Standard capacity product phase I

The California ISO acknowledges the need for a standardized Resource Adequacy (RA) capacity product to ensure efficiency and reliability in RA contracting and trading. The purpose of this initiative is to define and formalize a Standard RA Capacity Product (SCP) which is intended to simplify and increase the efficiency of the RA program. The ISO Market Initiative Roadmap process and resulting Final Report on Ranking of High Priority Market Initiatives (7/7/08) revealed that the SCP ranked highest out of over 70 initiatives. The ISO is responding to stakeholders in developing the SCP. Development and implementation of the SCP will require ISO Tariff revisions as well as approval by the ISO Board of Governors and the Federal Energy Regulatory Commission.

Outcome

Board of Governors approval: March 26, 2009
FERC Order: June 26, 2009
Implemented: January 1, 2010

Implemented a standardized resource adequacy capacity product on conventional resource adequacy resources. The standard capacity product is an enhancement to the existing Resource Adequacy program.

Policy development

Tariff development

FERC orders and filings

Implementation