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(Draft Version) Opinion on Aspects of the California ISO’s Market Redesign and Technology Upgrade (MRTU) Conceptual Filing

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Summary:

(Draft Version) Opinion on Aspects of the California ISO’s Market Redesign and Technology Upgrade (MRTU) Conceptual Filing, MSC teleconference meeting, September 30, 2005

Extract:

Draft version of the “Opinion on Aspects of the California ISO’s Market Redesign and Technology Upgrade (MRTU) Conceptual Filing” by the Market Surveillance Committee of the California ISO, drafted on September 28, 2005 The specific issues addressed in this opinion are: (1) the use of bid adders for frequently mitigated units, (2) competitive path assessment to implement the ISO’s local market power mitigation (LMPM) mechanism, (3) the formulation of the Hour-Ahead Scheduling Process (HASP), (4) the formation of trading hubs, (5) the rules for allocating Congestion Revenue Rights (CRRs), (6) rules for allocating CRRs to loads located outside of the ISO control area, and (7) rules for allocating CRRs to merchant transmission owners. Because the ISO has not formulated concrete proposals on a number of these issues, at this point we only provide general comments on the issues and a discussion of the proposals receiving the most attention in the stakeholder process.

Document Locations:

• MSC Meeting 30-Sept-2005