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HomeMy WebLinkAbout20240222Quarterly Report.pdfLISA O’HARA Corporate Counsel lo’hara@idahopower.com February 22, 2024 Ms. Monica Barrios-Sanchez Secretary Idaho Public Utilities Commission PO Box 83720 Boise, ID 83720-0074 Re: Case No. IPC-E-16-19 Deferral and Recovery of Costs Associated with Participation in Energy Imbalance Market – California Independent System Operator (“CAISO”) Quarterly Energy Imbalance Market (“EIM”) Benefits Assessment Report Dear Ms. Monica Barrios-Sanchez: Pursuant to Order No. 33706 issued in Case No. IPC-E-16-19, Idaho Power Company (“Idaho Power” or “Company”) hereby submits the quarterly CAISO Western EIM Benefits Report (“Report”) for the fourth quarter of 2023. The Report presents CAISO’s quantification of benefits associated with participation in the Western EIM. For the fourth quarter of 2023, CAISO estimated Western EIM gross benefits of $9.47 million for Idaho Power. The EIM has provided financial benefits to the Company, and ultimately its customers. However, as discussed in Idaho Power’s prior quarterly compliance filings as well as the Company’s May 24, 2019, Report of EIM Benefits and Costs of Participation, CAISO’s calculation of benefits for Idaho Power is overstated due to several of the modeling assumptions used in its benefit calculation. The Company developed a more precise methodology, that uses inputs specific to Idaho Power, for determining actual EIM benefits, the details of which are discussed in the Company’s May 24, 2019, Report of EIM Benefits and Costs of Participation. If you have any questions regarding this report, please contact Matt Larkin, Revenue Requirement Senior Manager, at (208) 388-2461 or mlarkin@idahopower.com. Sincerely, Lisa J. O’ Hara Enclosure RECEIVED Thursday, February 22, 2024 11:52:32 AM IDAHO PUBLIC UTILITIES COMMISSION WESTERN ENERGY IMBALANCE MARKET BENEFITS REPORT Fourth Quarter 2023 Prepared by: Market Performance and Advanced Analytics January 31, 2024 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 2 of 38 CONTENTS EXECUTIVE SUMMARY ......................................................................................................... 3 BACKGROUND ...................................................................................................................... 4 WEIM ECONOMIC BENEFITS IN Q4 2023 ......................................................................... 4 CUMULATIVE ECONOMIC BENEFITS SINCE INCEPTION.......................................................... 5 INTER-REGIONAL TRANSFERS ............................................................................................. 6 WHEEL-THROUGH TRANSFERS ............................................................................................ 8 REDUCED RENEWABLE CURTAILMENT AND GHG REDUCTIONS .................................. 13 FLEXIBLE RAMPING PROCUREMENT DIVERSITY SAVINGS ............................................ 15 CONCLUSION ...................................................................................................................... 16 APPENDIX 1: GLOSSARY OF ABBREVIATIONS ................................................................ 17 APPENDIX 2: WEIM TRANSFER VOLUME (MWH) .............................................................. 18 APPENDIX 3: MINIMUM & MAXIMUM FLEXIBLE RAMPING REQUIREMENTS................... 34 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 3 of 38 EXECUTIVE SUMMARY This report presents the benefits associated with participation in the Western Energy Imbalance Market (WEIM). The measured benefits of participation in the WEIM include cost savings, increased integration of renewable energy, and improved operational efficiencies including the reduction of the need for real-time flexible reserves. The WEIM also provides significant reliability benefits by enhancing situational awareness and supporting access to surplus renewable energy across a broader western footprint. Q4 2023 Gross Benefits by Participant (entry year) ($ millions) Arizona Public Service (2016) $11.13 AVANGRID (2023) $6.64 Avista (2022) $4.30 Balancing Authority of Northern California (2019) $73.12 Bonneville Power Administration (2022) $9.68 California ISO (2014) $25.40 El Paso Electric (2023) $4.00 Idaho Power Company (2018) $9.47 Los Angeles Dept. of Water & Power (2021) $39.10 NV Energy (2015) $22.46 NorthWestern Energy (2021) $7.57 PacifiCorp (2014) $50.46 Portland General Electric (2017) $11.58 Public Service Company New Mexico (2021) $6.17 Puget Sound Energy (2016) $15.17 Powerex (2018) $43.96 Seattle City Light (2020) $3.65 Salt River Project (2020) $22.03 Tacoma Power (2022) $2.80 Tucson Electric Power (2022) $5.90 Turlock Irrigation District (2021) $1.06 WAPA Desert Southwest Region (2023) $16.17 Total $391.82 Gross benefits from WEIM since November 2014 $5.05 billion ECONOMICAL $391.82 M Gross benefits realized due to more efficient inter-and intra- regional dispatch in the Fifteen- Minute Market (FMM) and Real- Time Dispatch (RTD)* ENVIRONMENTAL 21,349 Metric tons of CO2** avoided curtailments OPERATIONAL 58% Average reduction in flexibility reserves across the footprint 2023 Q4 BENEFITS WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 4 of 38 This analysis demonstrates the benefit of economic dispatch in the real time market across a larger WEIM footprint with diverse resources and geography. *WEIM Quarterly Benefit Report Methodology: https://www.westerneim.com/Documents/EIM-BenefitMethodology.pdf. **The GHG emission reduction reported is associated with the avoided curtailment only. The current market process and counterfactual methodology cannot differentiate the GHG emissions resulting from serving ISO load via the WEIM versus dispatch that would have occurred external to the ISO without the WEIM. For more details, see http://www.caiso.com/Documents/GreenhouseGasEmissionsTrackingReport-FrequentlyAskedQuestions.pdf BACKGROUND The WEIM began financially binding operation on November 1, 2014, by optimizing resources across the ISO and PacifiCorp Balancing Authority Areas (BAAs). Since then, the WEIM has continued to grow and now includes 22 market participants and represents nearly 80% of the demand for electricity in the Western interconnection. Today, the WEIM footprint includes portions of Arizona, California, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming, Texas and extends to the border with Canada. WEIM ECONOMIC BENEFITS IN Q4 2023 Table 2 shows the estimated WEIM gross benefits by each region per month1. The monthly savings presented show $133.36 million for October, $149.85 million for November and $108.61 million for December with a total estimated benefit of $391.82 million for this quarter2. This level of WEIM benefits accrued from having additional WEIM areas participating in the market and economical transfers displacing more expensive generation. 1 The WEIM benefits reported here are calculated based on available data. Intervals without complete data are excluded in the calculation. The intervals excluded due to unavailable data are normally within a few percent points of the total intervals. 2 For several quarterly estimates, CAISO benefits were calculated on a variation of the counterfactual methodology. For CAISO only the logic had considered offline resources as part of the bid stack in the counterfactual. In Q4 2021, CAISO identified some questionable results that drove persistent negative benefits for CAISO when considering offline resources. Since Q4 2021, the benefit calculation for CAISO area follows the same methodology applicable to all WEIM entities in which only online resources are used. WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 5 of 38 Region October November December Total APS $5.06 $3.92 $2.15 $11.13 AVRN $2.96 $1.75 $1.93 $6.64 AVA $2.37 $1.17 $0.76 $4.30 BANC $9.09 $42.44 $21.59 $73.12 BPA $6.01 $2.25 $1.42 $9.68 CISO $10.69 $9.86 $4.85 $25.40 EPE $2.54 $0.74 $0.72 $4.00 IPCO $4.27 $3.40 $1.80 $9.47 LADWP $11.99 $15.98 $11.13 $39.10 NVE $9.40 $6.29 $6.77 $22.46 NWMT $2.76 $3.07 $1.74 $7.57 PAC $15.74 $14.97 $19.75 $50.46 PGE $4.99 $3.08 $3.51 $11.58 PNM $1.74 $2.61 $1.82 $6.17 PSE $2.82 $4.75 $7.60 $15.17 PWRX $20.87 $16.50 $6.59 $43.96 SCL $1.20 $1.12 $1.33 $3.65 SRP $7.76 $7.58 $6.69 $22.03 TPWR $1.10 $0.90 $0.80 $2.80 TEP $2.08 $2.58 $1.24 $5.90 TID $0.34 $0.45 $0.27 $1.06 WALC $7.58 $4.44 $4.15 $16.17 Total $133.36 $149.85 $108.61 $391.82 TABLE 1: Q4 2023 benefits in millions USD CUMULATIVE ECONOMIC BENEFITS SINCE INCEPTION Since the start of the WEIM in November 2014, the cumulative economic benefits of the market have totaled $5.05 billion. The quarterly benefits have grown over time as a result of the participation of new BAAs, which results in benefits for both the individual BAA but also compounds the benefits to adjacent BAAs through additional transfers. The ISO began publishing quarterly WEIM benefit reports in April 2015.3 Graph 1 illustrates the gross economic benefits of the WEIM by quarter for each participating BAA. 3 Prior reports are available at https://www.westerneim.com/Pages/About/QuarterlyBenefits.aspx WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 6 of 38 GRAPH 1: