Congestion revenue rights

Congestion revenue rights (CRR) are financial instruments, made available through the CRR allocation, CRR auction and Secondary Registration System, that enable CRR holders to manage variability in congestion costs based on locational marginal pricing. CRRs are acquired primarily, although not solely, for the purpose of offsetting integrated forward market congestion costs that occur in the day-ahead market.

Process and requirements

ISO Tariff
Business Practice Manual for Congestion Revenue Rights
Business Practice Manual for Candidate CRR Holder Registration

Congestion revenue rights registration process and registered entities
- CRR Registration Overview2/02/2021 16:25
- CRR Application5/21/2021 15:29
  An excerpt of the Candidate CRR Holder Registration BPM with just the application. Full BPM can be found at https://bpmcm.caiso.com/Pages/BPMLibrary.aspx
- CRR Holder Agent Letter Template8/01/2018 14:28
- ISO Affiliate Disclosure Form1/06/2022 15:07
- Electronic Funds Transfer or Bank Account Change Form7/01/2020 16:25
- List of Scheduling Coordinators, CRR Holders, and Convergence Bidding Entities

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Non disclosure agreement

Certain confidential information pertinent to its Congestion Revenue Rights Full Network Model data are available upon compliance with the applicable Submission Instructions and submittal of a non-disclosure agreement. Requesting entities must be members of the Western Electricity Coordinating Council (WECC) or have an approved WECC Base Case Data Request Package prior to requesting access to this data.

Congestion Revenue Rights Full Network Model Non-Disclosure Agreement11/12/2020 14:10
Congestion Revenue Rights Full Network Model Non-Disclosure Agreement Submission Instructions9/10/2021 13:18

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Congestion revenue rights conference calls
Biweekly call for candidate congestion revenue rights holders to ask general questions about the CRR process.

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Current processes

The CRR processes are separated into two distinct markets; the allocation and auction. Each of these markets award CRRs valid for annual and monthly periods. The allocation markets are open to registered CRR load serving entities while the auction is open to all registered CRR entities that post sufficient collateral.

2022 Monthly and 2023 Annual Allocation and Auction Calendar11/01/2021 11:33
2021 Monthly and 2022 Annual Allocation and Auction Calendar (Revised)7/16/2021 08:58
Source and sink APNodes
2021 monthly processes
2022 monthly processes
2022 annual processes
Congestion revenue rights time of use definition
Credit margin and three year historical expected value data
Auction sell offer data

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Uploads to market user interface
- Allocation nomination portfolio
- Auction bid portfolio
- Historical/Forecasted load
Downloads from market user interface
- Market data
- Existing CRRs
- Private allocation results
- Private auction results
- Market results