EIM Participating Resource Agreement, under which it is responsible for meeting the requirements specified in Section 29 of the Tariff. EIM Participating The EIM Participating Resource, or a third-party designated by the EIM Resource Participating Resource, that is certified by CAISO and enters into an Scheduling EIM Participating Resource Scheduling Coordinator Agreement, under Coordinator which it is a Scheduling Coordinator and is responsible for meeting the requirements specified in Section 29 of the Tariff on behalf of the resource. EIM Transfer The transfer of Energy in Real Time between an EIM Entity Balancing Authority Area and the CAISO Balancing Authority Area or between EIM Entity Balancing Authority Areas using transmission capacity made available to the Real-Time Market through the Energy Imbalance Market. Energy Imbalance The rules and procedures in Tariff Section 29 governing CAISO’s Market (EIM) operation of the Real-Time Market in Balancing Authority Areas outside of the CAISO Balancing Authority Area and the participation of EIM Market Participants in the Real-Time Market. Market Operator California Independent Systems Operator Non-Participating The EIM Entity SC receive the settlement for the non-participating Loads load. CAISO will settle EIM non-participating load UIE as the algebraic difference between the hourly meter data and the calculated Base Schedule at the applicable hourly Real-Time LAP price using volumetric weighted average LMP of 15-minute and 5-minute markets in that hour for the relevant LAP. The weights in the calculation are as follows: For the 15-minute LMP, it is the difference between 15-minute demand forecast and the demand forecast that was used to calculated base load at T-40 (Load + Loss). For the 5-minute LMP, it is the difference between 5-minute and 15-minute demand forecast. The LMP is bounded by Max/Min LMP over the hour: For Hourly LMP , is the sum of (15-minute LMP * 15-minute demand forecast deviation from the demand forecast that was used to calculate the base load at T-40) over four 15-minute intervals + Sum of LMP * 5-minute demand forecast deviation from the 15-minute demand forecast) over twelve 5-minute intervals divided by The sum of [15-minute demand forecast deviation from the demand forecast that was used to calculate base load at T-40 over four intervals + the sum of (5-minute demand forecast deviation from the 15-minute demand forecast) over twelve 5-minute intervals]
EIM Participating Resource Agreement, under which it is responsible for meeting the requirements specified in Section 29 of the Tariff. EIM Participating Resource Scheduling Coordinator The EIM Participating Resource, or a third-party designated by the EIM Participating Resource, that is certified by CAISO and enters into an EIM Participating Resource Scheduling Coordinator Agreement, under which it is a Scheduling Coordinator and is responsible for meeting the requirements specified in Section 29 of the Tariff on behalf of the resource. EIM Transfer The transfer of Energy in Real Time between an EIM Entity Balancing Authority Area and the CAISO Balancing Authority Area or between EIM Entity Balancing Authority Areas using transmission capacity made available to the Real-Time Market through the Energy Imbalance Market. Energy Imbalance Market (EIM) The rules and procedures in Tariff Section 29 governing CAISO’s operation of the Real-Time Market in Balancing Authority Areas outside of the CAISO Balancing Authority Area and the participation of EIM Market Participants in the Real-Time Market. Market Operator California Independent Systems Operator Non-Participating Loads The EIM Entity SC receive the settlement for the non-participating load. CAISO will settle EIM non-participating load UIE as the algebraic difference between the hourly meter data and the calculated Base Schedule at the applicable hourly Real-Time LAP price using volumetric weighted average LMP of 15-minute and 5-minute markets in that hour for the relevant LAP. The weights in the calculation are as follows: For the 15-minute LMP, it is the difference between 15-minute demand forecast and the demand forecast that was used to calculated base load at T-40 (Load + Loss). For the 5-minute LMP, it is the difference between 5-minute and 15-minute demand forecast. The LMP is bounded by Max/Min LMP over the hour: For Hourly LMP , is the sum of (15-minute LMP * 15-minute demand forecast deviation from the demand forecast that was used to calculate the base load at T-40) over four 15-minute intervals + Sum of LMP * 5-minute demand forecast deviation from the 15-minute demand forecast) over twelve 5-minute intervals divided by The sum of [15-minute demand forecast deviation from the demand forecast that was used to calculate base load at T-40 over four intervals + the sum of (5-minute demand forecast deviation from the 15-minute demand forecast) over twelve 5-minute intervals]
BPM_for_Energy%20Imbalance%20Market_V3_clean.docx