Payment acceleration project

The California ISO (the ISO) recognizes that the current payment calendar takes too long between trade date and market clearing and presents undue credit risk to market participation. This increased risk may hinder resource availability from out-of-state resources, challenge credit management and expose market participants to additional risk in the event of defaults or bankruptcies.

 

The ISO plans to implement payment acceleration approximately 6 months after the Settlements and Market Clearing System (SaMC) go live. Payment acceleration would provide market clearing on an average of 30 days. Payment acceleration also opens the possibility of other significant settlement improvements, such as providing participants an increased dispute window, and implementing a sunset provision.

 

 

Release planning and implementation

Tariff development

Policy development