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RELIABILITY COMPENSATION ISSUES (RCI) DECISION PROCESS

This review focuses on identifying and resolving reliability compensation issues in market design, outlining a strategic decision-making process to improve the presence of RCI problems. It addresses the distinction between short-term remedies and long-term infrastructure investments, evaluating the sufficiency of revenue for RCI operations. The text discusses the necessity of policy actions, such as implementing an ISO auction backstop, to ensure an adequate response to RCI requirements. It emphasizes the expected revenue evaluation and market responses, highlighting the importance of making informed decisions regarding long-term infrastructure needs.

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RELIABILITY COMPENSATION ISSUES (RCI) DECISION PROCESS

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  1. RELIABILITY COMPENSATION ISSUES (RCI) DECISION PROCESS Review Market Design and Implement Improvements Presence of RCI Problem After Improvement Long-Term Infrastructure Not Needed Long-Term Infrastructure Needed RCI Revenue Evaluation Expected Long-Term Market Investment Response Adequate Inadequate Adequate Inadequate Sufficient Revenue for RCI Operation Occurs(No Action) Short-Term RCI Remedies(Policy Action Needed) Long-Term Infrastructure Investment Occurs(No Action) ISO Auction Backstop(Policy Action Needed)

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