12 Flexible Ramping Product

On January1, 2016 the ISO implemented two market products in the 15-minute and 5-minute markets: Flexible Ramp Up and Flexible Ramp Down uncertainty awards. These products provide additional upward and downward flexible ramping capability to account for uncertainty due to demand and renewable forecasting errors. In addition, the existing flexible ramping sufficiency test was extended to ensure feasible ramping capacity for real-time interchange schedules.

Flexible Ramping Product Payment

Figure 113 shows the flexible ramping up and down uncertainty payments.

Flexible ramping up uncertainty payment increased to $5,909 in January from $3,613 in the previous month. Flexible ramping down uncertainty payment rose to $132,430 in January from $37,789 in the previous month.

Figure 113: Flexible Ramping Up/Down Uncertainty Payment

Figure 114 shows the flexible ramping forecast payment.

Flexible ramping forecast payment dropped to -$477,829 in January from -$128,427 in the previous month.

Figure 114: Flexible Ramping Forecast Payment