Market
Notice
August 10, 2012
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Categories
Legal/ Regulatory
Market Rules and Market Design
Flexible Ramping Product Revised Draft Final Proposal Posted - Includes PIR Decremental Bidding
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Summary
The California ISO has posted a revised draft final proposal on the Flexible Ramping Product initiative and has scheduled a stakeholder meeting on August 16, 2012. Please RSVP by August 14 and submit comments on the paper by August 23. The ISO has integrated the Decremental Bidding for Participating Intermittent Resources stakeholder initiative, previously planned to commence in Q4 2012, into the Flexible Ramping Product initiative.
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Main Text
The ISO has posted a revised draft final proposal on the Flexible Ramping Product initiative to its website at http://www.caiso.com/Documents/RevisedDraftFinalProposal-FlexibleRampingProduct.pdf and has scheduled a meeting on August 16, 2012 to discuss the proposal. The revised draft final proposal describes how the product will allow the ISO to procure operational needs via economic bids from suppliers and reflects stakeholder comments from the technical workshop and draft final proposal.
In addition, the draft final proposal includes a proposal for decremental bidding for participating intermittent resources (PIRs) as the ISO has stated throughout the Flexible Ramping Product initiative that variable energy resources can be suppliers of the flexible ramping product in the downward direction. The ISO believes it is appropriate to address this decremental bidding within the Flexible Ramping Product initiative because resources providing flexible ramping down must have an energy bid. The decremental bidding initiative was previously expected to start in Q4 2012 as a separate stakeholder process.
The ISO will post a presentation and agenda by close of business August 14 on its website at http://www.caiso.com/informed/Pages/StakeholderProcesses/FlexibleRampingProduct.aspx.
Please RSVP to SMC@caiso.com by August 14 if you plan to attend the meeting in person.
Stakeholder should submit comments to FRP@caiso.com by close of business August 23.
Meeting Details
Date: Thursday, August 16, 2012
Time: 10:00 a.m. to 4:00 p.m. (Pacific Time)
Location: California ISO, 250 Outcropping Way, Folsom, Calif.
Teleconference Information
Dial-in Number: 800-288-8968
International Dial-in: 612-332-0107
Access code not required
Web Conference Information
Web Address: http://www.webmeeting.att.com
Meeting Number: 5114682337
Access Code: 9842446
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For More Information Contact
Lin Xu at 916-608-7054 or lxu@caiso.com
Don Tretheway at 916-608-5995 or dtretheway@caiso.com
The California ISO strives to be a world-class electric transmission organization built around a globally recognized and inspired team providing cost-effective and reliable service, well-balanced energy market mechanisms, and high-quality information for the benefit of our customers.
250 Outcropping Way, Folsom, CA 95630
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