Administrative pricing rules (closed)

Outcome: This initiative was replaced with a new Pricing Enhancements initiative that includes the scope of the administrative pricing rules initiative plus additional pricing enhancements to improve ISO market efficiency.

This initiative will examine tariff provisions regarding market intervention in the event of significant system emergencies and the settlement implications of force majeure events. The ISO committed to this process in its FERC approved petition to waive tariff provisions for setting administrative prices and settling real-time market transactions related to the September 8, 2011 Pacific Southwest power outage.