ISO Logo
 
Notice
May 1, 2020

REQUESTED ACTION

Information Only

 

CATEGORIES

Markets

Change to Hydro Default Energy Bid Formulation

MESSAGE

The California ISO implemented an enhancement to the Hydro Default Energy Bid calculation, effective May 1, 2020.

 

The ISO enhanced the formulation of the weighting factor that applies to the long-term component of the Hydro Default Energy Bid to a dynamic weighting factor that considers index prices of approved additional pricing hubs in highest to lowest ranking order. The ISO also clarified fallback logic when power prices are missing and the liquidity criteria for considering additional pricing hubs.

 

The details of the enhanced logic are described in Emergency Proposed Revision Request (PRR) 1242, which is available at https://bpmcm.caiso.com/Pages/default.aspx. The PRR comment period closes May 19, 2020.

 

The PRR will be discussed during the May and June Business Practice Manual (BPM) meetings.


CONTACT INFORMATION

Jennie Sage at 916-351-2165 ( jsage@caiso.com) or ISO Customer Service at 916-608-7320


Engage with us!
isoball twitterball RSSball Facebookball YouTube
Daily Briefing
Sign up
for
Daily Briefing
ISO Today
Download
ISO Today
Flex Alerts
Sign up
for
Flex Alerts

California Independent System Operator | P.O. Box 639014 | Folsom, CA 95630 | United States