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Background The California ISO (CAISO) recognizes that the current payment calendar takes too long between trade date and market clearing and presenting undue credit risk to market participation. This increased risk may hinder resource availability from out-of-state resources, challenges credit management, and exposes market participants to additional risk in the event of defaults or bankruptcies. The CAISO plans to implement payment acceleration approximately 6 months after the Settlements and Market Clearing System (SaMC) go live. Payment acceleration would provide market clearing on an average of 30 days. Payment acceleration also opens the possibility of other significant settlement improvements, such as providing participants an increased dispute window, and implementing a sunset provision.

Outcome Pending closure of initiative

Process

Archive

Payment Acceleration Whitepaper pdf 66K | Abstract | 06/04/2008 07:57

Payment Acceleration Timeline Example xls 75K | Abstract | 06/02/2008 12:33