INITIATIVE:
Reliability demand response resource bidding enhancements

Started: Oct 28, 2021

Leads
Anja Gilbert
Jill Powers

This initiative explores bidding options in three areas: 1) aligning RDRR real-time bidding with FERC Order No. 831; 2) exploring RDRR Minimum Load and Minimum Load Costs; and 3) understanding if modifying the cap of RDRR discrete dispatch options would better reflect RDRR capabilities.

 

Status

Proposal Development Decision Implementation Completed/Closed
Phase 2
Apr 12, 2022 Final proposal posted - track 2
Jul 20, 2022 Board of Governors and WEIM Governing Body approval - track 2
Phase 1
Jan 26, 2022 Draft final proposal posted - track 1
Mar 23, 2022 Tariff amendment filing (ER22-1431)
Mar 16, 2022 ISO Board of Governors and WEIM Governing Body joint approval - track 1
Jun 01, 2022 effective - track 1
Implementation milestones
Completed

Phase 2

Training


Phase 1

Completed

Outcome (Track 1): The ISO implemented, effective June 1, 2022, real-time bidding enhancements of Reliability Demand Response Resources (RDRRs) to align RDRR bidding rules with real-time price conditions consistent with FERC Order No. 831 by requiring that RDRRs must bid at least 95% of the hard energy bid cap ($1,900/MWh) when specific conditions are satisfied to raise the energy bid cap to $2,000/MWh. Through this initiative, the ISO has updated the bidding rules in Scheduling Infrastructure and Business Rules (SIBR) to automatically adjust the submitted RDRR bids based on the change in energy bid cap by maintaining the percentage of the bid cap originally submitted by the Scheduling Coordinator. This automatic adjustment occurs after the market close and will only apply if no action is taken by the close of each hour’s real-time market by the Scheduling Coordinator. It preserved the existing bidding structure for RDRRs when the $1,000/MWh soft energy bid cap is in place. It maintains that, in the real-time market, RDRRs are treated as emergency response resources with limited availability and are only released for dispatch when an Energy Emergency Alert Stage-2 (EEA2) notice is issued.

Tariff revisions (track 2)


Revised Draft Tariff Language - Track 2 - Reliability Demand Response Resource Bidding Enhancements


Notice of Decisional Classification - Reliability Demand Response Resource Bidding Enhancements Track 2 initiative

Web meeting (track 2)


Presentation - Reliability Demand Response Resource Bidding Enhancements - Track 2 - Apr 18, 2022

Final Proposal - Reliability Demand Response Resource Bidding Enhancements - Track 2

Draft Tariff Language - Reliability Demand Response Resource Bidding Enhancements - Track 2

Tariff amendment (track 1)


Training (track 1)


Web meeting (track 2)


Draft Final Proposal - Reliability Demand Response Resource Bidding Enhancements - Track 2

Presentation - Reliability Demand Response Resource Bidding Enhancements (Track 2) - Mar 16, 2022

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Notice of Decisional Classification - Reliability Demand Response Resource Bidding Enhancements

Web meeting (track 1)


Draft Tariff Language - Track 1 - Reliability Demand Response Resource Bidding Enhancements

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Web meeting (track 1)


Presentation - Reliability Demand Response Resource Bidding Enhancements - Feb 2, 2022.pdf

Draft Final Proposal - Reliability Demand Response Resource Bidding Enhancements - Track 1

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Web meeting (track 2)


Presentation - Reliability Demand Response Resource Bidding Enhancements - Feb 2, 2022

Second Revised Straw Proposal - Reliability Demand Response Resource Bidding Enhancements - Track 2

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Web meeting


Presentation - Reliability Demand Response Resource Bidding Enhancements - Dec 22, 2021

Revised Straw Proposal - Reliability Demand Response Resource Bidding Enhancements

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Web meeting


Comments Template Supplement - Options for SIBR Handling Real-Time Market Reliability Demand Response Resource Energy Bids

Presentation - Reliability Demand Response Resource Bidding Enhancements - Nov 4, 2021

Issue Paper and Straw Proposal - Reliability Demand Response Resource Bidding Enhancements

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