Cumulative economic benefits for each quarter by BAA INTER-REGIONAL TRANSFERS A significant contributor to WEIM benefits is transfers across balancing areas, providing access to lower cost supply, while factoring in the cost of compliance with greenhouse gas (GHG) emissions regulations when energy is transferred into the ISO. As such, the transfer volumes are a good indicator of a portion of the benefits attributed to the WEIM. Transfers can take place in both the 15-Minute Market and Real-Time Dispatch (RTD). Generally, transfer limits are based on transmission and interchange rights that participating balancing authority areas make available to the WEIM, with the exception of the PacifiCorp West (PACW) -ISO transfer limit and the Portland General Electric (PGE) -ISO transfer limit in RTD. These RTD transfer capacities between PACW/PGE and the ISO are determined based on the allocated dynamic transfer capability driven by system operating conditions. This report does not quantify a BAA’s opportunity cost that the utility considered when using its transfer rights for the WEIM. Appendix 2 provides the 15-minute and 5-minute WEIM transfer volumes with base schedule transfers excluded. The WEIM entities submit inter-BAA transfers in their base schedules. The benefits quantified in this report are only attributable to the transfers that occurred through the WEIM. The benefits do not include any transfers attributed to transfers submitted in the base schedules that are scheduled prior to the start of the WEIM. The transfer from BAA_x to BAA_y and the transfer from BAA_y to BAA_x are separately reported. For example, if there is a 100 Megawatt-Hour (MWh) transfer during a 5-minute interval, in addition to a base transfer from ISO to NVE, it will be reported as 100 MWh from_BAA ISO to_BAA NEVP, and 0 MWh from_BAA NEVP to_BAA ISO in the opposite WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 7 of 38 direction. The 15-minute transfer volume is the result of optimization in the 15-minute market using all bids and base schedules submitted into the WEIM. The 5-minute transfer volume is the result of optimization using all bids and base schedules submitted into WEIM, based on unit commitments determined in the 15-minute market optimization. GRAPH 2: WEIM transfer WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 8 of 38 WHEEL-THROUGH TRANSFERS As the footprint of the WEIM grows, wheel-through transfers may become more common. In order to derive the wheel-through transfers for each WEIM BAA, the ISO uses the following calculation for every real-time interval dispatch:  Total import: summation of transfers above base transfers coming into the WEIM BAA under analysis  Total export: summation of all transfers above base transfers going out of the WEIM BAA under analysis  Net import: the maximum of zero or the difference between total imports and total exports  Net export: the maximum of zero or the difference between total exports and total imports  Wheel-through: the minimum of the WEIM transfers into (total import) or WEIM transfer out (total export) of a BAA for a given interval All wheel-through transfers are summed over both the month and the quarter. Currently, a WEIM entity facilitating a wheel through receives no direct financial benefit for facilitating the wheel; only the sink and source directly benefit. As part of the WEIM Consolidated Initiatives stakeholder process, the ISO committed to monitoring the wheel through volumes to assess whether, after the addition of new WEIM entities, there is a potential future need to pursue a market solution to address the equitable sharing of wheeling benefits. The ISO will continue to track the volume of wheel-through transfers in the WEIM market in the quarterly reports. This volume reflects the total wheel-through transfers for each WEIM BAA, regardless of the potential paths used to wheel through. The net imports and exports estimated in this section reflect the overall volume of net imports and exports; in contrast, the imports and exports provided in Table 2 reflect the gross transfers between two WEIM BAAs. The metric is measured as energy in MWh for each month and the corresponding calendar quarter, as shown in Tables 3 through 6 and Graphs 3 through 6. BAA Net Export Net Import Wheel Through AVA 45,865 126,051 58,800 AVRN 179,807 47,755 29,443 AZPS 361,407 121,086 379,452 BANC 19,787 389,790 1,234 BPAT 84,096 294,891 119,752 CISO 1,403,521 735,579 1,140,739 EPE 205,328 43,308 316 IPCO 110,234 352,011 160,259 LADWP 86,025 327,256 109,421 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 9 of 38 