Requested Client Action:  Information Only

 

Date of Distribution:  April 10, 2006

 

Categories:  Legal and Regulatory, Market Operations, Market Rules and Market Design

 

Subject:  Amendment 72 Requirements and Sanctions for Late Submission

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Summary:  This notice summarizes the requirements imposed by Amendment 72, which addresses Day-Ahead Demand Schedules, Demand Forecasts and weekly reports, and reminds Scheduling Coordinators (SCs) that late submission of the required information will be sanctioned $500 per day beginning the May 16, 2006 Trading Day.

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Main Text:  The California ISO (ISO) Tariff Amendment 72, which was approved by the Federal Energy Regulatory Commission (FERC) on November 21, 2005, requires:

 

What	When
Day-Ahead Schedules must include at least 95% of the SC's forecast Demand for each hour, for each UDC Service Area.  See CAISO Tariff 4.5.4.2.1.1.	With Day-Ahead Schedules.
SCs must submit a Demand Forecast (through their SI Workspace) for each hour of the following Trading Day, for each UDC Service Area.  See CAISO Tariff 31.1.4.1 (first).	10:00 a.m. daily.
SCs must submit reports (to scloadinfo@caiso.com) that compare the SC's forecasted, scheduled, and estimated actual Demand by UDC Service Area for each hour of the past week.  See CAISO Tariff 31.1.4.1 (second).	Sunday HE 24 weekly.  That is, seven days after the end of the week.

 

Additional information about these requirements, including a template for the weekly report, is posted at http://www1.caiso.com/14d8/14d8aabc1af90.html.

 

Sections 37.6.1.1 and 37.6.1.2 of the ISO Tariff Enforcement Protocol require Market Participants to provide information required by the ISO Tariff within the specified deadlines or pay a sanction of $500 for each day the information is late.

 

Beginning with the May 16, 2006 Trading Day (for which Demand Forecasts are due May 15, 2006), the ISO Department of Market Monitoring will issue sanctions under the Enforcement Protocol for failure to submit either the daily Demand Forecasts or the weekly reports that compare forecasted, scheduled, and estimated actual Demand.

 

Although the ISO Tariff does not penalize an SC's failure to schedule 95% of its forecast hourly Demand, the ISO reports on SCs' forecasting performance to the FERC Office of Market Oversight and Investigations.  Failure to meet this requirement may be sanctionable by FERC under market rules.

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For More Information Contact:  For more information, contact your Client Representative or Brad Cooper, DMM, at 916-608-7156 or Bcooper@caiso.com.

 

 

 

The California ISO strives to be a world-class electric transmission organization built around a globally recognized and inspired team providing cost-effective and reliable service, well-balanced energy market mechanisms, and high-quality information for the benefit of our customers.