Committees & Groups

Issue Details

Residual Zone Pricing

This issue concerns business rule development for Residual Zone Pricing. Residual Zone is an aggregate pricing point containing all load buses in the physical zone, less any load buses that has been designated to be priced at a specific non-zonal (nodal) location. Residual Zone Pricing is the use of this residual zone LMP instead of the physical zone LMP for pricing real-time load. Business rules are being developed concerning the election of residual zone pricing as well as the method of calculating residual zone aggregate definitions for use in the Day-ahead Energy Market, Real-time Energy Market, for FTRs and ARR modeling, and for reconciliation settlement.

Proposed Timeline

Issue initiated: 8.9.2011
Work begins: 9.30.2011
Target Completion: TBD
Actual Completion: 7.8.2013

Issue Details

Stakeholder Body Market Settlements Subcommittee
Facilitator Fernandez, Raymond J. III
Subject Matter Expert Kenney, Susan
Issue Catalyst More precise load pricing as discussed for several years at the Market Settlements Subcommittee.
Issue Status Closed
Manual Changes Yes
Agreement Changes Open Access Transmission Tariff, Operating Agreement
  • Stakeholder Process Step

  • Completed Approved
  • Completed Education
  • Completed Interest
  • Completed Design
  • Completed Options
  • Completed Packages
  • Completed Consensus
  • Completed Review
  • Completed Completed
11.9.2012 -Filing-
Docket No. ER13-347-000  PDF