INITIATIVE:
Flexible ramping product refinements

Started: Nov 21, 2019

Leads
Don Tretheway

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 31, 2020 Final proposal posted
Sep 30 - Oct 01, 2020 Board of Governors approval
Sep 16, 2020 EIM Governing Body approval
Deliverability
Oct 01, 2021 Deployment
Oct 2021 Activation

Buffer and minimum
Nov 2020 Deployment
Nov 2020 Activation
Implementation milestones

Activities

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