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Local market power mitigation enhancements
In a Sept. 21, 2006 order, the Federal Energy Regulatory Commission required that by April 1, 2012 the ISO begin using bid-in demand rather than forecast demand in the market power mitigation calculations used to mitigate bids in the integrated forward market. This initiative will address this requirement as well as explore the potential impacts that incorporating convergence bids and demand response in the market would have on how bids are mitigated. The impacts of these two market features were discussed but not assessed during the convergence bidding design initiative.
- Outcome
  On May 01, 2013, the ISO implemented system enhancements that improved accuracy and efficiency of its real-time local market power mitigation by adding 15-minute real-time market power mitigation and dynamic competitive path assessment. — PHASE 2 Implemented: May 01, 2013; FERC approval: Apr 29, 2013; Tariff amendment filing: Feb 21, 2013 (ER13-967); PHASE 1 Implemented: Apr 11, 2012; FERC approval: Mar 01, 2012; Tariff amendment filing: Nov 16, 2011 (ER12-423); Board of Governors approval: Jul 14, 2011
- Local market power mitigation enhancements - papers and proposals
- Local market power mitigation enhancements - tariff - phase 2
- Local market power mitigation enhancements - tariff - phase 1
- Stakeholder web conference Jan 15, 2013
- Stakeholder teleconference Sep 13, 2011
- Stakeholder teleconference Jul 6, 2011
- Stakeholder meeting May 13, 2011
- Stakeholder teleconference Mar 25, 2011
- Market Surveillance Committee meeting Oct, 8 2010