FEDERAL ENERGY REGULATORY COMMISSION
WASHINGTON, D.C. 20426
OFFICE OF ENERGY MARKET REGULATION
New York Independent System
Operator, Inc.
Docket No. ER13-298-000
Issued: 1/4/13
New York Independent System Operator, Inc.
10 Krey Boulevard
Rensselaer, NY 12144
Attention: James Sweeney, Attorney
Reference: Proposed Amendments to Market Power Mitigation Measures Dear Mr. Sweeney:
On November 2, 2012, you filed, on behalf of the New York Independent System
Operator, Inc. (NYISO), proposed amendments to its Market Administration and Control
Area Services Tariff (Services Tariff) that provide for the incremental removal of the
$2.52 reference level cap1 on 10-Minute Non-Synchronized reserves and the bid limit of
$0/MWh2 on New York City (NYC) Day-Ahead Market (DAM) Spinning Reserves after
evaluation of the impact of these changes on market power and price convergence
between the DAM and Real-Time Market (RTM) by the Market Monitoring Unit
(MMU). In this filing, NYISO proposes to implement the first step in the process by
increasing the reference level cap on 10-Minute Non-Synchronized reserves to
$5.00/MWh and the bid limit on NYC DAM Spinning Reserves to $5.00/MWh or less.
NYISO also proposes to submit further informational compliance filings to change and/or
eliminate the reference level cap and bid limits altogether following evaluation of the
competitiveness of the markets by the MMU as the limits are increased.
Pursuant to the authority delegated to the Director, Division of Electric Power
Regulation - East, under 18 C.F.R. § 375.307, your submittal is accepted for filing,
1 Services Tariff § 23.3.1.4.5.
2 Services Tariff § 23.5.3.3.
Docket No. ER13-298-0002
effective January 22, 2012, as requested.
The filing was noticed on November 5, 2012, with comments, interventions, and protests due on or before November 23, 2012. Pursuant to Rule 214 (18 C.F.R. §
385.214 (2012)), to the extent that any timely filed motions to intervene and any motion to intervene out-of-time were filed before the issuance date of this order, such
interventions are granted. Granting late interventions at this stage of the proceeding will not disrupt the proceeding or place additional burdens on existing parties.
This acceptance for filing shall not be construed as constituting approval of the referenced filing or of any rate, charge, classification, or any rule, regulation, or practice affecting such rate or service contained in your filing; nor shall such acceptance be
deemed as recognition of any claimed contractual right or obligation associated
therewith; and such acceptance is without prejudice to any findings or orders which have been or may hereafter be made by the Commission in any proceeding now pending or hereafter instituted by or against NYISO.
This order constitutes final agency action. Requests for rehearing by the
Commission may be filed within 30 days of the date of issuance of this order, pursuant to
18 C.F.R. § 385.713.
Sincerely,
Jignasa Gadani, Director Division of Electric Power Regulation - East
FEDERAL ENERGY REGULATORY COMMISSION
WASHINGTON, D.C. 20426
OFFICE OF ENERGY MARKET REGULATION
In Reply Refer To:
New York Independent System Operator, Inc.
Docket No. ER13-298-000
Issued: 1/8/13
James Sweeney
New York Independent System Operator, Inc.
10 Krey Boulevard
Rensselaer, NY 12144
Reference: Errata to Letter Order Issued on January 4, 2013 Regarding Amendments to
Market Power Mitigation Measures
Dear Mr. Sweeney:
On January 4, 2013, the Commission issued a delegated letter order in the above captioned docket accepting revisions to the New York Independent System Operator’s Services Tariff. The letter order inadvertently granted an effective date of January 22, 2012. This errata notice corrects the effective date to read January 22, 2013.
Sincerely,
Jignasa Gadani, Director Division of Electric Power Regulation - East
