This initiative has two phases: (1) the analysis phase, in which the ISO will analyze the differences between auction prices and payouts in the Congestion Revenue Rights (CRR) market, and (2) the policy development phase, in which the ISO will consider potential policy changes. The ISO plans to begin the policy development phase once it has completed the analysis phase.
Outcome (Track 1A): The track 1A release provided enhancements to outage information received and used for congestion revenue right (CRR) allocations and auctions, limit the allowable source and sink pasirs in the auction to correspond to supply delivery, and allows the CRR software to support a mechanism to allow market participants to sell previously acquired CRRs into subsequent auctions.
Outcome (Track 1B): The track 1B release reduced the amount of system capacity that is released in the annual process from 75% to 65%, and provided settlements enhancements to allocate available Integrated Forward Market (IFM) congestion revenue.
| Proposal Development | Decision | Implementation | Completed/Closed |
|---|---|---|---|
|
Sep 27, 2018 Second revised draft tariff language (track 1B)
Mar 28, 2018 Revised draft tariff language (track 1A) |
Track 1B Modification
Nov 09, 2018 FERC approval Track 1B Sep 20, 2018 FERC approval Jun 21, 2018 Board of Governors approval Track 1A Sep 07, 2018 FERC approval Mar 22, 2018 Board of Governors approval |
Nov 01, 2018 Deployment (Track 1A)
|
Completed |
Web meeting |
Market Surveillance Committee meeting https://stakeholdercenter.caiso.com/InitiativeDocuments/CongestionRevenueRightsMarketAnalysisReport-May12-2020.pdf
Congestion Revenue Rights Market Analysis Report - May 12, 2020 05/12/2020
|
|
|
|
http://www.caiso.com/Documents/Nov9-2018-OrderAcceptingTariffRevisions-CRRTrack1BModification-ER19-26.pdf
Nov 09, 2018 FERC approval 11/09/2018
|
|
|
|
http://www.caiso.com/Pages/documentsbygroup.aspx?GroupID=C272D817-30EB-46D4-AE4E-2901F8F39C64
Oct 01, 2018 Tariff amendment (ER19-26) 11/17/2019
|
|
Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/SecondRevisedDraftTariffLanguage-CongestionRevenueRightsAuctionEfficiencyTrack1B.docx
Second Revised Draft Tariff Language - Congestion Revenue Rights Auction Efficiency, Track 1B 09/27/2018
Jul 17, 2018 Tariff Amendment - Congestion Revenue Rights Auction Efficiency Track 1B (ER18-2034) 09/27/2018
|
|
|
|
http://www.caiso.com/Documents/Sep20-2018-Order-TariffAmendment-CRRAuctionEfficiency-Track1B-ER18-2034.pdf
Sep 20, 2018 FERC approval 11/17/2019
|
|
|
|
http://www.caiso.com/Documents/Sep7_2018_LetterOrderAcceptingComplianceFiling-CRRTrack1A_ER18-1344.pdf
Sep 07, 2018 FERC approval 11/17/2019
|
|
|
|
http://www.caiso.com/Pages/documentsbygroup.aspx?GroupID=BC5E9719-7CFD-47C0-9B28-C355EC55F9E4
Jul 17, 2018 Tariff amendment Track 1B (ER18-2034) 07/17/2018
|
|
Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/RevisedDraftTariffLanguage-CRRAuctionEffieciencyTrack1B.docx
Revised Draft Tariff Language - Congestion Revenue Rights Auction Effieciency, Track1B 07/06/2018
Draft Tariff Language - Congestion Revenue Rights Auction Effieciency, Track 1B 07/05/2018
|
|
|
|
https://stakeholdercenter.caiso.com/InitiativeDocuments/NoticeofDecisionalClassification-CongestionRevenueRightsAuctionEfficiency-Track1B.pdf
Notice of Decisional Classification - Congestion Revenue Rights Auction Efficiency Track 1B 06/20/2018
|
|
Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/DraftFinalProposalSecondAddendum-CongestionRevenueRightsAuctionEfficiencyTrack1B.pdf
Draft Final Proposal Second Addendum - Congestion Revenue Rights Auction Efficiency, Track 1B 06/12/2018
Agenda and Presentation - Congestion Revenue Rights Auction Efficiency, Track 1B - Jun 13, 2018 06/13/2018
|
|
Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/DraftFinalProposal-CongestionRevenueRightsAuctionEfficiencyTrack1B.pdf
Draft Final Proposal - Congestion Revenue Rights Auction Efficiency, Track1B 05/11/2018