TABLE 2: Estimated wheel-through transfers in Q4 2023 GRAPH 3: Estimated wheel-through transfers in Q4 2023 BAA Net Export Net Import Wheel Through AVA 12,796 41,650 32,312 AVRN 66,863 11,734 9,369 AZPS 146,351 62,703 112,429 BANC 6,752 137,028 0 BPAT 18,063 142,310 30,546 CISO 511,291 301,685 373,505 NEVP 417,152 114,315 224,859 NWMT 109,402 33,466 39,210 PACE 538,108 254,440 139,877 PACW 212,850 178,698 292,674 PGE 107,557 179,717 90,363 PNM 200,096 59,280 84,317 PSEI 120,469 158,052 92,020 PWRX 685 1,266,745 7,287 SCL 31,965 48,310 19,771 SRP 629,470 299,820 9,697 TEPC 310,665 86,209 115,989 TIDC 36,755 21,642 - TPWR 16,563 37,120 15,277 WALC 31,029 83,293 397,957 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 10 of 38 EPE 123,837 9,865 1 IPCO 43,614 101,205 76,948 LADWP 19,872 124,216 41,524 NEVP 170,495 25,077 101,918 NWMT 31,331 14,891 10,198 PACE 210,941 52,534 65,706 PACW 44,626 80,531 109,804 PGE 34,153 55,496 38,155 PNM 58,112 30,004 28,274 PSEI 35,680 51,355 36,028 PWRX 496 396,345 3,478 SCL 13,914 9,619 4,816 SRP 181,905 116,273 7,433 TEPC 110,840 44,063 86,232 TIDC 9,631 10,565 - TPWR 4,445 15,732 2,733 WALC 6,306 27,435 193,047 TABLE 3: Estimated wheel-through transfers in October 2023 GRAPH 4: Estimated wheel-through transfers in October 2023 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 11 of 38 BAA Net Export Net Import Wheel Through AVA 12,098 45,751 17,122 AVRN 51,857 18,006 11,350 AZPS 115,500 35,453 162,505 BANC 1,775 148,213 1,234 BPAT 40,222 77,964 38,252 CISO 548,124 182,564 360,665 EPE 33,586 12,481 - IPCO 31,743 128,173 45,183 LADWP 22,033 108,662 30,452 NEVP 102,862 41,635 74,896 NWMT 42,333 8,557 12,040 PACE 172,272 109,568 39,979 PACW 73,663 53,556 93,058 PGE 27,815 69,287 29,725 PNM 72,212 16,005 31,916 PSEI 46,929 41,354 27,368 PWRX 107 414,765 1,196 SCL 8,641 22,611 8,924 SRP 184,270 117,339 2,034 TEPC 103,980 21,050 4,962 TIDC 12,133 6,525 - TPWR 3,868 13,353 9,360 WALC 11,384 26,535 91,663 TABLE 4: Estimated wheel-through transfers in November 2023 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 12 of 38 GRAPH 5: Estimated wheel-through transfers in November 2023 BAA Net Export Net Import Wheel Through AVA 20,971 38,649 9,366 AVRN 61,087 18,015 8,723 AZPS 99,556 22,930 104,518 BANC 11,260 104,550 - BPAT 25,811 74,617 50,953 CISO 344,106 251,329 406,569 EPE 47,905 20,962 315 IPCO 34,878 122,633 38,128 LADWP 44,121 94,377 37,445 NEVP 143,795 47,602 48,044 NWMT 35,737 10,018 16,972 PACE 154,896 92,338 34,193 PACW 94,561 44,611 89,812 PGE 45,589 54,935 22,483 PNM 69,771 13,271 24,127 PSEI 37,859 65,343 28,624 PWRX 82 455,634 2,613 SCL 9,409 16,081 6,031 SRP 263,295 66,208 230 TEPC 95,845 21,097 24,795 TIDC 14,991 4,552 - TPWR 8,249 8,036 3,184 WALC 13,338 29,323 113,247 TABLE 5: Estimated wheel-through transfers in December 2023 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 13 of 38 GRAPH 6: Estimated wheel-through transfers in December 2023 REDUCED RENEWABLE CURTAILMENT AND GHG REDUCTIONS The WEIM benefit calculation includes the economic benefits that can be attributed to avoided renewable curtailment within the ISO footprint. If not for energy transfers facilitated by the WEIM, some renewable generation located within the ISO would have been curta iled via either economic or exceptional dispatch. The total avoided renewable curtailment volume in MWh for Q4 2023 was calculated to be 22,593 MWh (October) + 19,573 MWh (November) + 7,714 MWh (December) = 49,880 MWh total. There are environmental benefits of avoided renewable curtailment as well. Under the assumption that avoided renewable curtailments displace production from other resources at a default emission rate of 0.428 metric tons CO2/MWh, avoided curtailments displaced an estimated 21,349 metric tons of CO2 for Q4 2023. Avoided renewable curtailments also may have contributed to an increased volume of renewable credits that would otherwise have been unavailable. This report does not quantify the additional value in dollars associated with this benefit. Total estimated reductions in the curtailment of renewable energy in the ISO footprint, along with the associated reductions in CO2, are shown in Table 7. Year Quarter MWh Eq. Tons CO2 1 8,860 3,792 2015 2 3,629 1,553 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 14 of 38 3 828 354 4 17,765 7,521 1 112,948 48,342 2016 2 158,806 67,969 3 33,094 14,164 4 23,390 10,011 1 52,651 22,535 2017 2 67,055 28,700 3 23,331 9,986 4 18,060 7,730 1 65,860 28,188 2018 2 129,128 55,267 3 19,032 8,146 4 23,425 10,026 1 52,254 22,365 2019 2 132,937 56,897 3 33,843 14,485 4 35,254 15,089 1 86,740 37,125 