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  • Price inconsistency market enhancements
    The ISO is seeking long-term solutions to address price inconsistencies occasionally produced in the ISO market when market solutions result in prices that do not cover the awarded bid prices. These inconsistencies can expose market participants to uneconomical awards and uncertain risks. Through this initiative we seek to: 1) develop enhancements that would reduce or eliminate root causes of price inconsistencies or 2) implement settlement mechanisms to make resources whole to their bid prices.
    • Price inconsistency market enhancements - relevant market notices
    • Outcome
      In May 2013, the ISO implemented an enhancement to its hour-ahead and real-time markets to minimize price inconsistencies. This change increases market efficiency by ensuring prices are consistent with bid awards. — Implemented: May 1, 2013; FERC approval: April 3, 2013 (ER13-957); Board of Governors approval: Nov. 1, 2012
    • Price inconsistency market enhancements - meetings
    • Price inconsistency market enhancements - papers and proposals
    • Price inconsistency market enhancements - tariff