Real-time market neutrality is currently calculated as the sum of instructed imbalance energy, uninstructed imbalance energy, unaccounted for energy, and greenhouse gas (GHG) awards. To allocate the real-time market neutrality, an offset is calculated for components of the locational marginal price. This initiative proposes modifications to the calculation of the real-time imbalance energy offset to improve the accuracy of the offset by balancing authority area.
| Proposal Development | Decision | Implementation | Completed/Closed |
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Apr 25, 2019 Issue paper/straw proposal posted
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Sep 06, 2019 FERC approval
Jul 30, 2019 Tariff amendment filing (ER19-2497) Jul 24, 2019 Board of Governors consent Jun 28, 2019 EIM Governing Body approval |
Nov 13, 2019 Deployment
Nov 2019 Activation |
Completed |
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http://www.caiso.com/Documents/Sep6-2019-LetterOrderAcceptingTariffRevisions-RealTimeImbalanceEnergyOffset-ER19-2497.pdf
Sep 06, 2019 FERC approval 09/06/2019
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http://www.caiso.com/Documents/Jul30-2019-TariffAmendment-Real-Time_ImbalanceEnergyOffset-ER19-2497.pdf
Jul 30, 2019 Tariff Amendment - Real-Time Market Neutrality Settlement (ER19-2497) 07/30/2019
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In-person meeting |
Board of Governors meeting https://stakeholdercenter.caiso.com/InitiativeDocuments/Decision-ConsentAgenda-Motion-July2019.pdf |
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https://stakeholdercenter.caiso.com/InitiativeDocuments/NoticeofDecisionalClassification-Real-TimeMarketNeutralitySettlement.pdf
Notice of Decisional Classification - Real-Time Market Neutrality Settlement 06/18/2019
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Web meeting |
https://youtu.be/5Ik4sn7iouQ
Video - Real-Time Market Neutrality Settlement - Jun 6, 2019 11/17/2019
Draft Final Proposal - Real-Time Market Neutrality Settlement 05/30/2019
Draft Tariff Language - Real-Time Market Neutrality Settlement 05/30/2019
Presentation - Real-Time Market Neutrality Settlement - June 6, 2019 06/03/2019
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In-person meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/Presentation-Real-TimeMarketNeutralityTechnicalWorkshop-May21-2019.pdf
Presentation - Real-Time Market Neutrality Technical Workshop - May 21, 2019 05/17/2019
Proposed Settlement Changes - Real-Time Market Neutrality Settlement 05/24/2019
Comments Matrix - Real-Time Market Neutrality Settlement - Straw Proposal and May 21 Workshop 05/30/2019
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Web meeting |
https://stakeholdercenter.caiso.com/InitiativeDocuments/IssuePaper-StrawProposal-Real-TimeMarketNeutralitySettlement.pdf
Issue Paper and Straw Proposal - Real-Time Market Neutrality Settlement 04/25/2019
Presentation Tables - Real-Time Market Neutrality Settlement 04/29/2019
Presentation - Real-Time Market Neutrality Settlement Issue Paper and Straw Proposal 04/30/2019
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