This initiative, formerly known as Import Bid Cost Verification, will explore cost verification measures for intertie offers above $1,000/MWh and explore alternative methodologies for setting market prices when the ISO market must relax constraints under a $2,000/MWh bid cap.
Outcome: This initiative led to tariff revisions and systems updates to accommodate bidding flexibility above the $1000/MWh cap, and apply validation for imported bids. It also ensures sufficient bidding flexibility exists for verified cost-based energy offers above the current $1000/MWh cap, and that the ex-ante and ex-post verification processes are leveraged as needed. FERC accepted tariff changes to raise the bid cap from $1,000 to $2,000, requires cost verification of bids above $1,000, and provides for after-the-cost recovery. This allows for increased bidding flexibility that will better serve the increased load demands of the upcoming summer season.
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Jan 28, 2021 Second revised draft tariff language posted
Sep 10, 2020 Revised final proposal posted |
Jun 17, 2021 Informational filing (ER21-1192)
Apr 27, 2021 FERC approval (ER21-1192) Feb 22, 2021 Tariff amendment (ER21-1192) Feb 22, 2021 FERC approval (ER21-1164) Feb 18, 2021 Notice of withdrawal (ER19-2757) Feb 17, 2021 Tariff amendment (ER21-1164) Dec 11, 2020 FERC approval (ER19-2757) Oct 01, 2020 Board of Governors approval Sep 21, 2020 FERC approval (ER19-2757) Sep 05, 2019 Tariff amendment (ER19-2757) |
Jun 2021 Deployment
Jun 2021 Activation |
Completed |
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http://www.caiso.com/Documents/Jun17-2021-InformationalFiling-PricingParameters-ER21-1192.pdf
Jun 17, 2021 Informational Filing - Pricing Parameters (ER21-1192) 06/23/2021
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http://www.caiso.com/Documents/Apr27-2021_OrderAcceptingTariffRevisions-PricingParametersImportBiddingRules-ER21-1192.pdf | |
Training |
https://youtu.be/cOvt0il0yJQ
Video - FERC Order 831 Import Bidding and Market Parameters Training 05/03/2021
FERC Order 831 Import Bidding and Market Parameters Training 04/27/2021
Video - FERC Order 831 Market Simulation Scenarios Training 05/25/2021
FERC Order 831 Market Simulation Scenarios Training 05/25/2021
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http://www.caiso.com/Documents/Feb22-2021-TariffAmendment-PricingParameters-OrderNo831-ER21-1192.pdf
Feb 22, 2021 Tariff Amendment - Pricing Parameters - FERC Order No. 831 (ER21-1192) 03/05/2021
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http://www.caiso.com/Documents/Feb22-2021-LetterOrderAccepting-FERCOrderNo831-ER21-1164.pdf
Feb 22, 2021 Letter Order Accepting - FERC Order No. 831 (ER21-1164) 03/05/2021
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http://www.caiso.com/Documents/Feb18-2021-NoticeofWithdrawal-PetitionofLimitedTariffWaiver-FERCOrderNo831-ER19-2757.pdf | |
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http://www.caiso.com/Documents/Feb17-2021-TariffAmendment-ExpediteEffectivenessandModifyTariffProvisions-FERCOrderNo831-ER21-1164.pdf | |
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http://www.caiso.com/Documents/Jan26-2021-PetitionLimitedTariffWaiver-FERCOrder831-ER19-2757.pdf
Jan 26, 2021 Petition for Limited Tariff Waiver - FERC Order No. 831 (ER19-2757) 02/01/2021
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https://stakeholdercenter.caiso.com/InitiativeDocuments/SecondRevisedDraftTariffLanguage-FERCOrder831-ImportBidding-MarketParameters.docx
Second Revised Draft Tariff Language - FERC Order 831 - Import Bidding and Market Parameters 01/27/2021
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View comments |
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http://www.caiso.com/Documents/Dec11-2020-OrderAcceptingTariffAmendment-FERCOrderNo831-ER19-2757.pdf
Dec 11, 2020 Order Accepting Tariff Amendment - FERC Order No. 831 (ER19-2757) 12/14/2020
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Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/StakeholderCommentsResponseMatrix-FERCOrder831-ImportBidding-MarketParameters-RevisedDraftTariffLanguage.pdf
