The California ISO has an ancillary services scarcity pricing mechanism in place that is triggered when the ISO is unable to procure the target quantity of one or more ancillary services in the integrated forward market or real-time market runs.
On Nov. 15, 2019, ancillary service scarcity occurred in the 15-minute market run for the following regions, services and quantities:
Percentage of Requirement
The ISO confirmed the scarcity event during its price correction process. The published ancillary services prices correctly reflect the approved administrative set of scarcity prices.