2020 2 147,514 63,136 3 37,548 16,071 4 39,956 17,101 2021 1 76,147 32,591 2 109,059 46,677 3 23,042 9,862 4 38,044 16,283 2022 1 94,168 40,304 2 118,352 50,655 3 42,468 18,176 4 25,609 10,960 2023 1 53,002 22,685 2 148,938 63,745 3 60,113 25,728 4 49,880 21,349 Total 2,162,730 925,568 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 15 of 38 TABLE 6: Total reduction in curtailment of renewable energy and associated reductions in CO2 FLEXIBLE RAMPING PROCUREMENT DIVERSITY SAVINGS The WEIM facilitates procurement of flexible ramping capacity in the FMM to address variability that may occur in the RTD. Because variability across different BAAs may happen in opposite directions, the flexible ramping requirement for the entire WEIM footprint can be less than the sum of individual BAA’s requirements. This difference is known as flexible ramping procurement diversity savings. Starting in 2016, the ISO replaced the flexible ramping constraint with flexible ramping products that provide both upward and downward ramping. The minimum and maximum flexible ramping requirements for each BAA and for each direction are listed in Appendix 3: Minimum & Maximum Ramping Requirements. The flexible ramping procurement diversity savings for all the intervals averaged over the month are shown in Table 7. The percentage savings is the average MW savings divided by the sum of the individual BAA requirements. October November December Direction Up Down Up Down Up Down Average MW saving 1,746 1,924 1,705 1,848 1,668 1,824 Sum of BAA requirements 3,196 3,160 3,128 2,995 3,082 3,026 Percentage savings 55% 61% 55% 62% 54% 60% Table 7: Flexible ramping procurement diversity savings in Q4 2023 Flexible ramping capacity may be used in RTD to handle uncertainties in the future interval. The RTD flexible ramping capacity is prorated to each BAA. Flexible ramping surplus MW is defined as the awarded flexible ramping capacity in RTD minus its share, and the flexible ramping surplus cost is defined as the flexible ramping surplus MW multiplied by the flexible ramping WEIM-wide marginal price. A positive flexible ramping surplus MW is the capacity that a BAA provided to help other BAAs, and a negative flexible ramping surplus MW is the capacity that a BAA received from other BAAs. The WEIM dispatch cost for a BAA with positive flexible ramping surplus MW is increased because some capacities are used to help other BAAs. The flexible ramping surplus cost is subtracted from the BAA’s WEIM dispatch cost to reflect the true dispatch cost of a BAA. Please see the Benefit Report Methodology for more details. WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 16 of 38 CONCLUSION Using state-of-the-art technology to find and deliver low-cost energy to meet real-time demand, the WEIM demonstrates that utilities can realize financial and operational benefits through increased coordination and optimization. The WEIM provides significant reliability benefits by enhancing situational awareness and supporting access to surplus energy across a broader western footprint. In addition to these benefits, the WEIM provides significant environmental benefits through the reduction of renewable curtailments during periods of oversupply. Sharing resources across a larger geographic area reduces greenhouse gas emissions by using renewable generation that otherwise would have been turned off. The quantified environmental benefits from avoided curtailments of renewable generation from 2015 to-date reached 925,568 metric tons of CO2, roughly the equivalent of avoiding the emissions from 194,597 passenger cars driven for one year. WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 17 of 38 APPENDIX 1: GLOSSARY OF ABBREVIATIONS Abbreviation Description APS Arizona Public Service AVA Avista Utilities AVRN Avangrid BAA Balancing Authority Area BANC Balancing Authority of Northern California BPA Bonneville Power Administration CISO, ISO California ISO EIM Energy Imbalance Market EPE El Paso Electric FMM Fifteen Minute Market GHG Greenhouse Gas IPCO Idaho Power LADWP Los Angeles Department of Water and Power MW Megawatt MWh Megawatt-Hour NVE NV Energy NWMT NorthWestern Energy PAC PacifiCorp PACE PacifiCorp East PACW PacifiCorp West PGE Portland General Electric PNM Public Service Company of New Mexico PSE Puget Sound Energy PWRX Powerex RTD Real Time Dispatch SCL Seattle City Light SRP Salt River Project TEP Tucson Electric Power TID Turlock Irrigation District TPWR Tacoma Power WALC Western Area Power Administration Desert Southwest WEIM Western Energy Imbalance Market WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 