Market
Notice
February 4, 2016
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Market Rules and Market Design
Contingency Modeling Enhancements: CRR Alternatives Discussion Paper Updated, Comments Due 2/19/16
Summary
On February 3, 2016 the California ISO updated the previously posted Contingency Modeling Enhancements Congestion Revenue Rights Alternative Discussion Paper. The paper will be reviewed during the Market Surveillance Committee meeting on February 11. Please submit written comments by February 19.
Main Text
The ISO updated the Contingency Modeling Enhancements Congestion Revenue Rights (CRR) Alternative Discussion Paper previously posted January 28, 2016. The paper is available on the ISO website at http://www.caiso.com/Documents/CRRAlternativesDiscussionPaper-ContingencyModelingEnhancements.pdf.
The updates include clarification to pro-ratio formulas in sections 5.2.2 and 5.2.3. The purpose of this discussion paper is to explore various alternatives to align the CRR market with the proposed changes to the day-ahead market. The paper also includes an updated initiative schedule.
In the ISO's third revised straw proposal of the Contingency Modeling Enhancements initiative, the ISO proposed one method to enhance the CRR market settlement to align with the proposed day-ahead market design changes. The ISO received valuable feedback from market participants through its stakeholder meeting, the market surveillance committee meeting, and written comments in response to the third revised straw proposal. The discussion paper addresses these suggestions.
The ISO will review the updated paper during the February 11 Market Surveillance Committee meeting, which was announced by a previous market notice http://www.caiso.com/Documents/NoticeMarketSurveillanceCommitteeMeeting21116DraftAgendaPosted.htm.
Please submit comments on the CRR alternative discussion paper to Initiativecomments@caiso.com by close of business February 19.
More information on the initiative is available at http://www.caiso.com/informed/Pages/StakeholderProcesses/ContingencyModelingEnhancements.aspx.
For More Information Contact
Perry Servedio at 916-608-5938 or pservedio@caiso.com
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