This initiative explores bidding options in three areas: 1) aligning RDRR real-time bidding with FERC Order No. 831; 2) exploring RDRR Minimum Load and Minimum Load Costs; and 3) understanding if modifying the cap of RDRR discrete dispatch options would better reflect RDRR capabilities.
| Proposal Development | Decision | Implementation | Completed/Closed | |
|---|---|---|---|---|
| Phase 2 |
Apr 12, 2022 Final proposal posted - track 2
|
Oct 24, 2022 FERC approval (ER22-2700)
Aug 22, 2022 Tariff amendment filing (ER22-2700) Jul 20, 2022 Board of Governors and WEIM Governing Body approval - track 2 |
Nov 3, 2022
Implementation milestones
|
Completed |
| Phase 1 |
Jan 26, 2022 Draft final proposal posted - track 1
|
May 24, 2022 FERC approval (ER22-1431)
Mar 23, 2022 Tariff amendment filing (ER22-1431) Mar 16, 2022 ISO Board of Governors and WEIM Governing Body joint approval - track 1 |
Jun 01, 2022 effective - track 1
Implementation milestones
|
Completed |
Outcome (Track 2): The ISO implemented, effective November 3, 2022. This project enhanced the market to better reflect Reliability Demand Response Resources’ (RDRR) operational capabilities to real-time bidding for discrete real-time bidding enhancements of Reliability Demand Response Resources (RDRRs) with the following enhancements.
• Infeasible Discrete RDRR RT Dispatch via Pmin Re-Rate
• Discrete RDRR Cap Increased from 50 MW to 100 MW
Outcome (Track 1): The ISO implemented, effective June 1, 2022, real-time bidding enhancements of Reliability Demand Response Resources (RDRRs) to align RDRR bidding rules with real-time price conditions consistent with FERC Order No. 831 by requiring that RDRRs must bid at least 95% of the hard energy bid cap ($1,900/MWh) when specific conditions are satisfied to raise the energy bid cap to $2,000/MWh. Through this initiative, the ISO has updated the bidding rules in Scheduling Infrastructure and Business Rules (SIBR) to automatically adjust the submitted RDRR bids based on the change in energy bid cap by maintaining the percentage of the bid cap originally submitted by the Scheduling Coordinator. This automatic adjustment occurs after the market close and will only apply if no action is taken by the close of each hour’s real-time market by the Scheduling Coordinator. It preserved the existing bidding structure for RDRRs when the $1,000/MWh soft energy bid cap is in place. It maintains that, in the real-time market, RDRRs are treated as emergency response resources with limited availability and are only released for dispatch when an Energy Emergency Alert Stage-2 (EEA2) notice is issued.