Market Surveillance Committee

The Market Surveillance Committee is an independent body of highly skilled industry experts that provides comments, critiques and recommendations about the ISO market monitoring process (as described in the tariff) and a variety of market issues to the ISO Chief Executive Officer and Board of Governors. In addition, the Committee is required under the ISO tariff to review and comment on Department of Market Monitoring analyses and reports.

Committee description

The Market Surveillance Committee is an independent advisory group of industry experts. To ensure independence, none of its members are affiliated with or have any financial interest in any market participant. Their charter allows them to suggest changes in rules and protocols or recommend sanctions or penalties directly to the ISO Governing Board.

They possess wide and varied expertise in areas vital to the understanding of competitive markets. Individually, they are experienced in economics with emphasis on antitrust, competition and market power. They are familiar with generation and transmission operations, legal issues in regulated operations, and gaming behavior in energy and other commodity markets.

Public notice is provided in advance of Market Surveillance Committee meetings. Because of the confidential nature of the information they discuss, the meetings may occasionally be closed to the public. The Committee will periodically produce written reports containing their recommendations and submit them to the ISO CEO and Governing Board. Such reports will be made available to the public subject to restrictions on confidential information.

The functions of the Market Surveillance Committee include:

  • Provide independent review of market performance and market power problems
  • Develop a record of structural problems and propose corrective action
  • Review rule changes, penalties, and sanctions

Members

James Bushnell - email: jbbushnell@ucdavis.edu
Scott Harvey - email: scott.harvey@fticonsulting.com
Benjamin Hobbs, Chair - email: bhobbs@jhu.edu

Contacting the committee

If you need to contact the Market Surveillance Committee, please use any of the following methods:
Phone: (916) 351-4400
Fax: (916) 608-7296
E-mail: msc@caiso.com

Upcoming meetings

No upcoming events.

