Congestion revenue rights initiative

The Federal Energy Regulatory Commission's (FERC) approval of the February 2006 tariff filing in support of the California ISO's new market design, and several subsequent filings and associated orders, established the policy for Congestion Revenue Rights (CRRs) in the ISO's current market. The ISO has released short-term and long-term CRRs for the start of its new market design through the allocation and auction processes for CRRs that have been in effect since April 1, 2009. The ISO is now conducting both annual and monthly CRR allocation and auction processes for the release of prospective CRRs. Experience with these production related activities has allowed the CAISO to propose new initiatives to further improve our processes as detailed below.