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INITIATIVE:
Congestion revenue rights auction efficiency

Started: Apr 18, 2017

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.

Relevant notices Contact us

Status

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

Activities

Web meeting

Market Surveillance Committee meeting

Congestion Revenue Rights Market Analysis Report - May 12, 2020 05/12/2020


Nov 09, 2018 FERC approval 11/09/2018
Congestion revenue rights auction efficiency Track 1B modification


Oct 01, 2018 Tariff amendment (ER19-26) 11/17/2019
Congestion revenue rights auction efficiency Track 1B modification

Web meeting

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

Presentation - Congestion Revenue Rights Auction Efficiency, Track1B Revised Tariff Language - Sep 27, 2018 09/27/2018


Sep 20, 2018 FERC approval 11/17/2019
Congestion revenue rights auction efficiency Track 1B


Sep 07, 2018 FERC approval 11/17/2019
Congestion revenue rights auction efficiency Track 1a


Jul 17, 2018 Tariff amendment Track 1B (ER18-2034) 07/17/2018
Congestion revenue rights auction efficiency Track 1B

Web meeting

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


Notice of Decisional Classification - Congestion Revenue Rights Auction Efficiency Track 1B 06/20/2018

Web meeting

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

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

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

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

Decision on congestion revenue rights auction efficiency proposal 03/22/2019


Notice of Decisional Classification - Congestion Revenue Rights Auction Efficiency 03/02/2018

In-person meeting

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
Congestion revenue rights auction efficiency working group

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


Apr 11, 2018 Tariff amendment (ER18-1344) 11/17/2019
Congestion revenue rights auction efficiency Track 1A

In-person meeting

Analysis Phase
Congestion revenue rights auction efficiency working groups

Agenda - Congestion Revenue Rights Auction Efficiency Analysis Working Group - Dec 19, 2017 12/18/2017

ISO Comments to DMM Presentation - Congestion Revenue Rights Auction Efficiency Analysis Working Group - Dec 19, 2017 12/19/2017

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