Key insights

• Policy Initiatives and Scope

  • 📑 Discussion on scope and prioritization of policy initiatives within the ISO
  • 📑 Issues related to outage reporting for storage and hybrid resources
  • 📑 Concerns about off-peak RA imports and their impact on system reliability
  • 📑 Questions about the implications for resource capacity assessment
  • 📑 Participants seeking clarity on the scope of track 2 and requesting guidance on providing prioritization feedback

• Feedback and Policy Tracks

  • 📣 Feedback from stakeholders on outage and substitution, availability incentive mechanisms, and broader backstop reform
  • 📣 Objectives and areas of focus for policy tracks
  • 📣 Improving visibility into resource status
  • 📣 Discussion on capacity procurement mechanism reform
  • 📣 Exploration of potential alternatives to address RSC shortfalls
  • 📣 Stakeholders suggest additional topics for policy development phase
  • 📣 Recognition of potential overlaps between different initiatives

• Resource Assessment and Planning

  • 📊 Resource assessment and planning group's survey results and methodology for filling resource data gaps
  • 📊 Use of detailed zonal model for assessing the 2025 portfolio
  • 📊 Analysis of midterm and long-term data from LSCs
  • 📊 Ongoing coordination efforts with other agencies
  • 📊 Track two outage and substitution initiative aims to reduce inefficiencies and strengthen availability and performance incentives

• Process Improvements and Modeling Efforts

  • 🔄 Improvements to the mick process
  • 🔄 Coordination with regional planning authorities
  • 🔄 Modeling efforts and stakeholder feedback
  • 🔄 Backcasting analysis
  • 🔄 Interdependencies with track 2

• Plan and Coordination for Realistic Energy Solutions

  • 📅 Propose a timeline and processes for resource commitment to the CAISO market
  • 📅 Extend retirement authority for advanced planning and avoid rolling blackouts
  • 📅 Coordinate loss of load expectation modeling with other agencies
  • 📅 Prioritize thoughtful loss of load modeling calibrated for climate change
  • 📅 Reevaluate the flexible RA product and its usefulness for reliability
  • 📅 Coordinate with other agencies for import expectations and capacity procurement

• Impact of Climate Change and Clean Energy Transition

  • 🌍 Reliability planning is challenged by climate change, leading to increased load variability and the impact of clean energy transition on planning processes
  • 🌍 The CAISO plays a crucial role in ensuring reliability and holds key authority over certain elements, such as resource retirement
  • 🌍 The Strategic Reserve and its implications for long-term planning are important considerations
  • 🌍 CAISO is uniquely positioned to provide holistic evaluation and send clear market signals for resource retirement
  • 🌍 Battery storage buildout will significantly impact the resource adequacy and energy markets

• Welcome and Meeting Objectives

  • ⭐ Welcome to resource adequacy modeling and program design working group by ISO representative
  • ⭐ Presentation of different tracks and working group topics
  • ⭐ Seeking feedback and perspectives on the pathway forward and interdependencies
  • ⭐ Parallel efforts in policy and modeling, requiring coordination and implementation plans
  • ⭐ Concerns and recommendations expressed by participants on the coordination of different tracks and processes

Q&A

• What issues are raised and questions posed in the discussion about policy initiatives and scope within the ISO?

  The discussion encompasses the scope and prioritization of policy initiatives within the ISO, issues related to outage reporting for storage and hybrid resources, concerns about off-peak RA imports and their impact on system reliability, as well as seeking clarity on the implications for resource capacity assessment and providing prioritization feedback for track 2.

• What are the main points of the discussion about capacity procurement mechanism reform and RSC shortfalls?

  The discussion focuses on improving visibility into resource status, capacity procurement mechanism reform, exploration of potential alternatives to address RSC shortfalls, and suggestions for additional topics for policy development phase. It also acknowledges potential overlaps between different initiatives.

• What feedback and policy objectives are highlighted in the discussion about outage and substitution?

  Feedback from stakeholders on outage and substitution, availability incentive mechanisms, and broader backstop reform is discussed. The segment also outlines objectives and areas of focus for policy tracks, emphasizing the need to improve visibility, evaluate alternative designs for obtaining backstop capacity, and explore options for addressing identified shortfalls in the extended day-ahead market resource efficiency evaluation.

