Commitment Cost and Default Energy Bid Enhancements Phase 1: Deployment Effective for Trade Date 2/16/21
Gas prices on the Southern parts of the California system have been exceptionally high in recent days due to the impact of cold winter conditions in other parts of the country. The Commitment Cost and Default Energy Bid Enhancements (CCDEBE) Phase 1 functionality provides suppliers an ability to update their fuel costs used in the calculation of commitment costs (start-up and minimum load costs) and default energy bids. Therefore, the ISO has expedited and completed the testing for its applications and systems to support CCDEBE Phase 1 functionality.
As such, the ISO is deploying the functionality of its CCDEBE Phase 1 initiative, effective for trade day Feb. 16, 2021. Specifically, the functionality will be available on the morning of Feb. 15 for the day-ahead market (DAM) so that it is effective for the real time trade day Feb. 16 at hour-ending 01:00 a.m.
A display in the ISO Market Results Interface (CMRI) application’s Default Commitment Cost report will now display default commitment bid values instead of proxy commitment cost values. More information on the values presented in this report is available in Section 10.1 of the BPM for Market Instruments.
Contact your client representative for questions during business hours and for support outside of business hours please contact the service desk at (916) 351-2309. Please note Monday, Feb. 15 is a holiday for the ISO.