INITIATIVE:
Flexible ramping product refinements

Started: Nov 21, 2019

Leads
Daniel Johnson

This initiative will explore several refinements to the flexible ramping product (FRP) design to improve the effectiveness of the FRP awards in the real-time market. The buffer and minimum requirement refinements were implemented in Nov, 2020.  The deliverability refinement is planned for implementation in Oct, 2021.

Status

Proposal Development Decision Implementation Completed/Closed
Aug 03, 2022 Draft tariff language posted
Jul 01, 2022 - Comments due on planned decisional classification for the change to the FRP proposal
Jul 20, 2022 - Joint EIM Governing Body and Board of Governors meeting
Oct 18, 2022 FERC approval (ER22-2661)
Aug 15, 2022 Tariff amendment filing (ER22-2661)
Sep 30 - Oct 01, 2020 Board of Governors approval
Sep 16, 2020 EIM Governing Body approval
Deliverability:
Dec 01, 2022 Activation

Buffer and minimum:
Nov 2020 Deployment
Nov 2020 Activation
Implementation milestones

Activities



Draft tariff language


Draft Tariff Language - Flexible Ramping Product Refinements - Aug 2022 Reposting

Training



Notice of Decisional Classification - Flexible Ramping Product Refinements initiative

Planned decisional classification


Planned Decisional Classification - Change to the Flexible Ramping Product Refinements Proposal

View comments

Web meeting


Web meeting


Flexible Ramping Product Refinements - Implementation Update

Presentation - Flexible Ramping Product Refinements - Impacts to WEIM Resource Sufficiency Evaluation - May 10, 2022

View comments


Revised tariff language


Revised Draft Tariff Language - Flexible Ramping Product Refinements

Web meeting


Final proposal


Final Proposal - Flexible Ramping Product Refinements

EIM classification


Notice of Decisional Classification - Flexible Ramping Product Refinements

Web meeting


Draft Tariff Language - Flexible Ramping Product Refinements

View comments

Web meeting


ISO Responses to Stakeholder Comments - Flexible Ramping Product Refinements - Draft Final Proposal

Presentation - Flexible Ramping Product Refinements Draft Final Proposal - May 18, 2020

Draft Final Proposal - Flexible Ramping Product Refinements

Draft Technical Description - Flexible Ramping Product Procurement and Deployment Scenarios

Solver - Flexible Ramping Product Deployment Scenarios - Flexible Ramping Product Refinements

Appendix A - Other ISO/RTO Demand Curve Summaries - Flexible Ramping Product Refinements

Appendix C - Quantile Regression Approach - Flexible Ramping Product Requirements

Web meeting


Presentation - Flexible Ramping Product Refinements - Revised Straw Proposal

Examples - Minimum Balancing Area Requirement - Flexible Ramping Product Refinements

Revised Straw Proposal - Flexible Ramping Product Refinements

Draft Technical Description - Flexible Ramping Product Refinements (Procurement and Deployment Scenarios)

Web meeting


Presentation - Flexible Ramping Product Refinements - Issue Paper/Straw Proposal

Issue Paper/Straw Proposal - Flexible Ramping Product Refinements

Analysis phase