Bouillon at bbouillon@caiso.com
The California ISO
strives to be a world-class electric transmission organization built around a
globally recognized and inspired team providing cost-effective and reliable
service, well-balanced energy market mechanisms, and high-quality information
for the benefit of our customers.
151 Blue Ravine Road,
Folsom, CA 95630
EA/ComPR/IPS/kp
