Congestion revenue rights clawback rule modification

The Congestion Revenue Rights (CRR) rule treats a day-ahead intertie award that is reduced in real-time as a “virtual award.” If the real-time reduction to a day-ahead intertie award exceeds 10% of the transmission capacity, then 100% of revenues on the CRRs are clawed back, discouraging rebidding into the 15-minute market. This initiative will explore which transactions should be considered “virtual awards” subject to clawback.

The ISO implemented in May 2017 software and business modifications to alter the conditions by which a schedule change between day-ahead and real-time will not be considered a "virtual award", thereby, not subjecting the change to the CRR Clawback rule procedures.