RSS Feed for Proposed Revision Request - 1190https://bpmcm.caiso.com/_vti_bin/BPM/BPMRssService.svc/PRRRss/1190This is a RSS feed for the BPM Proposed Revision Request - 1190BPM@caiso.comBPMhttps://bpmcm.caiso.com/PRR - 1190Value cannot be null. Parameter name: stream1190-Comm-1774https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Initial Comment for PRR - 1190<b>Description: </b>Powerex Comments PRR 1190 - LMPM Hydro DEB<br /><span style='font-size:11px;color:gray'> -By Mike Benn (Powerex) on Monday, September 23, 2019 12:17:56 PM</span><br /><br /><b>Response: </b>CAISO does not propose any changes to the BPM due to these reasons: Regarding “I. Treatment of Long-Term Transmission Rights In The Calculation Of The Long-Term Geographic Component Of The DEB”. The ISO designed the equations for the weighting of additional hubs to account for the possibility that a resource with a 100 MW Pmax could have rights to sell 100% of that capacity to two different additional hubs. So if a resource has rights to sell 100 MW to NP15 at $40 and rights to sell 100 MW at Mid-C for $10, the maximum in the long-term component would be $40 and fully weighted on the ability to sell to the higher priced hub. Regarding “II. Inclusion Of Alberta As A Relevant Electric Pricing Hub”. The ISO has evaluated the Alberta Flat and Peak index and determined neither index currently meets FERC liquidity requirements detailed at https://elibrary.ferc.gov/idmws/common/opennat.asp?fileID=10297524 If this index meets the liquidity requirements in the future, the CAISO will consider adding Alberta as an additional electric pricing hub. <br /><span style='font-size:11px;color:gray'> -By Batakji, Jamal on Monday, September 30, 2019 3:24:30 PM</span><br /><br />2019-09-30T15:24:30-07:001190-Comm-1793https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Recommendation Comment for PRR - 1190<b>Description: </b>Powerex comment submitted 10/23/19 by Mike Benn Mike.Benn@powerex.com<br /><span style='font-size:11px;color:gray'> -By Payton, Julia on Wednesday, October 23, 2019 11:01:29 AM</span><br /><br />2019-10-23T11:01:29-07:001190-Comm-1794https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Recommendation Comment for PRR - 1190<b>Description: </b>Bonneville would like to better understand the intent of the proposed BPM language that seems to weight the default hub higher than may be appropriate and potentially discounts the contributions from other long-term market hubs that are not as geographically proximate. This proposed weighting outlined in the BPM does not appropriately reflect the opportunity costs faced by Bonneville, or any other market participant, when that market participant has the storage capability and transmission rights to deliver energy either to the default hub, NP-15 or SP-15 (for example – could be these or other hubs in practice) in one or more specified time horizons. Bonneville’s understanding is that Powerex has provided extensive documentation to CAISO that appropriately reflect opportunity costs in the Long Term Component. We have conferred with Powerex on their submission and support the weighting approach their submission describes. If there are any questions or concerns you have for Bonneville regarding that weighting approach, we would be happy to address those with you. Mark Symonds Business Transformation Office Bonneville Power Administration 905 NE 11th Avenue Portland, OR 97232 mcsymonds@bpa.gov <br /><span style='font-size:11px;color:gray'> -By Payton, Julia on Wednesday, October 23, 2019 2:11:47 PM</span><br /><br />2019-10-23T14:11:47-07:001190-Comm-1795https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Recommendation Comment for PRR - 1190<b>Description: </b>EWEB supports the comments submitted by Powerex, BPA, PGP, and others regarding the hydro DEB calculation in PRR 1190. Specifically, EWEB firmly believes that the approach CAISO proposed for weighting prices within the Long Term Component of the hydro DEB will result in a default energy bid that does not accurately or appropriately reflect the opportunity cost of a hydro resource. It is EWEB’s position that Powerex’s interpretation of the tariff is accurate, and EWEB is in full support of Powerex’s documented approach to opportunity cost in the Long Term Component. Should you have any questions regarding the weighting approach described therein, or its impact upon EWEB or similarly situated northwest entities, please feel free to reach out at your convenience. Thank you for your time and attention. Best Regards, Matthew A. Schroettnig | Power Resources Counsel | Eugene Water & Electric Board | (o) 541-685-7496 | (c) 541-913-6065 | (e) matthew.schroettnig@eweb.org | <br /><span style='font-size:11px;color:gray'> -By Payton, Julia on Friday, October 25, 2019 10:47:37 AM</span><br /><br />2019-10-25T10:47:37-07:001190-Comm-1796https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Recommendation Comment for PRR - 1190<b>Description: </b>Seattle City Light supports the comments submitted by Powerex and BPA on CAISO’s LMPM enhancements and the revisions to CAISO’s Business Practice Manual for Market Instruments. In particular, Seattle has concerns with the description of the calculation and the approach proposed by CAISO as it may not appropriately and accurately reflect the true opportunity cost of a hydro resource participating in the EIM, and does not align with the policy intent or the tariff. City Light agrees with Powerex’s interpretation of the tariff and their proposed approach to the weighting of the long-term component of the DEB and believes this accurately reflects a hydro resources opportunity cost and related DEB. If you have any questions, please feel free to reach out. SARAH DAVIS | EIM PROGRAM MANAGER ENERGY INNOVATION AND RESOURCES SEATTLE CITY LIGHT sarah.davis@seattle.gov TEL (206) 684-3148 <br /><span style='font-size:11px;color:gray'> -By Payton, Julia on Friday, October 25, 2019 10:48:09 AM</span><br /><br />2019-10-25T10:48:09-07:001190-Comm-1797https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Recommendation Comment for PRR - 1190<b>Description: </b>Public Generating Pool (PGP) echoes the concerns raised by Powerex, BPA, Seattle and others regarding the hydro DEB calculation in PRR 1190. Specifically, PGP believes the approach proposed for weighting prices within the long-term component of the hydro DEB does not align with the draft tariff language implementing the LMPM initiative and may result in a default energy bid that does not appropriately reflect the opportunity cost of a hydro resource. The draft BPM appears to assume that all of the output that is not sold at a given “additional hub” must be sold at the default hub, regardless of whether the default hub price represents the lowest price amongst other additional hubs. PGP believes the true opportunity cost of a hydro resource with multiple trading hubs is best reflected by calculating the transmission-weighted average price for each pricing term included in the long-term component, as described in the comments submitted by Powerex. PGP thanks CAISO for the opportunity to provide feedback on the draft PRR and we would be happy to answer any questions or discuss further. Lea Fisher, Senior Policy Analyst Public Generating Pool 541-231-5019 lfisher@publicgeneratingpool.com http://www.publicgeneratingpool.com/ <br /><span style='font-size:11px;color:gray'> -By Payton, Julia on Friday, October 25, 2019 10:48:35 AM</span><br /><br />2019-10-25T10:48:35-07:001190-Comm-1798https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Recommendation Comment for PRR - 1190<b>Description: </b>ISO Response to Stakeholder Comments: The ISO will accommodate the changes that were originally requested by PowerEx. Accordingly, the ISO Team is conducting the preliminary analysis of proposed changes. Once the new requirements are approved, the ISO will create a new PRR documenting the new methodology. <br /><span style='font-size:11px;color:gray'> -By Payton, Julia on Wednesday, November 6, 2019 7:45:38 AM</span><br /><br />2019-11-06T08:13:30-08:001190-Recomm-1223https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Recommendation for PRR - 1190<b>Proposed Language: </b><div class="ExternalClassEFFB53D69F9246BC915F0F847DCD5BC1"> <div>No modifications to the original PRR are proposed. </div> </div><br /><b>Apparent Requirement: </b>Local power market mitigation enhancements hydro default energy bid option energy imbalance market transfer limit<br /><b>Priority: </b>N/A<br /><b>Action: </b>Approve the BPM PRR as submitted<br /><b>Effective Date: </b><br /><b>Other Actions: </b>No other recommended actions on this PRR.<br />2019-09-27T09:24:44-07:001190-FD-1156https://bpmcm.caiso.com/pages/viewprr.aspx?IsDlg=1&PRRID=1190Final Decision for PRR - 1190<b>Final Decision: </b>The ISO will adopt the BPM change as proposed in the recommendation.<br /><b>Stakeholder Comment: </b>Comments submitted and CAISO posted responses accordingly<br /><b>Action: </b>Adopt the recommendation as originally issued<br /><b>Effective Date: </b>12/04/2019<br />2019-10-24T14:09:07-07:00