Search

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
Apr 12, 2024 Issue paper posted
Apr 19, 2024 Comments due on issue paper
Apr 23, 2024 Meeting
May 10, 2024 Comments due on working group session 16

Activities

Issue Paper and Stakeholder Recommendations - Price Formation Enhancements - Rules for Bidding Above the Soft Offer Cap 04/12/2024

Submit comments Due: Apr 19, 05:00 pm

Web meeting


Working Group Session 16, Analysis on Fast Start Pricing

Presentation - Price Formation Enhancement - Apr 8, 2024 04/08/2024

Video - Price Formation Enhancements - Apr 8, 2024 04/15/2024

Submit comments Due: May 10, 05:00 pm


Updated Price Formation Enhancements Working Group Schedule 2024 01/30/2024

Web meeting

Working Group Session 15, Battery Storage Bidding and FERC
831

Video - Price Formation Enhancements Working Group - Mar 8, 2024 03/13/2024

Presentation - Price Formation Enhancements Working Group - Mar 12, 2024 03/12/2024

View comments

Web meeting


Working Group Session 14, BAA-Level Market Power Mitigation

Video - Price Formation Enhancements Working Group - Feb 21, 2024 02/23/2024

Presentation - Price Formation Enhancement - Feb 21, 2024 02/20/2024

Web meeting


Working Group Session 13, Workshop

Video - Price Formation Enhancements Workshop - Feb 12, 2024 02/13/2024

Presentation - Price Formation Enhancement Workshop - Feb 12, 2024 02/09/2024

Web meeting


Working Group Session 12, Scarcity Pricing Sprint 3

Video - Price Formation Enhancements Working Group - Jan 24, 2024 01/29/2024

Presentation - Price Formation Enhancements - Jan 24, 2024 01/22/2024

View comments

Web meeting


Working Group Session 11, Scarcity Pricing Sprint 2

Video - Price Formation Enhancements Working Group - Jan 17, 2024 01/23/2024

Presentation - Price Formation Enhancements - Jan 17, 2024 01/16/2024

Web meeting


Working Group Session 10, Scarcity Pricing Sprint 1

Video - Price Formation Enhancements Working Group - Jan 10, 2024 01/12/2024

Presentation - Price Formation Enhancements Working Group - Jan 10, 2024 01/08/2024

Web meeting


Working Group Session 9

Video - Price Formation Enhancements Working Group - Dec 12, 2023 12/13/2023

Presentation - Price Formation Enhancement - Dec 12, 2023 12/11/2023

Mike Cadwalader Comments Price Formation Enhancements Working Group Session 9 - Jan 11, 2024 01/11/2024

Web meeting


Working Group Session 8

Video - Price Formation Enhancements Working Group - Nov 16, 2023 11/17/2023

Presentation - Price Formation Enhancements - Nov 16, 2023 11/15/2023

View comments

Web meeting


Working Group Session 7

Video - Price Formation Enhancements Working Group - Oct 25, 2023 10/26/2023

Presentation - Price Formation Enhancements - Oct 25, 2023 10/25/2023

2020-2022 - Ancillary Service Scarcity Event Report 10/26/2023

Draft Market Surveillance Committee Opinion on Scarcity Pricing 11/01/2023

Nov 01, 2010 - Order on Compliance - Scarcity Pricing (ER10-500-000) 11/02/2023

Draft Final Proposal - Scarcity Pricing - Oct 05, 2009 11/02/2023

Web meeting


Working Group Session 6

Video - Price Formation Enhancements Working Group - Oct 12, 2023 10/17/2023

Presentation - Price Formation Enhancement - Oct 12, 2023 10/11/2023

View comments

Web meeting

Working Group Session 5

Video - Price Formation Enhancements Working Group - Sep 27, 2023 09/29/2023

Discussion Paper - Price Formation Enhancements - Sep 21, 2023 09/21/2023

Presentation - Price Formation Enhancements - Sep 27, 2023 09/27/2023

View comments

Web meeting


Working Group Session 4

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

Presentation - Price Formation Enhancements - Sep 14, 2023 09/14/2023

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

View comments


Revised Price Formation Enhancements Overview 09/13/2023

Hybrid meeting

Working Group Session 3

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

Presentation - Price Formation Enhancement - 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

Working Group Session 2

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

Presentation - Price Formation Enhancements - Aug 10, 2023 08/10/2023

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

View comments

Hybrid meeting

Working Group Session 1

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

Presentation - Price Formation Enhancements - Aug 3, 2023 08/02/2023

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

View comments


Price Formation Enhancements Overview 07/17/2023

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