Proposed Revision Request Detail Help
PRR Life Cycle*******Final Decision**
PRR Details
PRR #
1294
Title Update settlements configuration guides to implement day ahead nodal pricing model initiative
Date Submitted 10/28/2020 12:16 PM
PRR Category B
Priority Normal
Owner Corona, Brenda (CAISO)
Status Final Decision
Status End Date 1/5/2021 11:59 PM
Related BPM Settlements and Billing
BPM Section CG CC 6011 Day Ahead Energy, Congestion, Loss Settlement v5.5
CG CC 6790 CRR Balancing Account v5.5
CG CC 6947 IFM Marginal Losses Surplus Credit Allocation v5.2
CG CC 6630 IFM Bid Cost Recovery Settlement v5.2
CG CC 6636 IFM Bid Cost Recovery Tier1 Allocation v5.4a
CG CC 6637 IFM Bid Cost Recovery Tier2 Allocation v5.2
CG CC 4515 GMC Bid Transaction Fee v5.6
CG CC 4560 GMC Market Services Charge v5.5
CG CC 4575 GMC Scheduling Coordinator ID Charge v5.0d
CG PC NPM Pre-calculation v5.0
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Existing Language
 

See BPM attached to this PRR

Proposed Language
 

See BPM attached to this PRR

Reason For Revision
 

ISO was to requested to provide a high-level design proposal for a Nodal Pricing Model (NPM) that can be used to clear energy supply and demand bids for an existing Balancing Authority Area (BAA) one day ahead, in addition to the existing Energy Imbalance Market.

The ISO proposed to leverage its existing Day-Ahead Market (DAM) technology platform, full network model, and data interfaces available in the real-time Energy Imbalance Market (EIM) to provide to EIM Merchants with Day Ahead Nodal Pricing Model. The ISO will provide any participant that elect to utilize Day-Ahead NPM, advisory settlement of Day Ahead Energy and Ancillary Service Schedules.

 

The updated and new configuration guides supports this advisory settlement feature of the initiative.

 

The ISO anticipates implementation of the BPM changes on or about 12/16/2020, with an effective Trade Date of 1/1/2021.
Click here to view the Recommendation Details for this PRR
BPM PRR Submitter

Corona, Brenda (CAISO)
Modified BPM language proposed by the PBM Chnage Management Coordinator

The ISO proposes no modified BPM language beyond that proposed in the BPM PRR.
Identification of the authorship of comments

No comments were received.
Action

Approve the BPM PRR as submitted

NA
Statement of apparent requirements of the BPM PRR

This BPM PRR contains basic language changes.
Priority and rank for any BPM PRR requiring a CAISO system change

There are system changes associated with this PRR. The system changes are planned for implementation on 12/15/2020 on a normal basis.
Proposed effective date(s) of the BPM PRR

The ISO proposes an effective date of 1/1/2021 for the BPM revisions.
Other recommended actions

The ISO does not recommend any other actions on this BPM PRR.
Click here to view the Final Decision for this PRR
Final Decision

The ISO will adopt the BPM change as proposed in the recommendation.
Stakeholder Comment

 No comments submitted.

Effective Date

1/1/2021
Action

Adopt the recommendation as originally issued

None
Announcements
No Announcements has been posted for this PRR.
Impact Analysis
Initial Comments
No Initial Comments available for this PRR.
Recommendation Comments
No Recommendation Comments available for this PRR.
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