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On November 1, 2016 the ISO implemented two market products in the 15- and 5-minute markets: Flexible Ramp Up and Flexible Ramp Down uncertainty awards. These products provide additional upward and downward flexible ramping capability to account for uncertainty due to demand and renewable forecasting errors. In addition, the existing flexible ramping sufficiency test was extended to ensure feasible ramping capacity for real-time interchange schedules.
Implemented: November 1, 2016
FERC approval: ER17-40: October 31, 2016 ER16-2023: September 26, 2016; effective date November 4, 2016
Tariff amendment filings: ER17-40: October 6, 2016 ER16-2023: June 24, 2016
Board of Governors approval: February 3, 2016