Stakeholder Comments Response Matrix - FERC Order 831 - Import Bidding and Market Parameters 01/27/2021
Video - FERC Order 831 - Import Bidding and Market Parameters - Nov 10, 2020 11/13/2020
Revised Draft Tariff Language - FERC Order 831 - Import Bidding and Market Parameters 10/21/2020
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View comments |
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http://www.caiso.com/Documents/Oct21-2020-ComplianceFiling-FERCOrder-No-831-ER19-2757.pdf
Oct 21, 2020 Compliance Filing - FERC Order No. 831 (ER19-2757) 12/14/2020
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http://www.caiso.com/Documents/Sep21-2020-Letter-Order-Accepting-FERC-Order-No-831-Revisions-ER19-2757.pdf
Sep 21, 2020 Letter Order Accepting FERC Order No. 831 Revisions (ER19-2757) 10/05/2020
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Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/DraftTariffLanguage-FERCOrder831-ImportBidding-MarketParameters.docx
Draft Tariff Language - FERC Order 831 - Import Bidding and Market Parameters 09/09/2020
Revised Final Proposal - FERC Order 831 - Import Bidding and Market Parameters 09/10/2020
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View comments |
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https://stakeholdercenter.caiso.com/InitiativeDocuments/Notice-DecisionalClassificationOrder831.pdf
Notice of Descisional Classification - FERC Order 831 - Import bidding and market parameters 09/09/2020
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Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/Presentation-FERCOrder831-ImportBidding-MarketParameters-Aug312020.pdf
Presentation - FERC Order 831 - Import Bidding and Market Parameters - Aug 31, 2020 08/27/2020
Final Proposal - FERC Order 831 - Import Bidding and Market Parameters 08/27/2020
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View comments |
Web meeting |
http://www.caiso.com/informed/Pages/BoardCommittees/MarketSurveillanceCommittee/Default.aspx
Market Surveillance Committee - Meeting 07/24/2020
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Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/Presentation-FERCOrder831-ImportBidding-MarketParameters-Jul292020.pdf
Presentation - FERC Order 831 - Import Bidding and Market Parameters - Jul 29, 2020 07/27/2020
Revised Draft Final Proposal - FERC Order 831 - Import Bidding and Market Parameters 07/22/2020
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Web meeting |
http://www.caiso.com/Pages/documentsbygroup.aspx?GroupID=96ABF859-16F9-4C0B-A4D4-A9A60FE904CB | |
Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/Presentation-FERCOrder831-ImportBidding-MarketParameters-Apr292020.pdf
Presentation - FERC Order 831 - Import Bidding and Market Parameters - Apr 29, 2020 04/28/2020
Draft Final Proposal - FERC Order 831 - Import Bidding and Market Parameters 04/23/2020
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In-person meeting |
http://www.caiso.com/Pages/documentsbygroup.aspx?GroupID=FEEEC86F-DDC1-4657-A444-D2E547FAE99B
Presentation - Market Surveillance Committee Meeting - FERC 831 Import Bidding and Market Parameters 12/12/2019
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Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/Presentation-FERCOrder831-ImportBidding-MarketParameters-Dec52019.pdf
Presentation - FERC Order 831 - Import Bidding and Market Parameters - Dec 05, 2019 12/04/2019
Revised Straw Proposal - FERC Order 831 - Import Bidding and Market Parameters 12/04/2019
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http://www.caiso.com/Documents/Sep52019-TariffAmendment-OrderNo831ComplianceFiling-ER19-2757.pdf
Sep 5, 2019 Tariff Amendment - Order No. 831 Compliance Filing (ER19-2757) 07/29/2020
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Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/Presentation-ImportBidCostVerification-May16-2019.pdf
Presentation - Import Bid Cost Verification - May 16, 2019 05/15/2019
Issue Paper and Straw Proposal - Import Bid Cost Verification 05/10/2019
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