Opinions and reports

Title Updated
Decision on Day-Ahead Market Enhancements - Board Motion - May 2023
05/19/2023, 11:39 AM
Decision on Day-Ahead Market Enhancements - Joint Motion - May 2023
05/19/2023, 11:39 AM
Decision on Day-Ahead Market Enhancements - Updated Memo - May 2023
05/16/2023, 12:56 PM
Decision on Day-Ahead Market Enhancements - Updated Presentation - May 2023
05/15/2023, 2:54 PM
Decision on Day-Ahead Market Enhancements - Addendum to Memo - May 2023
05/15/2023, 2:54 PM
Market Surveillance Committee Addendum to Final Opinion on Day-Ahead Market Enhancements
05/12/2023, 4:41 PM
Market Surveillance Committee Final Opinion on Day-Ahead Market Enhancements - Attachment 2 to Memo - May 3, 2023
05/12/2023, 4:41 PM
Policy Initiative Milestones - May 2023
05/11/2023, 10:19 AM
Market Surveillance Committee Update - May 2023
05/10/2023, 1:15 PM
Department of Market Monitoring Report - May 2023
05/10/2023, 1:15 PM
Briefing on 2023-2025 Policy Initiatives Roadmap - Memo - May 2023
05/10/2023, 1:15 PM
Briefing on 2023-2025 Policy Initiatives Roadmap - Presentation - May 2023
05/10/2023, 1:15 PM
Decision on WEIM Governance Review Committee Phase 3 Final Proposal - Joint Motion - Feb 2023
02/06/2023, 8:28 AM
Decision on Extended Day-Ahead Market - Joint Motion - Feb 2023
02/06/2023, 8:28 AM
MSC Final Opinion on Extended Day-Ahead Market
01/27/2023, 3:56 PM
Briefing on Day-Ahead Market Enhancements Initiative - Presentation - Feb 2023
01/26/2023, 5:04 PM
Decision on WEIM Governance Review Committee Extended Day-Ahead Market Governance - Memo - Feb 2023
01/25/2023, 5:27 PM
Department of Market Monitoring Report - Feb 2023
01/25/2023, 5:27 PM
Decision on WEIM Governance Review Committee Extended Day-Ahead Market Governance - Presentation - Feb 2023
01/25/2023, 5:27 PM
MSC Final Opinion on Energy Storage Enhancements
12/11/2022, 5:42 PM
MSC Final Opinion on Resource Sufficiency Evaluation Enhancements Phase 2
12/11/2022, 5:42 PM
MSC Draft Opinion on WEIM Resource Sufficiency Evaluation Enhancements - Phase 2
10/24/2022, 10:29 AM
MSC Final Opinion on EIM Resource Sufficiency Evaluation Enhancements - Phase 1
02/03/2022, 8:04 AM
MSC Draft Opinion on EIM Resource Sufficiency Evaluation Enhancements - Phase 1
01/31/2022, 8:25 AM
Final MSC Corrected Opinion - Market Enhancements - 2021 Summer Readiness - Export Load - Wheeling Priorities - Apr 21, 2021
05/24/2021, 1:48 PM
Final MSC Opinion on Resource Adequacy Enhancements Phase 1 MSOC - Mar 23, 2021
03/24/2021, 9:06 AM
MSC Opinion on Market Enhancements for 2021 Summer Readiness - Mar 8, 2021
03/09/2021, 8:18 AM
MSC Final Opinion on Flexible Ramping Product Enhancements - Sep 8 , 2020
09/10/2020, 8:49 AM
MSC Final Opinion on FERC 831 Import Bidding and Market Parameters - Sep 9, 2020
09/10/2020, 8:49 AM
MSC Final Opinion on Energy Storage and Distributed Resources Phase 4 - Sep 8, 2020
09/10/2020, 8:49 AM
MSC Final Opinion on System Market Power Mitigation - Nov 5, 2019
11/05/2019, 3:24 PM
MSC Final Opinion on Reliability Must Run and Capacity Procurement Mechanism Enhancements - Mar 20, 2019
05/07/2019, 10:58 AM
MSC Final Opinion on Local Market Power Mitigation Enhancements - Mar 5, 2019
03/05/2019, 2:58 PM
MSC Final Opinion on Intertie Deviation Settlement - Jan 18, 2019
01/16/2019, 11:37 AM
MSC Opinion on Congestion Revenue Rights Auction Efficiency Track 1B - Jun 13, 2018
06/13/2018, 2:20 PM
MSC Final Opinion on Congestion Revenue Rights Auction Efficiency - Mar 15, 2018
03/16/2018, 9:07 AM
MSC Final Opinion on Commitment Cost and Default Energy Bid Enhancements - Mar 5, 2018
03/07/2018, 1:04 PM
MSC Final Opinion on Contingency Modeling Enhancements - Dec 1, 2017
12/06/2017, 12:21 PM
MSC Final Opinion on Generator Contingencies on Remedial Action Schemes - Aug 28, 2017
09/12/2017, 8:55 AM
Final MSC Opinion on Flexible Ramping Product - Jan 26, 2016
06/20/2016, 3:14 PM
MSC Final Opinion on Commitment Cost Bidding Improvements - Mar 10, 2016
03/14/2016, 3:56 PM
Final MSC Opinion on Load Granularity Refinements May 2015
05/18/2015, 12:08 PM
Final MSC Opinion on Reliability Services Phase 1 and Commitment Costs Enhancements Phase 2 Mar 2015
05/12/2015, 1:18 PM
Final MSC Opinion on Committment Cost Enhancements Sep 2014
09/09/2014, 3:10 PM
Final Opinion on Local Market Power Mitigation Implementation in the Energy Imbalance Market
07/21/2014, 3:56 PM
Final Opinion on Energy Imbalance Market Oct 30, 2013
06/18/2014, 9:00 AM
Final Opinion on Flexible Resource Adequacy Criteria Must Offer Obligation
03/12/2014, 8:51 AM
Final Opinion on Full Network Model Expansion
02/10/2014, 9:18 AM
Report on the Appropriateness of the Three Pivotal Supplier Test and Alternative Competitive Screens
06/28/2013, 3:30 PM
Final Opinion on Order 764 Compliance and Related Market Design Changes
05/07/2013, 2:55 PM
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Meeting documents (last 12 months)

All meeting documents
05/15/2024
9:00 AM - 11:00 AM
Online

Market Surveillance Committee General Session

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04/24/2024
2:00 PM - 5:00 PM
02/23/2024
10:00 AM - 12:30 PM
Online

Market Surveillance Committee General Session

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12/18/2023
9:00 AM - 12:00 PM
Online

Market Surveillance Committee General Session

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11/29/2023
10:00 AM - 3:30 PM
09/25/2023
10:00 AM - 3:00 PM
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