Background
Bids for imports and exports of real time energy that are pre-dispatched by the California ISO (CAISO), but then not delivered or "declined" by market participants have periodically resulted in operational problems and market inefficiencies under the CAISO’s current market design. On May 16, 2007, the CAISO posted a report from the Department of Market Monitoring (DMM) to the Board of Governors concluding that, “if declined pre-dispatches of supplemental energy bids remains a significant issue, DMM will evaluate market design changes that could range from implementing the uninstructed deviation penalty to developing a penalty or charge focused on declined dispatches.” Under MRTU, such declines could pose additional problems.
The CAISO initiated a stakeholder process to identify and consider potential options for deterring declined bids for import and exports of real time energy that are pre-dispatched by the CAISO.
Outcome
The CAISO Board approved this initiative and CAISO filed Tariff amendment with FERC. The FERC Docket No. is ER08-628. On April 29, 2008, FERC accepted the CAISO’s amendment subject to minor modifications to Section 37.3. The CAISO has submitted its compliance filing on May 29, 2008. The pre-dispatch decline penalty charge is effective 5-1-2008
Process
Relevant Market Notices
Tariff Language
Revised Declined Predispatched Intertie Bids Draft Tariff Language doc 104K | Abstract | 02/15/2008 12:06
Declined Predispatched Intertie Bids Draft Tariff Language doc 83K | Abstract | 01/29/2008 08:40
Bear Energy Comments - Declined Predispatched Intertie Bids Draft Tariff Language pdf 440K | Abstract | 02/11/2008 15:24
Dynegy Comments - Declined Predispatched Intertie Bids Draft Tariff Language pdf 55K | Abstract | 02/12/2008 10:02
PGE Comments - Declined Predispatched Intertie Bids Draft Tariff Language pdf 82K | Abstract | 02/12/2008 10:01
Powerex Comments - Declined Predispatched Intertie Bids Draft Tariff Language pdf 17K | Abstract | 02/11/2008 15:26
SCE Comments - Declined Predispatched Intertie Bids Draft Tariff Language pdf 49K | Abstract | 02/12/2008 10:03
SWP Comments - Declined Predispatched Intertie Bids Draft Tariff Language pdf 48K | Abstract | 02/14/2008 10:42
Stakeholder Conference Call 03-Dec-2007
Agenda - Stakeholder Conference Call 03-Dec-2007 pdf 89K | Abstract | 11/30/2007 11:01
Stakeholder Comments on Proposal Posted 30-Nov-2007
CAISO Final Proposal for Real-Time Import Export Bids 30-Nov-2007 pdf 75K | Abstract | 11/30/2007 07:13
Constellation Comments on Decline of Real-Time Import Export Bids Proposal 30-Nov-2007 pdf 20K | Abstract | 12/07/2007 13:38
Coral Power Comments on Decline of Real-Time Import Export Bids Proposal 30-Nov-2007 pdf 13K | Abstract | 12/07/2007 13:41
PG&E Comments on Decline of Real-Time Import Export Bids Proposal 30-Nov-2007 pdf 21K | Abstract | 12/07/2007 13:34
Portland General Electric Comments on Decline of Real-Time Import Export Bids Proposal 30-Nov-2007 pdf 14K | Abstract | 12/07/2007 13:49
Powerex Comments on Decline of Real-Time Import Export Bids Proposal 30-Nov-2007 pdf 30K | Abstract | 12/07/2007 13:51
SCE Comments on Decline of Real-Time Import Export Bids Proposal 30-Nov-2007 pdf 11K | Abstract | 12/07/2007 13:58
Stakeholder Comments on Straw Proposal Posted 07-Nov-2007
Bear Energy Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 173K | Abstract | 11/26/2007 13:17
Citigroup Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 15K | Abstract | 11/26/2007 13:14
Constellation Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 32K | Abstract | 11/26/2007 13:29
Coral Power Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 16K | Abstract | 11/26/2007 13:32
CPUC Staff Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 109K | Abstract | 11/28/2007 12:32
Mirant Energy Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 19K | Abstract | 11/26/2007 13:21
PGE Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 20K | Abstract | 11/26/2007 13:27
Powerex Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 34K | Abstract | 11/26/2007 13:33
SCE Comments on 07-Nov-2007 Declined Dispatch Proposal pdf 11K | Abstract | 11/26/2007 13:35
CAISO Straw Proposal for Real-Time Import Export Bids
CAISO Straw Proposal for Real-Time Import Export Bids 07-Nov-2007 pdf 40K | Abstract | 11/07/2007 11:39
Analysis of Monthly Pre-Dispatch Decline Rates by Scheduling Coordinators pdf 62K | Abstract | 11/13/2007 14:09
Stakeholder Comments on White Paper 10-Oct-2007
Barclays Capital Comments on CAISO White Paper 10-Oct-2007 pdf 15K | Abstract | 10/30/2007 09:13
Bear Energy Comments on CAISO White Paper 10-Oct-2007 pdf 283K | Abstract | 10/30/2007 09:19
BPEC Comments on CAISO White Paper 10-Oct-2007 pdf 13K | Abstract | 10/30/2007 09:16
Calpine Comments on CAISO White Paper 10-Oct-2007 pdf 93K | Abstract | 10/30/2007 09:57
Constellation Comments on CAISO White Paper 10-Oct-2007 pdf 34K | Abstract | 10/30/2007 09:30
Coral Power Comments on CAISO White Paper 10-Oct-2007 pdf 14K | Abstract | 10/30/2007 09:46
PGE Comments on CAISO White Paper 10-Oct-2007 pdf 23K | Abstract | 10/30/2007 09:22
PGN Comments on CAISO White Paper 10-Oct-2007 pdf 14K | Abstract | 10/30/2007 11:00
Powerex Comments on CAISO White Paper 10-Oct-2007 pdf 33K | Abstract | 10/30/2007 09:59
SCE Comments on CAISO White Paper 10-Oct-2007 pdf 18K | Abstract | 10/30/2007 09:55
SWP Comments on CAISO White Paper 10-Oct-2007 pdf 13K | Abstract | 10/30/2007 09:10
Declined Predispatched Intertie Bids - White Paper 10-Oct-2007
Declined Predispatched Intertie Bids - White Paper 10-Oct-2007 pdf 116K | Abstract | 10/10/2007 11:16
Stakeholder Meetings/Conference Calls
Agenda - Declined Predispatched Intertie Bids Conference Call 16-Oct-2007 pdf 23K | Abstract | 10/16/2007 11:04