Renewable integration market and product review phase 2

The ISO and stakeholders are examining a range of measures that would adapt the wholesale energy markets to meet the operational requirements of renewable resources. A number of significant market and operational changes may be required depending on the megawatt quantity of renewable production as well as the particular mix of renewable resources and their locations. Given anticipated market and operational impacts, the ISO will consider as part of this initiative: near-term changes to existing market design that may provide the ISO with additional operational flexibility, and longer term market design changes in the form of new spot market and forward capacity products that will provide the needed operational characteristics from the conventional fleet for the ISO to reliably and cost-effectively integrate variable energy resources. — This initiative provides a long-term roadmap for market enhancements that will be updated through 2020 under various other initiatives.