Pool of bids in the integrated forward market

The California ISO is considering modifying a current market rule which limits the pool of bids considered in the Integrated Forward Market (IFM) to resources that are dispatched in the Local Market Power Mitigation procedures run prior to the IFM (ISO Tariff Section 31.2). The ISO is considering three options on this market rule: 1) maintain the rule but continue to monitor market impacts under different market conditions; 2) modify tariff/BPM to give ISO operators the option of relaxing the rule if it is significantly impacting IFM results; or 3) modify tariff to require consideration of all bids in IFM.