INITIATIVE:
Local market power mitigation enhancements 2018

Started: Apr 30, 2019

Leads
Brittany Dean

This initiative will review the need for additional Energy Imbalance Market (EIM) default energy bid options, reference level adjustment request changes, updates to the calculation of competitive locational marginal prices, and updates to the mitigation tool. The potential market changes would apply to the entire ISO market, not just EIM. These topics were initially discussed at the EIM Offer Rules stakeholder working group meetings.

Outcome: This project included four elements to address cases of mitigation. The mitigation framework enhancements introduced an optional rule for EIM Balancing Authority Areas to limit transfer quantities or avoid cases of economic displacement. Further modifications included modifying the mitigation framework to eliminate the balance of the 15-minute market and balance-of-the-hour mitigation, with reexamination and application of the competitive Locational Marginal Price at every interval. The project included the creation of a new default energy bid for hydro resources with storage capability. Changes were also made to the reference level adjustment process originally established within the Commitment Cost and Default Energy Bid Enhancements initiative. Lastly, the project made enhancements to the gas price indices used for Mondays.

Status

Proposal Development Decision Implementation Completed/Closed
May 24, 2019 Revised draft tariff language
Feb 01, 2019 Draft final proposal
Nov 20, 2019 Local Market Power Mitigation Enhancements Effective Date Notification (ER19-2347)
Sep 30, 2019 FERC approval (ER19-2437)
Jul 02, 2019 Tariff amendment filing (ER19-2347)
Mar 27, 2019 Board of Governors approval
Mar 12, 2019 EIM Governing Body approval
Nov 13, 2019 Deployment
Nov 2019 Activation
Implementation milestones
Completed

Activities




In-person meeting


Board of Governors meeting

Web meeting


Revised Draft Tariff Language - Local Market Power Mitigation Enhancements 2018

Draft Tariff Language - Local Market Power Mitigation Enhancements 2018

Presentation - Local Market Power Mitigation Enhancements Implementation Details


Notice of Decisional Classification - Local Market Power Mitigation Enhancements

Web meeting


Draft Final Proposal - Local Market Power Mitigation Enhancements (updated Jan 31, 2019)

Draft Final Proposal - Local Market Power Mitigation Enhancements 2018

Presentation - Local Market Power Mitigation Enhancements - Jan 23, 2019

Comments Matrix - Local Market Power Mitigation Enhancements - Draft Final Proposal

Web meeting


Revised Straw Proposal - Local Market Power Mitigation Enhancements

Presentation - Local Market Power Mitigation Enhancements - Nov 28, 2018 (updated version)

Presentation - Local Market Power Mitigation Enhancements - Nov 28, 2018


Presentation - Local Market Power Mitigation Enhancements Working Group - Oct 10, 2018

Powerex Presentation - Local Market Power Mitigation Enhancements Working Group - Oct 10, 2018

Web meeting


Issue Paper and Straw Proposal - Local Market Power Mitigation Enhancements

Presentation - Local Market Power Mitigation Enhancements - Sep 19, 2018

In-person meeting


ISO Presentation - Jul 19, 2018 EIM Offer Rules Technical Workshop - Resource Sufficiency Test

ISO Presentation - Jul 19, 2018 EIM Offer Rules Technical Workshop - EIM Mitigation

DMM Presentation - Energy Imbalance Market Offer Rules Technical Workshop - Jul 19, 2018

Powerex Presentation - Energy Imbalance Market Offer Rules Technical Workshop - Jul 19, 2018

Stakeholder Questions and ISO Responses - Apr 30, 2018 EIM Offer Rules Technical Workshop - Real-Time Sufficiency Test

In-person meeting


Agenda - Energy Imbalance Market Offer Rules Technical Workshop - Apr 30, 2018

DMM Default Energy Bid Presentation 1 - Energy Imbalance Market Offer Rules Technical Workshop

DMM Default Energy Bid Presentation 2 - Energy Imbalance Market Offer Rules Technical Workshop

Powerex Default Energy Bid Presentation - Energy Imbalance Market Offer Rules Technical Workshop

Seattle City Light Default Energy Bid Presentation - Energy Imbalance Market Offer Rules Technical Workshop

DMM Resource Sufficiency Evaluation Presentation - Energy Imbalance Market Offer Rules Technical Workshop

ISO Resource Sufficiency Evaluation Presentation - Energy Imbalance Market Offer Rules Technical Workshop

PacifiCorp Resource Sufficiency Evaluation Presentation - Energy Imbalance Market Offer Rules Technical Workshop

PSE Resource Sufficiency Evaluation Presentation - Energy Imbalance Market Offer Rules Technical Workshop

Powerex Resource Sufficiency Evaluation Presentation - Energy Imbalance Market Offer Rules Technical Workshop