18 of 38 APPENDIX 2: WEIM Transfer Volume (MWh) Month From BAA To BAA 15min WEIM transfer (15m – base) 5min WEIM transfer (5m – base) AVA AVRN 1,720 1,911 October AVA BPAT 35,646 31,576 AVA CISO 0 0 AVA IPCO 3,482 4,620 AVA NWMT 2,747 4,004 AVA PACW 4,526 2,997 AVA PGE 0 0 AVA PSEI 38 0 AVA SCL 0 0 AVA TPWR 0 0 AVRN AVA 2,618 2,304 AVRN BPAT 34,793 31,186 AVRN PACW 25,663 28,546 AVRN PGE 13,669 10,487 AVRN SCL 5,812 3,710 AZPS CISO 163,231 179,952 AZPS EPE 840 0 AZPS LADWP 42,232 19,515 AZPS NEVP 0 0 AZPS PACE 42,329 30,249 AZPS PNM 22,745 21,887 AZPS SRP 6,632 4,211 AZPS TEPC 1,311 8 October AZPS WALC 6,649 2,958 BANC BPAT 0 0 BANC CISO 5,129 6,669 BANC TIDC 402 83 BPAT AVA 3,395 2,351 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 19 of 38 BPAT AVRN 2,209 2,569 October BPAT BANC 0 0 BPAT CISO 3,358 6,852 BPAT IPCO 3,407 477 BPAT LADWP 0 0 BPAT NEVP 0 0 BPAT NWMT 6,073 1,564 BPAT PACW 4,756 943 BPAT PGE 9,793 8,517 BPAT PSEI 13,267 15,324 BPAT PWRX 7,930 0 BPAT SCL 1,121 665 BPAT TPWR 9,712 9,348 CISO AVA 0 0 CISO AZPS 56,655 60,545 CISO BANC 125,088 133,190 CISO BPAT 9,157 18,410 CISO LADWP 51,419 54,698 CISO NEVP 41,245 44,260 CISO PACW 0 15,917 CISO PGE 26,154 40,355 CISO PWRX 354,740 371,022 CISO SRP 103,308 106,482 CISO TEPC 59 237 CISO TIDC 9,083 10,482 CISO WALC 23,622 25,512 October EPE AZPS 1,240 0 EPE PNM 33,428 32,767 EPE TEPC 92,369 91,071 IPCO AVA 48,664 39,792 IPCO BPAT 13,179 13,077 IPCO NEVP 8,759 9,075 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 20 of 38 IPCO NWMT 1,460 2,603 IPCO PACE 8,414 2,146 October IPCO PACW 55,525 46,498 IPCO PSEI 1,687 2,062 IPCO SCL 6,528 5,309 LADWP AZPS 1,495 1,570 LADWP BPAT 0 0 LADWP CISO 21,229 31,459 LADWP NEVP 19,432 13,093 LADWP PACE 23,764 14,819 LADWP TEPC 0 0 LADWP WALC 4,793 456 NEVP AZPS 0 0 NEVP BPAT 0 0 NEVP CISO 84,646 85,686 NEVP IPCO 99,581 75,737 NEVP LADWP 29,840 28,572 NEVP PACE 81,101 67,906 NEVP WALC 20,254 14,512 NWMT AVA 28,410 24,037 NWMT BPAT 8,730 6,543 NWMT IPCO 6,905 7,842 NWMT PACE 8,292 3,107 NWMT PACW 3 0 NWMT PGE 13 0 October NWMT PSEI 137 0 NWMT TPWR 0 0 PACE AZPS 19,086 24,751 PACE IPCO 90,926 78,687 PACE LADWP 37,211 47,651 PACE NEVP 38,657 34,314 PACE NWMT 17,468 16,918 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 21 of 38 PACE PACW 85,911 74,325 PACE SRP 0 0 October PACE TEPC 0 0 PACW AVA 5,609 5,478 PACW AVRN 7,080 10,217 PACW BPAT 13,154 14,268 PACW CISO 18,496 31,264 PACW IPCO 12,807 8,598 PACW NWMT 2 0 PACW PGE 42,053 33,487 PACW PSEI 51,382 50,493 PACW SCL 885 624 PGE AVA 0 0 PGE AVRN 2,866 4,174 PGE BPAT 30,763 31,192 PGE CISO 25,924 20,523 PGE NWMT 56 0 PGE PACW 13,347 15,720 October PGE PSEI 0 0 PGE SCL 841 699 PGE TPWR 0 0 PNM AZPS 77,084 77,200 PNM EPE 4,648 5,266 PNM SRP 1,653 1,134 PNM TEPC 4,010 2,786 PSEI AVA 59 0 PSEI BPAT 21,951 18,129 PSEI IPCO 0 0 PSEI NWMT 22 0 PSEI PACW 4,135 5,028 PSEI PGE 0 0 PSEI PWRX 29,420 28,801 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 22 of 38 PSEI SCL 5,245 3,428 PSEI TPWR 10,017 9,117 October PWRX BPAT 4,459 0 PWRX CISO 0 0 PWRX PSEI 2,789 3,975 SCL AVA 4 0 SCL AVRN 926 2,233 SCL BPAT 2,202 4,295 SCL IPCO 1,098 2,193 SCL PACW 155 359 SCL PGE 616 804 SCL PSEI 4,762 8,846 SRP AZPS 14,375 8,034 SRP CISO 150,508 168,446 SRP PACE 0 0 SRP PNM 52 37 SRP TEPC 9,128 7,470 SRP WALC 20,748 5,352 TEPC AZPS 1,257 48 TEPC CISO 8,242 7,594 TEPC EPE 4,832 4,600 TEPC LADWP 55 0 TEPC PACE 40 13 TEPC PNM 7,070 3,587 TEPC SRP 11,842 9,537 October TEPC WALC 177,723 171,692 TIDC BANC 5,522 3,839 TIDC CISO 4,460 5,792 TPWR AVA 0 0 TPWR BPAT 4,067 4,180 TPWR NWMT 0 0 TPWR PGE 0 0 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 23 of 38 TPWR PSEI 2,869 2,998 WALC AZPS 5,045 2,983 WALC CISO 114,870 123,746 WALC LADWP 23,921 15,304 WALC NEVP 50,826 26,254 WALC SRP 3,247 2,342 WALC TEPC 28,821 28,724 November AVA AVRN 3,054 3,050 AVA BPAT 11,659 9,854 AVA CISO 0 0 AVA IPCO 8,635 9,886 AVA NWMT 3,092 3,306 AVA PACW 3,289 3,124 AVA PGE 0 0 AVA PSEI 0 0 AVA SCL 0 0 AVA TPWR 0 0 AVRN AVA 3,926 4,032 AVRN BPAT 24,555 21,434 AVRN PACW 21,435 22,495 AVRN PGE 10,176 9,557 AVRN SCL 6,993 5,688 AZPS CISO 160,424 151,513 AZPS EPE 1,350 0 AZPS LADWP 24,849 22,609 AZPS NEVP 0 0 AZPS PACE 82,820 72,142 November AZPS PNM 16,421 11,951 AZPS SRP 20,596 17,817 AZPS TEPC 430 3 AZPS WALC 2,960 1,970 BANC BPAT 0 0 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 24 of 38 BANC CISO 1,652 1,657 BANC TIDC 1,352 1,352 November BPAT AVA 8,728 8,685 BPAT AVRN 4,651 4,616 BPAT BANC 0 0 BPAT CISO 5,518 14,948 BPAT IPCO 6,182 4,966 BPAT LADWP 0 0 BPAT NEVP 0 0 BPAT NWMT 8,188 3,329 BPAT PACW 4,227 2,744 BPAT PGE 14,002 