The California ISO Department of Market Monitoring has scheduled a stakeholder web conference on Dec. 10, 2019, to discuss the analysis and findings of its third quarter 2019 Market Issues and Performance Report, which is available on the ISO website at http://www.caiso.com/Documents/2019ThirdQuarterReportonMarketIssuesandPerformance.pdf.
The third quarter 2019 Market Issues and Performance Report includes coverage of market performance in both the day-ahead and energy imbalance market. Market prices were lower and highly competitive in the third quarter due to a combination of favorable market and system conditions, including low and stable gas prices, low loads, high hydroelectric supplies and limited generation and transmission outages. The total estimated wholesale cost of serving load in the third quarter of 2019 was about $2.5 billion or about $39/MWh. The third quarter cost is a 44 percent ($33.12/MWh) decrease compared to the third quarter of 2018. During the third quarter of 2019, congestion revenue rights auction revenues were $4.1 million less
than payments made to non-load-serving entities purchasing these rights, compared to a difference of $27.4 million in the third quarter of 2018. This reduction is due in part to changes in the auction design implemented for the 2019 auction, as well as a significant decrease in congestion and change in congestion patterns compared to Q3 2018. The report also includes special issue coverage of flexible ramping product, batteries, resource adequacy demand response, exceptional dispatch and system market power.
Information related to market monitoring is available at http://www.caiso.com/market/Pages/MarketMonitoring/Default.aspx.
Meeting Details
Date: December 10, 2019
Time: 1 p.m. - 2 p.m. Pacific Time
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Participation information
Step 1: call 1-877-369-5230, access code: 0637490##
Step 2: https://ems8.intellor.com/login/818609
Technical support: call the AT&T Help Desk at 1-888-796-6118
