Power Resources Board
Retreat
May 29, 2024
1. Level Setting
2. Resource Adequacy
3. Renewable and Carbon-Free Energy and Associated
Emissions
4. CAISO Market Overview
5. Forward Price Review
6. Day-Ahead Price Review
7. Real-Time Price Review
8. Risk Management
9. Appendix
Level Setting
What We Do
Primary Procurement Areas
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Resource Adequacy
Resource Adequacy – Current Framework
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RA Slice of Day
RA Slice of Day and Storage
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Baseload Baseload
Reliability Procurement Mandates
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RA Challenges
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9/1/2021 1/29/2022 6/28/2022 11/25/2022 4/24/2023 9/21/2023 Renewable and Carbon-Free
Energy and Associated
Emissions
Renewable & Carbon-Free Overview
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Emissions: Current Accounting
What is the Power Content Label (PCL)?
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Emissions: Overview of possible changes
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Emissions: Potential Impacts
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CAISO Market Overview
Wholesale Energy Market Products
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California Balancing Authority Areas
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Quack…quack
US Wide Solar and Wind PPA Pricing
Curtailments –Wind and Solar
Curtailments –Solar
CAISO Markets
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Market Flow
Locational Marginal Prices
Locational Marginal Prices
Demand Pricing
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Forward Price Review
How and Why Forward Procurement Occurs
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Day-Ahead Price Review
The Day-Ahead Market of CAISO
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Real-Time Price Review
The Real-Time Markets of CAISO
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Risk Management
Risk Management in Electric Power Industry
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Key Risks
Risk Oversight Committee
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Risk Management: Forwards vs Historical PriceDistribution Appendix
Long Term Renewable Portfolio
Ava’s Long-Term Offtake Agreements
Long-Term Offtake Agreements
Long-Term Resource Adequacy Contracts
Acronym Key
Acronym Definition Acronym Definition
ACS Asset-Controlling Supply EPE Electric Power Entitty CAISO California Independent System Operator FTR Firm Transmission Rights CEC California Energy Commission GEP Guaranteed Energy Production CPUC California Public Utilities Commission GT Green Tariff DR Demand Response HLH High Load Hour
ERRA Energy Resource Recovery Account ICE Intercontinentals Exchange IOU Investor-Owned Utility IEPR Integrated Energy Policy Report IRP Integrated Resource Plan IST Inter-SC Trades (Inter-Scheduling Coordinator Trades) LSE Load-Serving Entity LCOE Levelized Cost of Electricity NCPA Northern California Power Agency LHL Low Load Hour NQC Net Qualifying Capacity LMP Locational Marginal Price PCIA Power Charge Indifference Adjustment LSE Load Serving Entity PCL Power Content Label Mid-C Mid-Columbia (located at Washington-Oregon border) PPA Power Purchase Agreement MRTU Market Redesign and Technology Upgrade PDR Proxy Demand Response NERC North America Electric Reliability Corporation RA Resource Adequacy NOB Nevada-Oregon Border
REC Renewable Energy Credit NP CAISO Zone (standing for Northern Path) RPS Renewable Portfolio Standard OCEI Oakland Clean Energy Initiative SQMD Settlement Quality Meter Data OTCGH OTC Global Holdings ADS Automated Dispatch Signal Pnode Pricing node
APN Aggregated Pricing Node POU Public-Owned Utility
COB California-Oregon Border PSDR Power Source Disclosure Report CRR Congestion Revenue Rights PTO Participating Transmission Owner CS Community Solar RTO Regional Transmission Organizations CUP Conditional Use Permit SC Scheduling Coordinator
DA Direct Access SP CAISO Zone (standing for Southern Path) DAC Disadvantaged Community TO Transmission Owner
DLAP Default Load Aggregation Point UIE Uninstructed Imbalance Energy DLC Departing Load Charges WAPA Western Area Power Administration DRAM Demand Response Auction Mechanism WECC Western Electricity Coordinating Council EFC Effective Flexible Capacity WREGIS Western Renewable Energy Generation Information System ELCC Effecitve Load Carrying Capacity