INITIATIVE:
FERC Order 831 - Import bidding and market parameters

Started: May 16, 2019

Leads
Brittany Dean
Danielle Tavel

This initiative, formerly known as Import Bid Cost Verification, will explore cost verification measures for intertie offers above $1,000/MWh and explore alternative methodologies for setting market prices when the ISO market must relax constraints under a $2,000/MWh bid cap.

Outcome: This initiative led to tariff revisions and systems updates to accommodate bidding flexibility above the $1000/MWh cap, and apply validation for imported bids.  It also ensures sufficient bidding flexibility exists for verified cost-based energy offers above the current $1000/MWh cap, and that the ex-ante and ex-post verification processes are leveraged as needed.  FERC accepted tariff changes to raise the bid cap from $1,000 to $2,000, requires cost verification of bids above $1,000, and provides for after-the-cost recovery.  This allows for increased bidding flexibility that will better serve the increased load demands of the upcoming summer season.

Status

Proposal Development Decision Implementation Completed/Closed
Jan 28, 2021 Second revised draft tariff language posted
Sep 10, 2020 Revised final proposal posted
Jun 17, 2021 Informational filing (ER21-1192)
Apr 27, 2021 FERC approval (ER21-1192)
Feb 22, 2021 Tariff amendment (ER21-1192)
Feb 22, 2021 FERC approval (ER21-1164)
Feb 18, 2021 Notice of withdrawal (ER19-2757)
Feb 17, 2021 Tariff amendment (ER21-1164)
Dec 11, 2020 FERC approval (ER19-2757)
Oct 01, 2020 Board of Governors approval
Sep 21, 2020 FERC approval (ER19-2757)
Sep 05, 2019 Tariff amendment (ER19-2757)
Jun 2021 Deployment
Jun 2021 Activation
Implementation milestones
Completed

Activities



Training


FERC Order 831 Import Bidding and Market Parameters Training







Second Revised Draft Tariff Language - FERC Order 831 - Import Bidding and Market Parameters

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Web meeting


Stakeholder Comments Response Matrix - FERC Order 831 - Import Bidding and Market Parameters

Revised Draft Tariff Language - FERC Order 831 - Import Bidding and Market Parameters

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Web meeting


Draft Tariff Language - FERC Order 831 - Import Bidding and Market Parameters

Revised Final Proposal - FERC Order 831 - Import Bidding and Market Parameters

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Notice of Descisional Classification - FERC Order 831 - Import bidding and market parameters

Web meeting


Presentation - FERC Order 831 - Import Bidding and Market Parameters - Aug 31, 2020

Final Proposal - FERC Order 831 - Import Bidding and Market Parameters
Updated 8/27 to correct minor errors

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Web meeting


Web meeting


Presentation - FERC Order 831 - Import Bidding and Market Parameters - Jul 29, 2020

Revised Draft Final Proposal - FERC Order 831 - Import Bidding and Market Parameters

Web meeting


Web meeting


Presentation - FERC Order 831 - Import Bidding and Market Parameters - Apr 29, 2020

Draft Final Proposal - FERC Order 831 - Import Bidding and Market Parameters

In-person meeting


Web meeting


Presentation - FERC Order 831 - Import Bidding and Market Parameters - Dec 05, 2019

Revised Straw Proposal - FERC Order 831 - Import Bidding and Market Parameters
Updated 12/4/19 to correct minor errors


Web meeting


Presentation - Import Bid Cost Verification - May 16, 2019

Issue Paper and Straw Proposal - Import Bid Cost Verification