OBDRR #15 · Revision Request
OBDRR015 Linking of VOLL to the Effective SWCAP
Created2019-05-22
Approved2019-06-11
Sections Affected
Methodology for Implementing Operating Reserve Demand Curve (ORDC) to Calculate Real-Time Reserve Price Adder
Summary
This Other Binding Document Revision Request (OBDRR) modifies the Value of Lost Load (VOLL) to be set equal to the System-Wide Offer Cap (SWCAP). This would result in VOLL changing from the High System-Wide Offer Cap (HCAP) to the Low System-Wide Offer Cap (LCAP) should the Peaker Net Margin (PNM) exceed the PNM threshold within an annual Resource adequacy cycle.
Timeline
- May 15 '19
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May 22 '19
TAC TAC MeetingTACRecommended for Approval Recommended for approval“To recommend approval of OBDRR015 as submitted” — Passed→ Board for consideration
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Jun 11 '19
BOARD Board of Directors MeetingBOARDApproved Approved“To approve OBDRR015 as recommended by TAC in the 5/22/19 TAC Report” — Passed