New initiative: Congestion Revenue Rights Enhancements working group meeting on 11/14/24, registration requested

The California ISO has launched the new Congestion Revenue Rights (CRR) Enhancements initiative and will host a hybrid working group meeting on Nov. 14, 2024. A discussion paper will be posted November 11. If you plan to attend the working group in person, please register by end of day Nov. 12, 2024.

This initiative continues efforts to enhance the Congestion Revenue Rights market. In 2018’s Congestion Revenue Rights Auction Efficiency Track 1B, the ISO committed to: 1) assessing the impacts of both the Track 1A and Track 1B proposals (which were designed to resolve the majority of the observed inefficiencies with the CRR auction); and 2) considering more comprehensive changes to the CRR allocation and auction design as needed. Based on stakeholder prioritization and internal analysis, this initiative will explore a variety of stakeholder concerns identified in the stakeholder catalogue process including issues related to auction efficiency, revenue inadequacy, product definition, and allocation.

The discussion paper and working group meeting presentation will be posted to the Congestion Revenue Rights Enhancements webpage prior to the meeting.

Please submit written comments based on the materials and discussion by end of day Dec. 12, 2024 through the ISO’s commenting tool using the link on the initiative webpage.

The meeting will be recorded and the files posted to the initiative webpage for a limited time. Any related transcriptions should not be reprinted without the ISO’s permission.

Meeting details

Date: Nov. 14, 2024

Time: 9 a.m. - 12 p.m. Pacific Time

Location: California ISO, 250 Outcropping Way, Folsom, CA

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Participation information

Step 1: join web conference

Step 2: connect to audio by selecting “computer audio” or select “call me” and enter your phone number

Audio only participation: call 1-844-621-3956, access code: 24922764241

In-person participation information

Register by end of day Nov. 12, 2024.

Please contact Brenda Marquez at bmarquez@caiso.com or ISOStakeholderAffairs@caiso.com with any questions.