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Markets2024 FERC Billing Rate Adjustment and 2023 FERC Fees Supplemental Billing
The California ISO will adjust the 2024 Federal Energy Regulatory Commission (FERC) billing rate from $0.100282 to $0.112159. This is the latest rate from the FERC Energy Regulatory Commission Annual Charges billing and the adjustment is in accordance with ISO Tariff Section 11.19.3.2. The new rate will be reflected beginning trade date October 1 T+9B Initial assessment.
Additionally, upon reviewing the FERC Energy Regulatory Commission Annual Charges billing, the invoiced amount is more than the 2023 annual FERC charges that have been assessed to scheduling coordinators. The under-collection amount meets the threshold percentage for assessment of supplemental billing.
Therefore, in accordance with ISO Tariff Section 11.19.3.4, a supplemental billing under Charge Code 525 FERC Fee Over/Under Recovery is required. The ISO will include the supplemental billing of the 2023 FERC Fees under collection in the July 2024 Monthly Initial invoices that are due on August 14, 2024.
| A reconciliation of the 2023 Annual Charge is as follows: | |
| 2023 FERC Annual Charge (Final): | $ 24,030,186.00 |
| Total Previously Invoiced | 20,538,239.24 |
| 2023 FERC Fees under-recovered | $ 3,491,946.76 |
| Other Adjustments: | |
| Add: Prior years FERC Fees under-recovered | 2,253,316.33 |
| Less: Interest earnings | 1,377,466.19 |
| 2023 FERC Fees Supplemental Billing | $4,367,796.90 |
| 2023 Billable Quantities | 219,204,541.90 |
| 2023 Supplemental Billing Rate | $0.019926 |
Contact information
Please contact ISO Customer Service at 916-608-7320 with any questions.