11,239 BPAT PSEI 13,757 13,923 BPAT PWRX 7,256 0 BPAT SCL 6,669 2,989 BPAT TPWR 11,856 11,035 CISO AVA 0 0 CISO AZPS 58,530 59,080 CISO BANC 136,095 138,197 CISO BPAT 11,841 29,807 CISO LADWP 44,092 39,841 CISO NEVP 57,613 49,580 CISO PACW 16,154 49,803 CISO PGE 38,649 54,708 CISO PWRX 363,579 384,967 CISO SRP 77,368 80,011 November CISO TEPC 0 0 CISO TIDC 4,871 5,173 CISO WALC 15,880 16,642 EPE AZPS 1,442 0 EPE PNM 32,209 30,923 EPE TEPC 3,186 2,662 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 25 of 38 IPCO AVA 21,369 17,401 IPCO BPAT 18,290 13,155 November IPCO NEVP 13,992 13,325 IPCO NWMT 615 1,037 IPCO PACE 10,694 7,606 IPCO PACW 18,468 13,297 IPCO PSEI 4,592 3,550 IPCO SCL 9,935 7,555 LADWP AZPS 825 971 LADWP BPAT 0 0 LADWP CISO 25,722 27,211 LADWP NEVP 10,588 8,221 LADWP PACE 18,332 15,784 LADWP TEPC 0 0 LADWP WALC 2,269 297 NEVP AZPS 0 0 NEVP BPAT 0 0 NEVP CISO 48,688 45,280 NEVP IPCO 64,145 54,840 NEVP LADWP 30,104 29,510 NEVP PACE 49,667 40,865 NEVP WALC 7,385 7,265 NWMT AVA 29,190 25,460 NWMT BPAT 8,263 4,272 NWMT IPCO 10,958 11,493 NWMT PACE 16,574 13,148 November NWMT PACW 39 0 NWMT PGE 3 0 NWMT PSEI 85 0 NWMT TPWR 0 0 PACE AZPS 42,146 45,273 PACE IPCO 75,460 66,315 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 26 of 38 PACE LADWP 32,536 37,106 PACE NEVP 20,278 24,230 November PACE NWMT 15,283 12,925 PACE PACW 34,367 26,401 PACE SRP 0 0 PACE TEPC 0 0 PACW AVA 5,750 7,295 PACW AVRN 11,368 15,709 PACW BPAT 7,679 4,768 PACW CISO 41,534 59,373 PACW IPCO 15,275 20,561 PACW NWMT 12 0 PACW PGE 26,556 22,865 PACW PSEI 32,399 35,208 PACW SCL 1,149 941 PGE AVA 0 0 PGE AVRN 2,799 3,958 PGE BPAT 19,808 18,185 PGE CISO 17,577 15,959 PGE NWMT 24 0 PGE PACW 16,127 18,358 PGE PSEI 0 0 PGE SCL 1,178 1,081 PGE TPWR 0 0 PNM AZPS 81,109 83,856 PNM EPE 14,965 10,283 November PNM SRP 5,492 4,584 PNM TEPC 5,556 5,406 PSEI AVA 0 0 PSEI BPAT 7,855 6,041 PSEI IPCO 0 0 PSEI NWMT 74 0 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 27 of 38 PSEI PACW 9,302 10,016 PSEI PGE 3 2 November PSEI PWRX 31,805 30,994 PSEI SCL 14,189 13,281 PSEI TPWR 11,012 11,677 PWRX BPAT 5,793 0 PWRX CISO 0 0 PWRX PSEI 1,027 1,302 SCL AVA 0 0 SCL AVRN 1,150 2,022 SCL BPAT 1,906 1,943 SCL IPCO 3,797 5,296 SCL PACW 263 376 SCL PGE 439 641 SCL PSEI 4,299 7,288 SRP AZPS 6,675 7,296 SRP CISO 173,236 169,786 SRP PACE 0 0 SRP PNM 755 393 SRP TEPC 5,447 2,842 SRP WALC 9,306 5,988 TEPC AZPS 657 0 November TEPC CISO 1,172 1,237 TEPC EPE 3,811 2,198 TEPC LADWP 0 0 TEPC PACE 29 2 TEPC PNM 9,696 4,654 TEPC SRP 16,724 14,816 TEPC WALC 87,141 86,036 TIDC BANC 11,679 11,250 TIDC CISO 883 884 TPWR AVA 0 0 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 28 of 38 TPWR BPAT 6,448 6,758 TPWR NWMT 0 0 TPWR PGE 0 0 TPWR PSEI 6,780 6,471 WALC AZPS 6,198 1,484 WALC CISO 50,439 53,095 WALC LADWP 11,960 10,048 WALC NEVP 24,198 21,177 WALC SRP 2,754 2,145 WALC TEPC 14,796 15,098 December AVA AVRN 2,443 2,749 AVA BPAT 9,652 8,367 AVA CISO 0 0 AVA IPCO 10,211 11,365 AVA NWMT 4,544 5,783 AVA PACW 1,655 2,074 AVA PGE 0 0 AVA PSEI 4 0 AVA SCL 0 0 AVA TPWR 0 0 AVRN AVA 3,490 3,014 AVRN BPAT 25,281 23,418 AVRN PACW 26,067 29,860 AVRN PGE 11,239 8,981 AVRN SCL 6,475 4,538 AZPS CISO 132,047 113,569 December AZPS EPE 503 0 AZPS LADWP 23,841 25,646 AZPS NEVP 0 0 AZPS PACE 41,150 41,958 AZPS PNM 10,183 6,197 AZPS SRP 10,029 10,621 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 29 of 38 AZPS TEPC 346 63 AZPS WALC 6,210 6,020 December BANC BPAT 0 0 BANC CISO 11,099 11,016 BANC TIDC 308 244 BPAT AVA 5,740 4,442 BPAT AVRN 3,964 3,709 BPAT BANC 0 0 BPAT CISO 5,681 14,425 BPAT IPCO 5,828 3,164 BPAT LADWP 0 0 BPAT NEVP 0 0 BPAT NWMT 6,355 2,449 BPAT PACW 2,783 1,105 BPAT PGE 9,672 9,287 BPAT PSEI 27,752 28,730 BPAT PWRX 3,784 0 BPAT SCL 3,283 2,436 BPAT TPWR 6,915 7,017 CISO AVA 0 0 CISO AZPS 11,795 11,722 CISO BANC 90,180 94,319 CISO BPAT 14,897 33,313 CISO LADWP 27,943 29,742 CISO NEVP 14,208 12,841 CISO PACW 25,083 46,359 December CISO PGE 26,984 36,344 CISO PWRX 394,392 425,776 CISO SRP 47,414 45,507 CISO TEPC 0 0 CISO TIDC 3,480 4,309 CISO WALC 10,225 9,614 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 30 of 38 EPE AZPS 529 0 EPE PNM 22,715 24,465 December EPE TEPC 21,832 23,756 IPCO AVA 19,458 14,955 IPCO BPAT 8,390 7,364 IPCO NEVP 20,423 17,778 IPCO NWMT 1,180 1,391 IPCO PACE 16,764 12,638 IPCO PACW 16,650 11,517 IPCO PSEI 175 212 IPCO SCL 8,458 7,150 LADWP AZPS 1,065 887 LADWP BPAT 0 0 LADWP CISO 55,604 50,242 LADWP NEVP 8,570 10,494 LADWP PACE 20,394 19,297 LADWP TEPC 0 0 LADWP WALC 3,294 645 NEVP AZPS 0 0 NEVP BPAT 0 0 NEVP CISO 77,644 67,694 NEVP IPCO 53,463 46,524 NEVP LADWP 28,792 