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 |