• What does the resource assessment and planning group's discussion entail?

  The discussion includes survey results, methodology for filling resource data gaps, use of a detailed zonal model for assessing the 2025 portfolio, analysis of midterm and long-term data from LSCs, and ongoing coordination efforts with other agencies. It also introduces the track two outage and substitution initiative aimed at reducing inefficiencies and strengthening incentives for contracted capacity.

• What topics are covered in the discussion about the mick process and track 2 interdependencies?

  The video segment covers improvements to the mick process, coordination with regional planning authorities, modeling efforts, stakeholder feedback, backcasting analysis, and interdependencies with track 2.

• What are the proposed improvements and priorities for resource adequacy planning?

  Proposed improvements include providing transparency for a realistic energy solution with comprehensive modeling, process changes, and stakeholder coordination. Priorities involve forward-looking probabilistic planning, addressing import expectations, and updating planning reserve margins and counting rules.

• What are the key challenges to reliability planning discussed in the video?

  The video highlights challenges to reliability planning due to climate change, including increased load variability and the impact of the clean energy transition. It also emphasizes the significant role of CAISO in ensuring reliability and its authority over certain elements, as well as the implications of the Strategic Reserve for long-term planning.

• What is the purpose of the resource adequacy modeling and program design working group?

  The working group aims to address different tracks and working group topics, seeking feedback and perspectives on the pathway forward and interdependencies between topics. It also aims to coordinate parallel efforts in policy and modeling, requiring implementation plans.

• 00:00 A representative from ISO welcomes participants to a resource adequacy modeling and program design working group. The meeting will address different tracks and working group topics, seeking feedback and perspectives on the pathway forward and interdependencies between topics. Parallel efforts in policy and modeling will require coordination and implementation plans. Some participants express concerns and recommendations related to the coordination of different tracks and processes.
• 21:45 Reliability planning is becoming more challenging due to climate change. The possibility of increased load variability and the impact of clean energy transition on planning processes are key concerns. The CAISO's role in ensuring reliability and its authority over certain elements are significant. The Strategic Reserve and its implications for long-term planning are key considerations. CAISO is uniquely positioned to provide holistic evaluation and to send clear market signals for resource retirement. Battery storage buildout will have significant impacts on the resource adequacy and energy markets.
• 41:15 Plan and provide transparency for a realistic energy solution with comprehensive modeling, process changes, and stakeholder coordination. Address the need for forward-looking probabilistic planning and focus on reliability first. Evaluate import expectations and their impact on capacity procurement.
• 01:02:00 The video segment discusses improvements in the mick process, coordination with regional planning authorities, modeling efforts, stakeholder feedback, backcasting analysis, and interdependencies with track 2.
• 01:23:44 The video segment discusses the resource assessment and planning group's survey results, methodology for filling in remaining resource data gaps, and the use of a detailed zonal model for assessing the 2025 portfolio. It also covers the analysis of midterm and long-term data from LSCs and the ongoing coordination efforts with other agencies. The track two outage and substitution initiative focuses on reducing inefficiencies, increasing incentives for contracted capacity, and strengthening availability and performance incentives.
• 01:47:02 The segment discusses feedback from stakeholders on issues related to outage and substitution, availability incentive mechanisms, and broader backstop reform. It outlines objectives and areas of focus for the policy tracks, highlighting the need to improve visibility, evaluate alternative designs for obtaining backstop capacity, and explore options for addressing identified shortfalls in the extended day-ahead market resource efficiency evaluation.
• 02:11:22 The discussion is focused on visibility, capacity procurement mechanism reform, and potential alternatives to address RSC shortfalls. Stakeholders suggest additional topics for policy development phase in the tracks. The interaction between different initiatives and potential overlaps are noted by the participants.
• 02:33:04 A discussion about the scope and prioritization of policy initiatives within the ISO, including issues related to outage reporting for storage and hybrid resources, off-peak RA imports, and their potential impact on system reliability. There were also concerns about potential inconsistencies in outage reporting and implications for resource capacity assessment. The participants sought clarity on the scope of track 2 and requested guidance on how to provide prioritization feedback.