Draft Final Proposal Addendum - Congestion Revenue Rights Auction Efficiency, Track 1B 05/25/2018
Agenda and Presentation - Congestion Revenue Rights Auction Efficiency, Track 1B - May 18, 2018 05/18/2018
See comments tied to Web meeting Jun 13, 2018 |
|
Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/StrawProposal-CongestionRevenueRightsAuctionEfficiencyTrack1B.pdf
Straw Proposal - Congestion Revenue Rights Auction Efficiency, Track 1B 04/24/2018
Presentation - Congestion Revenue Rights Auction Efficiency, Track 1B - Apr 23, 2018 04/23/2018
|
|
In-person meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/Agenda-CongestionRevenueRightsAuctionEfficiencyTrack1B-Apr102018.pdf
Agenda - Congestion Revenue Rights Auction Efficiency Track 1B - Apr 10, 2018 04/09/2018
Presentation - Kolby Kettler, Vitol - Apr 10, 2018 04/09/2018
Presentation - Roger Avalos, DMM - Apr 10, 2018 04/09/2018
Presentation - Kallie Wells, Resero Consulting - Apr 10, 2018 04/09/2018
Presentation - Doug Boccignone, Flynn Resource Constulants - Apr 10, 2018 04/09/2018
Presentation - Seth Cochran, DC Energy (Part1) - Apr 10, 2018 04/09/2018
Presentation - Mike Benn, Powerex - Apr 10, 2018 04/09/2018
Presentation - Eric Little, SCE - Apr 10, 2018 04/09/2018
Presentation - Congestion Revenue Rights Auction Efficiency, Track1B - Apr 10, 2018 04/10/2018
Presentation - Seth Cochran, DC Energy (Part 2) - Apr 10, 2018 04/09/2018
|
|
Web meeting |
Revised Draft Tariff Language - Congestion Revenue Rights Auction Efficiency, Track 1A 04/13/2018
Draft Tariff Language - Congestion Revenue Rights Auction Efficiency, Track 1A 03/20/2018
|
|
In-person meeting |
Board of Governors meeting http://www.caiso.com/Pages/documentsbygroup.aspx?GroupID=BB2ED858-2E5B-4BB2-8E6D-FCEF8EC7ED76
Decision on congestion revenue rights auction efficiency proposal 03/22/2019
|
|
|
|
https://stakeholdercenter.caiso.com/InitiativeDocuments/NoticeofDecisionalClassification-CongestionRevenueRightsAuctionEfficiency.pdf
Notice of Decisional Classification - Congestion Revenue Rights Auction Efficiency 03/02/2018
|
|
In-person meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/DraftFinalProposalAddendum-CongestionRevenueRightsAuctionEfficiency-Track1.pdf
Draft Final Proposal Addendum - Congestion Revenue Rights Auction Efficiency, Track 1A 03/09/2018
Draft Final Proposal - Congestion Revenue Rights Auction Efficiency, Track 1 02/08/2018
Supplement to Draft Final Proposal - 2018 Season 3 Auction Simulation Results 02/26/2018
Agenda - Congestion Revenue Rights Auction Efficiency - Feb 13, 2018 02/15/2018
Presentation - Congestion Revenue Rights Auction Efficiency - Draft Final Proposal, Track 1 02/15/2018
|
|
In-person meeting |
Analysis Phase
Agenda - Congestion Revenue Rights Market Working Group 04/18/2017
Presentation - Roger Avalos, DMM 04/18/2017
Presentation - Cristy Sanada, Pacific Gas & Electric 04/18/2017
Presentation - Abram Klein, Appian Way Energy Partners 04/18/2017
Presentation - Seth Cochran, DC Energy 04/18/2017
Presentation - Congestion Revenue Rights Market Working Group Meeting 04/18/2017
Presentation - Kolby Kettler, Vitol, Inc. 04/18/2017
Presentation - Ellen Wolfe, WPTF 04/18/2017
|
|
|
|
http://www.caiso.com/Pages/documentsbygroup.aspx?GroupID=8F134A71-54F0-4100-9337-6A8E000B0084
Apr 11, 2018 Tariff amendment (ER18-1344) 11/17/2019
|
|
In-person meeting |
Analysis Phase
Agenda - Congestion Revenue Rights Auction Efficiency Analysis Working Group - Dec 19, 2017 12/18/2017
Presentation - Ellen Wolfe, WPTF - Dec 19, 2017 12/18/2017
Presentation - CRR Auction Efficiency Policy Discussion - Dec 19, 2017 12/19/2017
Presentation - Ryan Kurlinski, DMM - Dec 19, 2017 12/18/2017
Presentation - Seth Cochran, DC Energy - Dec 19, 2017 12/18/2017
Presentation - Cristy Sanada, PG&E - Dec 19, 2017 12/18/2017
Presentation - CRR Auction Analysis Report - Dec 19, 2017 12/18/2017
CRR Auction Analysis Report 11/21/2017
CRR Auction Analysis Report Metrics Data 12/18/2017
|