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INITIATIVE:
Price formation enhancements

Started: Apr 11, 2022

Leads
James Friedrich

This initiative will explore several topics related to price formation in the California ISO markets focused on real-time market pricing. Scarcity prices are important to attract supply and incent resources to be available and perform. They are also important to provide appropriate price signals to reduce demand. Recent energy shortages and associated prices in the ISO real-time market have emphasized the need for the ISO to review and enhance its scarcity pricing provisions.  Consequently, the ISO plans to consider the following topics in this initiative: (1) enhance real-time market scarcity pricing to better reflect tight supply conditions, (2) consider fast-start pricing, and (3) enhance how the real-time market uses advisory prices to dispatch resources.

Relevant notices Contact us

Status

Proposal Development Decision Implementation Completed/Closed

Activities

Web meeting


Video - Price Formation Enhancements - Sep 14, 2023 09/19/2023

Presentation - Price Formation Enhancements - Sep 14, 2023 09/14/2023
Working Group Session 4

Attendee List - Price Formation Enhancements - Sep 14, 2023 09/14/2023

Poll Results - Price Formation Enhancements - Sep 14, 2023 09/18/2023

Submit comments Due: Sep 28, 05:00 pm


Revised Price Formation Enhancements Overview 09/13/2023

Hybrid meeting

Video - Price Formation Enhancements - Aug 17, 2023 08/22/2023

Presentation - Price Formation Enhancement - Aug 17, 2023 08/17/2023
Working Group Session 3

Attendee List - Price Formation Enhancements - Aug 17, 2023 08/17/2023

Poll Results - Price Formation Enhancements - Aug 17, 2023 08/18/2023

Chat - Price Formation Enhancements - Aug 17, 2023 08/18/2023

Hybrid meeting

Video - Price Formation Enhancements - Aug 10, 2023 08/14/2023

Presentation - Price Formation Enhancements - Aug 10, 2023 08/10/2023
Working Group Session 2

Attendee List - Price Formation Enhancements - Aug 10, 2023 08/10/2023

Poll Results - Price Formation Enhancements - Aug 10, 2023 08/11/2023

View comments

Hybrid meeting

Video - Price Formation Enhancements Working Group - Aug 3, 2023 08/08/2023

Presentation - Price Formation Enhancements - Aug 3, 2023 08/02/2023
Working Group Session 1

Poll Results - Price Formation Enhancements - Aug 3, 2023 08/03/2023

View comments


Price Formation Enhancements Overview 07/17/2023
The ISO encourages participants to propose specific topics for discussion and welcomes interested parties to present proposals at a working group meeting. Please email ISOStakeholderAffairs@caiso.com with any interest to present at a working group meeting.

Web meeting


Video - Price Formation Enhancements - Jun 26, 2023 07/12/2023

Presentation - Price Formation Enhancements - Jun 26, 2023 06/23/2023

Hybrid meeting


Video - Price Formation Enhancements - Mar 20, 2023 03/24/2023

Presentation - Price Formation Enhancements - Mar 20, 2023 03/17/2023

Web meeting


Video - Price Formation Enhancements - Dec. 16, 2022 12/19/2022

Presentation - Price Formation Enhancements - Dec 16, 2022 12/15/2022

Web meeting


Video - Price Formation Enhancements - Nov 16, 2022 11/17/2022

Presentation - Price Formation Enhancements - Nov 16, 2022 11/14/2022

Web meeting


Video - Price Formation Enhancements - Jul 12, 2022 07/13/2022

Issue Paper - Price Formation Enhancements 07/05/2022

Presentation - Price Formation Enhancements - Jul 12, 2022 07/11/2022

View comments

Web meeting

Powerex and Public Power Council Report - Importance of Fast Start Pricing in Market Design 06/27/2022

GDS Associates Report - Efficient Market Prices During Tight Supply Conditions - Issues and Recommendations 06/14/2022

Video - Price Formation Enhancements - Jun 9, 2022 06/14/2022

Presentation - Price Formation Enhancements Workshop - Jun 9, 2022 06/07/2022

Powerex Presentation - Price Formation Enhancements - Jun 9, 2022 06/07/2022

Calpine Presentation - Price Formation Enhancements - Jun 9, 2022 06/07/2022

Rev Renewables Presentation - Price Formation Enhancements - Jun 9, 2022 06/07/2022

WPTF Presentation - Price Formation Enhancements - Jun 9, 2022 06/13/2022