26,584 NEVP PACE 45,130 35,513 NEVP WALC 18,527 15,524 NWMT AVA 21,924 20,262 December NWMT BPAT 9,717 7,215 NWMT IPCO 7,692 8,118 NWMT PACE 18,138 17,115 NWMT PACW 24 0 NWMT PGE 7 0 NWMT PSEI 34 0 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 31 of 38 NWMT TPWR 0 0 PACE AZPS 24,542 27,212 December PACE IPCO 68,885 59,686 PACE LADWP 38,155 34,778 PACE NEVP 24,613 27,771 PACE NWMT 16,291 17,367 PACE PACW 27,249 22,274 PACE SRP 0 0 PACE TEPC 0 0 PACW AVA 4,649 5,342 PACW AVRN 10,539 14,653 PACW BPAT 8,303 5,089 PACW CISO 37,699 62,804 PACW IPCO 31,406 27,723 PACW NWMT 2 0 PACW PGE 26,635 22,083 PACW PSEI 47,832 45,760 PACW SCL 1,226 918 PGE AVA 0 0 PGE AVRN 2,832 3,719 PGE BPAT 21,113 22,162 PGE CISO 28,416 28,111 PGE NWMT 9 0 PGE PACW 10,654 12,966 PGE PSEI 3 0 PGE SCL 1,244 1,114 December PGE TPWR 0 0 PNM AZPS 65,028 74,743 PNM EPE 17,835 12,783 PNM SRP 0 0 PNM TEPC 4,621 6,372 PSEI AVA 0 0 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 32 of 38 PSEI BPAT 12,149 14,628 PSEI IPCO 0 0 December PSEI NWMT 30 0 PSEI PACW 5,718 7,964 PSEI PGE 0 0 PSEI PWRX 34,262 32,472 PSEI SCL 7,085 5,956 PSEI TPWR 3,965 4,203 PWRX BPAT 6,371 0 PWRX CISO 0 0 PWRX PSEI 1,003 2,695 SCL AVA 0 0 SCL AVRN 1,008 1,908 SCL BPAT 1,088 1,257 SCL IPCO 3,208 4,182 SCL PACW 185 304 SCL PGE 544 723 SCL PSEI 4,598 7,067 SRP AZPS 6,728 10,509 SRP CISO 246,623 235,618 SRP PACE 0 0 SRP PNM 994 774 SRP TEPC 5,266 4,209 SRP WALC 9,025 12,415 TEPC AZPS 571 0 TEPC CISO 1,163 905 December TEPC EPE 12,615 8,494 TEPC LADWP 0 0 TEPC PACE 44 9 TEPC PNM 8,168 5,962 TEPC SRP 9,025 6,917 TEPC WALC 104,056 98,352 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 33 of 38 TIDC BANC 10,617 10,231 TIDC CISO 5,012 4,760 December TPWR AVA 0 0 TPWR BPAT 2,114 2,758 TPWR NWMT 0 0 TPWR PGE 0 0 TPWR PSEI 9,458 8,675 WALC AZPS 4,263 2,374 WALC CISO 70,714 67,492 WALC LADWP 14,513 15,071 WALC NEVP 21,076 26,763 WALC SRP 3,941 3,393 WALC TEPC 11,910 11,492 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 34 of 38 APPENDIX 3: Minimum & Maximum Flexible Ramping Requirements Month BAA Direction Minimum requirement Maximum requirement AVA up 0 100 October AVRN up 0 378 AZPS up 0 392 BANC up 0 107 BPAT up 9 445 CISO up 0 2,409 EPE up 0 111 IPCO up 0 225 LADWP up 0 428 NEVP up 0 860 NWMT up 0 114 PACE up 18 661 PACW up 0 131 PGE up 0 219 PNM up 0 219 PSEI up 0 238 PWRX up 0 281 SCL up 0 279 SRP up 0 233 TEPC up 0 186 TIDC up 2 16 TPWR up 0 15 WALC up 0 50 ALL EIM up 0 3,659 AVA down 0 132 AVRN down 0 332 AZPS down 23 395 BANC down 0 158 October BPAT down 0 539 CISO down 0 1,983 EPE down 0 112 IPCO down 0 237 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 35 of 38 LADWP down 0 391 NEVP down 0 643 NWMT down 0 156 PACE down 0 855 PACW down 0 200 PGE down 0 278 PNM down 0 282 PSEI down 0 290 PWRX down 32 263 SCL down 1 28 SRP down 0 220 TEPC down 0 179 TIDC down 1 21 TPWR down 0 218 WALC down 0 54 ALL EIM down 0 3,300 AVA up 0 100 November AVRN up 0 378 AZPS up 0 392 BANC up 0 101 BPAT up 0 371 CISO up 0 2,875 EPE up 0 111 IPCO up 0 206 LADWP up 0 428 NEVP up 0 817 NWMT up 0 111 PACE up 0 690 PACW up 0 140 PGE up 0 219 PNM up 0 204 PSEI up 0 281 PWRX up 0 244 SCL up 0 29 SRP up 0 218 TEPC up 0 181 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 36 of 38 TIDC up 2 16 TPWR up 0 14 November WALC up 0 50 ALL WEIM up 0 4,314 AVA down 0 132 AVRN down 0 332 AZPS down 0 376 BANC down 0 122 BPAT down 0 515 CISO down 0 1,635 EPE down 0 112 November IPCO down 0 219 LADWP down 0 338 NEVP down 0 610 NWMT down 0 146 PACE down 0 855 PACW down 0 214 PGE down 0 261 PNM down 0 282 PSEI down 0 290 PWRX down 0 256 SCL down 0 27 SRP down 0 210 TEPC down 0 179 TIDC down 0 17 TPWR down 0 17 WALC down 0 59 ALL EIM down 0 2,353 December AVA up 0 100 AVRN up 0 378 AZPS up 0 392 BANC up 0 96 BPAT up 0 474 CISO up 48 2,720 EPE up 1 91 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 37 of 38 December December IPCO up 0 192 LADWP up 0 336 NEVP up 15 669 NWMT up 0 111 PACE up 0 706 PACW up 0 146 PGE up 7 219 PNM up 16 201 PSEI up 34 264 PWRX up 0 329 SCL up 0 34 SRP up 0 242 TEPC up 1 171 TIDC up 0 17 TPWR up 0 22 WALC up 5 53 ALL WEIM up 302 3,584 AVA down 0 132 AVRN down 0 349 AZPS down 0 395 BANC down 6 117 BPAT down 0 484 CISO down 0 2,403 EPE down 0 79 IPCO down 0 219 LADWP down 0 338 NEVP down 0 565 NWMT down 0 148 PACE down 0 812 PACW down 0 214 PGE down 3 297 PNM down 0 241 PSEI down 0 282 PWRX down 0 274 SCL down 0 39 SRP down 0 258 WEIM BENEFITS REPORT FOURTH QUARTER 2023 MPP/MP&AA Copyright 2024 California ISO Page 38 of 38 TEPC down 0 179 TIDC down 0 15 TPWR down 0 25 WALC down 0 59 ALL WEIM down 0 2,844