Standard capacity product phase I

The California ISO acknowledges the need for a standardized Resource Adequacy (RA) capacity product to ensure efficiency and reliability in RA contracting and trading. The purpose of this initiative is to define and formalize a Standard RA Capacity Product (SCP) which is intended to simplify and increase the efficiency of the RA program. The ISO Market Initiative Roadmap process and resulting Final Report on Ranking of High Priority Market Initiatives (7/7/08) revealed that the SCP ranked highest out of over 70 initiatives. The ISO is responding to stakeholders in developing the SCP. Development and implementation of the SCP will require ISO Tariff revisions as well as approval by the ISO Board of Governors and the Federal Energy Regulatory Commission.